OTTAWA, Dec. 18 /CNW Telbec/ - On October 28, 2009 the company announced that it has completed its 2009 exploration program on the Caribou Dome copper prospect in Alaska consisting of 2,038 feet of surface diamond drilling in two holes, DH-103 and DH-104. These holes targeted a previously undrilled portion of the western extension and deeper portion of Zone 6. Approximately 600 feet of core was brought back to Anchorage for further study.
In November 2009, the company sent 47 core samples to ALS Chemex in Fairbanks, Alaska for analysis. ALS Chemex assay procedure ME-ICP41a was used to quantify the presence of 34 elements with those assays showing greater than 0.5% copper being subjected to an additional Cu-OG46 procedure.
In the interval between 339 feet and 346 feet in DH-104, copper mineralization consisting of massive and finely bedded chalcopyrite were recovered. This seven-foot interval is a new zone of mineralization not previously encountered. The weighted average grade over the seven feet was 1.83% copper with the highest value at 4.64% copper over 2.2 feet. In addition, the 2.2 foot interval contained 0.26 opt of silver. Additional drilling will be required to determine the strike, dip, true width, and spatial extent of this new discovery.
Deeper in DH-104, the 6.8-foot interval from 669.2 feet to 676.0 feet encountered copper with a weighted average 0.51% in line with lode 6 at depth confirming the continuation of mineralization at depth.
While no visible copper was observed in DH-103, elevated levels of copper (0.25%) were observed over a four-foot interval in line with the mineralized zone of the eastern portion of lode 6.
Significant results ((greater than)0.10% Copper) within the 47 samples are as follows:
Drill Sample Interval Copper
Hole From To %
103 928.0 932.0 0.25%
104 339.0 341.2 4.64%
104 341.2 342.6 0.14%
104 342.6 343.9 0.08%
104 343.9 345.6 1.09%
104 345.6 346.0 1.82%
104 669.2 671.9 0.26%
104 671.9 674.0 0.88%
104 674.1 676.0 0.44%
Note: Results for assays over 0.5% are from ALS Chemex'
Cu-OG46 process and all others are from ME-ICP41a process.
Caribou Copper Resources holds 97 claims totaling 10,240 acres in the Matanuska-Susitna Borough in Alaska. The Caribou Dome prospect is located about 160 miles north east of Anchorage and 70 miles to the east of Cantwell. The entrance to the property is via an unimproved road approximately fourteen miles long that connects with the Denali Highway, 55 miles east of Cantwell. Further information concerning the corporation and the property and the 2009 work program can be found in the corporation's filings available on SEDAR.
The technical contents of this release were approved by Dr. Donald L. Stevens CPG-7573, of Stevens Exploration Management Corp., qualified person as defined by National Instrument 43-101.
SOURCE Caribou Copper Resources Ltd.
For further information: For further information: contact Mr. Pierre Vella-Zarb, Caribou Copper Resources Ltd., 950, Gladstone Avenue, Suite 120, Ottawa, Ontario, K1Y 3E6, (613) 232-1642 x206 (tel), (613) 232-1658 (fax)