VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 26, 2015) – Copper North Mining Corp. (“Copper North” or the “Company”) (TSX VENTURE:COL) is pleased to announce the commencement of Phase 2 drilling at the Carmacks copper-gold-silver deposit in central Yukon.
Phase 1 fill-in drilling of Zone 2000S and Zone13 indicated strong continuity of oxide and sulphide mineralization (see news releases dated September 8, September 23, and October 22, 2015). Phase 2 drilling will continue to add fill-in drill holes and explore the extension of the mineralized zones and provide necessary drill information to complete resource estimation. Phase 2 drilling will also include the definition of near surface oxide copper mineralization in Zone 12. This year’s drilling in Zones 2000S, 13 and 12, will, upon completion of the Phase 2 drilling, have tested approximately 35% of the 2,000 metre long mineralized structure. The zones are open for expansion to depth and along strike.
Once the Company has the Phase 2 drilling results, it intends to prepare an updated resource estimate.
Dr. Harlan Meade, P.Geo. is the Qualified Person responsible for the preparation of this news release and has reviewed and approved the scientific and technical information contained herein.
On behalf of the Board of Directors:
Dr. Harlan Meade, President, CEO and Director
About Copper North
Copper North is a Canadian mineral exploration and development company. Copper North’s assets include the Carmacks Project located in the Yukon, the Redstone Property located in the Northwest Territories, and the Thor Property in British Columbia. Copper North trades on the TSX Venture Exchange under the symbol COL.
This news release includes certain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to results from current and previous exploration on the Carmacks Project; proposed exploration plans, their timing, and results achieved from such activity; and the potential for expanding the known mineral resources. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, the timing and success of current and future exploration activities; exploration and development risks; market prices; availability of capital and financing; general economic, market or business conditions; uninsured risks; defects in title; availability of personnel, materials and equipment; unanticipated environmental impacts on operations; and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the current and proposed exploration of the Carmacks Project will proceed as planned; early exploration success will increase mineral resources; and any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Dr. Harlan Meade
President and Chief Executive Officer