Posted in | Gold | Copper | Mining Business

OK2 Minerals Announces Completion of First Three RC Drill Holes at Pyramid Cu/Au Project

OK2 Minerals Ltd. is pleased to announce the confirmation of a mineralized porphyry body at the Central Zone as the result of the completion of the first three reverse circulation (RC) drill holes on the Pyramid Cu/Au project at the northern tip of BC's "Golden Triangle".

The 2017 reconnaissance (RC) drill program commenced on June 2nd, with the initial three holes targeting the previously undrilled Central Zone. The Central Zone, located 3.5km ENE of the West Zone is an area with little outcrop defined by anomalous soil geochemistry up to 975 ppm Cu in addition to favourable IP chargeability and resistivity anomalies. Geologically, the Central Zone is believed to represent a diorite porphyry body responsible for the epithermal style mineralization at the East Zone which returned values up to 11.5 g/t Au (News Release Oct 21, 2014). IP geophysics indicates a shallow 1km long NW trending chargeability anomaly that increases in width at depth.

PY-17-01 (155.45m) was collared in a chargeability low to the west of the anomalous chargeability trend and PY-17-02 (100.59m) and PY-17-03 (163.07m), were drilled 460m apart within the chargeability high. All three drill holes intersected propylitic alteration with PY-17-02 and PY-17-03 intersecting regions of quartz sericite porphyry (QSP) alteration overprints. All drill holes intersected sulfide mineralization including pyrite, chalcopyrite, and pyrrhotite. Visual estimates range up to 10% total sulfide in portions of PY-17-03, where intense QSP alteration includes feldspar veins containing mineralized quartz vein clasts. Copper mineralization occurs as both disseminated and quartz vein hosted chalcopyrite.

The rock chip samples will be shipped to ISO certified SGS Canada Minerals in Burnaby, B.C for preparation and analysis and based on positive results; deeper follow up diamond drilling could be included in OK2's August diamond drill program.

Mike Devji, CEO states: "This is an excellent start to the first regional exploration project at Pyramid. The RC drilling is designed to identify targets for diamond drilling of the program, and these first three holes have met all our expectations of the Central Zone. We look forward to updating the market with the results."

Source: http://www.ok2minerals.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit