Copperstone Resources AB (“Copperstone” or “the Company”) publishes a technical report containing a description of the work carried out over the summer of 2017.
Following the completion of the first deep drill hole campaign at Svartliden-Eva (2610m), downhole structural and geophysical studies, combined with geochemistry and mineralogy have been carried out. The outcome of these value-add studies has created a solid platform for designing an integrated exploration work programme to begin in September 2017. This programme will significantly unlock the exploration potential of the property and provide further insight into the developing geological model.
Geophysical work will now focus on implementing both a 3D Induced Polarization (IP) survey around the deep drill holes as well as a deep penetrating magneto-telluric study (AMT) over a broader area from Eva in the southern part of the project area to Granliden Hill in the northern part. This combination is aimed at locating blind Cu-Au-Zn mineralization bodies and will generate drill targets within the context of the working genetic model. Core drilling of ranked targets will then follow on from this work.
“It is our assessment that the work carried out this summer has created substantial value-add and given us clear indications of where and how to continue our exciting investigations. The use of multiple state-of-art exploration techniques also ensures a cost efficient, precise and rapid exploration process which benefits the project, our stakeholders and the Companies share-holder base”, comments Copperstone project geologist Chris McKnight.
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
For further information, please contact CEO Per Storm, Copperstone, +46 705 94 90 24, e-mail: firstname.lastname@example.org or refer to Copperstone Resources webpage: www.copperstone.se.
This press release contains insider information which Copperstone Resources AB is obliged to publish according to the EU market abuse regulation (MAR). The information was delivered by the above mentioned contact for publishing August 29, 2017 at 08.00 CET.
Copperstone Resources AB (publ) is a mining exploration company focusing on the Copperstone project in the vicinity of the Skellefte field. This project has the potential to become one of the largest base- and precious metal deposits in the Nordic Region.
Copperstone Resources has five exploration tenements covering approx. 8756 acres and two mining concessions and one applied concession covering a total of 82 acres.
The share (COPP B) of the Company is traded on Nasdaq First North Stockholm with G&W Fondkommission as the Certified Adviser.
Appendix: Svartliden-Eva deep drilling update and proposed future work programme.