Copper Mountain Mining Corporation - Drilling indicates a new high grade zone of mineralization at Copper Mountain: intersects 370 feet grading 1.05% cu, 0.28 g/t au, and 2.35 g/t ag



    VANCOUVER, March 3 /CNW/ - Copper Mountain Mining Corporation ("CMMC" or
the "Company) announces assay results from seven new drill-holes completed in
the eastern and western Pit 2 area of the 100% owned Copper Mountain project
where a major drill program continues.
    A series of drill-holes to the west of Pit 2 and immediately north of Pit
1 are beginning to define a new zone of higher grade mineralization that
extends for approximately 1000 feet north of Pit 1 and appears to be about 300
to 400 feet wide. Recent mapping in Pit 1 suggests that the Zone may be a
fault offset of the Copper Mountain trend mineralization that was historically
mined underground at plus 1% Cu in the Pit 3 area. The mineralization sits
under a fault-bounded, westerly-dipping wedge of barren ground. The Zone has
been intersected by the following drill holes:

    
    -------------------------------------------------------------------------
                                  Interval             Ag       Au       Cu
    Hole ID                         (ft)     Cu %      gmt      gmt     EQ(*)
    -------------------------------------------------------------------------
    CM07P2-62                        200     0.63     1.52     0.16     0.69
    -------------------------------------------------------------------------
    CM07P2-67                        400     0.69     1.71     0.26     0.79
    -------------------------------------------------------------------------
    CM08P2-92                        370     1.05     2.35     0.28     1.15
    -------------------------------------------------------------------------
    CM08P2-94                        160     0.58     1.43     0.16     0.64
    -------------------------------------------------------------------------
    CM08P2-94                        332     0.29     0.70     0.15     0.34
    CM07P1-05                         84     0.67     1.71     0.19     0.71
    CM07P1-06                        215     0.85     1.03     4.93     1.03
    -------------------------------------------------------------------------
    

    The mineralization begins at depths of about 200 feet and appears to be
raking to the southeast and generally coincides with the northwest edge of
strong, pipe shaped, chargeability anomaly defined by the recently completed
Quantec Titan 24 geophysical survey. The chargeability anomaly is a carrot
shaped zone approximately 1,200 feet in diameter that extends to depths in
excess of 3000 feet. This new zone of mineralization is situated just beyond
the western corner of the Super-pit designed for the Preliminary Assessment
(see press release November 21, 2007) and appears to be beyond the revised pit
for the Feasibility Study, which is currently under way. Because the
drill-holes in this area are still relatively widely spaced, it is unlikely
that they will form resources in the Measured or Indicated categories and
therefore will not be included in the estimated resource for the Feasibility
Study. However, exploration is on-going in this area and the drill data will
be included in subsequent pit designs and will likely result in an increase to
the resource base in the near future.
    Significant intersections from drill-holes announced in this press
release are listed in the table below and shown on the attached map.

    www.cumtn.com/sitemanager/_pdf_exploration/080303_CMMC_drill_map.pdf

    A complete list of drill results can be found on the company's website.

    
    -------------------------------------------------------------------------
                                               Inter-        Ag    Au   Cu
    Hole ID     Location     Azi  Dip From  To   val  Cu %  gmt   gmt  EQ(*)
    -------------------------------------------------------------------------
    CM08P2-90   Pit 2 East                          Assays pending
    -------------------------------------------------------------------------
    CM08P2-91   Pit 2 East   129  -48   45  155  110  0.38  1.13  0.18  0.45
    -------------------------------------------------------------------------
    CM08P2-91   Pit 2 East             290  375   85  0.32  1.47  0.09  0.35
    -------------------------------------------------------------------------
    CM08P2-92   Pit 1 North   39  -45  720 1090  370  1.05  2.35  0.28  1.15
    -------------------------------------------------------------------------
    CM08P2-93   Pit 2 East   129  -51   65  180  115  0.30  0.84  0.10  0.34
    -------------------------------------------------------------------------
    CM08P2-94   Pit 1 North   39  -51   65  145   80  0.29  0.57  0.06  0.31
    -------------------------------------------------------------------------
    CM08P2-94   Pit 1 North            208  258   50  0.26  0.96  0.06  0.28
    -------------------------------------------------------------------------
    CM08P2-94   Pit 1 North           1015 1175  160  0.58  1.43  0.16  0.64
    -------------------------------------------------------------------------
    CM08P2-94   Pit 1 North           1305 1637  332  0.29  0.70  0.15  0.34
    -------------------------------------------------------------------------
    CM08P2-95   Pit 2 West    39  -46                  NSR
    -------------------------------------------------------------------------
    CM08P2-96   Pit 2 East   309  -46   65   90   25  0.41  0.14  0.09  0.44
    -------------------------------------------------------------------------
    CM08P1-07   Pit 1 North  131  -55  160  320  160  0.48  1.24  0.08  0.51
    -------------------------------------------------------------------------
    

    Additional results include two drill-holes on the northeast end of Pit 2;
CM08P2-91 and 93, which were successful in extending low-grade mineralization
in the eastern end of Pit 2 to the north. Drill-hole CM08P1-07 was drilled
from the north side of the lower reaches of Pit 1 and indicates a continuation
of mineralization in Pit 1 to depth, below the north wall.
    
    Results from the current drilling are significant because they indicate:
        -  that new zones of high-grade mineralization can still be
           discovered in close proximity to areas of historical mining and
           could be important additions to the resource base;
        -  that mineralization continues beyond current proposed pit limits
           which facilitates expansion of the pit to depth; and
        -  that mineralization remains open to depth in all three of the
           historical pit areas.
    

    The mineralized system at Copper Mountain is classified as a
bulk-tonnage, alkalic porphyry copper deposit that is hosted within Nicola
Group volcanic rocks. Mineralization is structurally controlled and focused at
multi-directional vein intersections and within vein stockwork systems. Drill
holes are usually drilled at angles of -45 or -55 degrees to provide the best
indication of the lateral extents of vertically oriented mineralization.

    Exploration and Development Plans for 2008

    Copper Mountain is forging ahead with an aggressive exploration and
development plan for the coming year. Completion of the Feasibility Study for
early in the second quarter is on track, with a production decision to follow
shortly thereafter. Although the exploration potential on the property is very
high the Company feels it is important to establish production as soon as
possible, and therefore, the design criteria in the current Feasibility Study
is for a 35,000 ton/day operation which would produce approximately
100 million pounds of copper, 38,000 ounces of gold and 800,000 ounces of
silver annually. Continued exploration success would allow for subsequent
project expansions as the project grows.
    Currently, a 30,000 m (100,000 feet) exploration drill program is
underway which is focused on continued expansion of the resource base through
both incremental additions to known resources as well as the discovery and
delineation of new zones of mineralization as the Company follows up on the
chargability anomalies identified in the Titan 24 geophysical survey. In
addition, geotechnical and condemnation drilling is being carried out in the
areas of the proposed concentrator and crusher sites, as well as waste rock
storage and low-grade stockpile areas for inclusion in the Feasibility Study
report.

    Quality Assurance

    The company employs a system of quality control for drill results which
includes the use of blanks, certified reference material (standards) and check
assaying. Core is logged on site and split with a diamond saw. Samples are
shipped to Pioneer Laboratories for geochemical analysis of copper with all
values of greater than 1000 ppm copper being re-analysed by assay methods for
copper, gold and silver. The drilling program is being supervised by Peter
Holbek, M.Sc., P.Geo., a qualified person as defined by National Policy
Instrument 43-101.

    About Copper Mountain Mining Corporation:

    CMMC is a new public BC resource company managed by an experienced team
of professionals with a solid track record of exploration and development
success. The Company owns 100% of the 18,000 acre Copper Mountain Project,
located 15 km south of the town of Princeton in southern British Columbia. The
developed infrastructure, substantial resource, and extensive historical data
base provides an exceptional project. Copper Mountain Mining Corp. has the
goal of developing the Copper Mountain Project as a major copper and precious
metal producer within the next three years. Copper Mountain Mining
Corporation's shares trade on the TSX Venture Exchange under the symbol CUM.
Additional information is available on the Company's web page at
www.CuMtn.com.

    On behalf of the Board of

    COPPER MOUNTAIN MINING CORPORATION

    "Peter Holbek"

    Peter Holbek
    VP Exploration

    
    (*) Based on metal prices of: Copper US $3.00/lb, Gold at US $675/Oz, and
        Silver at US $12/Oz with metallurgical recoveries and smelter terms
        being considered equivalent for all metals.
    

    Note: This release contains forward-looking statements that involve risks
and uncertainties. These statements may differ materially from actual future
events or results. Readers are referred to the documents, filed by the Company
on SEDAR at www.sedar.com, specifically the most recent reports which identify
important risk factors that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates or to
release publicly any revisions to any forward-looking statement

    %SEDAR: 00025279E




For further information:

For further information: Don Graham, Director Investor Relations, (604)
682-2992 ext. 224, Email: don@CuMtn.com, Website: www.CuMtn.com or B&D
Capital, (604) 685-6465


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