Management moving quickly to start the exploration of newest Copperview project
" ("GLM" or the "Company") is pleased to announce that it has retained Exploration Facilitation Unlimited Inc. ("EFU"), a geological consulting company, to initiate a reconnaissance exploration program on the "Copperview Project" bordering Kodiak Copper Corp.'s ("Kodiak") (TSX-V: KDK) "MPD Property" in south-central British Columbia.
The Copperview project is situated on the same regional geologic trend as Kodiak's MPD Property which recently reported an intercept in drill hole MPD-20-004 of 282 meters averaging 0.70 percent copper and 0.49 grams gold per tonne (PR Kodiak September 3, 2020). More recently (PR Kodiak September 14, 2020) Kodiak has announced a CAD $12.5 million dollar financing with Canadian major Teck Resources Ltd. subscribing to $10.5 million of the placement.
EFU will mobilize a four-man crew to the Copperview Project within a week. Field activities will include prospecting, rock and soil sampling, and geological mapping with an initial focus on nine (9) known Minfile (BC government designation) mineral showings or occurrences. In addition, on claims located approximately 4 kilometers northwest of Kodiak's drill hole MPD-20-004, the exploration crews will prospect for extensions of, and parallel zones to, the Conglin Creek copper showing located near the eastern claim boundary. An extensive network of logging and ranching roads allows year-round access to most target areas over the project area.
The Copperview Project comprises 17 claim blocks totaling over 204 square kilometers (20,437 hectares) over a large area measuring 40 kilometers in an east-west direction, by 30 kilometers in a north-south direction.
Much of the Copperview Project has seen only limited exploration activity and only a few shallow drill holes. Historic exploration focused largely on exposed surface mineral showings and several large untested copper-in-soil and gold-in-soil anomalies are known and can quickly be advanced to new near-term drill targets. With some exploration activity dating to the 1960-1970s, many historical copper intervals were not assayed for gold, representing underexplored gold potential. Company management will provide further information on pending exploration plans on the Copperview Project following a detailed review and compilation of Minfile and assessment reports and a site visit.
