1844 Resources Gives Update of Their 2 Copper Projects
For Immediate Release
1844 RESOURCES GIVES UPDATE OF THEIR 2 COPPER PROJECTS
Saskatoon, Saskatchewan, 2021 - 1844 RESOURCES LTD. (TSX-V:EFF) (the “Company” or “1844”)
is pleased to update its shareholders on the current status and future activities on the Vortex Copper and
the Native Copper Projects, both located on the Gaspe Peninsula. With global copper demand forecast
to significantly outstrip supply, finding economic projects in the near term is of paramount importance to
maintain the course of economic recovery and the ongoing shift into greener technologies. The
properties of 1844 are well positioned in this capacity.
Mr. Sylvain Laberge, President and CEO of 1844, remarks “We are great believers of the Gaspé
Peninsula and pleased that we have kept our primary focus on our Copper Projects. The movement
towards energy metals has been focused primarily on graphite, lithiu m, cobalt and rare earths. Copper
acts as a conductor for all of these metals in their eventual end use, and the critical nature of copper in
the energy metals sector has been largely overlooked until recently.”
Vortex Property
The Vortex property is comprised of 40 mineral claims (22.6 sq. kms) and is comprised of both the
Sullipek Deposit and Sullipek East project. In 2017 a NI 43-101 Resource Estimation was issued on the
1844 portion Sullipek Deposit for 2,2 million t @ 1.06% Cu. The deposit is shared with Glencore/Soquem
and counts for a total of 5,5 million t @0.88% Cu , following our planification some exploratory and
definition work will be executed during Q3 of 2021.
The Sullipe k East portion located at approximately 4 kilometres East of Sullipe k Deposit and 25
kilometres West of Murdochville where Noranda Gaspé Copper Mine was in production for 45 years for
a total of 141million t @ 0.85% Cu . In August 2012, 1844 Resources at th e time Gespeg Copper
Resources Inc. announced a first discovery of 29m @ 0.94% Cu at 5.20m depth.
Located within a large hydrothermal system, the discovery hole includes limestone horizons favoring the
introduction of "skarn" type copper mineralization or copper replacement mineralization on periphery of
porphyry felsic intrusions from the Sullipek region. Recent geophysical data (airborne EM survey) reveals
the presence of large EM conductive anomaly superimposed on favorable limestone horizons (Map 1).
In addition, historical drilling has allowed some stratigraphic levels showing significant copper values.
Press-release 20-06
Drill hole with significant copper values
Stratigraphic
level Drill hole From(m) To(m) Length(m) * Cu % Ag g/t Type of mineralization
Formation de Forillon
11-V-01 7 28 21 0.13 2.14 Type 1
11-V-04 5.2 35 29.8 0.94 3.91 Type 1 and 2 superimposed
11-V-05 10.3 46 35.7 0.18 1.54 Type 1
L89-1 13 16.3 3.3 0.60 12.12 Type 1 and 2 superimposed
L89-1 19 22 3 0.18 3.40 Type 1 and 2 superimposed
L89-1 26.7 27.7 1 0.32 6.50 Type 2
L89-1 30 31.2 1.2 1.51 27.00 Type 2
L89-1 64.2 65 0.8 0.11 29.00 Type 2
L89-1 69.2 69.4 0.2 4.42 28.00 Type 2
L89-1 73 75 2 0.14 1.00 Type 1
L89-1 82.8 84 1.2 0.16 2.90 Type 1
L89-1 90.4 90.7 0.3 0.11 2.00 Type 2
L89-2 20.8 21.4 0.6 4.91 87.00 Type 2
L89-2 49.6 50.3 0.7 0.52 51.00 Type 2
09-K-04 98.10 100.00 1.90 0.54 Type 1
Formation Indian Point Carbonaté 11-V-04 293 300 7 0.12 2.45 Type 1
11-V-04 452 463.2 11.2 0.24 5.25 Type 1
11-V-06 464 486.7 22.7 0.1 Type 1
L89-1 431.8 433 1.2 0.32 3.70 Type 1
L89-1 498 501 3 0.22 2.63 Type 1
L89-1A 433.7 444 10.3 0.53 5.74 Type 1
L89-1A 492 494 2 0.49 5.00 Type 1
09-K-03 175.55 200.20 24.65 0.21 1.4 Type 1 and 2 superimposed
09-K-03 215.90 218.80 2.90 0.41 3.30 Type 1
09-K-03 231.90 234.05 2.15 0.21 Type 1
09-K-03 260.3 283.8 23.5 0.27 3.07 Type 1
09-K-03 451.5 456 4.50 0.15 Type 1
Horizon IP1 11-V-04 615 638.6 23.6 0.25 0.88 Type 1 and 2 superimposed
11-V-04 663 680 17 0.3 3.45 Type 1
11-V-04 696 703 7 0.57 6.33 Type 1
L89-1A 632.5 633 0.5 0.73 9.60 Type 2
L89-1A 640 645 5 0.22 4.10 Type 1
09-K-05 283.00 283.90 0.90 0.98 44.60 Type 2
* Intervals represent core length, not true width
Type 1 : PORCELLANITES AND SKARNS and disseminated PO-CP-PY mineralization
Type 2 : CALCITE-CHLORITE VEINS, BRECCIAS and containing PY-CP-MO
The combination of the previous drill results, combined with the completed geophysics has led the
company to apply for drilling and exploration permits to revisit the property during the summer exploration
season, with a view to completing a drilling program in the fall. The drilling program is anticipated to
include inclined and stratigraphic drilling aimed at modeling the different lithologies, hydrothermal
alterations and mineralized zones.
Native Copper
The Native Copper Project is 1844’s most recent copper project and is comprised of 156 claims ( 86,7
sq. kms ) on a known Green Stone Belt. The project is part of the Mont Alexandre syncline, associated
to an important metallotect volcanic horizon part of the Lake McKay Member, which lies within the
greenstone belt present in the Gaspe Peninsula. The property has showed values from 0.15% Cu in
drilling to up to 5.38% Cu in trenching over the years, it appears that the obvious model for these types
of mineralization is the Keweenaw Peninsula native copper model. The Company continues to review all
technical data with a view to designing a maiden drilling program on the property.
About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energy metals
and underexplored regions “Gaspé, Chibougamau Québec”. With a dedicated management team, the
Company’s goal is to create shareholder value through the discovery of new deposits.
Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, is a qualified person (as such term
is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and has reviewed
and approved the technical disclosure contained in this news release.
1844 RESOURCES INC.
(signed) “Sylvain Laberge”
Sylvain Laberge
President and CEO
514.702.9841
Some of the statements contained in this press release are forward-looking statements and information
within the meaning of applicable securities laws. Forward -looking statements and information can be
identified by the use of words such as “expects”, “int ends”, “is expected”, “potential”, “suggests” or
variations of such words or phrases, or statements that certain actions, events or results “may”, “could”,
“should”, “would”, “might” or “will” be taken, occur or be achieved. Forward -looking statements and
information are not historical facts and are subject to a number of risks and uncertainties beyond the
Company’s control. Actual results and developments are likely to differ, and may differ materially, from
those expressed or implied by the forward -looking statements contained in this news release.
Accordingly, readers should not place undue reliance on forward -looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any forward -looking statements, except
as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Gaspé project planification
Conductive anomaly superimposed on favorable limestone horizons