Altum Resource Corp. Reports Results of 16.55 g/t Au, 46.4% Cu and 144 g/t Ag from its 2020 Adam West Exploration Program
![Altum Resource Corp. Reports Results of 16.55 g/t Au, 46.4% Cu and 144 g/t Ag from its 2020 Adam West Exploration Program](https://www.minenportal.de/media/goldseiten-news.jpg)
Highlights from the 2020 program include:
- Delineation of a 5 km long by >500 m wide zone at Boyes Creek containing abundant anomalous copper. A total of 147 grab samples were taken in this zone during 2019/2020 and 102 returned values >0.25% Cu with 32 exceeding >2.5% Cu;
- Discovery of the Sisters Copper showing, with peak values of 46.4% Cu and 144 g/t Ag;
- Extension of Adam West copper zone; and,
- Mapping of the Lucky Jim gold showing identified a dilational zone within a north-trending fault system. Sampling in 2020 returned up to 16.55 g/t Au.
James Walchuck, CEO of Altum commented, "We are pleased with the results of this field program. The area of anomalous copper has been significantly expanded, and an important new copper occurrence has been discovered. The high-grade gold-copper-silver mineralization at the Lucky Jim occurrence is now better understood and better documented."
The Company has identified the following specific areas of the claim that require further investigation:
Boyes Creek
The copper anomaly at Boyes Creek consists of bornite veins within an east-trending shear zone striking 600 m, which has been offset by later faulting. There are at least four discrete bornite-rich veins and numerous veinlets associated with this shear zone, which dips steeply to the south. Mineralization is up to 4 m wide and includes discrete veins up to 25 cm wide.
The Sisters
The 20 m wide Sisters Copper showing exhibits abundant malachite, chalcopyrite and bornite on thin shears and fractures. The central portion of this structure includes a 2 m wide, strongly silicified, steeply dipping, west-northwest-trending shear zone with discontinuous internal bornite veinlets and stringers. Ten grab samples were collected from this showing and returned 1.36% to 46.4% copper and silver from 2.7 to 144 g/t. A parallel associated zone 100 m north of the Sisters Copper showing was traced for 1200 m to the northwest and consists of copper mineralization (<12%) and anomalous gold values (<2.5 g/t) within and along shallow veins and amygdules.
Adam West
At Adam West, chalcopyrite, bornite and malachite occur on fractures, in irregular quartz veins, and in amygdules in massive basalt flows immediately below a thin limestone horizon. Mapping/prospecting in 2020 extended the strike of this zone from 140 m to 750 m. High copper values in soils in areas of no outcrop between Boyes Creek and Adam West suggest that more mineralization is present than is evident in surface outcrops.
Lucky Jim
This gold ± silver-copper-zinc occurrence comprises five distinct mineralized areas over a combined strike length of approximately 150 m along the Adam River and occurs within structural dilation along a dextral north-trending fault zone. Mineralization is within and adjacent to veins within sheared basalt at or proximal to the contact with a capping limestone cap (Fig. 3). The basalt-limestone contact has been folded at Lucky Jim into a Z pattern, which may have repeated the mineralization. Eight samples were collected in 2020; these returned peak values as high as 16.55 g/t Au, 21.1 g/t Ag, 1.55% Cu and 0.96% Zn (different samples). A total of 54 grab samples from this zone collected over the past two years returned 25 with gold values in excess of 1 g/t Au and peak values of 69.4 g/t Au, 129 g/t Ag, 9.54% Cu and 2.19% Zn.
In general anomalous gold is rare on the Property other than the Lucky Jim occurrence. Two samples of epidote altered amygdaloidal basalt associated with flat copper-bearing veins in the northwest part of the Property returned results of 1.93 and 2.52 g/t Au; these results are intriguing because flat veins typically would not be well represented in outcrops. A pyrite-rich shear discovered this season west of Boyes Creek ran 1.67 g/t Au, but it is not clear how far this can be traced.
Additional exploration is planned for the continued evaluation of the property before drill-testing.
It should be noted that, due to their selective nature, assay results from grab samples noted above may not be representative of the overall grade and extent of mineralization on the subject areas.
Quality Control/Quality Assurance
Sampling included insertion of blanks into the stream of samples for chemical analysis. Every twentieth sample was a blank. Rock samples were delivered by Altum consultants to ALS Global's laboratory in Vancouver, where they were processed. Analysis for gold was completed by fire assay and for other elements by ICP analysis. ALS is a certified and accredited laboratory service. Gold results varied from below detection to a high of 16.55 g/t, silver from below detection to 144 g/t, copper from 56 ppm to 46.4%, lead from below detection to 36 ppm and zinc from 2 ppm to 0.96%. Soil samples were delivered to Aztec Geoscience Inc. in Comox, where they were dried at ambient temperatures for nine to twelve days, sieved through a 4 mm mesh screen and analyzed with a C Series VantaTM handheld XRF (X-Ray Fluorescence) analyzer. Copper was the main element of interest; results ranged from below detection to 548 ppm.
The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., who is a Qualified Person as defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects.
Figure 1: Interpreted Geology of the Adam West Property
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Figure 2: Altum's Grab Sample Copper Results from 2019 and 2020 Programs
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Figure 3: Geology of the Lucky Jim Occurrence
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About Altum Resource Corp.
Altum is a mineral exploration and resource development company focused on identifying economically viable resource opportunities in the Americas.
On behalf of the Board of Directors
James Walchuck, Chief Executive Officer and Director
T: 604.259-7707
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