Large Scale Mineral Resource Potential at the Copperstone Area
Published 28th September 2018
Copperstone Resources AB (“Copperstone” or “the Company”) is building a model to define a large-scale copper resource at Granliden/Svartliden. The model also opens up significant blue-sky potential. An Inferred Resource is to be established by the end of October 2018.
Following the 2018 drilling campaign and analyses of new and old drill cores, the Company is now building a combined geological and grade model for the project, and is in the process of estimating the code-compliant Mineral Resources at Granliden Hill and Svartliden.
The Mineral Resource estimates are subject to verification by a Qualified Person according to the 2017 PERC Standard. The quantified results will be communicated when verified, hopefully at the end of October 2018. Results are expected to be well in excess of the previously communicated (2014) Exploration Target of 60-100 million tonne but with grades of approximately 0.3-0.5% Cu (Zn).
Copper mineralisation at Granliden Hill is open to the north, with historic drill holes nearly 1km away intercepting similar style mineralisation at exceptional grades. The blue sky potential of the project is seen to be substantial and further regular spaced drilling is cardinal to unlocking and upgrading the Mineral Resource potential.
“The last four years of creative exploration is building towards a very significant answer in the copper industry of Sweden. In combination with the large base of historic drill cores, we are steadily proving our hypothesis. Our new model is coherent and exciting, bringing together all we have discovered and the fantastic results we have created this year. I’m confident that there is at least a ten-fold increase of the current Inferred Mineral Resources, and still substantial blue sky potential beyond that.” says CEO Chris McKnight.
The Competent Person’s Report will be provided by Geovista AB under the supervision of registered Qualified Person Thomas Lindholm.
For further information, please contact Chris McKnight (CEO) at +46(0)580-88890, or email@example.com or refer to Copperstone webpage: www.copperstone.se.
This press release contains insider information which Copperstone Resources AB (publ) is obliged to publish according to the EU market abuse regulation (MAR). The information was delivered by the above mentioned contact for publishing 28th September 2018 at 08:30 CET.