Following PJX’s Sullivan-style discovery, in February 2024, Coast Copper staked a complete of three mineral claims comprising the Sully property, and has now expanded its measurement.
On its web site, the corporate mentioned its property covers floor that hosts the strike extension to the north of the beneficial Aldridge Formation, cross constructions to the northeast and extra floor to the east of the PJX discover.
Historic regional geochemical surveys on the Sully property have returned anomalous outcomes of silver and lead in-stream sediments, which the Coast Copper workforce is anticipated to observe up on. A rock seize pattern taken in 1999 returned 1.675 grams per tonne (g/t) gold, 228 g/t silver, 3.83% copper, 3,010 components per million (ppm) lead and 4,270 ppm zinc, highlighting the exploration potential of the realm inside 10 km of the PJX discovery.
“We’re happy to have elevated the dimensions of our Sully property within the historic Sullivan mining camp as it’s potential for each Sullivan-style large sulphides and likewise copper, gold and molybdenum porphyries related to Cretaceous aged monzonite and syenite intrusions,” Coast Copper CEO Adam Travis mentioned in a information launch.
“Earlier than PJX made their discovery of Sullivan-style mineralization on claims adjoining to ours, additionally they famous important, intrusion-related gold, copper and silver mineralization with values as much as 15.59 g/t gold, 1.11% Cu and 721 g/t,” he mentioned.
In the meantime, the corporate stays targeted on the Empire Mine property, additionally in BC, that was beforehand explored by Cominco. This 157.5-sq.-km. land package deal holds a mineral useful resource estimate of 594,000 tonnes within the inferred class grading 0.51% copper and three.52 g/t gold.
Shares of Coast Copper jumped 18.1% on the finish of Tuesday’s session, giving the junior explorer a market capitalization of C$4.4 million ($3.2m).