Vancouver – A massive sulphide prospect discovered in the 1970s by Craigmont Mines and drilled by Minnova in the early 1990s was staked by Strongbow Exploration (SBW-V) after the most recent owner allowed the claims to lapse. The Chu Chua project is situated about 80 km north of Kamloops, in south-central B.C.
Previous operators carried out more than 7,500 metres of drilling on the 280-hectare property, along with ground-based geophysical surveys. Several resource estimates were prepared over the years, all of which pre-date National Instrument 43-101 reporting standards.
Strongbow cites a historic “open-pit reserve,” published in the 1992-1993 Canadian Mines Handbook, of 1.04 million tonnes grading 2.98% copper, 10.2 grams silver and 0.54 grams gold per tonne, and 0.3% zinc. The company cautions that a Qualified Person has not classified this estimate as either a current mineral resource or reserve, and the historic information should not be relied upon for investment purposes.
Base metal mineralization at Chu Chua is hosted within a north striking, steeply westward dipping succession of basaltic rocks, and consists of two major (and several minor) massive sulphide lenses.
Strongbow intends to compile all available exploration data for the project in advance of a summer field program. The company has other projects in B.C., including properties in the emerging Spences Bridge epithermal gold district.
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