- Colossus Resources Corp. (CLUS) provided channel sampling results from inaugural prospecting on its Master Copper Project
- Completed in Q4 2022, one channel (samples 81720-81729) returned 1.316 per cent copper (Cu) and 0.210 grams per ton (gpt) Au over 6.9 metres, including 2.565 per cent Cu and 0.419 gpt Au over 3.2 metres
- The results from the prospecting and sampling provided guidance for the team to locate and prioritize targets and plan a follow-up 1,000-1,200-metre drill program in the first half of this year
- Colossus (CLUS) was up 22.22 per cent, trading at C$0.22 per share as of 9:55 am ET
Colossus Resources Corp. (CLUS) provided channel sampling results from inaugural prospecting on its Master Copper Project.
Completed in Q4 2022, one channel (samples 81720-81729) returned 1.316 per cent copper (Cu) and 0.210 grams per ton (gpt) Au over 6.9 metres, including 2.565 per cent Cu and 0.419 gpt Au over 3.2 metres.
Historical mineralization on the property consists of quartz or quartz-carbonate vein sheets, anastomosed or breccia-weld vein systems mineralized with pyrite, chalcopyrite, specularite, and occasionally bornite, galena, and sphalerite.
Highlights:
| UTM E | UTM N | Samp. | L’th m | Description | Au ppm | Cu % |
| 334566 | 5144858 | 81555 | Grab | 0.004 | 0.552 | |
| 334566 | 5144860 | 81556 | Grab | 0.003 | 0.536 | |
| 334050 | 5144882 | 81570 | Grab | 0.019 | 1.415 | |
| 333992.4 | 5144851 | 81603 | 0.3 | White qv, most rusty with up to 3 % malachite staining and crystals, around darker mineral, possibly Fe from Cpy to malachite transform | 0.044 | 0.821 |
| 334066 | 5144829 | 81621 | 0.45 | QV with greenish grey patches engulfing med to coarse 20-30% cpy, bornite? Sharp northern and southern contacts, qv slightly topo higher than the adjacent qvs, contacts oriented 110/70 S, few greenish-buff grey feldspar/ser veinlets XRF on duplicate pc: 4.3,8,20 % Cu and 6,9,18 % Fe | 0.016 | 2.02 |
| 334268 | 5144978 | 81648 | Grab | Qv with 30% med to coarse cpy | 0.028 | 1.515 |
| 334269.9 | 5144941 | 81675 | 0.45 | Grey qv brecciated, hematite fractures, feldspar/ser
fragments and veinlets, 20% med to coarse cpy, darker sulphide (specularite) or cpy alteration |
0.025 | 1.415 |
| 334269.7 | 5144940 | 81676 | 0.4 | Grey qv, brecciated shear at southern contact at 300/80N,
25-30% cpy overall XRF shows Cu, and 2-300 ppm Pd with some Cd, Massive clot of cpy |
0.041 | 3.63 |
| 334402 | 5144929 | 81711 | Grab | Qv with massive to semi massive sulphides | 0.634 | 7.31 |
| 334505 | 5144882 | 81712 | Grab | 0.046 | 2.93 | |
| 334397 | 5144927 | 81723 | 0.7 | Hematitized qv. Pink, whiite fractures, trace clotty hem, cpy, py | 0.106 | 0.244 |
| 334396.3 | 5144925 | 81725 | 0.7 | Blue-grey qv, 2-5 % coarse clotty, cpy, py, hm | 1.035 | 2.13 |
| 334396 | 5144925 | 81726 | 0.5 | Blue-grey qv, 2-5 % coarse clotty, cpy, py, hm | 0.136 | 2.38 |
| 334395.7 | 5144924 | 81727 | 0.7 | Blue-grey qv, 2-5 % coarse clotty, cpy, py, hm, 10 cm clot of semi-massive sulphide from 7.1-7.2 m | 0.734 | 4.31 |
| 334395.4 | 5144924 | 81728 | 0.7 | Blue-grey qv, 2-5 % coarse clotty, cpy, py, hm | 0.032 | 2.99 |
| 334395.1 | 5144923 | 81729 | 0.6 | Blue grey qv, 20-30% cpy+py, trace bornite, and malachite along fractures, semi massive at 8.9-91 m at bottom contact | 0.021 | 0.693 |
With the assistance of Minroc Management Ltd., the 2022 field program compiled data, worked on geological mapping of outcrops and sampled geologically prospective areas and identified veins. Prospecting confirmed that two Cu-bearing vein systems are present on the property.
The results from the prospecting and sampling have provided guidance for the team to locate and prioritize targets and plan a follow-up 1,000-1,200-metre drill program in the first half of this year.
The Master Copper Property is located 38 km west of Elliot Lake and 90 km east of Sault Ste. Marie, in the Algoma District of Northern Ontario and consists of 15 mining claims.
Colossus Resources Corp. (CLUS) is an exploration and development stage mining company. The company’s principal business activities include the acquisition and exploration of mineral property assets. The company holds interests in early-stage mineral exploration properties in Ontario. It holds interest in Master Cu Project, Little Joe Fault Cu Project, and Red Lake Pringle South Project.
Colossus (CLUS) was up 22.22 per cent, trading at C$0.22 per share as of 9:55 am ET.
