Source: Junior Mining Network
  • Big Red Mining (RED) has completed preliminary drilling on its Dobie Lake Copper Property
  • The British Columbia mineral resource company completed nine holes covering 1,900 metres during the program
  • The property comprises 131 claims totalling 6,500 acres, and is located approximately 100 kilometres from Sault Ste. Marie, Ontario
  • The visual presence of copper mineralization comprising chalcopyrite or chalcocite has been reported in seven holes
  • Big Red Mining is unchanged, trading at $0.11 at 11:26 a.m. EST

Big Red Mining (RED) has completed preliminary drilling on its Dobie Lake Copper Property.

The British Columbia mineral resource company completed nine holes covering 1,900 metres during the program.

The property comprises 131 claims totalling 6,500 acres, and is located approximately 100 kilometres from Sault Ste. Marie, Ontario. It surrounds and covers extensions of the past-producing Jentina Mine.

The visual presence of copper mineralization comprising chalcopyrite or chalcocite has been reported in four of the five holes at Canamiska and two of the holes on the ALPHA Vein.

Core logging has been completed and assays are awaited. 

“We are excited to receive the assays from this, our first drilling on the Dobie Copper Property. The presence of copper mineralization in the form of chalcopyrite and especially chalcocite is very encouraging. We know chalcocite mineralization yields higher copper values than chalcopyrite,” said Big Red Mining CEO Jag Sandhu.

The company remains focused on conducting future drilling campaigns on the Dobie Lake copper property to maximize its mineable resource potential.

Big Red Mining is unchanged, trading at $0.11 at 11:26 a.m. EST.

More From The Market Online

Teck misses Q1 profit on lower steelmaking coal sales

Canadian mining stock Teck Resources Ltd. (TSX:TECK.A and TECK.B; NYSE:TECK) missed Q1 profit estimates on Thursday.
The Market Online Video

Exploration company provides project portfolio update

Banyan Gold Corp. (TSXV:BYN) is focused on exploration and advancing and de-risking its AurMac Gold Project in the Yukon.