Copper North Mining Corp. Commences Drilling at Carmacks Project
Jul 20 15
Copper North Mining Corp. has commenced drilling at its Carmacks Project. The drilling will focus on both new exploration targets identified during the past month of detailed geophysical targets and definition drilling of several of the mineral zones to expand mineral resources. The Measured and Indicated mineral resource estimate totals 11,980,000 tonnes grading 1.07% total copper, of which 0.86% is soluble copper. The mineral resource estimate also contains substantial gold and silver. The first phase of drilling will focus on the 2000S zone that forms part of the Gap South target area immediately south of the proposed open pit area. Previous drilling has defined a near surface oxide and sulphide mineral zone. Approximately eight short drill holes are planned to fill in around previous drill holes, to facilitate estimate of the mineral resource in 2000S zone. The second phase of drilling will focus on two target areas within the Gap North area immediately north of Zone 1, the proposed open pit. The Gap North area has extensive overburden and valley fill materials. The drill holes will test geophysical anomalies flanking the valley fill. The third phase of drilling will focus on in-fill drilling in zones 12 and 13. Zone 12 and 13 define a mineralized zone in a northwest trending structural zone, extending approximately 1,500 metres in length. Previous drilling defined two near surface zones of oxide and sulphide mineralization. Oxide mineralization extends to up to approximately 70 metres depth before transitioning to sulphide mineralization. The planned fill-in drilling in zones 12 and 13 will define both oxide and sulphide near-surface mineralization and provide sufficient assay information to determine mineral resources in selected parts of these two zones.
Copper North Mining Corp. Commences Exploration at Carmacks Project, Yukon
Jun 10 15
Copper North Mining Corp. has commenced its 2015 Carmacks exploration program to expand copper-gold-silver resources adjacent to the proposed mining area. The program will focus on extending the Measured and Indicated mineral resources in zones 1, 4, 7 and 7a. The prime target areas are referred to as the North Gap and South Gap. These target areas have the potential to significantly increase mineral resources. The Measured and Indicated mineral resource estimate totals 11,980,000 tonnes grading 1.07% total copper, of which 0.86% is soluble copper. The mineral resource estimate also contains substantial gold and silver. The resource in the oxide classification forms the basis for the potentially mineable mineralization by open pit methods as described in the PEA. The Carmacks copper-gold-silver mineralization has been discovered in at least 15 zones, defining the mineralized northwest trending shear structures that extend for at least five kilometres. The proposed mining area consists of Zones 1, 4, 7 and 7a, spanning approximately 700 metres along the main shear structure that dips steeply to the northeast. The mineralization forming the mineral resources appears truncated by cross faults on both its north and south extent; the extension of the known mineralized zones is prime exploration targets. The resumption of exploration in 2014 consisted of geologic mapping, trenching, induced polarization and magnetic geophysical surveys, and diamond drilling. Exploration commenced in the Zone 2 area, located 2,500 metres to the north of the Zone 1 proposed mining area. The 2,500 metre gap between Zones 1 and 2 remains largely unexplored. Trenching and drilling in the 2014 program extended Zone 2 mineralization over a strike length of 500 metres, reducing the gap to Zone 1 to approximately 2,000 metres with little exploration. A gap is also apparent to the south boundary of the proposed mining area. North GAP Area - Zone 1 Extension: The 2015 program focuses on determining the offset of Zone 1, on the cross fault, and following it along strike to the northwest. The higher copper and gold grades in Zone 1 occur at its north end, up against the cross fault. A combination of detailed geophysical surveying and trenching will be undertaken in preparation for drilling of the Zone 1 offset. The gap between Zone 1 and the known mineralization at Zone 2 is approximately 2,000 metres, and has the potential to host substantial oxide mineral resources. Exploration this past year focused on extending the Zone 2 mineralization along strike. Trenching to the southeast was successful in tracking Zone 2 for approximately 500 metres. The historic Zone 2 trench was refreshed with the excavator and the oxide copper zone was resampled. The shear fabric and distribution of oxide copper minerals indicates a steep dipping mineralized zone, trending southeast. Sampling of the trench yielded 15 metres grading 0.9% copper. Ten drill holes tested the near surface oxide copper mineralization over a distance of 450 metres. Drill holes in the Zone 2 extension intersected the mineral zone at depths between 9.6 metres and 81.0 metres. All holes intercepted oxide copper in the mineral zone and yielded an average of 10.5 metres grading a weighted average of 0.36% copper, 0.069 g/t gold and 4.37 g/t silver. Trenching to the north of the Zone 2 showing indicates that Zone 2 is cutoff by a cross fault, approximately 20 metres to the northeast of the discovery outcrop and mineralized trench. Additional trenching failed to find an extension on the north side of the cross fault. South GAP Area - 2000S Zone Extension: This South Gap area is located between the current limit of zones, 1, 4, 7, and 7A and 2000S zone. The South Gap target consists of an approximate 300 metre gap between the main proposed mining area and the 2000S zone. The 2000S zone has been partially defined by 6 drill holes with both oxide and sulphide mineralization. Drill hole WC92-01 intersected 10.67m grading 0.67% copper at a depth of 30 to 41metres. To follow up on this intercept, drill hole CN14-11 was collared 22 metres to the north northwest of WC92- 01, and intersected 18.74 metres grading 0.58% copper, 0.189 g/t gold and 2.46 g/t silver at a depth 21 to 40 metres. Three other drill holes failed to intercept the mineralized zone. Additional drilling is planned to define the continuation of the mineralization to the northwest extension of the mineralization comprising the 2000S zone.
Copper North Mining Corp., Annual General Meeting, Jun 23, 2015
Apr 16 15
Copper North Mining Corp., Annual General Meeting, Jun 23, 2015., at 11:00 Pacific Standard Time. Location: DuMoulin Black LLP. Agenda: To receive and consider the consolidated financial statements of the company together with the auditor's report thereon for the financial year ended December 31, 2014; to set the number of directors at four; to elect the directors for the upcoming year; to appoint the auditor for the upcoming year and authorize the directors to fix the remuneration of the auditor; to approve and ratify the company's stock option plan; and to transact such further or other business as may properly come before the meeting and any adjournments thereof.