Fabled Copper Corp. (CSE:FABL) has announced the results of 2022 surface field work on its Muskwa Copper Project in British Columbia, including several samples with grades above 10% and one as high as 29.3%.
The junior mining exploration company noted that the eastern extension of the Eagle Creek copper occurrence is located on the Neil Property roughly 1.5 kilometres (km) east of the 6400 Eagle Vein adit where a 2022 underground light detection and ranging (LIDAR) survey was completed.
Eagle Creek flows northward into Yedhe Creek and it is located in the same valley that contains the eastern end of the 6400 adit and Eagle Vein exposure that are located on the west cliff face of the valley. During the summer of 2022 the company said the Eagle Creek, the east extension of the Eagle Creek copper occurrence, as well as the western, north and southern extensions, and the backside of the Eagle vein, were all visited on separate occasions.
READ: Fabled Copper uncovers high-grade copper samples at Eagle Creek copper occurrence in British Columbia
"The western side of the Eagle Creek copper occurrence was visited by a three-person field team consisting of two geologists and a geo technician on July 7 2022 during the summer field season,” Fabled Copper president and CEO Peter Hawley said in a statement.
“Over the course of the traverse a vertical altitude of 158 meters was examined and sampled. A total of 12 float samples were collected, of the 12 samples collected, 11 assayed greater than 0.5% copper, seven greater than 10% copper and four greater than 20% copper.”
'Impressive' results
- Float sample D-723669, taken at the 1,702-meter (m) elevation, consisted of massive sulphides weathered black/brown and brassy yellow and a broken fresh surface with minor white and peacock blue specs. The sample contained 95% chalcopyrite and 2% bornite and 3% quartz and returned 19.55% copper;
- At 1,696m, float sample D-723672 consisted of white/beige colored quartz with moderate malachite and trace azurite copper alteration. Up to 6% chalcopyrite occurs as patches and the sample returned 5.50% copper;
- Float sample D-723674, taken at 1,704m, consisted of semi-massive sulphides and quartz veining, with brassy yellow with white patches and thin seams on a fresh surface. The sample contained 80% chalcopyrite and a trace of bornite and assayed 18.75% copper;
- At 1,801m, 97m vertically above float sample D-723674, float sample D-723675 consisted of massive sulphides and minor quartz veining and brassy yellow on a fresh surface with white patches and seams and contained 95% chalcopyrite and trace of bornite. This high-grade sample assayed 20.1% copper;
- Downslope at an elevation of 1,704m, float sample D-723676 was taken. It consisted of massive sulphides, brassy yellow on a fresh surface with white patches and minor sediment fragments and consisted of 92% chalcopyrite and 3% bornite which returned a very high copper assay value of 22%;
- At an elevation of 1,776m, float sample D-723678 revealed massive sulphides, brassy yellow on a fresh surface with peacock blue specs and moderate malachite staining. The sample contained 90% chalcopyrite and 7-8% bornite and returned 29.3% copper;
- Float sample D-723679 was taken at 1,710m and was composed of quartz and iron carbonate and abundant malachite copper alteration with a trace of azurite. Sulphides were composed of 40% chalcopyrite and 2% bornite which returned 22.1% copper; and
- Two meters below sample D-723679, float sample D-723681 was composed of quartz with black siltstone fragments with abundant malachite copper alteration and contained 10-12% chalcopyrite as fracture filling, blebs and disseminations. This sample returned 15.1% copper.
The company said more results of the 2022 exploration of the Eagle Vein will be released in the coming weeks.
Fabled Copper's current focus is to create value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia.
The company’s Muskwa Project is located in the Liard Mining Division in northern British Columbia and is comprised of the Neil Property, the Toro Property and the Bronson Property.
In addition, Fabled has the newly acquired Volt 1, 2 and OHM lithium properties in the Abitibi area of Quebec.
Contact the author at stephen.gunnion@proactiveinvestors.com