Announcement • Jul 03
Oreterra Metals Corp. Mobilizes Geological Staff to Trek South Copper-Gold Prospect and Prepares for Maiden Drill Program
Oreterra Metals Corp. reported that its geological team has mobilized to Bronson Camp, in the vicinity of the Company's new, large scale Trek South porphyry copper-gold prospect. The Trek South target has only recently been revealed by glacial ice melt, and is located adjacent to the giant Teck-Newmont Galore Creek deposits in BC's Golden Triangle. From Bronson Camp initial preparations are being made for the establishment of a drill camp at Trek South proper, with camp build commencing on July 16th and drilling anticipated to get underway with two drills at approximately month's end. The summer work program will also aim to advance several other promising porphyry copper-gold and Eskay Creek-type VMS targets in the Trek-Galore Creek area. The porphyry copper-gold deposits that Oreterra is targeting in the Golden Triangle typically occur in clusters. At the Trek project, there is not only the new Trek South prospect and the known porphyry zone at nearby Trek North, but several underexplored prospects nearby that will also be advanced from the base at Trek South. In addition to the first ever drill program on the 1.6 km wide porphyry target at Trek South, defined by an intense, large-scale induced polarization chargeability high, a coincident magnetic high, a coincident magneto-telluric anomaly, broad exposures of porphyry-type alteration, veining, visible copper mineralization and values of copper, gold, silver and other elements, several underexplored nearby prospects will also be evaluated. These include the Tundra Zone porphyry target, located 1 km west of Trek South, the Tomb Zone porphyry target, located 1.3 km north of Trek South, and the Toe Zone Eskay Creek style VMS target, located 600 metres west of Trek South. The JW claim is located just 6 km northwest of the >1 billion tonne Galore Creek deposits currently undergoing pre-feasibility studies by a Teck-Newmont JV. In August a contract geological crew will undertake an 8-10 day mapping and sampling program across the target area. Work by the Company on the Red Line claims in 2023, located southeast of Trek, led to the discovery of a previously undocumented syenite pluton closely resembling key intrusives at the Galore Creek and Burgundy Ridge porphyry deposits. Mapping and sampling work planned for this field season will be the first thorough examination of this intriguing target. Following a highly successful $9.7 million financing closed earlier in the year, a maiden two-phase, approximately 10,000 metre drill program at Trek South is now fully funded, for execution commencing July 16, 2026. Drilling will test the 1.6 km wide zone of porphyry-style alteration, mineralization, metal values, and underlying coincident strong IP, MT and magnetic anomalies present at Trek South. In addition, the first significant exploration work since 2007 is now planned for Oreterra's JW porphyry prospect, located 6 km northwest of Galore Creek. Additional wholly-owned interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Cu-Ag workings over what is believed to be one or more porphyry centres, and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer. The Company also holds a 100% interest in the large-scale Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections. Oreterra also retains an ongoing interest in several properties including a 2% NSR on McEwen Mining's Hislop gold property in Ontario and a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC.
