Alpha Copper offers a short introductory overview of its Okeover (“Ok”) Copper-Molybdenum Project situated in a very accessible region of coastal British Columbia.
Image Credit: Shutterstock.com/Maksim Safaniuk
Alpha Copper, a resource sector organization, was set up to develop value by way of mineral exploration, technical development and asset acquisition.
The Ok copper-molybdenum property includes 4,613 hectares (11,399 acres) situated directly north of the coastal City of Powell River, British Columbia.
Following its discovery in 1965, Ok has been surveyed by numerous companies, including Noranda Exploration, Asarco Exploration, Duval International Corporation, Lumina Copper Corp, Falconbridge Nickel Mines Ltd. and Eastfield Resources Ltd.
The property at present displays eight zones of mineralization which have thus far been discovered across a north-south striking trend of about 5 km. Of significance, the North Lake Zone received a 2006 historic resource calculation with an inferred 87 million tons grading 0.014% MoS2 and 0.31% Cu. Between 1966 and 2008, 116 drill holes adding up to 19,000 m have been finished.
Of late, the focus of the exploration at Okeover transferred to target generation directed at assessing the probable continuation of mineralization north and south of the North Lake Resource Area. This work comprised 1,923 soil samples, with 377 rock samples gathered and 28 km of induced polarization surveying finished since 2010.
While no drilling has been finished since 2008, a small airborne geophysical program was accomplished in 2021.
The North Lake Zone resource is located on the western side of a robust chargeable induced polarization feature and spreads a further 250 m westward outside the edge of this response. Comparable signatures spread a further 1.4 km in a northerly direction and about 1.0 km in a southerly direction outlining a target area of about 500 m by 3,000 m.
Hole 72-15, with 0.29% Cu and 0.027% MoS2 over 59.5 m, is present in this target area approximately 400 m north of the North Lake resource area while hole 66-01, with 0.34% Cu and 0.021% MoS2 over 101 m, is situated 1,750 m south of the resource area.
Situated only 45 minutes by car from Powell River, the deposits at the Ok property share numerous commonalities with discoveries held by Island Copper situated on Vancouver Island (BHP) and Quartz Hill Moly situated on the Alaska Pan Handle (Cominco American Inc., currently Teck Resources).
One of the most attractive aspects of this property is the sheer amount of available historic data which offers an excellent opportunity to implement a highly targeted approach to further unlocking the potential value of this asset. Of significant importance is the near proximity to a deep-water port facility in Powell River which presents an immense opportunity for the potential commercial viability of future mining operations.
Darryl Jones, CEO, Alpha Copper
“Direct, convenient, and cost-effective shipping access to global markets and Pacific Rim processors creates a compellingly attractive economic model at Okeover. With demand for copper heating up due to the relentless push for clean electric technologies, we are confident that this project will prove to play an important role in the strategic plans for Alpha Copper Corp,” Darryl Jones added.
Alpha Copper also reports that it has hired TD Media LLC to offer investor relations services. This engagement is for a preliminary, renewable period of 6 months, and TD Media LLC has been paid $100,000 for its services over the preliminary 6-month term.
Finally, Alpha Copper has also finished its listing on the OTC market in the United States and started trading effective from the opening on Thursday, January 27, 2022, under the symbol ALCUF.
This article has been appraised by J.W. Morton P.Geo, who is the Qualified Person within the stipulation of NI 43-101. J.W. Morton takes responsibility for its technical content.
Source: https://alphacopper.com/