$0.23
Copper Ace
Projects
Copper Ace Project, Central British Columbia
Copper Ace Property, Gibraltar Mine Area, Central British Columbia
Target |
Property and Ownership Description |
Project Description |
Historical Exploration |
Future Plans |
Related News Releases |
Figures
Target: Porphyry copper-molybdenum deposit
Property and Ownership Description:
In 2004, the Company acquired by staking a 100% interest in the Copper Ace North, Copper Ace South and Copper King properties, covering porphyry-style targets that adjoin the Gibraltar copper-molybdenum mine located 45 km north of Williams Lake, in the Cariboo Mining Division. In 2006, the Company staked an additional 5,515 hectares, including the Sheridan target, to bring the project to a total of 10,050 hectares in four separate properties.
Project Description:
The Copper Ace properties surround the Gibraltar Mine property. The claims cover late Paleozoic Cache Creek Group sediments and mafic volcanic rocks cut by intrusive rocks related to the Granite Mountain Batholith. This is a Late Triassic, medium to very coarse-grained quartz diorite to tonalite intrusion that has been variably deformed, metamorphosed and hydrothermally altered and forms the host rocks for the Gibraltar copper-molybdenum deposits.
Historical Exploration:
Prior to Copper Ridge's acquisition, exploration on the Copper Ace properties had been minimal and included prospecting, mapping, some soil sampling and surface evaluation of known showings. At Copper Ace South and Copper Ace North, grids were established in the late 1990's and soil surveying and IP surveys were carried out. Beyond one reconnaissance hole drilled in 1981, no drilling has been reported on any of the properties. Reports indicate up to 7.2% copper in historical surface sampling at Copper Ace North.
During 2005, the Company entered into an agreement with Bell Resources Corporation ("Bell"). Bell completed a compilation program in August, 2004 and in September 2004 completed a 9 hole, 1,496 m drill program to test targets on the Copper Ace North claim block. Although high grade values were not returned, intervals of anomalous copper mineralization, up to 40 metres in width, are indicative of an anomalous, but sub-ore grade copper and molybdenum system. In 2006, Bell returned the Copper Ace properties to the Company.
During the 2005 field season, the Company carried out additional line cutting, soil sampling and IP surveying over the southern part of the Copper Ace South property. The work outlined additional coincident copper soil and IP chargeability anomalies that trend onto the Gibraltar Mine property and are along trend from known mineralization at Gibraltar.
In November and December, 2006, the Company completed 801 m of drilling in 3 holes on coincident copper soil and IP anomalies on the Copper Ace South property. Assays from the drilling include 3.43% copper and 0.425 g/t gold over 1.6 m within a 72.4 m interval of 0.09% copper in hole 2 (from 63.4 to 135.8 m) and 0.11% copper over 15.4 m at the bottom of hole 3 (from 281.0 to 296.4 m). In May and June of 2007, the Company completed a 13 hole, 3219 m program to test the coincident IP chargeability and copper soil geochemical anomalies adjacent to the 3 hole 2006 drill test. Although most of the drill holes intersected altered and sheared "mine series" tonalite, with intervals of disseminated chalcopyrite and locally molybdenite, copper and molybdenum values were low. Additional soil sampling was also carried out on the Copper King, Sheridan and Copper Ace North claim blocks.
In 2006 and 2007, the Company completed a wide-spaced soil sampling survey over the Sheridan property. This survey outlined a roughly circular, 1.5 km diameter, low intensity copper-molybdenum anomaly in an area believed to be covered with thick overburden. An IP survey completed in December, 2007, defined a strong chargeability anomaly that was coincident with the soil anomaly.
In February 2008, the Company completed a 5 hole, 1,000 m drill program to test the Sheridan anomaly. The chargeability anomaly was found to be caused by pyritic and graphitic sediments. No porphyry-style mineralization was encountered in any of the holes. The source of the soil geochemical anomaly has not been explained.
Future Plans:
No further exploration is planned for Copper Ace at this time.
Figure 1. Copper Ace Project claims and location map.
Figure 2. Copper Ace South project relative to the Gibraltar Mine.
| January 11, 2008 | New Porphyry Target To Be Drilled At Copper Ace Project | |
| August 24, 2007 | Copper Ace Final Results | |
| August 08, 2007 | Copper Ace Results | |
| May 24, 2007 | Drilling is Underway at the Copper Ace South Project | |
| January 19, 2007 | Copper-Gold Intersection at Copper Ace Project | |
| November 21, 2006 | Drilling Underway At Copper Ace Project | |
| August 18, 2006 | Copper Ridge Field Program Update | |
| July 13, 2006 | Copper Ridge Expands Copper Ace Project | |
| January 21, 2005 | Bell Resources Corporation Updates Copper Ace Project | |
| November 16, 2004 | Bell Resources Corporation Announces the Commencement of Drilling at Copper Ace | |
| August 09, 2004 | Assay Results On Copper Ace Properties Drilling Program Planned | |
| August 04, 2004 | Copper Ridge Farms Out Copper Ace Properties | |
| May 05, 2004 | Copper Ridge Acquires Copper Ace Properties | |
| June 02, 1999 | Kinross Signs Agreement with Copper Ridge | |
| March 09, 1999 | Agreement with KGE Management Ltd. | |
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