CAVU Mining Announces Drill Program on Hopper Porphyry Project
Vancouver, April 6, 2022 - CAVU Mining Corp. (CSE: CAVU) (OTCQB: CAVVF) (FSE: 8NQ) ("CAVU" or the "Company") is pleased to announce drilling on the Hopper Project will commence early May. The Hopper Project is in the traditional territory of the Champagne and Aishihik First Nations.
Highlights
- Drilling to focus on both new porphyry discovery potential and Copper Castle massive sulphide skarns
- Minimum 5,000m diamond drill program
- Contractors secured
- Mobilization to site expected mid-April
"After modeling the mineralized skarn horizons and defining our targets we are pleased to announce the coming drill program. This program is substantially larger than our 2021 program and is set to start ahead of schedule," stated Dr. Jaap Verbaas, CEO of CAVU. "We are in a position to execute an efficient program with 2,000m of drilling planned in the porphyry targets and 3,000m in the Copper Castle skarn."
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Figure 1. Modeled skarn horizons (red) and faults, together with drill collars and traces. The modeling will guide the Copper Castle Drilling in 2021. Drill-holes shown to the northwest (figure top left) of the skarn horizons targeted porphyry mineralization. The planned drill collars and drill targets will be outlined in more detail in a future news release.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7764/119436_20aad2e9947339ba_003full.jpg
Local hiring
Local hiring is a priority for CAVU, to ensure the communities closest to our projects have a chance to benefit from our exploration activities. Contractors for the drill program are secured and the Company is pleased to work with local First Nations to ensure job openings and contracting opportunities are made available to them. Mobilization to site is expected in mid-April.
Qualified Person
Derrick Strickland P.Geo. (1000315), is the qualified person as defined in the National Instrument 43-101 and has reviewed and approved the technical information presented within this news release.
About CAVU Mining Corp.
CAVU Mining Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector. The Company is currently focused on the exploration of its Hopper Copper-Gold Project in Yukon and continues to evaluate complimentary mineral projects in mining-friendly jurisdictions. For more information visit www.cavumining.com.
On behalf of the board of directors,
Dr. Jaap Verbaas, P.Geo.
CEO and Director
CAVU Mining Corp.
jverbaas@cavumining.com
604-493-2997
Forward-Looking Statements
All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission and the Ontario Securities Commission.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119436