Wedgemount Samples up to 14.8% Cu and Discovers Multiple New Mineralized Zones at Cookie Copper‐Gold Property, North‐central BC
Wedgemount Samples up to 14.8% Cu and Discovers Multiple New Mineralized Zones
at Cookie Copper‐Gold Property, North‐central BC
Vancouver, BC – October 6, 2021 – Wedgemount Resources Corp. (CSE: WDGY) (“Wedgemount” or the
“Company”), is pleased to update shareholders on assay results from the Company’s Phase 1 Cookie
exploration program. The 29,000 hectare Cookie copper‐gold property is located in the prolific southern
Toodoggone copper belt of north‐central British Columbia.
Highlights
Up to 14.8% copper and 88 g/t silver was sampled in mineralized veins in the Overstall zone
located in the northwest portion of the project.
Multiple new zones of porphyry‐related alteration and mineralization were discovered including
the Menard Pass area which returned samples up to 2% copper and 119 g/t silver.
The next phase of exploration will include induced polarization (IP) geophysics to aid in drill
targeting.
Mark Vanry, President and CEO of Wedgemount commented, “As per our August 11, 2021 press release,
our technical team did an outstanding job finding previously un‐sampled zones of copper, gold and silver
mineralization outcropping in multiple areas of the project. With a multitude of samples in various areas
of the project returning greater than 1% copper, the Company is optimistic that not only will there be
robust copper drill targets, but there is also the opportunity for significant grade. Wedgemount is
optimistic that the next phase of exploration, including an IP survey, will further help delineate high‐
potential drill targets for the 2022 exploration season.”
Exploration Program Results
The focus of the 2021 Phase 1 exploration program was to confirm the grade and style of copper and gold
mineralization documented in historic assessment reports as well as to evaluate new areas considered
prospective for porphyry‐related mineralization. Priority target areas included the five kilometer long,
Red‐Amber northwest trending corridor on the eastern side of the property and the six kilometer east‐
west trend of under‐explored copper occurrences (e.g., Garry, Nightfly, ARD, Kim, Verna, Menard Pass)
on the western side of the property. Other priority targets on the western side included the Overstall and
Jensen Creek areas. The field program was based out of a fly camp on the east end of Amber Lake.
Sampling was conducted by a 5‐person crew from Tripoint Geological Services Ltd. between July 15 and
August 11, 2021. Over the course of 15 field days, 86 rock samples, 689 soil samples, and 122 alteration
chips were collected for analysis.
Assay results have now been received for 86 grab rock samples from a variety of mineralized settings on
the Cookie property. A total of 52 rock samples returned copper concentrations in excess of 1,000 ppm
(0.1% copper) of which 20 samples exceeded 10,000 ppm (1.0% copper). These 20 samples returned
results ranging from 1.05% copper to the highest at 14.8% copper (Table 1).
Four samples returned gold grades in excess of 4 g/t including the best result of 32.6 g/t gold from sample
D704123 which also returned 85.8 g/t silver and 5.17% copper. The sample was taken from iron‐ oxidized
quartz vein float with malachite/azurite staining and chalcopyrite. Nineteen samples returned greater
than 10 g/t silver, including two samples that returned greater than 100 g/t silver.
Anomalous copper results tended to have correspondingly anomalous gold and silver results with a wide
range of returned values. See Table 1.
Sample D704025 was taken at the Overstall Zone from a highly brecciated outcrop with carbonate‐
chalcopyrite‐bornite veinlets hosted in propylitic altered diorite and returned 14.8% copper, 87.8 g/t
silver, 0.14 g/t gold and 1.28% molybdenum. The Overstall Zone is characterized by a zone of intense
potassic alteration associated with mineralized veining (quartz, chalcopyrite, bornite, pyrite) that occurs
in diorite immediately west of the contact with Takla volcanics on the north‐facing slope of Overstall ridge.
Sample D704061 was taken from the Menard Pass area and returned 1.37% copper, 115.0 g/t silver and
4.46 g/t gold in a shear zone containing lenses of quartz‐calcite veining which cuts amygdaloidal andesite
with abundant malachite‐azurite staining. The Menard Pass area forms the western terminus of the six
kilometres of roughly E‐W trending ridges from the Menard Pass east to the Garry/Nightfly showings. The
geology is characterized as Takla volcanics in contact with potassic‐altered diorite intrusive which exhibit
stockwork carbonate veining and strong propylitic alteration. Mineralization along the trend range from
discrete shear structures to metre‐wide stockwork quartz‐carbonate‐chalcopyrite veining to propylitic
altered basalt with a carbonate stockwork that hosts pods of massive bornite and molybdenite.
The 2021 sampling has revealed alteration and associated mineralization in the Overstall and Menard Pass
areas that present obvious targets for future work. The intensity and close proximity of intrusions,
alteration, and mineralization indicates that volcanics are in contact with a potassic altered intrusive along
a regionally mineralizing trend which suggests an intense porphyry‐related event. Future work will involve
more detailed geological mapping of lithology, mineralization style, and alteration and detailed soil
sampling. Many more prospective areas on the Property require follow‐up based on initial 2021 sampling,
including West Hat, Midas, and Jensen Creek.
Other significant rock results from Cookie are tabulated in Table 1.
Table 1. Significant Results ‐ 2021 Cookie Rock Samples
Zone SampleID Sample_Type Outcrop_Type Au
(g/t)
Ag (g/t) Cu (%) Mo (%) Sample Comments
Overstall D704025 GRAB OC 0.141 87.800 14.800 1.280 Brecciated
carbonate‐cpy‐bo
veinlet cuts prop
altered diorite
Jensen
Creek
D704110 GRAB OC 0.035 16.550 5.340
Epidote‐qtz‐hem
vein with diss cpy
and lesser py cuts
prop altered basalt
West Hat D704123 GRAB Float 32.600 85.800 5.170
Fe oxidized quartz
vein float with
malachite/azurite
staining and
chalcopyrite
Menard D704045 GRAB Float 0.539 119.000 2.180
Float sample of qtz‐
cal‐py with mal
staining
Zone SampleID Sample_Type Outcrop_Type Au
(g/t)
Ag (g/t) Cu (%) Mo (%) Sample Comments
Menard D704060 GRAB OC 0.125 27.900 1.970
Shear zone hosts
disseminated cpy
and py with
pervasive mal‐az
staining
Menard D704043 GRAB OC ‐ 0.005 6.010 1.715
Qtz‐calc‐cpy‐bo
veinlet
Other D704041 GRAB OC 0.585 39.500 1.680
Shear in maroon
volcanic hosts
abundant mal‐az fill
and vuggy qtz‐carb‐
cpy‐bo vein
Menard D704061 GRAB OC 4.460 115.000 1.370
Shear containing
lenses of qtz‐cal
veining cuts
amygdaloidal
andesite; abundant
mal‐az staining
North
Menard
D704118 GRAB OC 0.024 2.850 1.195
Chlorite basalt with
malachite and
chalcopyrite
hosted in small
structure
West Hat D704051 GRAB Float 29.800 28.400 1.050
Float sample of
heavily oxidized
quartz vein with
malachite staining
West Hat D704052 GRAB Float 9.120 26.800 0.737
Float sample of iron
sulfide hosted in
quartz vein
Figure 1. Map showing location of 2021 rock sample locations and results on the Cookie project with
the best results highlighted in text.
Cookie Property
The center of the 29,000 hectare Cookie property is approximately 40 kilometers south of Centerra Gold’s
past producing Kemess copper‐gold mine and approximately 200 kilometers north of Smithers B.C.
Historical work from the late‐1960s to the early 2000’s, including geological mapping, geophysical and
geochemical surveys and limited drilling have outlined numerous porphyry‐related copper‐gold targets
defined by widespread hydrothermal alteration zones, copper and gold mineralization and strong, yet un‐
drill‐tested copper‐in‐soil geochemical anomalies.
The property straddles a terrane boundary (e.g., Ingenika Fault) between the Quesnel and Stikine terranes
where Triassic to Jurassic sequences of volcaniclastic and sedimentary rocks are intruded by Early Jurassic
to mid‐Cretaceous plutons and stocks. Most of the historical work on the Cookie property has been
confined to large gossans on the east side that represent more altered and porphyritic varieties of the
intrusive units. Here, Cu‐Au±Mo mineralization observed in historic drill core and outcrop is associated
with porphyry‐related hydrothermal alteration (e.g., Red‐Amber corridor). Similarly on the west side of
the property, widespread alteration, and local copper‐bearing mineralization (e.g., ARD, Kim, Overstall,
Verna) is located within rocks that host intrusions associated with the regionally prospective Black Lake
intrusive suite.
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.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.