Positive Drill Results Continue To Come In From Drilling At New Ingerbelle
Web Site: www.CuMtn.com
TSX: CMMC
VANCOUVER, Oct. 26, 2017 /CNW/ - Copper Mountain Mining Corp. (TSX: CMMC) (the "Company" or "Copper Mountain") is pleased to announce additional results from its drilling program at the New Ingerbelle deposit near the Copper Mountain mine. Results from the first four holes, out of a total of 14 planned holes, correlate with the block model grades interpolated from historical drilling and confirm the significant gold grades for this area. The purpose of the drill program is to validate historical drill data and increase the deposit size, which has the potential to add 10 or more years to production life.
The planned program consists of approximately 5,000m of drilling and significant results from the first four drill holes are tabulated below. Highlights include 121.7m grading 0.36% Cu and 0.16g/t Au in drill hole 17IG-02 and 137.2m grading 0.35%Cu and 0.24g/t Au in drill hole 17IG-04.
New Ingerbelle Significant Drill Results
| Hole ID | Azi | Dip | Length (m) | From (m) | To (m) | Interval (m) | Cu % | Au g/t | Ag g/t | Cu Eq % |
| 17IG-01* | 317 | -49 | 303 | 3.0 | 161 | 158 | 0.29 | 0.21 | 0.47 | 0.41 |
| Incl | 3.0 | 103 | 100 | 0.37 | 0.28 | 0.6 | 0.53 | |||
| Incl | 3.0 | 75 | 72 | 0.42 | 0.30 | 0.65 | 0.59 | |||
| 17IG-02 | 134 | -49 | 234 | 32.6 | 57 | 24.2 | 0.40 | 0.41 | 0.66 | 0.63 |
| 90.6 | 212.3 | 121.7 | 0.36 | 0.16 | 1.00 | 0.46 | ||||
| Incl | 118 | 188.1 | 70.1 | 0.44 | 0.16 | 1.47 | 0.54 | |||
| 17IG-03 | 207 | -51 | 337 | 90.5 | 185 | 94.5 | 0.27 | 0.20 | 0.52 | 0.39 |
| Incl | 166.7 | 185 | 18.3 | 0.48 | 0.30 | 0.82 | 0.65 | |||
| 249 | 267.3 | 18.3 | 0.29 | 0.25 | 0.61 | 0.43 | ||||
| 17IG-04 | 267 | -51 | 368 | 17.4 | 54 | 36.6 | 0.25 | 0.17 | 0.54 | 0.35 |
| 78.3 | 118 | 39.7 | 0.39 | 0.31 | 0.86 | 0.57 | ||||
| 145.4 | 282.6 | 137.2 | 0.35 | 0.24 | 0.57 | 0.49 | ||||
| Incl | 145.4 | 194.2 | 48.8 | 0.39 | 0.28 | 0.68 | 0.55 | |||
| 212.5 | 252.1 | 39.6 | 0.57 | 0.38 | 0.86 | 0.79 |
| *Previously released |
About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who owns 25% of the mine. The Copper Mountain mine has a large resource of copper that remains open laterally and at depth. This significant exploration potential is being explored over the next few years in order to fully appreciate the property's full development potential. Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
"Peter Holbek, M.Sc., P. Geo."
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.
SOURCE Copper Mountain Mining Corp.
Contact
Dan Gibbons, Investor Relations, 604-682-2992 ext. 238, Email: Dan@cumtn.com; Rod Shier, Chief Financial Officer, 604-682-2992 ext.222, Email: Rod@CuMtn.com; Website: www.CuMtn.com