Wedgemount Resources Identifies Two Untested Drill Targets at its Eagle Copper Gold Project
Wedgemount Resources Identifies Two Untested Drill Targets at its Eagle Copper Gold Project
Vancouver, BC – December 9, 2021 – Wedgemount Resources Corp. (CSE: WDGY) (“Wedgemount” or the
“Company”), is pleased to announce preliminary results from its first induced polarization (“IP”) survey at
the Company’s road accessible Eagle copper – gold project, located in the highly prospective Quesnel
trough copper ‐ gold porphyry belt of central British Columbia.
Key Highlights:
The IP survey included 20.5 line kilometres covering an area of approximately 8.75 km2; focused
on the 3.5 kilometre long Nighthawk‐Mid‐Vector copper‐gold mineralized trend.
A new coincident high‐chargeability and high‐resistivity anomaly was discovered east of the
historic Vector Zone, which is coincident with anomalous copper in soils – this area represents a
new exploration target located nearly 500 metres east of historical drilling.
A second zone of high‐chargeability was identified between the Mid and Nighthawk zones with a
coincident magnetic low, and could represent an untested porphyry target.
A southeastern IP line, which tested the core of the Nighthawk Zone, shows an intense
chargeability anomaly that increases in size with depth. From the IP survey it’s now apparent that
historic drilling at Nighthawk (DDH EA‐91‐06 which returned up to 27.3 metres of 0.87 % copper
and 0.32 grams per tonne (g/t) gold) tested only a narrow near‐surface chargeability anomaly.
Mark Vanry, President & CEO of Wedgemount commented, “The survey results clearly correlate
chargeability and resistivity features with known zones of mineralization and alteration in the area of
historical drilling. The survey data displays a wider distribution of chargeability/resistivity features beyond
the confines of historical work with considerable strike continuity. The presence of multiple new untested
geophysical targets and potentially a deeper target at the Nighthawk zone is highly encouraging.
Wedgemount will now work on integrating the IP results into its geological and geochemical surveys in
order to best define drill targets for the near future.”
Program Detail
The geophysical field program was carried out in late October 2021 under snow free conditions. A total of
20.5 line km of pole‐dipole survey was completed on 9 lines evenly spaced 400 metres apart. The survey
covered an area that measures approximately 8.75 km2.
Figure 1: Completed IP survey coverage over priority areas.
Eagle Project
The road accessible, 2,530 hectare project is situated in the heart of BC’s prolific Quesnel trough copper‐
gold porphyry belt mid‐way between the Mt. Milligan copper‐gold mine of Centerra Gold and the Kwanika
copper‐gold development project of Northwest Copper. The property is underlain by the Late Triassic to
Early Cretaceous Hogem Intrusive Suite, a large, regional batholith comprised of alkaline and calc‐alkaline
plutons that have been emplaced into the Middle Triassic to Lower Jurassic Takla Group volcanic rocks
and sedimentary sequences. Historical work from the late‐1960s to the early 2000’s, including geological
mapping, geophysical and geochemical surveys and limited drilling have outlined three main porphyry‐
related copper‐gold targets. The discrete zones identified on the Eagle property to‐date are hosted within
a broad, northwest‐trending, 3.5 km long structural corridor of copper‐gold mineralization and
widespread anomalous copper in soils. The Eagle project is subject to an earn‐in agreement with ArcWest
Exploration Inc (see AWX news release dated October 5, 2020).
Data Verification and National Instrument 43‐101 Disclosure
Some data disclosed in this news release relating to sampling and drilling results are historical in nature.
Neither the Company nor a Qualified Person, as defined by National Instrument 43‐101 – Standards of
Disclosure for Mineral Projects (“NI 43‐101”), have verified the data, and, therefore, investors should not
place undue reliance on such data. In some cases, the data may be unverifiable due to lack of drill core.
Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily
indicative of mineralization hosted on the Company's property. The technical information disclosed in this
news release has been reviewed and approved by Ken Macdonald, P.Geo., a Qualified Person as defined
by NI 43‐101.
About Wedgemount Resources Corp.
Wedgemount Resources is a junior mineral exploration company focused on maximizing shareholder
value through the acquisition, discovery and advancement of high‐quality copper ‐ gold projects in North
America.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, President and CEO
For more information, please contact the Company at:
Telephone: (604) 343‐4743
www.wedgemountresources.com
Reader Advisory
This news release may contain statements which constitute “forward‐looking information”, including statements
regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with
respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its
management, are intended to identify such forward‐looking statements. Forward looking statements made in this
news release include the Company’s plans for exploration of the property and anticipated exploration results.
Investors are cautioned that any such forward‐looking statements are not guarantees of future business activities
and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those
in the forward‐looking statements as a result of various factors, including, but not limited to, availability of funds,
personnel and other resources necessary to conduct exploration programs, successes of the Company’s exploration
programs, availability of capital and financing and general economic, market or business conditions. There can be no
assurances that such information will prove accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. The Company does not assume any obligation to update any forward‐looking
information except as required under the applicable securities laws.
This news release includes data that has been obtained from third party sources, including industry publications. The
Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there
is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the
information contained therein has been obtained from sources believed to be reliable, but there is no assurance as
to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company
has not independently verified any of the data from third party sources referred to in this news release.
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