Power Ore Completes Digitization and 3D Modelling of Opemiska's Perry Mine News brief: The Perry Mine represents the second half of what is collectively known as the Opemiska Copper Mine Complex. All of Power Ore's work announced to date has been on the
Power Ore Completes Digitization and 3D
Modelling of Opemiska's Perry Mine
News brief:
The Perry Mine represents the second half of what is collectively known as the
Opemiska Copper Mine Complex. All of Power Ore's work announced to date has been on the
Springer Mine. With the recent completion of digitization and 3D modelling of the Perry Mine, Power
Ore will detail its plan and drill program on Perry which produced 9 million tonnes at 2.16% copper
and 0.14 g/t gold using a cutoff grade of approximately 1.5% copper.
TORONTO
,
Nov. 12, 2019
/CNW/ - PowerOre Inc. ("Power Ore" or the "Company") (TSX.V: PORE)
is pleased to announce the completion of 3D modelling of the veins, stopes and underground workings
of the Perry Mine at its flagship Opemiska Copper Mine Complex. The Company has now created a
block model to evaluate the distribution of mineralization within the historical Perry Mine as well as the
Springer Mine, the 3D modelling of which was completed earlier (see
April 17
th
2019 news release).
Click here to View Perry Mine's 3D Model Fly-By
"Our team committed significant resources over the past six months to complete data entry and
digitization of all historical drill data and the manual wireframing of all stopes and veins on Perry in
preparation of block modelling and internal resource estimation. Our goal is to outline an underground
bulk mining scenario for Perry and this essential precondition is now complete. The next step is to
complete a drill program to validate the historical drilling on the Perry Mine and proceed to a resource
estimate that will complement our ongoing work on the Springer Mine," said
Stephen Stewart
, CEO of
Power Ore.
About the Perry and Springer Mines on the Opemiska Copper Mine Complex
The Springer and Perry mines operated from 1953 to 1991 and produced nearly 23 million tonnes of
ore at an average grade of 2.4 percent copper and 0.3 grams gold per tonnes. Both mines were
underground operations that mined high grade copper-gold ore with a cut-off grade of approximately
1.5% copper and as a result a considerable amount of material was left behind under the prevailing
economic conditions at the time. At mine closure there was reported to be over 3.5 million tonnes of
mine reserves and resources left behind in and near the stopes.
Mine consulting firm, RPA, completed work on both mines in 2013 and 2014, and published
Exploration Targets that ranged between 16 and 33 million short tons (14.5 and 30 million tonnes),
grading 1.0% to 1.4% copper, and 0.012 to 0.020 oz/ton gold (0.41 to 0.69 gpt gold) for Springer
and a further potential at Perry of between 0.5 and 1.4 million short tons (0.4 and 1.3 million tonnes)
between 1.0 and 1.5% copper. Additionally, RPA delineated a potential underground target at Perry
of between 3 and 11 million short tons (2.7 and 10 million tonnes) grading between 1.5 and 2.5%
copper.
Perry Mine 3D Modelling and Sample Sections
The database inherited by Power Ore included over 14,500 diamond drill holes totaling over 850,000
metres and nearly 304,000 individual core assays in addition to digitized level plans and modelled
stopes and veins. We recently added 1,513 additional drill holes, compiled and digitized from the
original diamond drill logs, totaling over 139,000 metres including 31,305 individual assays. Most of
the additional results are from the Perry Mine and are critical to improving the quality of the
interpolation of composite assay results. The resulting 3D model of Perry comprises 877 stopes that
represent over 9 million metric tonnes of mined out material at an average density of 2.8.
"The revised interpretation of Perry has added considerable detail to its 3D model and we are now
ready to proceed to the next phase to evaluate the distribution of mineralization above various cutoff
grades. Because Perry is modelled as a bulk mineable underground mine, we need to better
understand the geometry of the mineralization as well as the volume of material to determine if our
hypothesis can hold true," said
Charles Beaudry
, P.Geo, director and VP Exploration of Power Ore.
Click here to view Sections from Perry Mine
QP Statement
The technical information contained in this news release has been reviewed and approved by
Charles
Beaudry
, P.Geo and géo., Director and Vice President Exploration for Power Ore, who is a Qualified
Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." For
the exploration undertaken by Power Ore all assay batches are accompanied by rigorous Quality
Assurance procedures that include insertion of standards and blanks and verification assays in a
secondary laboratory. Quality Control results, including the laboratory's own control samples, are
evaluated immediately on reception of batch results and corrections implemented immediately if
necessary. All drill collars are surveyed and positioned in UTM coordinates. Downhole deviations
surveys are done with a Reflex instrument at
30m
intervals. A systematic density measurement
program using two methods was implemented to measure density of all rock types. A specific
susceptibility measurement protocol was also implemented to better estimate the relative abundance
of magnetite in the variably magnetic rocks of the Ventures Sill.
Note on Historical Mineral Reserves and Mineral Resources and on Exploration Targets
The mineral reserves left in the mine when production was suspended are historical in nature and
cannot be considered mineral reserves for our purposes. Power Ore considers that insufficient work
has been done on the Springer mine to define any mineral resources and does consider historical
reserves to be mineral reserves or mineral resources and only presents these numbers to indicate the
amount of mineralized material left behind by Falconbridge. The potential tonnage and grade of
Exploration Targets defined by RPA Consultants are conceptual in nature. There has been insufficient
exploration to define them as mineral resources and it is uncertain if further exploration will result in
the targets being delineated as mineral resources. As such Power Ore does not consider exploration
targets as mineral resources and neither should the reader.
About Opemiska Copper Mine Complex
The Opemiska Copper Complex is located adjacent to the town of
Chapais, Quebec
within the
Chibougamau
region. Opemiska is also within the Abitibi Greenstone belt and within the boundaries of
the Province of
Quebec's
Plan Nord which promotes and funds infrastructure and development of
natural resource projects. The project consists of 11 mining claims and covers the past producing
Springer & Perry mines which were owned and operated by
Falconbridge
. The project has excellent
in place infrastructure including a powerstation and direct access to Highway 113 and the Canadian
National Railway.
Opemiska was mined by
Falconbridge
as a high-grade underground mining operation and was in
production for over 35 years prior to Ex-In acquiring the property in 1993.
For information and updates on Power Ore, please visit:
www.powerore.com
And please follow us on Twitter
@PowerOre
N
either 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. Certain information in this press release may contain forward-looking statements. This
information is based on current expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially from results suggested in any
forward-looking statements. Power Ore is a trade name of PowerOre Inc. PowerOre Inc. assumes
no obligation to update the forward-looking statements, or to update the reasons why actual results
could differ from those reflected in the forward looking-statements unless and until required by
securities laws applicable to PowerOre Inc. Additional information identifying risks and uncertainties
is contained in filings by PowerOre Inc. with Canadian securities regulators, which filings are
available under PowerOre Inc. profile at
www.sedar.com
.
SOURCE
Power Ore
View original content:
http://www.newswire.ca/en/releases/archive/November2019/12/c3111.html
%SEDAR: 00045293E
For further information:
To speak to the Company directly, please contact: Stephen Stewart, Chief
Executive Officer, Phone:
416.644.1571, Email:
CO: Power Ore
CNW 09:52e 12-NOV-19