Oct 27 2010
Catalyst Copper Corp. today announced results for the final six holes in Phase 1 of its 2010 drill program on the La Verde copper porphyry project, Michoacán State, Mexico.
Significant intersections of copper mineralization include 0.55% Cu over 527.6 meters and 0.48% Cu over 440.9 meters. Significant gold values are also associated with the East Hill zone.
Significant drill intersections include 0.55% Cu over 527.6m and 0.48% Cu over 440.9m
Including the six holes released today, 11 drill holes have been completed in Phase 1. The drilling was designed to confirm two mineralized zones at La Verde, East Hill and West Hill, which it has now done. Drill hole spacing in the core area of both East and West Hill zones is approximately 50 meters by 50 meters.
"Catalyst is very pleased with these drill results," says Catalyst's VP Exploration Terence Hodson. "They have confirmed the copper mineralisation at La Verde as intersected by historical drill holes and will allow Catalyst to complete a NI 43-101 resource calculation by the end of the year. Also significant is the majority of holes drilled this year have extended the East Hill and West Hill mineralized zones further to depth than originally interpreted."
Results for the first hole of Phase 2 of the 2010 program (Hole LV10-005) have just been received. Phase 2 drill-holes are designed to extend the known mineralized zones at depth and along strike. LV10-005 was drilled below the eastern end of the West Hill zone and returned 0.41% Cu over 404.2 meters. Included within this intersection was 0.55% Cu over 244.2 meters. Phase 2 is nearing completion with all core logging, sampling and assay results expected within the next month. Catalyst has completed a total of 12,275 meters in Phase 1 and Phase 2 of this year's program.
Top hole without "T" is original hole; hole with "T" is twin hole.
T.W. Hodson is the qualified person as defined by National Instrument 43-101, and has reviewed the technical disclosure contained herein and accepts responsibility for such disclosure.
Source: Catalyst Copper Corp.