Coast Copper Commences 2022 Drill Program on Empire Mine Property
Coast Copper Commences 2022 Drill Program
on Empire Mine Property
TSX.V: COCO
VANCOUVER, BC
,
March 8, 2022
/CNW/ -
Coast Copper Corp. ("Coast Copper" or the
"Company")
(TSXV: COCO) is pleased to announce that a second phase of core drilling on the
Company's optioned Empire Mine property has commenced. The focus of this drill program will be to
follow up the
December 2021
drill program and further explore below the Merry Widow pit, the new
discoveries at Raven Pit and Raven Bluff, new targets such as Lower Marten which is 150 meters
("
m
") south of the historical Merry Widow resource, Bluebird which is
525 m
south of the historical
Merry Widow resource and areas on trend of the Benson Lake Mine.
Highlights from the 2021 core drill program were announced in Coast Copper news releases of
January 25, 2022
and
February 1, 2022
and include:
Broader intercepts:
Merry Widow Zone:
MW21-004: 1.67 grams per tonne ("
g/t
") gold ("
Au
") and 0.22% copper ("
Cu
") over
34.92
m
MW21-007: 1.84 g/t Au and 0.20% Cu over
39.54 m
MW21-008: 1.63 g/t Au and 0.46% Cu over
42.77 m
MW21-013: 1.22 g/t Au and 0.39% Cu over
51.06 m
New Discovery at Raven Bluff/Pit (
200 m
north of the past-producing Merry Widow magnetite
mine):
MW21-015: 7.18 g/t Au and 3.17% Cu over
16.3 m
High-grade intercepts:
Merry Widow Zone:
MW21-004: 8.15 g/t Au and 0.57% Cu over
4.86 m
MW21-007: 18.00 g/t Au and 1.55% Cu over
3.23 m
MW21-008: 4.69 g/t Au and 0.34% Cu over
10.80 m
New Discovery at Raven Bluff/Pit (
200 m
north of the past-producing Merry Widow magnetite
mine):
MW21-015: 16.86 g/t Au over
4.70 m
including 4.64 g/t Au, 12.51% Cu and 197.6 g/t silver
("
Ag
") over
3.36 m
MW21-016: 2.49 g/t Au, 4.38 % Cu and 60.2 g/t Ag over
1.66 m
MW21-017: 6.2 g/t Au over
1.67 m
Drillholes MW21-010, 11, 12, 18 and 19 as well as partial results from hole MW21-016 are still
pending. Please refer to previous news releases for drill hole tables, locations and QAQC
procedures.
Adam Travis
, Coast Copper CEO commented,
"We are very pleased with the assay results from
our drill program completed in
December 2021
and look forward to seeing the drill core and results
from our Phase 2 program."
Upcoming events
Coast Copper is pleased to announce it will be attending/hosting upcoming events including Metals
Investor Forum in
Vancouver
on
March 10-11
, the Company's Annual General Meeting in
Vancouver
on
March 28
and the Kamloops Exploration Group Conference in
Kamloops
on
April 12-13
and the
Vancouver Resource Investment Conference
May 17-18
. To stay up to date and see more details
about these events please check out the
Events
page on our website.
Qualified Persons
The technical information contained in this news release has been prepared, reviewed, and
approved by
Wade Barnes
, P.Geo. (BC) of Tripoint Geological Services, Coast Copper's geological
consultant and a Qualified Person within the context of Canadian Securities Administrators' National
Instrument 43-101; Standards of Disclosure for Mineral Projects.
About Coast Copper Corp.
Coast Copper's exploration focus is the optioned Empire Mine Property, located on northern
Vancouver Island, BC, which covers three historical open pit mines and two past-producing
underground mines that yielded iron, copper, gold and silver. Coast Copper's other properties
include its 100% owned
Eldorado
, Gin and Bonanza properties located in BC's prolific Golden
Triangle district which are adjacent to Newcrest Mining Limited's and Imperial Metals Corporation's
Red Chris Mine
, its Knob Hill NW Property located on northern Vancouver Island and its 100%
owned Sterling and Home Brew properties which are located in central BC. Coast Copper's
management team continues to review precious and base metals opportunities in western
North
America
.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis
, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any
information
regarding the proposed Transaction, private placement, board and management
changes,
as to
our strategy, projects, plans or future financial or operating performance, constitutes
"forward-looking statements." All statements, other than statements of historical fact, are to be
considered forward-looking statements. Forward-looking statements are necessarily based on a
number of estimates and assumptions that, while considered reasonable by Coast Copper, are
inherently subject to significant business, economic, geological and competitive uncertainties and
contingencies. Although Coast Copper believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance. Known and unknown factors could cause actual results to differ materially
from those projected in the forward-looking statements. Such factors include but are not limited to:
fluctuations in market prices, exploration and exploitation successes, continued availability of
capital and financing, changes in national and local government legislation, taxation, controls,
regulations, expropriation or nationalization of property and general political, economic, market or
business conditions. Many of these uncertainties and contingencies can affect our actual results
and could cause actual results to differ materially from those expressed or implied in any forward-
looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking
statements are not guarantees of future performance and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. All of the forward-looking statements made in this press
release, or incorporated by reference, are qualified by these cautionary statements. We do not
assume any obligation to update any forward-looking statements.
SOURCE
Coast Copper Corp.
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http://www.newswire.ca/en/releases/archive/March2022/08/c6045.html
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For further information:
Adam Travis, CEO, Coast Copper Corp, 409 Granville Street, Suite 904,
Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E: [email protected]
CO: Coast Copper Corp.
CNW 08:05e 08-MAR-22