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Colorado Resources Starts Drilling on Castle Copper-Gold Property in Golden Triangle

Mining News - Published on Fri, 20 Sep 2019

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Colorado Resources Ltd announced that, further to its news release of September 3, 2019, the Company has commenced a drill program on its Castle copper-gold property, located in the Red Chris mining district within the Golden Triangle of northwestern British Columbia. An initial drill program totaling approximately 1,500 m in four holes is planned for the Castle East porphyry target. Castle East has had no previous drilling but is defined by a 500 by 700 m induced polarization chargeability anomaly, with coincident anomalous gold, copper, molybdenum in soils. This target is associated with quartz-sericite-pyrite-altered monzodiorite, a geological setting similar to other important porphyry copper-gold deposits in the district, including the Saddle North deposits of GT Gold Corp, located five kilometers to the east1. The drill holes are designed to provide important structural and geological information that will guide future exploration on this and other targets on Colorado's 19,256-hectare property.

The Company also reports that 23.5 km of IP and 1,125 km of high-resolution airborne magnetic surveying have been completed, and results are being processed. Prospecting and soil sampling work is nearly complete and a total of 838 soil samples and 178 prospecting rock samples have been submitted to lab for analyses. The sampling was focused on high-priority targets defined by 2019 and older surveys, as well as areas not previously sampled, particularly along the eastern border of the Castle property where it adjoins the Tatogga property of GT Gold.

Results of the aforementioned surveys and drilling will be released as soon as they are ready.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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