RE:Drilling Hits 7% Copper as Summer Drilling Season StartsAssays confirm new zone of thick, near-surface high-grade copper at Storm Copper Project, Canada
Grades of more than 7% Cu in recent drilling of The Gap; circa 20,000m summer drilling program underway
• Drill hole SR24-03 at the underexplored Gap prospect has intersected:
o 20m @ 2.3% Cu from 38m downhole, including,
8m @ 5.3% Cu from 39m downhole, including,
• 3m @ 7% Cu from 41m downhole
• SR24-03 was drilled to test an electromagnetic (EM) anomaly, once again demonstrating the strong correlation between EM targets and very high-grade copper sulphide mineralisation
• A further 10 EM anomalies have already been identified by the 2024 EM program with deep penetrating, high-resolution EM surveys planned to recommence this month around the existing Storm deposits as well as the regional Tornado, Blizzard, and Tempest areas
• The summer drilling program is now underway with approximately 20,000m of drilling planned – initially using two Reverse Circulation (RC) rigs and one diamond drilling rig – to target:
o Resource definition at the Thunder high-grade discovery where drilling during 2023 intersected 48.6m @ 3% Cu from 32.4m (ST23-03)
o Resource definition and extension at the Cyclone (12.1Mt @ 1.2% Cu, 3.8g/t Ag) and Chinook (2.2Mt @ 1.5% Cu, 4g/t Ag) Deposits
o Shallow, high-priority EM targets within the Storm area o Large-scale copper targets below the Cyclone Deposit where drilling during 2023 discovered high-grade copper sulphides up to 2.7% Cu at approximately 300m vertical depth (ST23-02)
o Bulk sampling for prefeasibility-level processing and development studies
• Sealift to Storm locked-in for September 2024 with fuel and other drilling supplies as well as heavy mechanised equipment for the 2025 season already delivered to port in Montreal and ready for shipping to Storm