- Coast Copper Corp. (TSXV:COCO) has made a new high-grade gold discovery at its Empire Mine Property in British Columbia
- The Vancouver-based company discovered the B3 mineral showing during its summer 2023 exploration field program
- Soil sampling around the B3 showing has outlined an area with gold-in-soil values of more than 80 parts per billion (ppb).
- Coast Copper Corp. opened trading at $0.040 per share
Coast Copper Corp. (TSXV:COCO) has made a new high-grade gold discovery at its Empire Mine Property in British Columbia.
The Vancouver-based company discovered the B3 mineral showing during its summer 2023 exploration field program.
Sixty-seven soil samples were taken around the B3 showing with two rock and four chip samples taken from the B3 outcrop itself. Soil sampling around the B3 showing has outlined a 100-metre-by-150-metre area with gold-in-soil values of more than 80 parts per billion (ppb).
Additional highlights of soil sampling taken around the B3 area include 3,931 ppb Au and 1,410 ppb tellurium (Te) in sample MWS2023-018 and 2,518 ppb gold (Au) and 740 ppb Te in sample MWS2023-094.
Highlights of soil samples taken between the Bluebird 2 showing and the new B3 discovery include 2,194 ppb Au and 1,340 ppb Te in sample MWS2023-042.
Rock sampling at the B3 outcrop returned results up to 51.60 grams per tonne (g/t) Au, 30.66 g/t Te, 0.25 per cent cobalt (Co) and 50.52 g/t silver (Ag).
The company noted that limited exploration had been given to areas outside of massive iron and copper sulphides.
Coast Copper’s CEO, Adam Travis, said in a news release that several areas of interest were noted to potentially expand the property’s mineral resource estimate (MRE).
“The new B3 discovery as well as the waste dump were not included in the potential expansion but going forward will be included as areas that could potentially add additional resources to the 2023 MRE,” Travis said in a statement. “While on site, we also field-checked and confirmed the proposed drill locations for the next drill program. These drill locations are mostly located within areas which could potentially double the 2023 MRE, as well as a few additional exploration holes proposed in new areas.”
Coast Copper’s exploration focus is the optioned Empire Mine property, on northern Vancouver Island, B.C., which covers three historical open pit mines and two past-producing underground mines that yielded iron, copper, gold and silver. The miner’s other properties include its 100 per cent owned Knob Hill NW property, also on northern Vancouver Island, its Home Brew property in central B.C., and its Scottie West property in northern B.C.’s “Golden Triangle.”
Coast Copper Corp. opened trading at $0.040 per share.
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