West Mining Corp. has provided an update on its Blue Cove Copper Project situated at the top of Fortune Bay, Newfoundland. West has finished the 2022 exploration efforts review. Based on the positive outcomes to date, it will pursue more exploration on the Property.
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The Blue Cove Property, situated around outstanding infrastructure and a deep sea port, comprises 232 contiguous claims, including an area of 5800 hectares. The investigation has been done only for a tiny part of the property, and further exploration attempts are guaranteed.
We have been very encouraged by the initial results from the first phase of our exploration on the Blue Cove Property. The project has proven its merit to the Company though it has only seen limited work historically. Given our early findings of high-grade copper, additional work is deemed necessary to advance this project to the next level in a diligent and cost-effective manner.
Nick Houghton, President and CEO, West Mining Corp.
Four crucial areas of interest among other new targets have been found recently by first-phase reconnaissance exploration attempts on the property. In Press Releases of August 02nd, 2022 and September 28th, 2022, the outcomes of the 2022 exploration work can be seen.
The vital targets under recent priority investigation comprise:
- Blue Cove: Important outcrop displaying high-grade copper up to 3.56% Cu assayed. Copper sulfides can be found as bornite, chalcocite, and chalcopyrite. Noteworthy zinc and silver assays can also be seen.
- Hilltop: Recently found multi-element soil geochemical anomaly with coincident magnetic low feature where historical drilling has intersected individual intersections under a five-foot interval that assays up to 0.49% Cu, 2.0% Pb, and 1.9% Zn.
- Yellow Cove: Huge alteration zone with geochemical anomalies of multi-element soil.
- RylesBarisway: Identified copper mineralization in outcrop with 3.0% Cu of surface samples grading. A fresh soil geochemistry survey needs more delineation of abnormal samples on the recon grid area’s west side.
In the future, West plans uninterrupted mining of the identified target regions, follow-up on almost recognized prospective regions, and complete prospecting of the property in general, including important geological structures in the discussion.
Further work extending regions of soil geochemical sampling and pursued ground geophysical methods that consist of magnetometer and induced polarization/resistivity surveying will also be performed. If the exploration outcomes warrant one, a drill program will possibly be the following step to progress the project. Once the data is carefully evaluated, a decision on drilling will be taken.
West also declared that it issued an aggregate of restricted shares of 6,000,000 units (each, an “RSU”) to some officers, directors, and consultants of the Company according to the Restricted Share Unit Plan of the Company, all those RSUs vestings instantly. The RSUs and other common shares that can be issued upon conversion thereof will be issued a four-month hold period regarding the Canadian Securities Exchange policies.