CopperBank Resources Corp. (CSE:CBK) is pleased to announce that it has retained Resource Potentials (ResPot) of Perth, Western Australia, to reprocess the historic geophysics on its Copper Creek Cu-Mo-Ag project, Pinal County, Arizona. Historic geophysics on the project includes ground mag, IP, MT, and a significant airborne ZTEM-mag survey.
In 2015, the airborne ZTEM-mag survey covering 1269 line kilometers over approximately 240 kms² was completed by Geotech and Condor Consulting. The results assisted the previous operator of the project in the analysis of district metallogenesis and drill targeting. Both 2D and 3D inversions were performed.
ResPot will focus on detailing the existing geophysical and prospect anomalies and integration of the updated geologic maps, ASTER-SRTM DEM data, historic geophysics, and the extensive geochemical database with the ZTEM on detailed topography. In addition, these results will assist in future geophysical surveys being considered including MT, gravity, and 3D down-hole IP. All data will be imported into the project Leapfrog model for visualization.
Drill targeting on numerous well-documented brownfields, greenfields, and in-fill target areas is in progress and moving forward. Principal targets on the Copper Creek project are the Laramide porphyry related and well-mineralized breccia pipes, secondary enrichment, disseminated mineralization and extensive vein-swarm mineralization in the district. Potential exists for skarn-CRD related replacement targets as exploration moves forward by CopperBank. The results are expected from ResPot by mid-May, 2021.
The Copper Creek property lies at the intersection of the north-east trending Silver Bell-San Manuel-Morenci copper mine trend and stratigraphy which hosts the giant Resolution and Ray copper porphyry deposits situated 50 miles to the north-west. The Copper Creek mineralizing system consists numerous high-grade copper-molybdenum-rich breccia pipe emanating from a buried and defined porphyry copper deposit. Further exploration work is being targeted to define limits to these mineralized bodies and the potential for discovery of new breccia pipes is considered high. Only 10% of the known breccia bodies have been drill tested to date and no drilling has been undertaken at the historical resource area of Copper Creek since 2013.
Mark I. Pfau of Tellurian Exploration, Inc., is a Qualified Person under National Instrument 43-101 and has approved the technical portions of this press release. Mr. Pfau is an exploration and resource targeting specialist in the porphyry and related geologic environments.
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