TSX. V: COCO
VANCOUVER, BC, March 29, 2022 /CNW/ - Coast Copper Corp.
("Coast Copper" or the "Company"; (TSXV: COCO) announces that
it:
- has hired an experienced Exploration Manager;
- has completed 5 core drill-holes during its current exploration
program in the newly discovered area at Raven Bluff;
- is continuing to drill on other new targets; and,
- has received all the 2021 drill results at the optioned Empire
Mine property.
Coast Copper is pleased to announce that it has hired Mr.
Jesse Collison as Exploration
Manager. Mr. Collison is an engineering geologist with more than 15
years of project management and advanced exploration experience on
a variety of deposit types. He holds a B.Sc. in Geology from the
University of Victoria and a M.Eng. in
Mining Engineering from the University of
British Columbia. Mr. Collison has spent the last ten years
as an Engineering Geologist with Knight Piésold Ltd. as a
consultant on advanced greenfield and brownfield exploration
projects across Canada and
the United States. Prior to
joining Knight Piésold, he was a Mine Geologist at Taseko Mines
Limited's ("Taseko") Gibraltar Mine and spent several years
as an Exploration Geologist on many projects throughout
British Columbia. Most notably, he
was part of the team involved with confirming the resource at
Taseko's Aley Niobium Project in 2010. Mr. Collison is a registered
professional geoscientist and member in good standing with
Engineers and Geoscientists BC.
Adam Travis, Coast Copper CEO
comments, "We are very excited to welcome Jesse to our
team. As a testament to the strength of the Empire Project,
Jesse approached us after his review of advanced exploration
projects in British Columbia
having past production similar to ones he had been working on with
Knight Piésold, where he could add significant value to a junior
explorer. I am excited about our new drilling this year
targeting our new discoveries, extending them along strike and at
depth and taking that newfound knowledge into other areas of the
property. Our exploration drilling at Raven Bluff is
following up on our new discovery of 7.18 g/t gold and 3.17% copper
over 16.3 metres and is progressing well with all 5 drill-holes
extending the geological strike to over 100 metres so far and to a
vertical depth of 250 metres. We are also testing at depth
and along strike of the newly re-discovered Raven Pit, the West
Pipe Dyke and the Lower Marten Showing. Our 2021 results (which 16
of the 19 holes returned significant* results) are proving that the
Empire Project is a very target rich environment for copper-gold
mineralization not only around the margins of the historical iron
ore pit but also in underexplored areas near other historical
occurrences and pits."
The 2022 drilling on the Empire Mine property has progressed
steadily and Coast Copper has completed 5 diamond drill holes
(MW22-020, 021, 022, 023 & 026) within the newly discovered
Raven Bluff area where previous results from 2021 included
MW21-015: 7.18 grams per tonne ("g/t") gold ("Au") and 3.17%
copper ("Cu") over 16.3 metres ("m") including 16.86g/t Au over
4.70 m and 4.64 g/t Au, 12.51% Cu and 197.6 g/t silver ("Ag")
over 3.36 m (as announced
on February 1, 2022). The geological
team has noted mineralization and alteration spatially associated
with greenstone dykes in similar geological fashion to last
winter's drilling in all 5 drill-holes to date (See Figure 1). The
orientation of the main Raven Bluff mineralized zone is striking
330 degrees to the northwest and dipping 72 degrees to the
east which follows the general trend of the greenstone dykes.
MW21-016 was drilled at the same location as MW21-015 but at a
steeper angle and thus did not pierce completely through the Raven
Bluff mineralized zone into the hanging wall, which is host to the
majority of the mineralization (see Figure 2).
Additional drilling includes 2 drill-holes (MW22-024 & 025)
at the newly re-discovered buried Raven pit where last year's
drilling from drillhole MW21-017 returned 6.2 g/t Au over
1.67 m.
One drillhole has also been completed (MW22-027) on
the West Pipe Dyke (located ~100 m east of the Merry
Widow Pit). Early 1960s exploration indicated a magnetic high
west of the Kingfisher central deposit and was named the West Pipe.
Historical drilling has indicated the existence of massive
magnetite as a tabular body immediately overlying the West Pipe
Dyke. Its occurrence coincides with the intersection of the dyke
and the Kingfisher fault. Small lenses of pyrrhotite, pyrite,
arsenopyrite and chalcopyrite with associated gold in calcite
gangue lie along the hanging wall of the West Pipe Dyke
(Lund, 1966). No records exist for
the 1960s drilling at West Pipe and no other drilling was completed
during exploration programs in the 1980s or early 2000s.
Based on the new discoveries at Raven Bluff and our geological
understanding of significant gold and copper mineralization
associated with high angled structures, drilling is also proposed
at the Lower Marten showing, which has never been drill tested as
previous drillholes in the area failed in overburden and/or fell
well short of the target.
Results from the current drill program will be announced upon
receipt and the completion of the Company's stringent QA/QC
procedures. The Company has also contracted underground
mining surveyors to assess the safety and overall condition of the
underground Kingfisher mine.
The final assay results from the 2021 drill program included
MW21-011 which targeted northwest of the current resource block
estimation and intersected 2.38 g/t Au and 0.71% Cu over
6.72 m and another interval of 0.86
g/t Au and 0.31% Cu over 12.75 m. The
results from MW21-011 and the rest of the 2021 drilling around the
Merry Widow resource has enabled a better geological understanding
of the Merry Widow deposit and how to best target expansion of the
resource.
Coast Copper also tested the location of the Old Sport Horizon
as known from the closed Benson Lake
Mine with drill hole MW21-018. This drill-hole was
successful in intersecting the Old Sport Horizon returning 0.38 g/t
Au and 1.64 % Cu over 0.71 m. This is
extremely important as very little information on the actual
location of the Old Sport Horizon (a planar zone dipping to the
west) in 3D space was known. Now, the Old Sport Horizon can be
targeted with a much higher degree of confidence. See Table 1 for
2021 significant drill results.
A video summary of today's news release is available by clicking
here.
|
Table 1: 2021 Empire
Drill Program Significant* Drill Results
|
|
Zone
|
Hole
ID
|
From
(m)
|
To
(m)
|
Interval**
(m)
|
Au
(g/t)
|
Cu
(%)
|
Ag
(g/t)
|
Cobalt
("Co")
(%)
|
AuEq***
(g/t)
|
CuEq****
(%)
|
|
Merry
Widow
|
MW21-002
|
8.82
|
32.12
|
23.30
|
0.29
|
0.15
|
1.5
|
0.004
|
0.60
|
0.36
|
|
MW21-003
|
17.95
|
52.95
|
35.00
|
0.94
|
0.25
|
2.8
|
0.006
|
1.61
|
0.88
|
|
including
|
17.95
|
19.28
|
1.33
|
17.24
|
0.25
|
6.6
|
0.029
|
18.03
|
10.95
|
|
MW21-004
|
10.86
|
45.78
|
34.92
|
1.67
|
0.22
|
3.3
|
0.007
|
2.14
|
1.30
|
|
including
|
29.62
|
34.48
|
4.86
|
8.15
|
0.57
|
11.4
|
0.010
|
9.34
|
5.67
|
|
MW21-005
|
6.44
|
39.95
|
33.51
|
1.10
|
0.39
|
6.1
|
0.007
|
1.89
|
1.15
|
|
including
|
28.58
|
29.38
|
0.80
|
5.92
|
5.94
|
97.5
|
0.014
|
17.11
|
10.40
|
|
including
|
33.26
|
39.95
|
6.69
|
4.27
|
0.82
|
14.8
|
0.010
|
5.91
|
3.59
|
|
and
|
64.65
|
66.27 EOH
|
1.62
|
8.83
|
0.37
|
9.2
|
0.010
|
9.66
|
5.87
|
|
MW21-006
|
11.05
|
23.52
|
12.47
|
2.25
|
0.29
|
2.8
|
0.006
|
2.82
|
1.72
|
|
including
|
15.00
|
16.42
|
1.42
|
7.69
|
0.41
|
2.5
|
0.008
|
8.48
|
5.15
|
|
MW21-007
|
4.00
|
43.54
|
39.54
|
1.84
|
0.20
|
3.3
|
0.006
|
2.27
|
1.38
|
|
including
|
23.43
|
26.66
|
3.23
|
18.00
|
1.55
|
28.0
|
0.012
|
21.04
|
12.78
|
|
MW21-008
|
21.23
|
64.00
|
42.77
|
1.63
|
0.46
|
6.2
|
0.008
|
2.55
|
1.55
|
|
including
|
23.96
|
28.06
|
4.10
|
3.10
|
3.35
|
40.4
|
0.018
|
9.32
|
5.66
|
|
including
|
42.55
|
53.35
|
10.80
|
4.69
|
0.34
|
7.0
|
0.012
|
5.46
|
3.32
|
|
MW21-009
|
72.94
|
75.00
|
2.06
|
3.32
|
0.05
|
1.7
|
0.111
|
4.51
|
2.74
|
|
MW21-010
●
|
64.34
|
64.93
|
0.59
|
0.60
|
0.34
|
6.5
|
0.011
|
1.35
|
0.82
|
|
MW21-011
●
|
6.00
|
12.72
|
6.72
|
2.38
|
0.71
|
7.7
|
0.025
|
3.89
|
2.37
|
|
including
|
10.62
|
11.24
|
0.62
|
4.58
|
4.91
|
46.9
|
0.036
|
13.63
|
8.28
|
|
and
|
42.25
|
55.00
|
12.75
|
0.86
|
0.31
|
3.1
|
0.006
|
1.47
|
0.89
|
|
including
|
50.37
|
55.00
|
4.63
|
2.04
|
0.76
|
7.8
|
0.008
|
3.47
|
2.11
|
|
including
|
51.92
|
53.79
|
1.87
|
2.87
|
1.42
|
16.0
|
0.015
|
5.56
|
3.38
|
|
MW21-013
|
37.07
|
89.63
|
51.06
|
1.22
|
0.39
|
4.8
|
0.008
|
2.00
|
1.22
|
|
including
|
55.11
|
61.00
|
5.89
|
2.17
|
1.13
|
17.1
|
0.012
|
4.37
|
2.66
|
|
including
|
66.00
|
68.00
|
2.00
|
7.68
|
0.88
|
19.8
|
0.012
|
9.51
|
5.78
|
|
including
|
72.00
|
73.49
|
1.49
|
16.30
|
0.69
|
16.0
|
0.011
|
17.75
|
10.79
|
|
and
|
107.74
|
109.71
|
1.97
|
6.78
|
0.17
|
4.5
|
0.014
|
7.26
|
4.41
|
|
including
|
107.74
|
108.17
|
0.43
|
18.00
|
0.52
|
12.8
|
0.036
|
19.38
|
11.77
|
|
MW21-014
|
40.00
|
76.11
|
36.11
|
0.96
|
0.24
|
3.5
|
0.007
|
1.47
|
0.89
|
|
including
|
47.00
|
50.15
|
3.15
|
0.71
|
1.37
|
18.1
|
0.018
|
3.38
|
2.05
|
|
including
|
65.21
|
66.23
|
1.02
|
6.98
|
0.22
|
5.3
|
0.024
|
7.65
|
4.65
|
|
and
|
74.54
|
76.11
|
1.57
|
5.64
|
0.08
|
0.8
|
0.002
|
5.80
|
3.53
|
|
and
|
132
|
133.2
|
1.2
|
4.40
|
2.19
|
32.9
|
0.011
|
8.54
|
5.19
|
|
Raven
Bluff
|
MW21-015
|
15.76
|
16.3
|
0.54
|
4.67
|
5.81
|
38.6
|
0.192
|
16.62
|
10.10
|
|
and
|
56.55
|
57.47
|
0.92
|
12.90
|
0.65
|
16.4
|
0.009
|
14.27
|
8.67
|
|
and
|
77.53
|
79.42
|
1.89
|
11.47
|
0.51
|
13.7
|
0.011
|
12.60
|
7.65
|
|
and
|
97.78
|
114.06
|
16.28
|
7.18
|
3.17
|
47.8
|
0.056
|
13.57
|
8.25
|
|
including
|
100.46
|
105.16
|
4.70
|
16.86
|
0.22
|
1.7
|
0.004
|
17.28
|
10.50
|
|
including
|
110.70
|
114.06
|
3.36
|
4.64
|
12.51
|
197.6
|
0.209
|
29.87
|
18.15
|
|
MW21-016
|
208.55
|
211.27
|
2.72
|
0.31
|
0.47
|
4.6
|
0.007
|
1.21
|
0.74
|
|
and
|
266.96
|
279.00
|
12.04
|
0.55
|
1.06
|
12.2
|
0.007
|
2.52
|
1.53
|
|
including
|
272.25
|
273.91
|
1.66
|
1.43
|
4.38
|
60.2
|
0.026
|
9.68
|
5.88
|
|
including
|
278.00
|
279.00
|
1.00
|
2.49
|
3.49
|
30.2
|
0.021
|
8.84
|
5.37
|
|
and
|
295.35
|
297.00
|
1.65
|
1.40
|
0.20
|
2.8
|
0.002
|
1.79
|
1.08
|
|
Raven
Pit
|
MW21-017
|
31
|
32.67
|
1.67
|
6.20
|
0.002
|
0.4
|
0.000
|
6.21
|
3.77
|
|
and
|
32.67
|
34.7
|
2.03
|
0.36
|
0.28
|
9.9
|
0.067
|
1.61
|
0.98
|
|
and
|
53.9
|
54.85
|
0.95
|
0.22
|
0.40
|
2.1
|
0.017
|
1.07
|
0.65
|
|
Benson
Lake
|
MW21-018
●
|
241.33
|
242.04
|
0.71
|
0.38
|
1.64
|
7.23
|
0.001
|
3.18
|
1.93
|
|
*
|
The intervals reported
in this table represent drill intercepts and insufficient data is
available at this time to state the true thickness of the
mineralized intervals. **The Metal prices used in CuEq and AgEq
calculations are as follows: Gold $1750/oz, Silver $23.00/oz,
Copper $4.20/lb and Cobalt $25/lb. Recoveries are assumed to be
100% for the purposes of equivalent calculations.*** The AuEq
formula used for calculations is: AuEq g/t = Au g/t + (Cu % x 1.65)
+ (Ag g/t x $0.013) + (Co % x $9.80).****The CuEq formula used for
calculations is: CuEq % = Cu % + (Au g/t x $0.608) + (Ag g/t x
$0.008) + (Co % x $5.95). ● Results not previously
reported.
|
QA/QC Statement on Assay Results
The 2021 drill sample collection was supervised on-site by Coast
Copper personnel and sub-contractors who inserted certified
standards, blanks, and field duplicates consisting of quarter core
samples into each batch of samples at regular intervals. QA/QC
samples account for 8% of the total samples sent to the labs.
Samples were sealed on site and shipped to MSALABS in Langley, British Columbia for analysis.
Samples were prepared by crushing the entire sample to 70% passing
-2mm, riffle splitting of 1kg and pulverizing the split to better
than 85% passing 75 microns. MSALABS also conducts a rigorous
QA/QC policy by inserting standards, blanks and conducting pulp
duplicates on certain drill core intervals.
All samples were analyzed by 48 element ultra-trace 4-acid ICP
digestion. Copper assays >10,000 ppm and Ag assays >100 g/t
were reanalyzed with an Ore Grade method. The analytical
results are verified with the application of industry standard
Quality Assurance and Quality Control ("QA/QC") procedures. The
gold assays were determined by 30g fire assay with AAS finish
method which reports in parts per million ("ppm; equivalent to
g/t). Any samples greater than 10.0 g/t gold were re-analyzed
by fire assay method with a gravimetric finish.
Qualified Person
The technical information contained in this news release has
been prepared, reviewed, and approved by Wade Barnes, P.Geo. (BC) of Tripoint Geological
Services, Coast Copper's geological consultant and a Qualified
Person within the context of Canadian Securities Administrators'
National Instrument 43-101; Standards of Disclosure for Mineral
Projects.
About Coast Copper Corp.
Coast Copper's exploration focus is the optioned Empire Mine
property, located on northern Vancouver Island, BC, which covers
three historical open pit mines and two past-producing underground
mines that yielded iron, copper, gold and silver. Coast Copper's
other properties include its 100% owned Eldorado, Gin and Bonanza properties located
in BC's prolific Golden Triangle district which are adjacent to
Newcrest Mining Limited's and Imperial Metals Corporation's
Red Chris Mine, its Knob Hill NW
Property located on northern Vancouver Island and its 100% owned
Sterling and Home Brew properties which are located in central BC.
Coast Copper's management team continues to review precious and
base metals opportunities in western North America.
On Behalf of the Board of Directors:
"Adam
Travis"
Adam Travis, Chief
Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
Certain information contained or incorporated by reference in
this press release, including any information regarding the
proposed Transaction, private placement, board and management
changes, as to our strategy, projects, plans or
future financial or operating performance, constitutes
"forward-looking statements." All statements, other than statements
of historical fact, are to be considered forward-looking
statements. Forward-looking statements are necessarily based on a
number of estimates and assumptions that, while considered
reasonable by Coast Copper, are inherently subject to significant
business, economic, geological and competitive uncertainties and
contingencies. Although Coast Copper believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance. Known and unknown factors could cause actual
results to differ materially from those projected in the
forward-looking statements. Such factors include but are not
limited to: fluctuations in market prices, exploration and
exploitation successes, continued availability of capital and
financing, changes in national and local government legislation,
taxation, controls, regulations, expropriation or nationalization
of property and general political, economic, market or business
conditions. Many of these uncertainties and contingencies can
affect our actual results and could cause actual results to differ
materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, us. Readers are cautioned that
forward-looking statements are not guarantees of future performance
and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. All of the forward-looking statements made
in this press release, or incorporated by reference, are qualified
by these cautionary statements. We do not assume any obligation to
update any forward-looking statements.
SOURCE Coast Copper Corp.
