Toronto, December 12th, 2022 – Canadian Copper Inc. (“Canadian Copper” or the “Company”) (CSE:CCI) is pleased to announce it has completed its property-wide 2022 trenching program at the Chester Project (“Chester”) located in the prolific Bathurst Mining Camp (“BMC”) in Northern New Brunswick.
“All personnel and trenching equipment have been safely demobilized from the Chester Project. To date, we’ve collected nearly 300 samples with more than 4000 meters of trenching completed this year. Weather cooperated this season at site and resulted in an additional 1000 meters more of trenching than originally scheduled for this program. This new field information will be integral in our 2023 exploration planning efforts which will be designed to test several regional targets at the Chester Property, in addition to near-deposit expansion opportunities.”
— Simon Quick, CEO of Canadian Copper.
Trenching Program Summary
Please see Figure A below and click here to review trenching specific details such as target rationale, trench total length, and visual logs provided by the geologic field team during the exploration program.
Next Steps for Chester Regional and Near-Deposit Exploration:
- The Company expects all assay results from this trenching program by February 2023.
- Based on any encouraging assays received that match favourable geology, the Company will develop and permit high priority regional targets in 2023 for drilling.
- Continue developing Chester deposit step-out targets with the objective of extending known mineralization at the Stringer Zone, such as hole C21:07 3.55% Cu over 0.75 meters (full release please click here), which was 200-meters outside any known copper mineralization.
- The Company will use the above stated steps to develop a comprehensive budget and exploration strategy for the 2023 field season starting in Q2, 2023.
Figure A: Area Map of Completed Trenches at Chester Project
Chester Project Mineral Resource Estimate (“MRE”)
Announced November 1, 2022, this MRE for Chester is based on data with a cut-off date of August 31, 2022. The MRE is reported with an effective date of October 27, 2022.
Table 1: Open Pit Mineral Resource Estimate at a cut-off of 0.5% copper*
* Press Release dated November 1, 2022 “Canadian Copper Significantly Grows Mineral Resources at Chester Project”: https://canadiancopper.com/canadian-copper-significantly-grows-mineral-resources-at-chester-project/
About the Chester Copper Project
The Chester copper deposit (“Chester”) is a volcanogenic massive sulphide (“VMS”) resource containing three zones; the Central Zone (massive sulphide), the East Zone (massive sulphide), and the West Zone (Copper Stringer), which are all located near surface. Previous mining development in 1974 included a 470-meter decline targeting the West Zone and produced 30,000 tonnes of bulk samples grading +2.0% Cu (Geoscience Canada, McCutcheon, 2020). No other development has occurred on the property.
About the Bathurst Mining Camp
The Company is focused on the prolific Bathurst Mining Camp of New Brunswick, Canada. This region is a world class mining district with thirteen former mining operations and hosts more than forty-five known volcanogenic massive sulphide (“VMS”) deposits. Our flagship Chester Project is 75 km south of the renowned Brunswick #12 mine that operated for 5 decades. New Brunswick has the modern infrastructure needed for mineral exploration and mine development coupled with a clear and well-established regulatory environment.
Dominique Gagné, PGeo, is a qualified person as defined by Canadian National Instrument 43-101 standards who is working for Geominex Inc., an independent contractor of the Company. Mr. Gagne has reviewed and approved the geological information reported in this news release.
About Canadian Copper Inc.
Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada.