VANCOUVER, BC--(Marketwired - September 09, 2016) - Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE: COL) announces that it has commenced drilling of its Thor property in northwest British Columbia. Drilling will test two large targets interpreted as porphyry copper-gold mineralization (see news release of August 4, 2016).
Exploration in the 1960s to 1990s discovered porphyry copper-gold type mineralization on Thor property. The Thor Property covers approximately 20,000 hectares including the historic Thor, Marmot, Thorne and Goldvale mineralized areas. The mineral prospects follow a 20 km long mineralized zone within the central part of the porphyry copper-gold trend, from Kemess North in the north northwest and Kliyul in the south southwest, a distance of 75 kilometres.
Diamond drilling at Thor will begin with the proposed drill hole TH16-01 in the Thor East Area 3 (see Appendix A and B). The target 3 area has been defined by sparse outcrops of granodiorite with copper oxide mineralization in the lower reaches of the mountain that is capped by Takla mafic volcanic rocks that host numerous small veins with copper and gold and extensive alteration zones.
The initial drill hole will be followed by a drill hole TH16-03 in the Thor West Area. Thor West is defined by a large geophysical (Induced polarization) anomaly that covers an area of 2 km by 2.5 km, flanking the Kemess mine access road. The target area is covered by till with no outcropping rocks. A second drill hole, TH16-04, in Thor West is located 1.5 km to the northwest of TH16-03, testing the northern section of the anomaly. The drilling of other drill sites is dependent on drill results of the initial two drill holes.
The Thor Project provides Copper North an opportunity to explore for porphyry copper-gold type mineralization in the slopes and valleys adjacent to the shutdown Kemess South mine and mill complex in North Central BC. The drill holes are very widely separated and may confirm the interpreted wide spread mineral zones.
The technical information in this news release has been prepared, reviewed and approved by Dr. Harlan Meade, P.Geo, the President and CEO of Copper North, a Qualified Person within the meaning of NI 43-101.
On behalf of the Board of Directors:
Dr. Harlan Meade
President, CEO and Director
About Copper North
Copper North is a Canadian mineral exploration and development company. Its assets include the Carmacks Project located in the Yukon, the Redstone Property located in the Northwest Territories, and the Thor Property in British Columbia. Copper North trades on the TSX Venture Exchange under the symbol COL.
This news release includes certain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to proposed exploration and development activities and their timing. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the timeliness and success of regulatory approvals, the timing and success of future exploration and development activities, exploration and development risks, market prices, exploitation and exploration results, availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, unanticipated environmental impacts on operations and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that the the proposed exploration and development of the mineral projects will proceed as planned, market fundamentals will result in sustained metals and mineral prices, and any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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.
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