Princeton project
overview
29 mineral tenures comprising of 28,560 hectares
- The Project is located within a well established, well mineralized belt, within well documented “elephant country” suggesting that the project is interpreted to have significant potential for discovery of another Copper-Gold ± Silver porphyry deposit
- The predominant feature of interest is a large, high intensity magnetic anomaly comparable to the magnetic anomaly associated with the Copper Mountain Mine area, located approximately 10 km east
- Regionally, The Project lies within a very well documented, well established porphyry belt extending north from Copper Mountain, through the Iron Mask Batholith, Woodjam, Gibraltar, Mount Polley, Mt. Milligan and the Kemess North/South deposits to the Loraine deposit.
- The Project is located in a low-risk jurisdiction, having high standards for environmental stewardship and community engagement.
location
- The Project is located in south-central BC, west and southwest of Princeton, east of Hope, and approximately 400 km east of Vancouver.
- Numerous logging roads throughout The Project provide an excellent infrastructure with which to undertake continued exploration and evaluation of the project, year round.
- The Project is almost completely surrounded by competitor’s properties, located approximately 5 km west of Sego Resources’ Miner Mountain Property, 12 km south-southwest of Kodiak Copper’s MPD Project, 25 km south-southeast of Westhaven Resources’ Shovelnose Project and immediately east of the Whipsaw Porphyry. The core of The Project is located approximately 10 km west of Copper Mountain Mining Corporation’s Copper Mountain Mine
previous work
- Exploration and evaluation of the area covered by the current Princeton Project by previous operators include several extensive exploration programs including an airborne geophysical survey, consisting of acquisition of electromagnetic, magnetic and radiometric data over 1,533 line kilometres and covering the majority of the current property. The survey was interpreted to have detected numerous anomalous features supporting alkalic porphyry-style mineralization. Extensive geochemical rock, soil and stream sediment surveys have also been completed, returning anomalous results supporting interpretation of underlying mineralized systems in many separate and distinct areas within the project.
- Extensive geological mapping, with limited sampling, by the BC Geological Survey Branch Regional silt sampling An airborne geophysical (gravity) survey
copper mountain mine
- Copper Mountain Mines has entered into a definitive agreement with Hudbay Minerals, where Hudbay Minerals will acquire all of the issued and outstanding common shares of Copper Mountain Mining, which indicates that there is there could be significant copper-gold deposit at the Princeton Project
- Creates 150,000-tonnes-per-year copper producer with long-life mines and a world-class pipeline of organic copper growth projects
- The Copper Mountain Mine is located roughly 20 km south of Princeton, BC and has a 45,000 per day plant
- A new life of mine plan to expand the mill to 65,000 tonnes per day, further increases average annual production to 138 million pounds of copper equivalent and reduces all-in costs to US$1.76 per pound of copper over the first 20 years of a 32 year mine life
adjacent properties
KODIAK COPPER’S MPD PROPERTY
- Located approximately 30 km to the Northeast of the Princeton Project
- Secured a $10.5 million investment from Teck Resources in September, 2020
- Historic drilling: 393 drill holes (50,357 m) completed since the 60’s by previous operators. Copper and gold drill-confirmed across a large area. Mineralization from surface, historic drill holes rarely tested below 200m vertical depth
- Best intercept of 535m of 0.49% copper and 0.29 g/t gold (0.76% CuEq**), including 282 m of 0.70% copper and 0.49 g/t gold (1.16% CuEq**), including 45.7 m of 1.41% copper and 1.46 g/t gold (2.75% CuEq**)
SAGO RESOURCES MINER MOUNTAIN
Historical Drilling: Sego optioned property in 2007 and discovered & drilled the Cuba zone to include;
0.95% Cu & 0.55 g/t Au/100 m: DDH 21
0.41% Cu & 0.12 g/t Au/52.5 m: DDH 04
SEGO Resources intersects 0.95 g/t Gold over 80 m from the first drill hole (DDH 59) of their 2022 drill program in the Southern Gold Zone (June, 2022)
SEGO RESOURCES INTERSECTS 74.5 m of 0.79 g/t GOLD and 80.5 m of 0.69 g/t GOLD INCLUDING 17.9 M OF 1.27 g/t and 0.11% COPPER TO EXPAND THE SOUTHERN GOLD ZONE AT MINER MOUNTAIN PROJECT (January, 2022)
Maps
Click to enlarge the maps
