Copper North Mining Corp. (TSXV:COL) announced results of geophysical surveys, geochemical surveys and geological mapping in the Redstone Copperbelt, located in the Northwest Territories.
As quoted in the press release:
- Identification of drill-ready targets at the Coates Lake and Johnson Vein properties
- Delineation of chargeable IP anomalies at the north end of the Coates Lake property that extend along strike northwards 3,000 m from the limit of known stratiform copper-silver mineralization
- Delineation and 3D modelling of a complex zone of chargeable IP anomalies that extends at least 1,000 m along strike at the south end of the Coates Lake property
Copper North’s President and CEO, Sally Eyre, said:
The 4,000 m of chargeable strike length successfully identified in 2012, in addition to the 6,000 m strike length of known copper-silver mineralization demonstrated by historical drilling, indicates the geological potential for a conceptual stratiform, sedimentary rock-hosted copper target that spans up to 10,000 m of strike length at Coates Lake. In addition to this, the deposit remains open to the north and at depth to the west and southwest .