공시 • Jun 11
NovaRed Mining Inc. Provides Summary of Results for Wilmac Copper-Gold Project
NovaRed Mining Inc. provided a summary of recent reported results relating to the Wilmac Copper-Gold Project. The Project comprises 16,078 hectares of mineral tenures located within the Quesnel porphyry belt in the Similkameen Mining Division of British Columbia, southwest of Princeton, and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain Mine. The Project is situated in a well-documented copper-gold porphyry belt and is located proximal to an actively producing copper mine, with ore produced from multiple copper-gold alkalic porphyry deposits comprising the mine. Evidence in support of a potential intrusive complex has been identified in outcrop (i.e., the North Lamont Grid), in drill core (i.e., the Trojan Condor Corridor) and in geophysical survey results (i.e., the Lamont and Wilmac surveys). The interpreted intrusive complex includes, but is not limited to, ultramafic (i.e., pyroxenite, hornblendite), mafic (i.e., gabbro) and intermediate (i.e., diorite) intrusive phases and is, therefore, a multi-phase intrusive complex. Analytical results from multiple soil sampling programs across the Property document anomalous to highly anomalous copper results (indicating potential for underlying copper-bearing mineralization) as well as elevated Sr/Y (indicating one or more favourable "fertile" or "wet" magmas) and V/Sc ratios (indicating magmas transitional between reduced and more favourable oxidized magmas). In particular, a spatial association between groups and clusters of anomalous copper-bearing soils and intense magnetic anomalies is interpreted to indicate targeting intense magnetic highs may present an optimal method for identifying potentially copper-bearing deposits. Anomalous copper-in-soil anomalies are supported by a more limited set of analyses from rock samples, documenting several areas having anomalous copper values (i.e., the Trojan and Wilmac MINFILE occurrences). The best mineralisation identified to date from the Project was returned from the Wilmac MINFILE area in 2023. Copper results are anomalous and very encouraging, ranging from a lower cut-off of 200 ppm to two values in excess of 1% (1.235% and 1.670%). The average of nine samples was 6,390 ppm, or 0.639%, copper. Samples were taken from within, and immediately adjacent to, a series of three northwest - southeast oriented trenches excavated in predominantly coarse-grained to pegmatitic hornblendite. Piles of excavated material at the southeast end of the middle and western trenches have abundant epidote altered and chalcopyrite mineralized material. Epidote alteration is present as selective replacement of primary phenocrysts, patchy alteration of the matrix and as epidote veins. Sulphides are present as both pyrite and, to a slightly lesser degree, chalcopyrite, predominantly hosted within quartz-carbonate veins and weakly to moderately developed stockworks. Several instances of possible AB porphyry-style veins (quartz-carbonate veins having sulphide cores) were noted. To date, there are three high priority areas for subsequent diamond drilling. In order of priority, they are the Wilmac, the Lamont /North Lamont, and the Trojan-Condor Corridor areas. A limited drill program was completed by a previous operator on the Trojan-Condor Corridor claims in 2014. Four drill holes (labelled WS14-001 to WS14-004) totalling approximately 728 metres were completed. The relatively shallow holes (between 135 and 215 metres deep) targeted copper showings and IP chargeability anomalies identified by the 2011 survey. Although results were modest, they are interpreted to document a classic copper-gold Alkalic Porphyry signature: epidote-carbonate-quartz veinlets, thin stockworks with pyrite ± trace chalcopyrite, and patchy to locally pervasive epidote and sericite alteration. The holes are interpreted to have been collared above a large hydrothermal system associated with multiple copper-bearing porphyry centres. Driving the interpreted hydrothermal system is a buried intrusive complex having porphyry-style alteration, porphyry-style networks of sulphide veins, and porphyry-style intervals of copper mineralization. In addition, evidence of faulting and the presence of younger Princeton Group cover rocks are interpreted to have obscured deeper, potentially better-mineralized portions of the hydrothermal system to the east. Re-examination and further sampling of the 2014 drill core in 2024 returned additional valuable information and quantitative analytical results, as follows: weakly to, very locally, moderately well developed, vein stringers and stockworks (=0.5 metres), interpreted to be consistent with porphyry-style mineralization; intervals consisting of porphyry-style mineralization (i.e., thick, vein-controlled to stockwork mineralization) rather than individual narrow, vein-style mineralization; further analysis returned thicker, porphyry-style results for copper, confirming the high value of "…953 ppm copper … across 3.27 metres of diorite containing a weak quartz-carbonate-pyrite stockwork zone" with a weighted average copper grade of 1,084 ppm over 3.13 metres between 97.87 and 101.00 metres. Two additional intervals returned moderately anomalous values: (1) 262 ppm copper over 24.16 metres between 87.70 and 111.86 metres in WS14-001, and (2) 381 ppm copper over 26.83 metres between 83.00 and 111.86 metres in WS14-002.
