Firesteel grab samples 8.2% Cu at Copper Creek
Firesteel grab samples 8.2% Cu at Copper Creek
2012-01-30 10:04 ET - News Release
Mr. Michael Hepworth reports
FIRESTEEL ENCOUNTERS GRAB SAMPLES AS HIGH AS 8.2% CU ON COPPER CREEK PROPERTY IN NORTH WESTERN BRITISH COLUMBIA
Firesteel Resources Inc. today received results from the 2011 summer exploration programs on its flagship Copper Creek property.
During September, 2011, UTM Exploration Services Ltd. of Smithers, B.C., conducted a short exploration program on the Copper Creek property. The focus of the program was to follow up the numerous coincident and anomalous data layers that define the Dick Creek zone.
Geophysical chargeability, resistivity and total field magnetics, coupled with geochemical soil contours, historical sampling and mapping, trenching, and drilling, have all indicated that the Dick Creek zone has the potential to be larger in size than indicated by subsurface drilling and trenching.
The design of the 2011 program was to expand the existing geological knowledge by focusing on these anomalous areas with an emphasis on structures that have been interpreted through the geophysical images. In many areas on the property, overburden has limited the existing geological picture to date; however, the 2011 program was successful in identifying additional monzonitic outcrop to the west of the Dick Creek area, as well as taking rock grab samples with significant copper assays: 2.75 per cent Cu, 3.28 per cent Cu, 3.83 per cent Cu, 8.22 per cent and a boulder sample assaying 17.2 per cent Cu.
"The good grades of copper found in a large number of the grab samples taken from the Copper Creek property confirm that the Dick Creek corridor contains an area highly anomalous in copper. Next season we will continue mapping and sampling in order to identify targets for further diamond drilling," said Michael Hepworth, interim president and chief executive officer for Firesteel.
The distribution of these grab samples, as well as the location of the boulder sample, are all from an area along the western flank of the known Dick Creek anomalous corridor identified by past drilling.
All of the samples taken were of monzonitic origin, suggesting that the potential for additional and continued subsurface mineralization to the west of the Dick Creek area is promising.
In total, 96 outcrop and boulder samples and two soil samples were collected.
Historical copper grades of the Dick Creek area, identified through drilling, surface samples and trenching, have been significant. The 2011 program has identified and suggested that these historical grades continue to the west beyond the known envelope of mineralization known as the Dick Creek zone.
The table illustrates the significant assays from the 2011 Copper Creek program.
COPPER CREEK -- SIGNIFICANT RESULTS Sample Ag Au Cu CuNo. (ppm) (ppb) (ppm) (%)E5216718 0.84 125 82200 8.22E5216719 0.54 207 32800 3.28E5216736 1.55 371 970 0.10E5216743 0.8 100 7730 0.77E5216749 1.67 134 172000 17.2E5216751 1.27 225 2670 0.27E5216752 0.83 220 3940 0.39E5216755 0.61 188 13100 1.31E5216759 0.13 21 9808 0.98E5216764 2.45 155 11200 1.12E5216769 0.4 92 38300 3.83E5216771 1.32 734 23300 2.33E5216772 0.31 83 18600 1.86E5216786 2.13 232 4370 0.44E5216803 1.58 180 12800 1.28E5216807 0.26 114 1110 0.11E5216808 0.74 177 1310 0.13E5216811 4.69 495 27500 2.75
Grab samples are selective by nature and are unlikely to represent average grades of the deposit.
Further recommendations for the Copper Creek property have been proposed to the company and include continued detailed mapping, trenching, soil sampling and drilling of the Dick Creek zone. Additional recommendations outside of this anomalous region include mapping, soil sampling and drilling of the Copper Creek zone, with initial focus on the mapping of possible structures that may be controlling mineralization in the area of the two historically identified anomalous zones.
Anastasia Ledwon, PGeo, with UTM Exploration Services, a qualified person under National Instrument 43-101, supervised the projects and has reviewed and approved the technical content described in this news release, except for historical information on the Poker property. Ms. Ledwon is a consulting geologist for and is independent of Firesteel.
Copper Creek property
The Copper Creek is located approximately 50 kilometres northwest of Telegraph Creek, B.C., and consists of 19 claims in a block covering approximately 6,800 contiguous hectares and containing five alkalic porphyry copper-gold targets in the resource-rich Stikine arch area of northwestern B.C.
We seek Safe Harbor.