Mapping and sampling, which has taken place since late January 2013, has noted numerous northeast/southwest fault structures with weak alteration.
The Company has also initiated an orientation induced polarization geophysical survey expected to be completed by the end of April 2013. This survey will build on previous work and provide both a deep and shallow look at the anomaly. The Company's President and CEO, Mason Douglas, speaking about the current geophysical work, stated, "I am very excited about this new discovery and this particular phase of exploration. Results continue to offer evidence for the potential for a large copper-gold system. This next phase of geophysics will be integral to the design of our planned summer drill program that in turn will offer an enhanced look at what we believe are potentially sizeable targets." The summer drilling will include first round exploratory drilling in the southern portion of the Project to test the edge targets as well as the central portion of the magnetic high. Additionally, several holes may be drilled to test mineralized extensions encountered in the 2012 drill program.
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During September and October 2012 the Company completed 2,309.8 meters (m) (7,578 ft) of drilling in 19 reverse circulation holes at the Project (see press release dated January 16, 2013). Drilling identified copper and gold mineralization hosted both in the intrusive and in adjacent sediments. In addition to those elements reported in this news release, a complex suite of anomalous elements including antimony, bismuth, cobalt, cadmium, gallium, germanium, molybdenum, indium, selenium, tellurium, tin and tungsten were found to form zones in and surrounding the mineralization. Below is a table of highlights from the fall 2012 drill program:
|Hole ID||From m||To m||Interval m||Cu %||Au g/t||Other||Host|
|incl||3.0||6.1||3.1||572 ppm antimony (Sb)|
|CPR11||7.6||16.7||9.1||2.42||93.6 g/t Ag||jasperoid, skarn|
|incl||42.7||45.7||3.0||8.92||24.8 g/t Ag|