• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Copper Mountain Mining Corporation - Exploration Update: Drill Intersection in Oriole Zone of 131 Feet Grading 1.34% Copper and 10.3 G/T Silver

Posted on: Thursday, 11 September 2008, 09:00 CDT

VANCOUVER, Sept. 11 /PRNewswire-FirstCall/ -- Copper Mountain Mining Corporation ("CMMC" or the "Company") is pleased to provide results from its on-going exploration program. Four drills are currently active on the property and approximately 148,000 feet (45,000 meters) of drilling has been completed so far this year. The objectives of the drilling program have been to increase the size and grade of the overall resource; particularly in areas adjacent to and below the Super-pit area, and to discover new zones of mineralization, as well as to provide condemnation and geotechnical drilling related to mine development. The discovery of new areas of mineralization has been greatly aided by the Titan 24 Geophysical Survey which outlined substantial areas of high-chargeability both near surface and at depth. Results of the drill program will be incorporated into new resource estimates, mine plans and feasibility updates at appropriate intervals.

Significant drill results continue to come from the area to the west of Pit 2, now termed the Copper King zone - which forms the westward extension of the Super-Pit, as well as from the Oriole area, located just to the south of Pit 3. Development of significant resources within the Oriole zone, could result in a southeasterly expansion of the Super-pit by more than 1,000 feet. Highlights of the results for 25 new drill-holes are included in the table below and drill-hole locations are shown on the attached map. To view the map, please visit the following link: http://files.newswire.ca/596/CuMtn_Oriole_Zone.pdf . Complete results can be found on the company's website.

Pit 2 West - Copper King:

Drilling to the west of Pit 2, in the Copper King zone, continues to extend mineralization in both northerly and westerly directions. Drilling is being conducted on 200 foot centres along 200 foot, spaced sections. Significant intersections include drill-hole P2-130 which intersected 250 feet of 0.60% Cu Eq. and drill-hole P2-140 which cut 390 feet of 0.50% Cu Eq. The higher grade core of the Copper King zone extends from the west wall of Pit 2 for 1,300 feet to the west and is enclosed within a mineralized area that extends from the north edge of Pit 1 for 1,500 feet to the north. The Copper King mineralization remains open to expansion, to the north, west and at depth, and continued expansion will result in an enlargement of the proposed Super Pit.

Oriole Zone:

Twenty, new drill-holes have been completed in the Oriole Zone, an extension of the Copper Mountain trend to the southeast of Pit 3, and assay results have been received for the first ten. Historical drilling in the Oriole area had indicated a small zone of near surface mineralization, and the Titan 24 geophysical survey suggested that the mineralized zone was likely far more extensive. The current drill program has expanded the mineralization to depth and to the north, connecting it to Pit 3, which could ultimately result in a southerly extension of the Super-Pit by more than 1,000 feet. The most significant results include drill-hole CM08O-01, which was drilled immediately south of Pit 3 and intersected 210 feet grading 0.79% Cu Eq. and drill-hole CM08O-07 which tested the central part of the Oriole zone at depth and intersected 1.34% Cu and 10.3 g/t Ag, or 1.44% Cu Eq., over 131 feet.

The mineralized system at Copper Mountain is classified as a bulk-tonnage, alkalic porphyry copper deposit that is hosted within Nicola Group volcanic rocks. Mineralization is structurally controlled and focused at multi-directional vein intersections and within vein stockwork systems. Drill holes are usually drilled at angles of -45 or -55 degrees to provide the best indication of the lateral extents of vertically oriented mineralization.

The Copper Mountain project is located 300 km outside of Vancouver, British Columbia. The Copper Mountain project is a former producer of just under 2 billion pounds of copper and as a result has extensive infrastructure in place, including power and water. The site can be accessed year round via a paved public road to the mine gate, 20 kilometres from the town of Princeton.

Quality Assurance

The company employs a system of quality control for drill results which includes the use of blanks, certified reference material (standards) and check assaying. Core is logged on site and split with a diamond saw. Samples are shipped to Pioneer Laboratories for geochemical analysis of copper with all values of greater than 1,000 ppm copper being re-analysed by assay methods for copper, gold and silver. The drilling program is being supervised by Peter Holbek, M.Sc., P.Geo., a qualified person as defined by National Policy Instrument 43-101.

About Copper Mountain Mining Corp.:

CMMC is a BC resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company's shares trade on the Toronto Venture Exchange under the symbol "CUM". The Company owns 100% of Copper Mountain Project which holds the mineral claims and crown grants over the 18,000 acre mine site. Copper Mountain Mining Corp. has the goal of developing the Copper Mountain Project as a mid tier copper and precious metal producer within the next three years. 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 statement.

Table of Significant drill results, Copper Mountain Project, to accompany news release # 14. ------------------------------------------------------------------------- Cu Hole-ID Location Azi Dip From To Length Eq* Cu Ag Au -------------------------------- (feet)(feet)(feet) % % g/t g/t ------------------------------------------------------------------------- Copper King (Pit 2-West) ------------------------------------------------------------------------- CM08P2-125 Copper King 39 -52 301 401 100 0.54 0.49 1.27 0.11 ------------------------------------------------------------------------- 531 631 100 0.66 0.58 1.74 0.17 ------------------------------------------------------------------------- CM08P2-127 Copper King 39 -45 450 580 130 0.56 0.45 1.04 0.25 ------------------------------------------------------------------------- CM08P2-130 Copper King 219 -60 255 505 250 0.60 0.49 1.38 0.25 ------------------------------------------------------------------------- 835 865 30 0.40 0.36 0.90 0.08 ------------------------------------------------------------------------- CM08P2-132 Copper King 39 -45 206 266 60 0.84 0.76 2.45 0.15 ------------------------------------------------------------------------- 855 875 20 0.84 0.76 2.15 0.17 ------------------------------------------------------------------------- CM08P2-134 Copper King 39 -65 277 327 50 0.77 0.60 1.40 0.41 ------------------------------------------------------------------------- 567 617 50 0.59 0.41 9.10 0.29 ------------------------------------------------------------------------- 717 767 50 0.60 0.49 1.16 0.25 ------------------------------------------------------------------------- CM08P2-135 Copper King 39 -68 411 611 200 0.27 0.20 0.66 0.17 ------------------------------------------------------------------------- 750 820 70 0.36 0.28 0.59 0.18 ------------------------------------------------------------------------- CM08P2-137 Copper King 39 -45 50 170 120 0.43 0.38 0.95 0.11 ------------------------------------------------------------------------- 487 517 30 0.52 0.36 0.87 0.38 ------------------------------------------------------------------------- CM08P2-138 Copper King 39 -45 317 647 310 0.42 0.34 0.77 0.19 ------------------------------------------------------------------------- 317 407 90 0.58 0.51 1.11 0.16 ------------------------------------------------------------------------- CM08P2-140 Copper King 219 -45 167 247 80 0.28 0.22 0.79 0.15 ------------------------------------------------------------------------- 347 737 390 0.50 0.40 0.96 0.24 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Oriole Zone ------------------------------------------------------------------------- CM08OL-01 Oriole 225 -45 429 639 210 0.79 0.70 2.22 0.20 ------------------------------------------------------------------------- incl. 429 579 150 1.06 0.93 2.89 0.27 ------------------------------------------------------------------------- CM08OL-02 Oriole 225 -48 240 290 50 1.03 0.78 4.68 0.54 ------------------------------------------------------------------------- results CM08OL-04 pending 225 -48 ------------------------------------------------------------------------- CM08OL-05 Oriole 225 -45 100 250 150 0.44 0.40 1.99 0.07 ------------------------------------------------------------------------- 520 535 15 1.94 1.81 9.67 0.15 ------------------------------------------------------------------------- results CM08OL-06 pending 225 -46 ------------------------------------------------------------------------- CM08OL-07 Oriole 225 -45 255 355 100 0.29 0.27 2.13 0.02 ------------------------------------------------------------------------- 504 635 131 1.44 1.34 10.30 0.08 ------------------------------------------------------------------------- CM08OL-08 Oriole 225 -54 1207 1272 65 0.29 0.26 1.71 0.04 ------------------------------------------------------------------------- CM08OL-09 Oriole 225 -48 110 120 10 2.41 2.18 14.80 0.32 ------------------------------------------------------------------------- CM08OL-11 Oriole 225 -48 1695 1775 80 0.33 0.30 1.44 0.06 ------------------------------------------------------------------------- ------------------------------------------------------------------------- * CuEq. based on metal prices of: Copper at $2.50/lb, Gold at $675/Oz and Silver at $12/Oz with metallurgical recoveries at 100%.

Copper Mountain Mining Corporation

CONTACT: Don Graham: Director, Investor Relations, (604) 682-2992 ext.224, Email: don@CuMtn.com, Website: http://www.cumtn.com/; or B&D Capital, (604)685-6465

Source: PRNewswire-FirstCall

More News in this Category