Titan 24 - Deep Electrical Earth Imaging Field Work Complete; Exploration Drills Added
Posted on: Thursday, 25 October 2007, 18:00 CDT
VANCOUVER, Oct. 25 /PRNewswire-FirstCall/ -- Copper Mountain Mining Corporation ("CMMC" or the "Company) announces Quantec Geoscience Limited ("Quantec"), a leading global provider of geoscience solutions, has now completed field work for the Titan 24 - Deep Electrical Earth Imaging at the Company's Copper Mountain Project in south-east British Columbia. The Company completed 24 line kilometers of surveying at 500 meter spacing, covering an area of approximately 10 square kilometers. Data extracted at the site has been transferred to Quantec's head office in Ontario for processing and analysis, which is expected to take four weeks to complete.
Mr. O'Rourke, Chief Executive Officer of Copper Mountain stated: "by focusing the Titan 24 crew in and adjacent to the area of past mining, where approximately 1.7 billion pounds of copper have been extracted, and combining this information with the known historical high grade intersections at depth, we will be able to quickly identify and assess potential targets for immediate drilling late this year, which we are hopeful may lead to the discovery of new deposits and/or high-grade "feeder-zones" to existing deposits at Copper Mountain."
The Titan 24 Deep Earth Imaging system is the most advanced electrical earth imaging technology available. Measuring parameters of DC (resistivity), IP (chargeability) and MT (magnetotelluric resistivity), the Titan 24 measures to depths of 750 meters with IP and to depths of more than 1.5 kilometers with MT data. These depths and multi-parameter data make the system one of the best options available for obtaining subsurface information related to geologic structure and for the direct detection of mineral deposits.
In addition, to the completion of the Titan 24 field work, the Company has mobilized an additional exploration drill which is now on site and has contracted two additional drills which will be on site by month-end. This will bring the total number of exploration drills on site to five, making it one of the largest exploration programs in BC for the 2007 year, in order to complete the 2007 exploration plan of 51,000 meters of drilling. Drilling is targeted to convert inferred resources, as identified by the recent interim resource estimate (see Press Release Sept 6, 2007) to the measured and indicated categories within the proposed super-pit area (see attached map). The Company will also be drill-testing some of the geophysical exploration targets once results are back from the Titan-24 program. The exploration program is being supervised by Peter Holbek, M.Sc., P.Geo., a qualified person as defined by National Policy Instrument 43-101.
The Company has recently filed an Independent 43-101 Technical Report pertaining to the interim resource estimate and has completed a video presentation on the Copper Mountain Project, all of which may be found on the company's website. The company is currently working on a Preliminary Economic Assessment of the project which should be completed shortly.
About Copper Mountain Mining Corp.:
CMMC is a new public BC resource company. The Company owns 100% of the Copper Mountain Project located 15 km south of the town of Princeton in southern British Columbia. Copper Mountain Mining Corporation's shares trade on the TSX Venture Exchange under the symbol CUM. Additional information is available on the Company's web page at http://www.cumtn.com/.
On behalf of the Board of COPPER MOUNTAIN MINING CORPORATION "Peter Holbek" Peter Holbek VP Exploration
Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at http://www.sedar.com/, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements.
http://www.cumtn.com/sitemanager/_pdf_news/251007_News_Release.pdf
CONTACT: Don Graham, Director, Investor Relations, (604) 682-2992 ext. 224; B&D Capital, (604) 685-6465
Copper Mountain Mining Corporation
CONTACT: Don Graham, Director, Investor Relations, (604) 682-2992 ext.224; B&D Capital, (604) 685-6465
Source: PRNewswire-FirstCall
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