|By Marketwired .||
|July 3, 2014 09:02 AM EDT||
LONGUEUIL, QUEBEC -- (Marketwired) -- 07/03/14 -- Highland Copper Company Inc. (TSX VENTURE: HI) ("Highland" or the "Company") is pleased to report the results from an initial exploration program conducted at the White Pine North Project located in the Upper Peninsula of Michigan, an area which has historically been one of the most important copper producing regions in the United States. Figure 1 shows the projects in which Highland has an interest.
Highland has recently completed the interim closing of the acquisition of the White Pine copper project from Copper Range Company ("CRC"). The production at the former White Pine mine from 1952 to 1995 was 198,070,985 short tons averaging 1.14% copper, for approximately 4.5 billion pounds of copper. Mining ceased at White Pine in 1995 due largely to depressed copper prices, although significant amounts of mineralization remained, particularly to the north of the former mine ("White Pine North"). In 1995, CRC completed an estimate of resources at White Pine North based on 526 diamond drill holes. Highland's exploration efforts are focused on that area, with the objective of completing a National Instrument 43-101 compliant resource estimate in 2014.
White Pine North: Results from the 2014 Phase 1 In-Fill Drilling Program
During March and April 2014, Highland completed nine diamond drill holes totaling 8,853 meters using HQ core size at White Pine North (Figure 2). Three holes were cased for re-entry during the winter of 2015 because of spring melting. Highland also completed eleven wedges from eight holes to obtain approximately 435 kg of mineralized samples for metallurgical testing. Nine of the 12 holes were drilled vertically and core recoveries averaged over 99 percent. Highland had designed its 2014 winter drilling program both to in-fill the historical drill grid and to expand the historical mineral resource area. The results from this first phase in-fill drilling program are consistent with results from previous CRC drill programs and confirmed copper- silver mineralization from adjacent historical drill holes.
Analytical results for the mineralized zones from the 2014 drilling program are summarized in Table 1.
Table 1. Drill hole intersections from the White Pine North Project
True Mineralized From To Length Thickness Cu Ag Hole# Unit (m) (m) (m) (m) % ppm WP528 Upper Shale 603.125 604.940 1.82 1.82 1.01 5.7 Parting Shale 607.405 609.690 2.29 2.29 1.31 30.1 WP531 Upper Shale 547.033 548.895 1.86 1.86 1.18 7.2 Parting Shale 550.516 552.370 1.85 1.85 1.22 72.3 WP532 Upper Shale 866.085 868.385 2.30 2.30 1.05 5.9 Parting Shale 870.445 872.235 1.79 1.79 0.88 10.0 WP533 Upper Shale 901.015 902.980 1.97 1.97 1.04 7.3 Parting Shale 905.137 906.950 1.81 1.81 1.37 17.9 WP534 Upper Shale 791.560 793.975 2.42 2.09 1.30 8.12 Parting Shale 796.660 799.420 2.76 2.39 0.99 7.67 WP535 Upper Shale 179.565 180.875 1.31 1.31 1.11 8.5 Parting Shale 183.595 185.540 1.94 1.94 1.17 34.5 WP536 Upper Shale 928.370 929.705 1.34 1.34 0.88 3.90 Parting Shale 931.840 934.475 2.63 2.63 1.03 13.31 WP537 Upper Shale 328.640 329.690 1.05 1.05 0.90 6.1 Parting Shale 333.035 335.080 2.04 2.04 0.89 7.8 WP538 Upper Shale 813.010 814.776 1.77 1.77 0.68 4.34 Parting Shale 817.770 819.585 1.82 1.82 1.10 2.20 WP539 Upper Shale 991.485 993.655 2.17 2.06 0.23 3.65 Parting Shale 996.035 999.380 3.35 3.18 1.21 13.16 WP540 Upper Shale 886.897 888.365 1.47 1.46 1.31 9.68 Parting Shale 890.620 892.488 1.87 1.85 1.10 25.71 WP541 Upper Shale 876.330 877.770 1.44 1.43 1.16 9.09 Parting Shale 880.345 882.195 1.85 1.84 1.14 29.07
"Parting Shale" is an assemblage of five mineralized stratigraphic units at the base of the Nonesuch Formation. The Upper Shale consists of a similar assemblage of four mineralized units about 1.2 meters above the Parting Shale.
Activation Laboratories in Thunder Bay, Ontario, Canada (IOS 17025 accreditation), assayed all samples using an ICP method tailored for the project samples, followed by a metallic procedure for samples containing at least 0.1% Cu. Highland applied industry standard QA/QC protocols to all steps of the drilling program.
White Pine North: Validation of Historical Drilling Data
In January 2014, Highland initiated an analytical program to validate historical assay results from 51 diamond drill holes completed by CRC in the White Pine North deposit. Thirty-six of these holes were drilled between 1958 and 1980 with both BQ and AQ core, while the other 15 holes were drilled in 1994 and 1995 with NQ core.
Highland's validation program used a 1/4 cut of the original whole core from 883 historic sample intervals. This resampling duplicated the exact interval previously sampled and assayed in the historical programs. The remaining 1/4 of the original core was retained as reference material. The validation analytical technique used both a screen metallic assay method and a 2.5-gram digestion ICP assay method to determine total copper and results from both methods were in good agreement. The location of the validated historical drill holes is shown on Figure 2.
The results from this validation program are shown graphically on Figure 3. Highland considers the correlation between the historical and validation assays to be excellent, showing no bias between the two groups of assays. Highland plans to use the sample values from the original program for a future resource estimate at White Pine North.
Plans Going Forward
Highland plans to complete a second phase drilling program by boring ten drill holes totaling approximately 6,100 m, during the summer and fall of 2014. These drill holes will focus on the higher-grade central portion of the deposit.
Highland has retained G Mining Services Inc. to carry out a number of technical studies including metallurgy, infrastructure requirements and mining methods that are intended to be used in a future prefeasibility study. The Company has also retained the services of Golder Associates to initiate hydrological studies of the area overlaying the White Pine North deposit.
The technical information contained in this news release has been approved by Carlos Bertoni, P.Geo. Highland's Project Manager. Mr. Bertoni is a qualified person as defined in NI 43-101.
Highland Copper Company Inc. is a Canadian exploration company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. For more information about the White Pine project refer to the "Technical Report on the White Pine Copper Property, White Pine, Michigan, USA" dated as of February 10, 2014 and filed on SEDAR (www.sedar.com) on April 3, 2014. Highland has approximately $3.2 million in cash at June 30, 2014 and has 96,966,745 issued and outstanding common shares listed on the TSXV under the symbol 'HI'. Additional information about Highland is available on the Company's website at www.highlandcopper.com and on SEDAR at www.sedar.com.
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include without limitation: the Company's plans and objectives to complete a current mineral resource and expand the historical estimate at White Pine North; statements about completing studies for a prefeasibility studies; the long-term potential of Highland's project; and other statements and information regarding anticipated results regarding the Company's operations and exploration. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Actual results may be materially different from those currently anticipated. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements. Such risks include, but are not limited to: the Company being unable to satisfy the remaining conditions to complete the final closing of the White Pine acquisition; further drilling will be required to confirm and expand the historical estimate as a current mineral resource, and there is no certainty that this can be accomplished; the availability of additional funds to complete the Company's planned exploration and development programs; mining risks; risks associated with governmental and environmental regulation and obtaining all the necessary permits for the development of the project; and risks associated with global economic growth. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
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.
Figure 1, Figure 2 and Figure 3 are available at this address : http://media3.marketwire.com/docs/955650e_Figures.pdf
In his session at DevOps Summit, Bryan Cantrill, CTO at Joyent, will demonstrate a third path: containers on multi-tenant bare metal that maximizes performance, security, and networking connectivity.
Oct. 9, 2015 10:00 AM EDT Reads: 152
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Oct. 9, 2015 10:00 AM EDT Reads: 286
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Oct. 9, 2015 10:00 AM EDT Reads: 147
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
Oct. 9, 2015 10:00 AM EDT Reads: 769
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction....
Oct. 9, 2015 10:00 AM EDT Reads: 229
The last decade was about virtual machines, but the next one is about containers. Containers enable a service to run on any host at any time. Traditional tools are starting to show cracks because they were not designed for this level of application portability. Now is the time to look at new ways to deploy and manage applications at scale. In his session at @DevOpsSummit, Brian “Redbeard” Harrington, a principal architect at CoreOS, will examine how CoreOS helps teams run in production. Attende...
Oct. 9, 2015 10:00 AM EDT Reads: 1,257
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult - let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and li...
Oct. 9, 2015 10:00 AM EDT Reads: 223
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Oct. 9, 2015 10:00 AM EDT Reads: 215
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, al...
Oct. 9, 2015 10:00 AM EDT Reads: 169
In their session at DevOps Summit, Asaf Yigal, co-founder and the VP of Product at Logz.io, and Tomer Levy, co-founder and CEO of Logz.io, will explore the entire process that they have undergone – through research, benchmarking, implementation, optimization, and customer success – in developing a processing engine that can handle petabytes of data. They will also discuss the requirements of such an engine in terms of scalability, resilience, security, and availability along with how the archi...
Oct. 9, 2015 10:00 AM EDT Reads: 402
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 17th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity
Oct. 9, 2015 10:00 AM EDT Reads: 486
Docker is hot. However, as Docker container use spreads into more mature production pipelines, there can be issues about control of Docker images to ensure they are production-ready. Is a promotion-based model appropriate to control and track the flow of Docker images from development to production? In his session at DevOps Summit, Fred Simon, Co-founder and Chief Architect of JFrog, will demonstrate how to implement a promotion model for Docker images using a binary repository, and then show h...
Oct. 9, 2015 09:45 AM EDT Reads: 106
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Oct. 9, 2015 09:45 AM EDT Reads: 108
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
Oct. 9, 2015 09:45 AM EDT
SYS-CON Events announced today that Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, will keynote at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 9, 2015 09:35 AM EDT