Drilling Starts at Carube Copper’s Bellas Gate Project
FOR IMMEDIATE RELEASE
OTTAWA, ONTARIO
May 8, 2017
Drilling Starts at Carube Copper’s Bellas Gate Project
2,000 metre program on high priority porphyry targets
Carube Copper Corp. (CUC:TSXV) is pleased to announce the start of a drill program on its 100% owned
Bellas Gate copper-gold project in Jamaica. The 2,000 met re program will focus on high-priority drill targets that
have been clearly delineated based on results from previ ous drilling, ground exploration, soil geochemistry and
airborne geophysics.
Drilling will follow up on hole PVT-16-002 at the Provost prospect that intersected 339m of 0.34% CuEq
(0.28%Cu, 0.12 g/t Au), including 10m of 1.79% CuEq (1.28%Cu, 0.90 g/t Au)¹.
“Carube Copper is now sufficiently funded to drill th e high-priority targets delineated by the past two
years’ exploration. With 100% ownership of the Bellas Gate Project, our shareholders now stand to
realize the full benefit of the $14 million invested in previous programs and from future exploration
success. The Provost area in particular returned impressive copper mineralization from two recent drill
hole. This program will endeavour to indicate the potential size of the porphyry system.”
— Jeff Ackert, President and CEO of Carube Copper
Figure 1: Priority Drill Target Areas at Carube Copper’s Bellas Gate Project.
High-Priority Targets
The Provost Target is the top priority for Carube, as Hole PV T-16-002 intersected very strong porphyry copper
mineralization with intense alteration and veining. Alteration assemblages encountered in both PVT-16-001
and PVT-16-002 suggest a propylitic assemblage interpre ted as the margins of a broad porphyry deposit.
Note that:
PVT-16-002 intersected 339m of 0.34% CuEq (0.28% Cu, 0.12 g/t Au), including 10m of 1.79% CuEq
(1.28%Cu, 0.90 g/t Au)¹; and
PVT-16-001, which intersected 82m of 0.46% CuEq (0.37%Cu, 0.16 g/t Au), including 29m of 0.63% CuEq
(0.49%Cu, 0.24 g/t Au)¹.
The program’s initial hole will be collared near PVT-16-002 and angled south east while subsequent holes will be
collared approximately 100m and 200m south of PVT-16-002 and will drill to the east beneath the strongest
copper in soil anomaly. The 28 hectare target area outlin ed in Figure 2 has enhanced copper, gold, silver and
molybdenum in soils, plus porphyry pathfinder geochemist ry exhibiting depletion in manganese and enrichment
in bismuth and selenium — all suggesting a broad porphyr y system at moderate depth. The magnetics and IP
chargeability also show characteristics suggesting the presence of a significant porphyry system.
Figure 2: Priority Provost Target showing the location of the first drill hole planned in the current drill campaign.
The Provost SE Target is located 1.25km southeast of the Provos t Target and lies along the Southern Alteration
Zone (SAZ), which is defined by a corridor of manganese depletion and enrichment in bismuth, selenium and
other porphyry cap pathfinders. Copper, gold, silver a nd molybdenum are also highly enriched in the 23 hectare
Provost SE target area. Surface mapping has outlined several alteration zones marked by limonite, hematite and
quartz as well as a zone of epidote, chlorite ± sericite. The magnetic signature at the Provost SE target area shows
a slight magnetic high within an area of mag low, very similar to the magnetic signature at the Connors Porphyry.
IP chargeability is in the 20 to 30 millirad (MRad) range at surface, broadening at depth, all favourable to the
presence of a porphyry system.
The Connors SE Target area is inferred to be one of a series of porphyries within the Northern Alteration Zone
(NAZ) that includes the Connors Porphyry located just over 1.0km to the northwest. The NAZ has a porphyry
pathfinder geochemistry signature similar to the sign atures over copper porphyries throughout the SAZ such as
Hendley, Provost, Camel Hill and Geo Hill. At Connors SE, copper, gold, molybdenum and porphyry pathfinder
soil anomalies are separated by a high bedrock ridge com posed of volcanics; the porphyry indicator anomalies are
muted on this ridge due to the rock thickness. The 60 hectare target area is defined by elevated and anomalous
copper and gold as well as porphyry pathfinders and also exhibits a strong Ti-Zr ratio indicative of a porphyry
intrusive system.
The Hendley Ta rget is located in the SAZ, 1 kilometre north w est of Provost. Drilling will focus on following up
on drill hole HEN-15-003, which intersected 261m of 0.22% Cu and 0.07 g/t Au¹. It will be drilled from the same
collar as HEN-15-003, which intersected porphyry mineraliza tion, and will target high copper and gold in soil
anomalies. Porphyry pathfinder elemen ts suggest a porphyry-type body(ies) at moderate depths. Some of the
geochemistry in the central part of the target area is muted by conglomerate cover. The IP chargeability and
resistivity anomalies, which characterize this target, i ndicate a mineralization system at shallow to moderate
depths.
The drilling program is expected to run for 2 months with the first tranche of results expected in June.
¹The intervals do not necessarily indicate true width of mineralization, as its geomet ry is not known. Copper equivalents are c alculated
using a US $3.00/lb. copper and a US$1200 pe r ounce gold price assuming unlimited internal dilution and 100% recovery of both m etals.
Sample Preparation, Analysis and Quality Control: For a descri ption of these items as pertaining to drill core and soil samples please see
disclosure on Carube Copper’s website http://www.carubecopper.com/legal_notices.html. Carube Copper and Activation Laboratories all
have robust sample security and quality control programs in place for samples collected in Jamaica.
—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 reviewed and approved by Dr. Vern Rampton, P. Eng. in his capacity
as a qualified person as defined under NI 43-101.
Carube Copper Corp. (CUC:TSXV) is a Canadian exploration compan y focused on the exploration and
development of copper and gold projects in Jamai ca 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 469 square kilometres within the Tertiary-aged Cascade Magmatic
Arc in southwestern British Columbia. Exploration conti nues on these properties with the goal of joint-venturing
them to larger exploration and mining companies. Car ube Copper continues to seek opportunities in Canada and
the Caribbean for acquisition and development.
DISCLAIMER & FORWARD LOOKING STATEMENTS
This news release includes certain “f orward-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. Alt hough 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: By reference herewith, Carube Copper in corporates into this release the entire
disclaimer set forth on its website at http://www.carubecopper.com/legal_notices.html.