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Copper Mountain Mining Corporation T.CUM


Primary Symbol: CPPMF

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia.


OTCPK:CPPMF - Post by User

Post by 666999on Jan 13, 2022 5:11am
913 Views
Post# 34311425

New Ingerbelle

New IngerbelleIn the section below are highlights from the ongoing drill program. Hole 21IG-01 returned 185 metres of 0.44% CuEq (0.33% Cu, 0.18 g/t Au, 0.41 g/t Ag). Includes: 70 metres of 0.60% CuEq (0.45% Cu, 0.26 g/t Au, 0.46 g/t Ag). Hole 21IG-02 returned 146 metres of 0.42% CuEq (0.33% Cu, 0.14 g/t Au, 0.52 g/t Ag). Hole 21IG-04 returned 234 metres of 0.48% CuEq (0.33% Cu, 0.25 g/t Au, 0.73 g/t Ag). Hole 21IG-05 returned 127 metres of 0.42% CuEq (0.31% Cu, 0.19 g/t Au, 0.54 g/t Ag). Hole 21IG-06 returned 228 metres of 0.46% CuEq (0.34% Cu, 0.20 g/t Au, 0.68 g/t Ag). Includes: 111 metres of 0.62% CuEq (0.46% Cu, 0.25 g/t Au, 0.90 g/t Ag). Hole 21IG-11 returned 261 metres of 0.61% CuEq (0.48% Cu, 0.21 g/t Au, 0.45 g/t Ag). Hole 21IG-12 returned 359 metres of 0.41% CuEq (0.33% Cu, 0.14 g/t Au, 0.96 g/t Ag). Includes: 80 metres of 0.67% CuEq (0.51% Cu, 0.25 g/t Au, 1.52 g/t Ag). Hole 21IG-16 returned 186 metres of 0.67% CuEq (0.52% Cu, 0.25 g/t Au, 0.69 g/t Ag). Hold 21IG-18 returned 105 metres of 0.50% CuEq (0.40% Cu, 0.17 g/t Au, 0.44 g/t Ag). These results confirm our view on New Ingerbelle that there is huge reserve growth potential, commented Gil Clausen , Copper Mountains President and CEO. The deposit continues to get bigger and better with drilling. We have already doubled the depth of the mineralization and extended it along strike, yet the deposit remains open. The results validate our belief that there is a high potential to substantially increase the Mineral Resources and Mineral Reserves at our BC operation. More drilling remains to be done at New Ingerbelle, the north pit, and the main pit, and the Company plans to continue to drill for the remainder of this year and into 2022. The Company is continuing to drill at New Ingerbelle to define the vertical and lateral extents of the deposit and infill for resource estimation purposes. Copper Mountain aims to add two more drill rigs in the third quarter of 2021 with plans to continue drilling into 2022. The Company plans to incorporate the results of the 2021 drilling into its year-end Mineral Reserves and Mineral Resources update, which will be published in the first quarter of 2022. The Company expects to produce a new Life of Mine Plan for publication in the second quarter of 2022, which will incorporate an updated Mineral Reserves and Mineral Resources estimate based on the complete drill program.
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