Carube Copper Outlines Two Kilometre Gold Zone Immediately West of Former Gold Mine New 1.7 Square Kilometre Copper Zone Discovered
FOR IMMEDIATE RELEASE
OTTAWA, ONTARIO
March 6, 2017
Carube Copper Outlines Two Kilometre Gold Zone Immediately West of Former Gold Mine
New 1.7 Square Kilometre Copper Zone Discovered
Carube Copper Corp. (CUC:TSXV) is pleased to release the results and ma nagement’s interpretation of the 2016
geochemical soil sampling program on its Main Ridge Licence in central Jamaica.
Highlights
• In-fill soil sampling has confirmed and defined numerous elongated soil anomalies within the 2100m by
800m Bennett Gold Zone. The linear anomalies, whose combined length totals approximately 4000m, are
generally parallel and appear to be tracing gold-bearing veins or stock works.
• A large, greater than 1.7 sq. km, i rregular-shaped copper in soil anomaly has been outlined in a separate
area at Orange Hill. It is a copper prospect marked by an intense magnetic response and gravity highs,
suggestive of large porphyry or IOCG-type porphyry systems.
Jeff Ackert, President and CEO of Carube Copper, comme nted: “The results of the soil sampling west of the
former Pennants Gold Mine on our Main Ridge License indicates that the high grade gold extends for a strike
length of over 2km. We are also excited with the discovery of the new large copper in soil anomaly at
Orange Hill that infers the presence of large subsurf ace porphyry-style mineralized bodies. We are keen to
move forward with drilling once we ha ve fine-tuned the orientation of th e drill targets with some ground
geophysics.”
Bennett Gold Zone
Soil samples were collected from 195
sites at 30m intervals on 8 in-fill lines
on the 2 km long, WNW trending
Bennett Gold Zone that had been
previously defined by BHP-Utah in the
1990s¹. BHP-Utah’s and Carube
Copper’s sampling clearly outline
parallel, predominantly E-W, elongated
anomalies (Figure 1). Contoured
patterns of values in excess of 12 ppb
Au, commonly greater than 30 ppb Au
and up to 610 ppb Au define parallel
anomalies, in one case over an
unbroken distance of 1100m. In some
instances, highly anomalous nodes in
Au up to 100m long are present in areas
of suspected intersecting mineralization.
Figure 1: Gold in Soil Along Bennett Gold Zone
The anomalies are interpreted as being the surface trace of st eeply dipping epithermal quartz-carbonate veins similar to
those that were mined at the Pennants Gold Mine. A number of historical intersections of veins have been reported on the
licence from near the eastern end of Bennett Gold Zone: 7.69 gAu/t over 3m from one hole; 3 gAu/t over 2.2m and 22.9
gAu/t over 2m from a second hole: and 2 gAu/t from a third hole. ² At the former Pennants Gold Mine, values of 3 to 5m
true width from drill core, commonly assayed from 6 - 8 gAu/t, frequently exceeding 10 gAu/t. Reported production at
Pennants was 95,725 t at 9.01 gAu/t.³
Orange Hill Copper Prospect
Soil samples were collected from 350 sites on a 100m square grid, covering a 3.7 sq. km. area in the west part of the Main
Ridge License. Results from the soil sampling indicated two, po ssibly three, large distinctive areas marked by anomalous
results for numerous elements. The results from each ar ea imply the presence of separate underlying mineralization
systems. The geochemical results also suggest the pr esence of epithermal veining and mineral enhancement
(overprinting).
A large 1.7 sq. km. copper (Cu) in soil (greater than 240 ppm ) is obvious in the area around Orange Hill (Figure 2). It
appears to be divisible into two separate anomalies: (i) a nor thern lobe that measures 500m by 1500m and (ii) a southern
lobe that measures 600m by 1500m and is open to the SE. Both lobes have their long axis trending to the NW. The
northern lobe is marked by a 300m by 900m N-S trending anomaly where Cu values ar e greater than 360 ppm and
between 450 and 1360 ppm. The southern l obe shows variation in the area of Cu enhancement - some of the Cu
overprinting trends E-W. Gold anomalies marked by values greater than 6 ppb and values between 12 and 53 ppb, show
similar patterns. Other precious and base metals show N-S trending narrow anomalies. The 39 rocks (grab samples) that
were collected during prospecting were highly altered and most assayed greater than 250 ppm Cu. One sample from the
southern lobe assayed 2.29% Cu.
The area’s Cu and Au potential had
previously been inferred because of the
presence of a large residual gravity high
(possibly indicative of a mid-crustal
intrusive) and a large magnetic body
topping at 150m below surface and with
associated lobes (indicative of magnetite
alteration compatible with porphyry or
IOCG related alteration). 4 Stream sediment
sampling by The Canadian International
Development Agency (C IDA) in the 1990s
and a soil sampling transect by Carube
Copper in 2015 5 across the area confirmed
the presence of Cu-Au mineralization in
the area.
The third area where the geochemistry of
surface soil samples suggest an alteration
system or a buried intrusion or
mineralization system lies to the west of
the large magnetic body previously cited.
This area is highly anomalous in (i) many
porphyry pathfinders such as selenium, bi smuth and cesium; (ii) elements indicativ e of alteration such as barium and
potassium; and (iii) most rare earth elements. Combined wi th the geophysical data, the geochemistry, except possibly
for the fact that iron (Fe) values are low and Cu values are limite d to high background (50-100ppm Cu), would be
suggestive of IOCG-type minera lization. Further investigatio n is required to determine the ultimate reason for these
Figure 2: Copper in soil at Orange Hill Copper Prospect
anomalies. N-S and NE-trending linear anomalies, specifically for Au and Fe, also suggest epithermal veining and
overprinting in this area.
Future work
Both the Bennett Gold Zone and the Ora nge Hill Copper Prospect are ready for dr illing subject to some fine tuning to
delineate drill collar locations and drilling orientation.
The initial target at Bennett will be the 1.1km long parallel elongated gold anomalies marked by Au values between 15
and 610 ppb Au. The initial target at Or ange Hill will be the broad enriched (o verprinted) N-S trending zone where Cu
values range between 450 and 1,360 ppm and Au values exceed 12 ppb.
Soil sampling, analysis and quality control
A total of 575 soil samples, including duplicates, from th e Bennett Gold Zone (BGZ) and the Orange Hill Copper
Prospect (OHCP), including duplicates, were analyzed. A to tal of 39 rock samples, weighing approximately 1kg, were
collected and analyzed. All samples were stored at a secure compound in Jamai ca and shipped by bonded couriers to
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. Ultratrace 5 procedure was utilized for analysis in which thirty grams are
encapsulated, irradiated and measured for Au plus Ag, As, Ba , Br, Co, Cr, Cs, Fe, Hf, Na, Ni, Sb, Sc, Se, Ta, Th, U, W,
Zn; a portion of the sample is digested by a four acid so lution (HF, HAO4, HNO3 and HL) and Al, Be, Bi, Ca, Cd, Co,
Cu, Eu, Ga, Ge, In, Li, K, Mg, Mn, Nb, Mo, Ni, P, Pb, Rb, Re, S, Sn, Sr, Tb, Te, Ti, Tl, V, Y, Zr, La, Ce, Pr, Nd, Sm, Gd,
Dy, Tb, Ho, Hg (>10ppm), Er, Tm, Lu, and Yb determined by ICP/MS.
Actlabs is a fully accredited laboratory to ISO 1702 and C AN-P-1579 and NELAP standards. A number of blanks and
duplicates are inserted by both Carube Copper and Actlabs into the sequence of samples to be analyzed. Approximately
15% of the samples submitted for analysis are for quality control.
1Pyle, P.F. 1992. Main Ridge Gold Project, Clarendon, Jamaica; unpublished reports, March and August for BHP-Utah
Exploration Inc with analytical reports by Chemex Labs Inc, Sparks, Nevada
²Lutynski, P. 1994. Summary, report, Central Inlier Project, Jamaica; Clarendon Mining Ltd., unpublished technical report
³Exploration Management Pty Ltd. 2012. Main Ridge gold Mine (Jamaica); web-site
4Tykajlo, R. 2016. Main Ridge Project, Jamaica; geophysical data processing, modelling, interpretation and targeting; Geo-
Digit- Ex memorandum to Carube Copper.
5Rodinia Jamaica Ltd. 2015. Semi-annual report for the Main Ridge Project area, July 1, 2014 to December 31, 2014; prepared
by Jeff Ackert and Trevor McCain, Carube Copper Corp.
— END PRESS RELEASE —
Contacts
Jeff Ackert, President and CEO • 1-613-839-3258 • [email protected]
Vern Rampton, Executive VP of Corporate Development • 1-613-839-3258 • [email protected]
Alar Soever, Chairman • 1-705-682-9297 • [email protected]
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.
QP Statement: This press release has been prepared by Dr. Vern Ra mpton, P. Eng. in his capacity as a qualified person
as defined under NI 43-101.
Carube Copper Corp. (CUC:TSXV) is a Canadian exploration company focused on the exploration and development of
copper and gold projects in Jamaica and Canada. In Jamaic a, Carube Copper holds a 100% interest in 11 licences,
totalling 535 square kilometres. In Canada, it holds a 100% interest in three porphyry copper-gold-molybdenum
properties, totalling 492 square kilometres within the Te rtiary-aged Cascade Magmatic Arc in southwestern British
Columbia. Exploration continues on these properties with the goal of joint-venturing them to larger exploration and
mining companies. Carube Copper continues to seek oppor tunities in Canada and the Caribbean for acquisition and
development.
DISCLAIMER & FORWARD LOOKING STATEMENTS
This news release includes certain “forward-looking statement s” 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 ar e 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: By reference herewith, Carube Copper incorporates into this release the entire disclaimer set
forth on its website at http://carubecopper.com/disclaimer.htm