Copper Mountain 2008 exploration drill program final results

    TSX : CUM

    VANCOUVER, Jan. 21 /CNW/ - Copper Mountain Mining Corporation ("CMMC" or
the "Company") is pleased to provide the balance of assay results from its
2008 exploration program. A total of 63,126 metres of drilling was completed
making this one of the largest exploration drilling programs in Canada. The
2008 program was successful in the extending known mineralized zones, and in
defining new areas of mineralization. A number of the drilling successes also
demonstrated significant correlation of copper mineralization with the Titan
24 geophysical results. The objectives of the drilling program were to
increase the size and grade of the overall resource base, particularly in
areas adjacent to and below the currently defined Super-pit area, and discover
and/or define new zones of mineralization. In addition, a certain amount of
condemnation and geotechnical drilling was required in order to move forward
with mine development. All assay data has now been received, compiled,
verified and incorporated into the extensive project database and the
previously reported, December 2007 resource estimate, is currently being
updated with the 2008 results. Highlights of results from the final 41 drill
holes are included in the table below. All data can be viewed at the company's
website. Following completion of the new resource estimate, the Company will
refine existing mine plans to further optimize the project.
    The most significant exploration results of the program came from the
area to the west of Pit 2, termed the Copper King zone, from depth extensions
in the Pit 3 area, expansion and delineation of the Mill Zone and expansion
and upgrading of the Oriole deposit. Additional results were also obtained
from drill-holes filling in some of the remaining gaps within the Saddle zone.

    Copper King

    Drilling to the west of Pit 2, in the Copper King zone, has extended
mineralization by 2,000 feet to the west. The defined area of mineralization
measures 2,000 feet (west of Pit 2) by 2,000 feet (north of Pit 1) and to
depths of 1,000 feet. Mineralization remains open to the west and at depth.
Drilling was carried out on approximate 200 foot spacing of inclined holes. An
east-west trending band, approximately 200 to 300 wide, of mineralization
grading above the 0.5% copper range forms a core to the mineralized zone and
correlates very well with the core of the very high Titan 24 chargeability
anomaly. The chargeability anomaly extends to depths in excess of 2,600 feet.
Some of the more significant intersections include drill-holes: P2-67 with 400
feet of 0.79% Cu Eq.; P2-130 with 250 feet of 0.60% Cu Eq.: and P2-140 with
390 feet of 0.46% Cu Eq. Drill-hole P2-151, from this release, is the most
north-westerly hole in the zone and intersected a near surface zone of 280
feet grading 0.42% Cu, with additional lower grade intersections at depth.
This step-out hole confirms that the zone remains open to the northwest and
that additional drilling is warranted in this area for the Company's 2009
exploration program.

    Pit 3 Area

    Drilling in the Pit 3 area was conducted to define additional resources
in the pit walls and to extend mineralization to depth. Drilling in the pit
walls was successful in intersecting mineralization in areas peripheral to
known mineralization and in some new areas, particularly along the
north-eastern wall in a trend highlighted by the Titan 24 geophysical survey.
Deep drilling below Pit 3 was successful at demonstrating the extension of
mineralization to depth. Drill-hole P3-08 was 3,000 feet in length drilled
from eastern edge of Pit 3 and intersected four zones of mineralization. The
deepest of which, was 322 feet (254 feet in horizontal thickness) grading 1.5%
Cu Eq. and occurs 1,200 feet below the current pit bottom and 600 feet below
the bottom of the Feasibility design pit. Subsequent drill holes confirmed the
continuity of mineralization to these depths and geophysical data indicates
that chargeability anomalies extend to much greater depths. Results in the
attached table highlight the grades obtained below the Pit 3 area and the
other areas tested.

         Table of intersection highlights from final 2008 drill holes

    Hole-ID    Location    Azimuth Dip From   To Length Cu Eq   Cu   Ag   Au
         Copper King
        (Pit 2-West)                     ft   ft     ft          %  ppm  ppm
    CM08P1-16  Pit 1 West               819  937    118  0.41 0.37 1.16 0.08
    CM08P1-22  Pit 1 West      234 -57 1224 1417    190  0.52 0.45 1.29 0.16

    CM08P2-150 Pit 2 West       45 -48  690  940    250  0.37 0.29 0.66 0.20
    CM08P2-151 Pit 2 West       45 -47  220  500    280  0.42 0.36 0.74 0.15
    CM08P2-127 Pit 2 West       39 -45  450  580    130  0.56 0.45 1.04 0.25
          Pit 3 Area
    CM08P3-43  Pit bottom      214 -76  271  355     84  0.69 0.57 1.94 0.26
    CM08P3-45       "          248 -67  620  853    233  0.78 0.67 3.44 0.21
    CM08P3-49       "          223 -72  120  390    270  0.60 0.56 1.43 0.07
    CM08P3-50       "           37 -51   60  340    280  0.62 0.57 1.95 0.08
    CM08P3-52       "           45 -52    9  219    210  0.79 0.71 3.95 0.13
    CM08P3-53       "          224 -69   10  210    200  0.76 0.70 1.77 0.11
    CM08P3-55       "           57 -75  266  324     58  1.91 1.61 12.9 0.54
    CM08P3-55       "                   374  534    160  0.62 0.56 2.71 0.10
    CM08P3-57       "          233 -50  750  850    100  0.77 0.63 3.65 0.30
    CM08P3-58       "           74 -45  381  521    140  0.64 0.61 1.79 0.05
          Saddle Zone
    CM08SD-58                   39 -46  540  730    190  0.65 0.57 1.43 0.18
    (*) Based on metal prices of: Copper US $1.80/lb, Gold at US $800/Oz, and
    Silver at US $12/Oz with metallurgical recoveries at 92%, 60% and 50%,

    Oriole Zone

    Twenty drill-holes were completed in the Oriole Zone, an extension of the
Copper Mountain trend to the southeast of Pit 3, and resulted in an expansion
of mineralization with significantly high grades. Drill hole OL-07 intersected
131 feet grading 1.44% Cu Eq. and nearby OL-17 intersected 119 feet of 2.31%
Cu Eq. The Oriole zone is a relatively small area but may provide an
economically significant starter pit which would likely merge into Pit 3,
resulting in a southeasterly expansion of the Super-pit by more than 1,000
feet. Additional drilling is warranted in this area and will be incorporated
into the Company's 2009 exploration program.

    Saddle Zone

    The Saddle area between Pit 2 and Pit 3 was predominately drilled during
the 2007 program but the block model for the Feasibility study indicated a
number of untested areas at depth where resources could be developed. An
additional 6 holes were completed to test some of the barren areas. Results
were modestly favourable with potential to add to the resource base in this

    Mill Zone

    The Mill Zone area is a small plateau area just to the east of Pit 2.
Initial condemnation drilling related to the proposed crusher location
identified some broad zones of lower grade disseminated mineralization with
some bands of higher grade mineralization. A wide spaced drill grid was
subsequently established over the area. A total of 23 drill holes were
completed and indicate a large area of 1,400 by 2,300 feet of generally,
low-grade mineralization, with some higher grade sections. Potential
development of this area will be dependent upon the results from the current
resource estimation and subsequent mine planning.
    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.
    The Copper Mountain project is located 300 km outside of Vancouver,
British Columbia. The Copper Mountain project is a former producer of just
under 2 billion pounds of copper and as a result has extensive infrastructure
in place, including power and water. The site can be accessed year round via a
paved public road to the mine gate, 20 kilometres from the town of Princeton.

    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 1,000 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 Corp.:

    CMMC is a BC resource company managed by an experienced team of
professionals with a solid track record of exploration and development
success. The Company's shares trade on the Toronto Venture Exchange under the
symbol "CUM". 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
as a mid tier 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

    "Peter Holbek"

    Peter Holbek
    VP Exploration

    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, 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:; or B&D Capital (604) 685-6465;

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