- Alpha Copper Corp. (ALCU) has announced its first diamond drilling program update on the Indata Project
- Its program has begun and is focused on looking for substantial mineralized bodies
- The company expects the drill campaign to run until its third fiscal quarter
- Hole IN-22-76 at the Lake Copper Prospect found “encouraging” vein mineralization
- Alpha Copper Corp. (ALCU) is unchanged ad is trading at $0.49 per share as of 3:18 p.m. ET
Alpha Copper Corp. (ALCU) has announced its first diamond drilling program update on the Indata Project in British Columbia.
The company stated its summer drill program on the project has begun and is focused on looking for substantial mineralized bodies combining vein gold hosted mineralization and porphyry copper-gold mineralization. The company expects the drill campaign to run until its third fiscal quarter.
“Indata has seen quite extensive work over the past 10 years from many groups… Our discovery-focused program is moving towards what we believe is the beginning of a real understanding of the project as evidenced by the visual data and concurrent drilling so far,” Darryl Jones, CEO of Alpha, said.
Hole IN-22-76 at the Lake Copper Prospect found “encouraging” vein mineralization and both holes confirmed the extent of the intrusive entity which is receptive for porphyry copper-gold mineralization.
The first drill hole tested, IN-22-74, of the program intersected molybdenum mineralization. On top of this, hole IN-22-80 is targeting an area near identified outcrops of mineralized areas with chalcopyrite near the surface.
The Lake Copper Target was discovered through an outcrop sample taken in 2019 which had low grades of gold and copper. Alpha stated it will continue drilling hole IN-22-80 past its originally targeted depth as the core visuals are very encouraging.
Alpha Copper Corp. (ALCU) is unchanged ad is trading at $0.49 per share as of 3:18 p.m. ET.