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Copper Mountain Mining Corporation
("CMMC" or the "Company") announces assay results from
the last five diamond drill-holes of the 2010 exploration program completed
in the Saddle zone and below Pits 1 and 2 of the Copper Mountain
project. Drilling was targeted at defining additional mineralization in
areas outside of the current mine plan, specifically, within the upper
elevations of the Saddle zone and adjacent to the lower elevations of the
Saddle zone, below the Pits 1 and 2. Overall, the program was
successful in defining additional mineralization in the western end of the
Saddle zone, expanding mineralization in the Pit 2 area to depth, and adding
mineralization on the north side of Pit 1. The significant intersections
below the south wall of Pit 2, where both grade and continuity of
mineralization appears to be improving with depth, as well as the
intersections in the western part of the Saddle zone are expected to be
accretive to the resource base and could be a significant factor in
determining future pit expansions.
A total of fourteen holes were drilled from the Saddle zone along six
northwest-southeast oriented sections which were spaced on approximate 60m centres (see attached plan map). Results from five
holes collared in the Saddle zone, with four extending below Pit 1 and one
below Pit 2, are listed in the table below and are the final results from the
2010 drill program. All six of the holes drilled under Pit 2, one on
each of the six sections, returned significant intersections, with the
highest grades coming from the easternmost drill hole, 10SD-64 (127.5m
grading 1.01% Cu, 2.4 g/t Ag and 0.25 g/t Au). These intersections
demonstrate that mineralization in Pit 2 extends to depth, locally to more than
200m below the currently designed Super-pit.
Pit 1 and Pit 2 Areas: Significant
Drill Intersections
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Hole_ID
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Area Direction
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From (m)
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To (m)
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Interval (m)
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Cu_%
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Ag g/t
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Au g/t
|
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10SD-64
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Pit
2
NE
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90
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108
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18.0
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0.47
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1.33
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0.04
|
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and
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Pit
2
NE
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396.5
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542.0
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127.5
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1.01
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2.38
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0.25
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incl
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444.0
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483.0
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39.0
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2.33
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4.85
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0.38
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10SD-66
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Pit
1 SW
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174.0
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192.0
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18.0
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0.29
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1.00
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0.10
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10SD-72
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Pit
1 SW
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295.0
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331.4
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29.4
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0.56
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1.77
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0.09
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10SD-73
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Pit
1 SW
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81.0
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123.0
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42.0
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0.40
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1.25
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0.09
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and
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285.0
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459.0
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174.0
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0.39
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1.20
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0.08
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10SD-74
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Pit
1
SW
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150.0
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162.0
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12.0
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0.58
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0.80
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0.05
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and
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186.0
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230.0
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44.0
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0.24
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1.90
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0.54
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Drill holes 10SD-66, and 74 are shorter holes drilled from the Saddle
to the southwest towards Pit 1 and 10SD-72 and 73 are deeper holes testing
below Pit 1. Drill holes SD-66 and 74 intersected scattered,
narrow zones of mineralization in the area below northwest wall of Pit
1. 10SD-72 was drilled deep below the south-eastern side of Pit 1 and
apart from some narrow intersections in the upper part of the drill hole did
not intersect significant mineralization and may have drilled down through
what appears to be a highly albitic, late intrusive
phase which forms the un-mineralized part of the Saddle zone. 10SD-73
was drilled from the Saddle below the north side of Pit 1 and intersected
174m grading 0.39% Cu, 1.20g/t Ag and 0.08g/t Au, pushing the Copper King
mineralized zone further south into the Pit 1 area.
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.
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 analysis.
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 Corporation:
Copper Mountain is a Canadian 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
Stock Exchange under the symbol "CUM". Copper Mountain owns
75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain
Project. The 18,000 acre mine site is located 20 km south of the town
of Princeton in southern British Columbia. The Copper Mountain Project
has a current resource of approximately 5 billion pounds of copper, the
project is fully financed ($438M), in construction, and on schedule for the
mine to produce approximately 100 million pounds of copper per year by mid
2011. Additional information is available on the Company's web page at 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 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.
To view maps associated with this release, please see:
http://files.newswire.ca/596/copper_mountain_0329.pdf
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