Continental Precious Minerals (TSX:CZQ) is pleased to announce that mobilization of all equipment and supplies as well as drill pad construction has been completed for the DOK property’s 2014 drilling program that is expected to commence in early July. The 2014 drilling program consists of approximately 2,000m of diamond drilling in three holes to test the two large areas of coincident mineralized and altered volcanic and intrusive rocks that exhibit positive chargeability and resistivity signatures.
The drilling program, which is now permitted, has been awarded to Tahltan Drilling Corp.
DOK Property Highlights;
The geology, alteration, host rocks and style of mineralization on the DOK property exhibits many similarities with other known large alkalic porphyry copper-gold deposits located in northern British Columbia such as the Schaft Creek deposit held by Teck Resources Limited and Copper Fox Metals Inc.
The exploration results for the two targets to be tested in 2014 includes:
-- Widespread copper-gold-silver mineralization (with significant
concentrations of molybdenite) hosted in volcanic rocks of the Stuhini
Group as well as quartz monzonite, quartz diorite, and granodiorite
intrusives; all of which exhibit strong potassic alteration,
-- The mineralization in outcrop coincide with two large, copper-gold-
molybdenum-silver soil geochemical anomalies and broad positive
chargeability and resistivity signatures,
-- The northwest drill target measures 2,000 metres long by 1,400 metres
wide. The southeast drill target measures 1,500 metres long by 900
metres wide. The soil geochemical anomalies in both targets are open
along strike. The metal concentrations within these targets range from
200 to 9,820 parts per million ("ppm") for copper; from 0.03g/t to 2.2
g/t gold; molybdenum from 14 to 135ppm and from 0.6g/t to 84.5g/t
-- Numerous mineralized outcrops containing medium to high-grade copper-
gold-silver mineralization along with significant (less than 100ppm)
concentrations of molybdenum occur outside of the two targets to be
tested in 2014, and
-- Rock chip sampling completed within the northwest target during the
early 1970's returned;
a. 0.66% copper over 38 metres,
b. 0.73% copper over 16 metres,
c. 0.32% copper over 25 metres.
The two drill targets to be tested in 2014 and the 81 copper occurrences located to date on the property occur within a prominent northwest trending, two kilometers wide by 10 kilometers long structural feature identified by an airborne magnetometer survey in 2011. The significance of this structural feature is not known at this time.
Phil van Angeren, P. Geol., a Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed, verified and approved the technical information disclosed in this news release.
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