Vancouver —
The 1,200-metre program is being funded by a unit of
Whereas previous operators explored and drilled the property for copper mineralization in the 1970s, the target now is a large hydrothermal system that could represent a near-surface, flat-lying, porphyry copper-gold deposit or a variety of iron oxide copper-gold (IOCG) deposit.
The Papa Bear copper-gold soil anomaly is 11 km long and 2-2.5 km wide. A recent induced-polarization survey outlined a trend of enhanced chargeability at least 5 km long. The geophysical anomalies, which include two large core zones, are believed to reflect disseminated sulphide mineralization. In limited sampling to date, gold mineralization shows a strong correlation with chalcopyrite.
Copper Ridge has secured 11 early-stage gold and copper properties in the Yukon, three of which are optioned to other companies.
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