ArcWest Partner Wedgemount Resources Reports Initial Assay Results from Eagle Exploration Program: Samples up to 9.86 % Copper and 2.5 grams/tonne Gold
ArcWest Partner Wedgemount Resources
Reports Initial Assay Results from Eagle
Exploration Program: Samples up to 9.86 %
Copper and 2.5 grams/tonne Gold
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2021) - ArcWest Exploration Inc. (TSXV:
AWX) ("ArcWest") is pleased to announce that its partner Wedgemount Resources Corp. (CSE: WDGY)
("
Wedgemount
" or the "
Company
"), has reported initial assay results from its 2021 exploration
program at the Company's road accessible Eagle copper-gold project, located in the highly prospective
Quesnel trough copper-gold porphyry belt of central British Columbia.
Wedgemount has the right to earn
up to an 80% interest in the project as per an earn-in and joint venture agreement with ArcWest
Exploration (see ArcWest news release dated
October 5
th
, 2020
).
A technical presentation for the Eagle
project is available for download
here
.
Mark Vanry, President & CEO of Wedgemount, commented, "We are extremely excited to receive initial
assay results from the recently completed Eagle exploration program. The results confirm historical
sampling at the three main zones and extend the strike length of all three zones. We also have highly
anomalous samples from east and southeast of the Nighthawk Zone which open up new areas for further
investigation including a planned high resolution IP survey. We look forward to receipt of additional
sample results as they become available."
Jeff Kyba, Vice President Exploration of ArcWest, commented "Wedgemount is off to a positive start
and has reinforced historic high-grade copper gold tenors from across the property. We are excited for
the upcoming geophysical survey planned for August and potential follow up drill program.
We applaud
the Wedgemount team for their progress thus far."
Highlights
Assay results from over 50 rocks samples collected over a 3.5 kilometre trend have been returned.
Sampled up to
9.86 % copper, 2.5 grams per tonne (g/t) gold and 77.7 g/t silver
from the
Nighthawk zone and up to
1.63 % copper and 1.24 g/t gold
from the Vector zone.
Results demonstrate the porphyry-related, high-grade copper potential of the Nighthawk to Vector
corridor which will be the focus of further exploration.
Assay Results
Results have now been received from 51 rock samples collected during the Company's Phase 1
exploration program at the Eagle copper-gold project (see news release dated June 17
th
, 2021).
Sampling was focussed at the three main zones (e.g., Nighthawk, Vector and Mid; Figure 1) to verify
mineralization style and grade and to expand known mineralization footprints as well as other high
priority targets that display coincident soil geochemical and ground and/or airborne geophysical
anomalism. A total of 43 rock samples returned copper concentrations in excess of
1,000 ppm (0.1%
copper)
and 12 samples exceeded the level of detection for ICP analysis and were rerun using ore
grade copper analysis. These 12 samples returned results ranging from
1.26% copper to the highest
at 9.86% copper (Table 1)
.
Gold and silver results were anomalous for every anomalous copper result; averaging
0.292 g/t gold
and 8.23 g/t silver
for copper results in excess of 1,000 ppm and
0.725 g/t gold and 20.0 g/t silver
for
copper concentrations in excess of 1%. The best copper-gold-silver result was sample D702202 which
returned
9.86% copper, 2.5 g/t gold and 77.7 g/t silver
. The sample was taken from a 20 X 20 metre
gossanous outcrop bearing strong deformation and structurally controlled copper mineralization with up
to 10 % visible chalcopyrite in a weakly magnetic diorite to gabbroic intrusion. The sample is located at
the Nighthawk showing and is one of many samples collected over a 800 m
2
area, which returned highly
anomalous copper-gold values including sample D702210 (7.95 % copper and 1.59 g/t gold) and
D702206 (4.42 % copper and 1.30 g/t gold; Table 1).
Figure 1. Map showing location of 2021 grab samples and main porphyry-related copper + gold
exploration targets on the Eagle project.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2524/92145_3adf0a7514967843_001full.jpg
Table 1. Significant Results - 2021 Eagle Rock Sample
Zone
SampleID
Sample Type
Au (g/t)
Ag (g/t)
Cu (%)
Sample Comments
Nighthawk
D702202
GRAB
2.50
77.70
9.86
Gossanous 20x20m
outcrop showing
strong deformation
and structurally
controlled Cu
mineralization
Nighthawk
D702010
GRAB
1.59
32.30
7.95
Mineralized pods of
semi-massive
chalcopyrite in
chlorite-epidote
altered diorite.
Nighthawk
D702206
GRAB
1.30
17.75
4.42
Sheared quartz-
carbonate veins
within chalcopyrite-
bearing
monzodiorite.
SE of Nighthawk
D702004
GRAB
0.45
24.40
2.24
Rusty, quartz-
carbonate vein with
chalcopyrite in
potassic-altered
diorite.
Vector
D702212
GRAB
0.25
15.85
2.17
Strong magnetite-
pyrite-chalcopyrite
mineralization in
pervasive potassic-
altered
monzodiorite.
SE of Nighthawk
D702216
GRAB
0.18
19.05
2.15
Sheared, gossanous
diorite with
chalcopyrite-
malachite and
potassic alteration.
Mid
D702001
GRAB
0.03
8.06
1.91
Gossanous semi-
massive zone with
2-5% chalcopyrite
in strongly
magnetite-epidote
altered diorite.
Vector
D702009
GRAB
0.16
12.85
1.9
Main gossanous
breccia structure
hosts pods of semi-
massive magnetite
and chalcopyrite in
potassic-chlorite
altered diorite.
Vector
D702114
GRAB
1.24
10.50
1.63
Monzodiorite with
pervasive magnetite
and patchy potassic
alteration with
chalcopyrite, pyrite
and malachite.
Nighthawk
D702201
GRAB
0.48
8.54
1.53
~20x20m outcrop
showing strong
deformation and
structurally
controlled Cu
mineralization with
sulphides up to 10%
chalcopyrite hosted
in gabbro.
East of Nighthawk
D702012
GRAB
0.19
5.90
1.39
Mineralized,
brecciated calcite-
cemented shear
with lenses of
massive
chalcopyrite.
SE of Nighthawk
D702218
GRAB
0.34
7.05
1.26
Stockwork shear
bearing
chalcopyrite-
malachite-pyrite in
diorite.
2021 Exploration Program Update
The primary focus of the first phase of the 2021 exploration program was to first open old exploration
trails for improved access followed by targeted geological mapping and geochemical sampling of the
main zones of known porphyry-related copper and gold mineralization (e.g., Nighthawk, Vector and Mid).
Based on a thorough review of all compiled recent and historical exploration data, other high-priority
targets were defined and prioritised. The overall goal of the program is to improve the understanding of
mineralization and alteration styles of the main zones and to define new vectors to aid in drill hole
targeting.
Geochemical results from multiple, confirmation soil samples collected along lines over key target areas
are pending. A deep penetrating induced polarization (IP) geophysical survey is also tentatively
scheduled to commence in August followed by additional geological mapping and sampling. Based on
these new data, drill targeting will be completed and a decision will be made to commence with drill
testing.
Eagle Project
The road accessible, 2,530 hectare project is situated in the heart of BC's prolific Quesnel trough
copper-gold porphyry belt mid-way between the Mt. Milligan copper-gold mine of Centerra Gold and the
Kwanika copper-gold development project of Northwest Copper. The Property is underlain by the Late
Triassic to Early Cretaceous Hogem Intrusive Suite, a large, regional batholith comprised of alkaline and
calc-alkaline plutons that have been emplaced into the Middle Triassic to Lower Jurassic Takla Group
volcanic rocks and sedimentary sequences. Historical work from the late-1960s to the early 2000's,
including geological mapping, geophysical and geochemical surveys and limited drilling have outlined
three main porphyry-related copper-gold targets. The discrete zones identified on the Eagle property to-
date are hosted within a broad, northwest-trending, 3.5 km long structural corridor of copper-gold
mineralization and widespread anomalous copper in soils. The Eagle project is subject to an earn-in
agreement with ArcWest Exploration Inc (see AWX news release dated October 5
th
, 2020).
QA/QC
Rigorous field procedures were followed to ensure QA/QC measures, including routinely inserting
Certified Reference Materials including an appropriate copper-gold reference and a blank reference. All
samples were shipped to the ALS preparatory lab in Kamloops, BC, after which the prepared samples
were shipped to the ALS analytical lab in North Vancouver, BC for final processing.
Preparation:
The preparation of rock samples was completed whereby samples were fine crushed to
70% passing 2mm (CRU-31) followed by taking a split sample using a riffle splitter (SPL-21) followed by
pulverizing of the 250g split to 85% passing 75 microns (PUL-31).
Analysis:
geochemical analysis of all samples utilized the 4-acid digestion followed by ultra-trace 48-
element ICP-MS package (ME-MS61). The quantified multi-element concentrations are then reported by
their respective unit. The detection range for copper was 0.2-10,000 ppm. The detection range for silver
was 0.01-100 ppm. Gold was analyzed using fire assay with AA finish (Au-AA23). The detection limit for
gold was 0.005. Overlimit copper results (>10,000) were further analyzed by 4-acid ore grade detection
using ICP-AES (Cu-OG62).
ALS Labs also applied their own internal QA/QC procedures by systematically inserting standards,
blanks and duplicates into sample batches. Lab results were evaluated to ensure they passed the
internal requirements prior to release of the final test reports.
Data Verification and National Instrument 43-101 Disclosure
Some data disclosed in this news release relating to sampling and drilling results are historical in nature.
Neither the Company nor a Qualified Person, as defined by National Instrument 43-101 -
Standards of
Disclosure for Mineral Projects
("
NI 43-101
"), have verified the data, and, therefore, investors should
not place undue reliance on such data. In some cases, the data may be unverifiable due to lack of drill
core. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not
necessarily indicative of mineralization hosted on the Company's property. Grab samples are selective
in nature and the resultant assays may not be representative of all mineralization on the property. The
technical information disclosed in this news release has been reviewed and approved by Ken
MacDonald, P.Geo., a Qualified Person as defined by NI 43-101.
About ArcWest Exploration Inc.
ArcWest Exploration is a project generator focused on porphyry copper-gold exploration opportunities
throughout western North America.
The company is in possession of nine 100% owned projects
throughout BC's premier porphyry copper-gold districts.
By conducting partner funded exploration on
multiple exploration projects simultaneously, ArcWest's chances of discovery are enhanced while
exposing shareholders to minimal dilution.
The company is managed by an experienced technical team
with a track record of discovery and a reputation for attracting well-funded senior partners, including
Freeport McMoRan, Robert Friedland group companies, ITOCHU, Antofagasta and Teck.
Qualified Person
ArcWest's disclosure of a technical or scientific nature in this news release has been reviewed and
approved by Jeff Kyba, PGeo, VP Exploration, who serves as a Qualified Person under the definition of
National Instrument 43-101.
For further information please contact: Tyler Ruks, President and CEO at +1 (604) 638 3695.
Investors are cautioned that ArcWest Exploration Inc. has not verified the data from the Kwanika and
Mt. Milligan deposits. Further, the presence and style of mineralization on these properties is not
necessarily indicative of similar mineralization on the ArcWest Exploration Inc. property. Historical
assays from drill programs on its properties have not been verified by ArcWest but have been cited
from sources believed to be reliable.
This news release contains statements about ArcWest's expectations and are forward-looking in
nature. As a result, they are subject to certain risks and uncertainties. Although ArcWest believes that
the expectations reflected in these forward-looking statements are reasonable, undue reliance should
not be placed on them as actual results may differ materially from the forward-looking statements.
The
forward-looking statements contained in this news release are made as of the date hereof, and
ArcWest undertakes no obligation to update publicly or revise any forward-looking statements or
information, except as required by law.
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