Before starting follow-up drilling on the Copper Canyon project in northwestern British Columbia, Consolidated Rhodes Resources (VSE) will conduct a $100,000 program of trenching, mapping and additional soil sampling on the adjacent Copper Penny property.
The company is earning a 50% interest in the Copper Canyon project from Canamax Resources (TSE) and a 50% interest in the Copper Penny property from Teck (TSE), Silver Standard Resources (VSE) and Wilson Mining. Rhodes’ 1990 drill program tested the southwestern portion of the Central Copper zone which underlies the Copper Canyon project claims (and which is believed to extend on to the Copper Penny property). This portion of the zone is estimated to contain preliminary reserves of 35.7 million tons grading 0.75% copper and 0.5 oz. silver and 0.034 oz. gold per ton.
The Central, North and Eastern copper zones underlying both the Copper Canyon and Copper Penny claims are estimated to have the potential to host an additional 100 million tons of reserves.
Be the first to comment on "Drilling starts at Copper Canyon"