Welcome!

News Feed Item

Copper North Exploration Success on Carmacks Project, Yukon

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/21/14 -- Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL) announces the resumption of exploration, and early success, on the Carmacks Project in north central Yukon. The exploration is focused on extending the known mineral resources in an effort to expand the current measured and indicated mineral resources, as a first step in increasing potential mine life. Following a review of historic data at Carmacks, two areas were selected as having potential for a significant increase of mineral resources. Initial trenching of the Zone 2 target has been very successful.

Previous exploration on the Carmacks property defined 16 mineral zones. A review of these zones and other anomalies identified two prime targets for the initial focus of resource expansion. Trenching commenced August 11 in the Zone 2 target area and has expanded the area of known copper oxide resources. Oxide copper mineralization is readily visible as the copper carbonate minerals malachite and azurite are distinctive green and blue in color.

Zone 2 Extension

The Zone 2 area is located approximately 2,500 metres to the north of the north end of Zone 1: the proposed open pit area. The northerly trending mineralization of Zone1 appears to be offset on a cross fault. If the sense of movement on the cross-fault is right lateral, the Zone 2 area may represent the continuation of the Zone 1 structural trend; if this interpretation is correct, it opens up a 2,500 metre long target (see www.coppernorthmining.com for location maps of the target areas for exploration).

Initial trenching has extended to the southeast, the known extent of mineralization from 100 metres to 500 metres. The oxide copper mineralization has been observed in five trenches. The full width of the mineralization is not yet determined due to permafrost restrictions. The discovery trenches will be extended as the permafrost melts with removal of the cover materials. Trenching is continuing in this area as the zone is open to the southwest; and to the northwest of the discovery trench area where the mineralized structure has been offset by a fault that has now been identified in a new trench.

Both Zone 1 and 2 were discovered by prospecting in 1971. Little work was done on Zone 2 following geochemical and geophysical surveys, and trenching. Evaluation of a trench on the Zone 2 discovery outcrop indicates a south easterly trend steep dipping mineralized structure. Historic sampling of the discovery trench returned 1.0% copper over 45.7 metres within the sheared granite that hosts almost all mineralization at Carmacks.

Geophysical Surveys and Definition Drilling

Three lines of induced polarization geophysics were completed south of the Zone 2 discovery area in 2007. The geophysics defined multiple sub-parallel zones of increased chargeability and low resistivity, characteristic of the sulphide and oxide mineralization in other zones. The Zone 2 showing and three geophysical lines define a southeast trending target.

Geophysical survey work is planned to the southeast of the Zone 2 discovery area to provide a better understanding of the approximate remaining 2000 metres of strike length to the interpreted cross-fault that is thought to offset the Zone 1 mineralization. It is also planned to complete several lines of geophysical survey to fill in gaps between previous geophysical data in the gap between Zone 1 and the 2000S zone.

Dr. Harlan Meade, President and CEO states: "The early success of the exploration work is very encouraging and is defining attractive drill targets. The Company is considering a drill program to commence in September to define new mineral resources. The expansion of oxide mineral resources would be a very positive development in the re-engineering of the Carmacks Project."

Dr. Harlan Meade, P,Geo., is a qualified Person as defined under National Instrument 43-101 standards, and has prepared and is responsible for the contents of this news release.

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. Copper North's assets include the Carmacks Project located in the Yukon, the Thor property in British Columbia, and the Redstone property located in the Northwest Territories. 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 results from previous exploration on the Carmacks Project; proposed exploration plans, their timing and results achieved from such activity; the potential for expanding the known mineral resources; development, engineering and permitting activities, and their timing; and future economic operating results. 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 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 proposed exploration and development of the Carmacks Project will proceed as planned; early exploration success will increase mineral resources; 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.

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
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackIQ...
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
FinTech is the sum of financial and technology, and it’s one of the fastest growing tech industries. Total global investments in FinTech almost reached $50 billion last year, but there is still a great deal of confusion over what it is and what it means – especially as it applies to retirement. Building financial startups is not simple, but with the right team, technology and an innovative approach it can be an extremely interesting domain to disrupt. FinTech heralds a financial revolution that...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq is one of the top 10 Platinum Atlassian Experts who specialize in DevOps, custom and continuous integration, automation, plugin development, and consulting for midsize and global firms. Addteq firmly believes that automation is essential for successful software releases. Addteq centers its products an...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).