Copperstone Resources: Granliden and EVA update

Copperstone Resources (”Copperstone” or ”the Company”) is pleased to announce that the international team of geological experts that has made an excellent contribution to the project during the autumn are now being re-assembled for continued work in Malå, Sweden. Initially, the work is focused on a re-assessment of earlier available material from approx. 50 bore holes from the Eva-deposit given the experiences from the work carried out the autumn of 2016 at Svartliden. In parallel, newly provided historical drill cores from Granliden will be examined in order to finalize the application for an exploitation concession. Regarding Granliden, work on the technical description for the application is on-going as well as discussions with authorities and concerned parties subject to new official practises following new court rulings and authority decisions. The work will continue during the first quarter of 2017.

The Company has had constructive meetings and discussions with authorities as well as concerned parties regarding the application for a concession for the Eva-deposit. As the probability for a positive outcome for the concession application for Eva is considered substantial, the Company chooses to invest in, and include the Eva-deposit in the foundation for the upcoming drill programme planned for Svartliden. Initially a re-assessment of drill core and other geological information regarding the Eva-deposit is carried out. The international team, which the Company recruited during last autumn is returning in order to model the Eva-deposit, enhance the understanding of Granliden and to finalize the planning regarding the upcoming drill campaign.

“Historical data show high gold grades, up to 7 t/tonne in a few drill core, on the Eva-deposit. As Svartliden and Eva are connected it is natural that the Company uses all available information in order to obtain a coherent understanding of the entire Copperstone project. If a copper-gold porphyry-deposit is discovered beneath Svartliden/Eva it is very possible that Granliden constitute a mineralisation of the same character. For that reason, the work with an application for exploitation concession also for Granliden is carried out in parallel” comments Copperstone Resources CEO Per Storm.

For further information, please refer to Copperstone Resources webpage: www.copperstone.se, or contact Per Storm, CEO Copperstone Resources AB, +46 705–94 90 24, e-mail: per.storm@copperstone.se

 

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 biggest base- and precious metal deposits in the Nordic Region.

Copperstone Resources has eight exploration tenements covering approx. 9260 acres and two mining concessions and one applied concession covering a total of 82 acres.

 G&W Fondkommission is the Certified Adviser for Copperstone Resources AB.

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