Vancouver – Drilling by Firesteel Resources (FTR-V) on its wholly-owned Copper Creek project, located in the Stikine Arch of northwestern British Columbia, continues to deliver wide intercepts of significant porphyry copper-gold mineralization.
This year’s drill program has returned decent copper and gold values over considerable widths. The latest hole, CC2004-05, cut over 52 metres (from surface) grading 0.8% copper and 0.73 grams gold per tonne, with the entire hole, 242 metres of core, averaging 0.44% copper and 0.32 grams gold.
The first four holes, of the company’s planned seven-hole drill program, have outlined a mineralized zone of about 200 metres by 200 metres with near surface copper enrichment within a supergene blanket.
Firesteel’s drill program was designed to test the depth extent of the copper-gold mineralization at the DK (formerly Dick) prospect where, earlier this year, chip sampling along a trench returned 0.37% copper and 0.23 grams gold over its entire 270 metres. A large, coincident copper-in-soil geochemical anomaly with gold values also overlies the area.
Firesteel Resources has a market capitalization of around $5.6-million, based on its reported 24.4-million shares outstanding and recent 23 per share trading price.
Be the first to comment on "Further Copper Creek intercepts for Firesteel"