Fabled Copper Corp has announced the fourth set of results from the 2021 surface fieldwork on its Muskwa Copper Project, comprised of the Neil Property (previously referred to as the North Block) and the Toro Property (previously referred to as the South Block) in Northwestern British Columbia, which saw it examine underground workings at the Harris Vein.
The company noted that the host rocks of the Harris copper vein occurrence consist of fine-grained gray slates, finely interbedded or layered with black shales. The portal of the Harris vein is located at 1,782 meters vertically and a rubble sample D-723396 taken at adit entrance consisted of quartz, dark rusty brown on the weathered side, and white with sub-netted textured and in part fracture filling with yellow – yellowish gray sulphides of pyrite and chalcopyrite with 5% chalcopyrite, 10% pyrite and pyrite incapsulating the chalcopyrite in places. This sample assayed 2.96% copper.
It pointed out that 30 meters above the adit the internal Harris vein is intersected and the drift follows the vein for another 118 meters. The drift ranges from 2.0 - 3.5 meters in width and 2 - 3 meters in height. The Harris vein proper, is composed of bull white quartz and carbonate with blobs, blebs and stringers of chalcopyrite which can be massive at times. It appears the vein in truncated by the nose of a synclinal fold.
The company said it will not be further evaluating the Harris vein and it appears to be terminated.
Frankfurt listing commences
Fabled Copper also announced the listing of its common shares for trading on the Frankfurt Stock Exchange (FSE) under the symbol XZ7 and WKN # AC39NH.
The FSE is the world's third-largest organized exchange-trading market in terms of turnover and dealings in securities. With over 3,000 international companies listed on the FSE and investors directly connected to the FSE, it represents 35% of the world's investment capital.
The company's shares will now be cross-listed on the TSX Venture Exchange and the Frankfurt Stock Exchange. Fabled Copper said expects the FSE listing will help increase trading liquidity and facilitate investment in the company by institutional and retail investors across Europe. This listing does not impact the total number of common shares outstanding in the company, it added.
Peter Hawley, president and CEO of Fabled, commented: "Fabled is committed to building shareholder value and the Frankfurt Stock Exchange listing will enable international investors to participate in the Company’s growth and development. We feel this is a great opportunity to introduce Fabled to a European investing audience.”
Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia.
The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.
Fabled Copper was spun-out to Fabled Silver and Gold Corp shareholders and its common shares commenced trading on the Canadian Securities Exchange (CSE) on December 21, 2021,
Contact the author at jon.hopkins@proactiveinvestors.com