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Be the first with the news that moves the market- Crown Mining (CWM) has completed a comprehensive review of historic data regarding its Moonlight copper project in California
- Crown believes the historic data points towards a couple of lengthy, moderate grade copper intercept
- The data includes a 60 foot intercept at 1.31 per cent copper, 36 feet at 2.27 per cent copper and 51 feet at 2.04 per cent copper
- Rock Chips taken from the underground mine on the property returned a 34.1-foot intercept at 2.57 per cent copper and 42 grams per tonne silver
- Crown Mining Corp (CWM) is in the grey and is trading at C$0.10 per share
Crown Mining (CWM) has completed a comprehensive review of historic data regarding its Moonlight copper project in California.
The review focused on the site’s Superior copper deposit to generate some drill targets using the previously collected data.
It appears Crown has been successful in that endeavour, finding historic data that points towards a couple of lengthy, moderate grade copper intercepts.
Three significant historic copper drill results were a 60 feet intercept at 1.31 per cent copper, 36 feet at 2.27 per cent copper and 51 feet at 2.04 per cent copper.
Alongside these drill results were rock chips taken from inside the underground mines on the property. The cores Crown has been analysing have only ever been assayed for copper, but the company has also found some significant silver and gold results.
The company found structures underground that included 34.1 feet at 2.57 per cent copper and 42 grams per tonne silver.
Other results from underground included 6.2 feet at 7.33 per cent copper and 109 grams per tonne silver alongside 8.5 feet at 6.13 per cent copper, 0.07 grams per tonne gold and 137 grams per tonne silver.
Stephen Dunn, CEO of Crown Mining, said the company has always considered the Moonlight project a Tier One copper exploration district and believes the historic data confirms that.
“We are highly encouraged by the findings of this data review, which identified substantial exploration potential in and around the superior project area.
“Exploration data confirms high-grade copper mineralization with associated high-grade silver, which has not been evaluated.
“Underground rock-chip channel assays show significant silver is associated with the copper mineralization, the implications of this could be significant with respect to the overall project potential,” he said.
Crown Mining Corp (CWM) is in the grey and is trading at C$0.10 per share at 10:20am EDT.
