2015 Drill Results From IKE Copper-Molybdenum-Silver Discovery
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- Category: Molybdenum's News
- Published on 11 December 2015
- Written by yiping
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One famous metal company （the company）is pleased to announce that results from the 2015 drill program and other completed field surveys, confirm the growing importance of the IKE copper-molybdenum-silver porphyry discovery and potential of the adjacent district. And the other company also funded the work programs at IKE in 2015, and can earn up to a 50% interest in the project through a staged funding process that includes the completion of a Feasibility Study. IKE is located 45 kilometres northwest of Gold Bridge, in south-central British Columbia ("BC") near the heartland of BC's producing porphyry copper mines.
The results have been received from the nine hole, 5,028 metre, diamond drill program completed at IKE this year. These holes (numbered 15010 through 15018) and the nine holes (14001 through 14009) totaling 5,409 metres completed in 2014, have all intersected varying amounts of chalcopyrite and molybdenite mineralization over an increasingly broad area, now measuring 1,200 metres east-west by 1,000 metres north-south and extending to depths of over 500 metres. Copper equivalent grades returned over long continuous drill intercepts continue to compare favourably to the range of copper equivalent grades for mineral resources and mineral reserves at active BC porphyry copper (± molybdenum ± gold ± silver) mines. Mineralization encountered by the drilling at IKE remains open to expansion in all lateral directions and to depth.
The data from the company 18 drill holes combined with results from geological, geochemical and geophysical surveys completed outwards from the area drilled indicate the presence of an important porphyry-style copper-molybdenum-silver deposit. The IKE discovery, together with the surrounding district of additional prospective porphyry copper (±molybdenum±silver±gold) targets that remain to be drill tested, have the potential to possess the grades and resources necessary to develop into an important mining camp. In addition to the main IKE mineral property, the company has secured extensive mineral claims in the region to cover these compelling deposit targets, as well as potential infrastructure sites.
Highlights from the 2015 drill program include:
124 metres of 0.45% CuEQ1 @ 0.34% Cu, 0.022% Mo and 3.2 g/t Ag
214 metres of 0.37% CuEQ @ 0.26% Cu, 0.023% Mo and 2.2 g/t Ag
592 metres of 0.44% CuEQ @ 0.30% Cu, 0.032% Mo and 2.1 g/t Ag
86 metres of 0.47% CuEQ @ 0.33% Cu, 0.032% Mo and 2.2 g/t Ag
111 metres of 0.36% CuEQ @ 0.30% Cu, 0.010% Mo and 2.3 g/t Ag
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