- CAVU Mining (CAVU) has completed drilling the Franklin Skarn on its Hopper Copper-Gold Project
- The Hopper Copper-Gold Project is located in the Yukon
- Three holes were drilled in the Franklin skarn and have been logged, sampled and sent for assays
- The company is “encouraged” by results of the drilling so far
- CAVU Mining is unchanged, trading at $0.425 at 10:32 am ET
CAVU Mining (CAVU) has completed drilling the Franklin Skarn on its Hopper Copper-Gold Project.
The Hopper Copper-Gold Project is located in the Yukon.
Three holes were drilled in the Franklin skarn and have been logged, sampled and sent for assays.
To date, 550 metres have been drilled in the Franklin and LV skarn zones.
All holes have intersected skarn zones with visible copper-sulphide mineralization consisting of chalcopyrite.
The Vancouver-based company is currently drilling the LV and JG skarn zones. After the targets are tested, the program will test the main porphyry target with a 350-metre deep hole. The porphyry hole will be the second diamond drill hole to ever test the porphyry mineralization on the claim.
“We are encouraged by our findings from the skarn drilling so far. As a result of our thorough assessment of geophysical and historical data, the drilling so far has yielded intersects that have extended the skarn to the south by 250 metres. This brings the footprint of skarn mineralization based on drilling to approximately 1350 x 650 metres. Based on all data sets, the Company believes the footprint may be as large as 1700 x 1100 metres.
Now that we are confident in the skarn mineralization and our ability to expand its known footprint, we look forward to the porphyry drilling which will commence in a matter of days,” said CAVU Mining CEO Jaap Verbaas.
CAVU has the option to earn a 70-per-cent interest in the Hopper Project from Strategic Metals.
CAVU Mining is primarily engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector.
While the company is currently focused on the exploration of its flagship Hopper Copper-Gold Project in the Yukon, it continues to evaluate complimentary mineral projects in mining-friendly jurisdictions.
CAVU Mining is unchanged, trading at $0.425 at 10:32 am ET.