Welcome!

News Feed Item

Highland Provides Exploration Update from the White Pine North Project, Michigan

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.

Qualified Person

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.

ABOUT HIGHLAND

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.

CAUTIONARY STATEMENT

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

Contacts:
David Fennell, Executive Chairman
+1.450.677.2455

James Crombie, Interim President
+1.450.677.2455
[email protected]
www.highlandcopper.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...