Carube Copper Intersects Wide Zones of Copper Within a 5 Kilometre Long Mineralized Trend
Carube Copper Intersects Wide Zones of Copper Within a
5 Kilometre Long Mineralized Trend
Toronto, Ontario--(Newsfile Corp. - October 17, 2017) -
Carube Copper Corp.
(TSXV: CUC) is pleased to report the results
from drill holes PVT-17-005 and PVT-17-006, from the Provost Prospect within the 100% owned Bellas Gate Project in
Jamaica.
These holes were drilled in the recently completed 1,900m diamond drill campaign.
Results from three additional holes
which tested other parts of the mineralized trend are pending.
Results from PVT-17-005 and PVT-17-006 include:
Continuous copper mineralization over 191m downhole to 324m in hole PVT-17-005, with 74m of 0.50%CuEq
1
(0.35%Cu
and 0.24g/t Au); and
Continuous copper mineralization over 201.8m from 32.2m downhole in PVT-17-006, with 46m of 0.50%CuEq
1
(0.31%Cu
and 0.29 g/t Au)
DRILL HOLE
FROM(m)
TO(m)
LENGTH
2
(m)
Au
g/t
Cu%
CuEq
1
%
PVT-17-005
133
324
191.0
0.13
0.22
0.30
including
250
324
74.0
0.24
0.35
0.50
including
256
276
20.0
0.32
0.46
0.66
including
285
295
10.0
0.30
0.40
0.59
and
including
285
290
5.0
0.39
0.50
0.74
including
308
313
5.0
0.31
0.57
0.77
PVT-17-006
32.2
234
201.8
0.12
0.17
0.25
including
112
158
46.0
0.29
0.31
0.50
including
119
131
12.0
0.60
0.37
0.75
and
including
119
125
6.0
1.02
0.38
1.03
1
CuEq
(
Copper equivalents) are calculated using a US $3.00/lb. copper and a US$1
3
00 per ounce gold price assuming
unlimited internal dilution and 100% recovery of both metals
.
2
The intervals do not necessarily indicate true width of
mineralization, as its geometry is not known.
Sample Preparation, Analysis and Quality Control: For a description of these
items as pertaining to drill core and soil samples please see
bottom of release.
Carube Copper and Activation Laboratories
all have robust sample security and quality control programs in place for samples collected in Jamaica.
Jeff Ackert, President and CEO of Carube Copper commented, "The mineralization at Provost has now been seen
in five holes and the footprint covers an area with minimum dimensions of 350 by 250 metres, within a 5 kilometre
long mineralized trend extending from the Camel Porphyry in the south to the Hendley Prospect to the north.
The fact
that we are seeing mostly highly altered and mineralized volcanic rock close to surface in these holes, supports the
initial modelling that indicates the causative or driver porphyry may lie below the central part of the zone.
We are
quite eager to test this model in our next program with a series of deeper holes."
The drilling in this program was focused on the Southern Alteration Zone (SAZ), which is a 5 kilometre long trend between the
known Camel Porphyry in the south to the Hendley Prospect in the north.
Drill targets within this significant trend include the
Provost Prospect, the Hendley Prospect and the Provost Southeast Prospect.
This trend has been defined by copper in soil
anomalies, characteristic trace element porphyry indicators, Induced Polarization (IP) chargeability anomalies, distinctive
porphyry style alteration, areas of intense quartz veining and unique magnetic signatures.
Previous scout drilling along this trend
has returned extremely encouraging copper porphyry style mineralization including 339.2m of 0.34%CuEq (0.28%Cu and 0.12
g/t Au) in Hole PVT-16-002, the first complete hole drilled at the Provost prospect last year.
The success of this drill program and the results from these two holes drilled at Provost has confirmed the presence of significant
copper porphyry mineralization in this zone.
It is believed that the extensive copper mineralization, alteration and veining seen in
core at Provost indicates a strong system with substantial depth potential. Further work is planned along the SAZ, which will
include infill IP and core drilling.
Figure
1
: 2017 Drill Locations within the 5km long copper mineralized Southern Alteration Zone
To view an enhanced version of Figure 1, please visit:
[
http://orders.newsfilecorp.com/files/2661/29728_a1508237128898_53.jpg
]
Further Details:
Geology, Alteration and Mineralization
in
Hole
s
PVT-17-00
5 and PVT-17-006
PVT-17-005 and PVT-17-006 were drilled to expand the Provost showing, a zone of significant copper mineralization that was
discovered in 2016. These holes targeted the zone beneath a large copper-gold soil anomaly that is also coincident with a
favourable porphyry "signature" combining geology, alteration, soil geochemistry and geophysics.
PVT-17-005 was collared in propylitic altered volcanic andesite and encountered a late porphyry dyke over the first ~135
meters. After exiting the dyke, mineralized volcanic andesite along with narrow monzonite to hornblende porphyritic dykes
ranging in age from pre-mineral to post-mineral, were encountered to end of hole, where mechanical issues forced
abandonment of the hole. Propylitic alteration was encountered at the beginning of the hole but quickly turned to potassic
alteration after 135 meters, comprised of K-feldspar, magnetite and biotite, which continued until the end of hole.
PVT-17-006 encountered mostly volcanic andesite along with several narrow, mostly pre-mineral, monzonite to hornblende
porphyritic dykes throughout. Chlorite-sericite alteration was encountered sporadically, especially near structures as a likely
retrograde overprinting of earlier potassic alteration. The early alteration remained mostly intact for the first ~200 meters and is
comprised mostly of K-feldspar and biotite with lesser magnetite. After the structural break at ~200 meters, the alteration
changes abruptly to a more magnetite, albite, actinolite, and pyrite rich assemblage to end of hole.
Veining and mineralization encountered in both PVT-17-005 and PVT-17-006 included quartz, quartz-carbonate, quartz-pyrite,
quartz-magnetite, quartz-magnetite-chalcopyrite+/-bornite, chalcopyrite-pyrite+/-bornite sulfide veins, as well as disseminated,
fracture filling and hairline copper sulfides. Veining intensity was variable throughout both ranging from weak to intense. Copper
mineralization as copper sulphides ranged anywhere from 0.1% up to 3.0%, being mostly coincident with veining intensity and
more prominent within PVT-17-005. Chalcopyrite+/-bornite was encountered to the bottom of PVT-17-005 as well as within a
~200 meter, structure bound corridor in PVT-17-006.
Figure
2
: Plan Map of the Provost Prospect with high grade mineralization projected to surface
Cannot view this image? Please visit [
http://orders.newsfilecorp.com/files/2661/29728_a1508237129086_52.jpg
] to view this
image of Figure 2
The distribution of the alteration and copper mineralization indicates that there is great potential for expansion of the
mineralization along strike and at depth within the 28 hectare Provost Prospect.
Upcoming Exploration News from Jamaica
The results from the remaining holes drilled at Bellas Gate are expected by the end of October.
A surface exploration program is planned in November on the Main Ridge and Arthurs Seat licences which lie adjacent to, and
contiguous with, the Bellas Gate Project Area.
Soil sampling, mapping and ground geophysics will lead to drill target definition at
several showings on the Main Ridge Project area. See
Press Release March 6, 2017
.
QP Statement:
This press release has been reviewed and approved by Mr. Shannon Baird, P.Geo., Carube Copper's
Exploration Manager in his capacity as a qualified person as defined under NI 43-101
Additional
Corporate Information
The Company announces that it has granted a total of 236,250 restricted share units (RSUs) valued at $0.08 per unit to officers
and consultants. These restricted share units vest over a one-year period ending October 1, 2018.
W
holly
O
wned Projects
Carube is focused on the exploration and development of copper and gold projects in Jamaica and Canada. In Jamaica,
Carube Copper holds a 100% interest in 11 licenses, totalling 535 square kilometres. In Canada, it holds a 100% interest in
three porphyry copper-gold-molybdenum properties, totalling 492 square kilometres within the Tertiary-aged Cascade Magmatic
Arc in southwestern British Columbia. Carube is currently drilling on its Bellas Gate Project in Jamaica where it has recently
intersected over 340m of continuous copper and gold mineralization at the Provost Prospect.
Contacts
Jeff Ackert, President and CEO • 1-613-839-3258 •
www.carubecopper.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
Sample Preparation, Analysis and Quality Control
Drill core (HQ3, NQ3, NTW and BTW) was stored at a secure compound at Bellas Gate where it was subsequently examined.
All core was then sawed in half and the split core from 1m± intervals, which weighed approximately 2kg, was bagged
individually. Five to ten samples were then packaged in rice bags and boxed for shipping by bonded courier to Activation
Laboratories Ltd (ActLabs) in Ancaster, Ontario. At ActLabs the samples were crushed with up to 90% passing 2mm, 250g
was then split and pulverized to 95% passing 105 micron. ActLabs 1A2 and 1F2
procedures was employed to determine Au by
fire assay and 36 elements including copper using a 4 acid near total digestion with ICP finish. ActLabs is a fully accredited
laboratory to ISO 17025 and CAN-P-1579 and NELAP standards. A number of Certified Reference Material standards using
both oxide and hypogene matrixes as appropriate and coarse and pulp blanks are inserted into the sequence of samples to be
analyzed. Approximately 20% of the samples submitted for analysis are for quality control.
DISCLAIMER & FORWARD
-
LOOKING STATEMENTS
This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking
statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks
and uncertainties. Although these statements are based on currently available information, Carube Copper Corp. provides no
assurance that actual results will meet management's expectations. Factors which cause results to differ materially are set out in
the Company's documents filed on SEDAR. Undue reliance should not be placed on "forward looking statements".
IMPORTANT NOTICE:
Carube Copper hereby incorporates the entire disclaimer set forth on its website at
http://www.carubecopper.com/uploads/1/6/5/2/16521880/disclaimers-and-forward-statements.pdf