VANCOUVER, Dec. 4 /CNW/ - Copper Mountain Mining Corporation ("CMMC" or
the "Company) announces that it has received results from the recently
completed Titan 24 deep penetration geophysical survey on the 100% owned
Copper Mountain project, situated near Princeton, British Columbia. The Titan
survey results have been interpreted with the aid of three dimensional
inversion programs and outlined several large areas of high chargeability,
both near to surface and at depth (see
known mineralization and the interpreted geological model for the area,
correlate well with the chargeability anomalies, providing confidence in the
survey interpretation. The chargeability anomalies provide several large
target areas for follow-up drill testing.
The Copper Mountain property is host to a large alkalic porphyry
copper-gold-silver system where historical production from 1927 to 1996
amounts to approximately 1.7 billion pounds of copper. An interim resource
estimate from September 2007 and based on drill results up to July 20th, 2007
using a 0.25% Cu cut-off, pegged the measured and indicated resources at 163
million tons grading 0.43% with an additional 114 million tons grading 0.37%
Cu in the inferred category (see press release date Sept. 6, 2007).
Historically, gold and silver by-products contributed about 12% to the value
of the copper concentrate. The company has recently released the results of a
Preliminary Assessment that indicates an economically attractive project and
recommends proceeding with a Feasibility Study.
The Titan 24 Deep Earth Imaging system is the most advanced electrical
earth imaging technology available. Measuring parameters of DC (resistivity),
IP (chargeability) and MT (magnetotelluric resistivity), the Titan 24 measures
to depths of 750 meters with IP and to depths of more than 1.5 kilometers with
MT data. These depths and multi-parameter data make the system one of the best
options available for obtaining subsurface information related to geologic
structure and for the direct detection of mineral deposits.
"The results of the Titan deep earth imaging suggest that the exploration
geologist's enthusiasm for the project is well-founded, and supports the
growing evidence for continuation of extensive zones of mineralization to
depth," stated President and CEO, Jim O'Rourke.
Current drilling is focussed on upgrading inferred resources within the
preliminary pit design to the measured and indicated categories as well as
extending mineralization to the west of Pit 2. Drilling continues with
five drills which will deliver results continuously early into the first part
of 2008 and an updated, 43-101 compliant resource estimate is planned for
early in 2008. Following completion of this program, drilling will shift to
testing new targets outlined by the Titan Survey.
The Copper Mountain project is strategically situated 300 km east of
Vancouver, British Columbia, and is a former producer with extensive
infrastructure in place, including power and water. The site can be accessed
year round by paved roads.
About Copper Mountain Mining Corp.:
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 Copper Mountain Project which holds the
mineral claims and crown grants over the 18,000 acre mine site. Copper
Mountain Mining Corp. has the goal of developing the Copper Mountain Project
into a major copper and precious metal producer within the next three years.
Additional information is available on the Company's web page at
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
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.
For further information:
For further information: Don Graham, Director, Investor Relations, (604)
682-2992 ext. 224, Email: don@CuMtn.com; or B&D Capital, (604) 685-6465