- CopAur Minerals (CPAU) announced results from its Q4 2022 drilling program at the Bolo Project
- Two core holes totalling 409 meters were drilled at the project’s South Mine Fault Zone
- These are the first diamond drill core holes to test the core of the high-grade mineralization at the South Mine Fault Zone
- CopAur has now acquired a 50.01 per cent ownership interest in the Bolo project
- Shares of CopAur are down 7.27 per cent to C$0.51 as of 11:29 a.m. ESET on Tuesday
CopAur Minerals (CPAU) announced results from its Q4 2022 drill program at its Bolo Project in Nye County, Nevada.
In a press release, the company said two core holes totalling 409 meters were drilled at the South Mine Fault Zone to infill and expand on areas with known mineralization.
Highlights:
- Both core holes targeting the South Mine Fault Zone intersected significant gold.
- Hole BL22-04 returned a broad intercept of 1.5 g/t gold over 79 metres, including 3.0 g/t gold over 17 metres.
- Hole BL22-05 returned 1.1 g/t gold over 94 metres, including 2.5 g/t gold over 15 metres.
These are the first diamond drill core holes to test the core of the high-grade gold mineralization at the South Mine Fault Zone.
The holes will also provide significant information in order to understand the lithology, alteration, and mineralization style.
CopAur Minerals also said that 10 reverse circulation (RC) holes totalling 1,947 meters were completed to test exploration geochemical targets on the East Fault trend.
“We are very pleased with these significant near-surface gold grades, in addition to the presence of a relatively untested lower gold zone that we expect will be part of the focus of future drilling as we look to expand the footprint of the South Mine Fault Zone, and continue to systematically evaluate the multiple untested priority exploration targets that remain within the Bolo Project,” Jeremy Yaseniuk, CEO of CopAur, said in a release.
The company has acquired a 50.01 per cent ownership of the Bolo project.
Shares of CopAur Minerals Inc. (CPAU) are down 7.27 per cent on Tuesday to C$0.51 as of 11:29 a.m. EST.