JAG makes copper discovery

A regional exploration program by International Jaguar Equities (JAG-V) has resulted in the discovery of an area of extensive copper mineralization at the Lord River project in the Taseko Lakes area, 190 km north of Vancouver, B.C.

Company geologists discovered the Charlie Northwest occurrence while conducting regional mapping and prospecting. The showing, which occurs over an area of 2.6 sq. km, is reported to be characterized by showings of azurite and malachite, with outcrop showings of native copper.

Initial sampling of the oxide copper zone has returned values in excess of 1% copper on surface. Additional assays are pending.

The junior is particularly intrigued by the geological setting of the mineralization, which was found at the base of an acid-leached alteration zone. The peripheral area contains mineral springs that are actively depositing ferricrete. On-site geologists view the occurrence as representing leached and altered porphyry copper mineralization.

The Lord River project is prospective for mesothermal and epithermal gold-silver deposits and large, copper-molybdenum-gold deposits. The company’s land package includes the Pellaire deposit, which hosts several high-grade, gold-silver-bearing quartz veins.

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