Copper Road Identifies Priority JR Zone Targets for Upcoming Drill Program at Its Project in Batchewana Bay, Ontario - Seite 2

Copper Road Resources President and CEO John Timmons comments:

“The JR Zone contains lengthy intersections of near-surface breccia and porphyry-hosted mineralization that are untested at depth and untested for by-product minerals. Confirmatory MMI lines and historical geophysics demonstrate the potential for a larger zone of mineralization at the Jogran Porphyry and additional larger breccia targets to the northwest and to the south of the Richards Breccia. We are confident that our proposed summer exploration program will demonstrate the potential of the JR Zone to host a large-tonnage near-surface copper deposit containing a suite of by-product minerals.”

JR Zone: Historical Exploration and Recent Work

Historical exploration at the Richards Breccia and Jogran Porphyry was conducted by Jogran Mines (1964), Phelps Dodge (1966), Duration Mines (1988), Noranda (1992) and Aurogin Resources (1997-98). The drilling encountered broad near-surface intersections of copper mineralization that are untested below 150-175 m and have not been additionally drill tested since 1964 (Jogran) or 1998 (Richards). It is also important to note that many of the historical holes were not completely assayed, nor were most holes assayed for possible by-product credits such as Au, Ag, W or Re.

Jogran Porphyry 1964 DDHs:
JDH-13 from 5 to 152 m: 147 m @ 0.27% Cu, 0.068% MoS₂   (0.55% Cu Eq)
JDH-16 from 5 to 170 m: 165 m @ 0.23% Cu, 0.054% MoS₂   (0.44% Cu Eq)       

Richards Breccia 1997-98 DDHs:
AR98-07 from 36 to 63 m: 27 m @ 1.46% Cu, 0.17 g/t Au, 3.8 g/t Ag
AR97-25 from 42.5 to 83 m: 40 m @ 0.86% Cu, 0.06 g/t Au, 3.5 g/t Ag

Figure 1: JR Zone Long Section

In the summer of 2022, three reconnaissance MMI soils lines were completed by the Company, including one long line (2.2 km) along the presumed strike trend of the mineralization, and two “wing” lines, one each directly over the Jogran Porphyry (1.2 km) and the Richards Breccia (1.1 km) (see Figure 2: MMI map of Jogran area).

Figure 2: JR Zone MMI Lines and Proposed DDHs

All lines returned strongly anomalous Cu, Mo, W, Ag and localized Au over the known occurrences (confirming limited historical drilling and trenching) extending the Cu and Mo anomalies for hundreds of metres in most directions (anomaly J1) and discovering new Cu anomalies (J2, R2-R4.). This indicates the potential for a much larger footprint of the known mineralization, which at this point, with only 3 reconnaissance lines, is as much as 1.5 km along strike and up to 550 m wide (open). Anomalous W and Ag form a broad halo over the whole system, with local Au strongest at Jogran (J1) and new Target R4.