Further drilling by Campbell Resources (CCH-T, CBLRF-O) at the Corner Bay copper deposit south of Chibougamau, Que., has intersected more mineralization at depth and west of the previously known zone.
The new intersections are west of a diabase dyke that had traditionally been thought to cut off the mineralized zone at around 600 metres depth. The intersections west of the dyke carry copper grades mainly in the 2% to 5% range, over true thicknesses of 0.4 to 6.7 metres.
A new resource calculation, including the recent drilling, puts the measured and indicated resource at 967,000 tonnes grading 5.25% copper, based on a 3% copper cutoff grade. Another 793,000 tonnes grading 6.6% copper are inferred.
Dropping the cutoff grade to 2% brings the measured and indicated resource to 1.2 million tonnes at 4.64% copper, plus an inferred resource of 1 million tonnes at 5.76% copper.
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