Pacific Comox Reports 4.5 % (90 lbs/ton) Molybdenum, 2.7 % Copper and 53 grams/tonne Silver in Channel Samples From Floor of Rya

Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports assays for 2 channel
samples (total of 11 one meter sawn samples) on the floor of the North Zone open
pit to test the surface grades in an area where significant molybdenum and
copper grades were reported in diamond drill holes at shallow depths (see Figure
CM-3-P for outline of area). The east end of both channels reported the
strongest assays:


CH-1-02 reported 4.5% molybdenum, 2.6% copper, 54 g/t silver and 0.1 g/t gold,

CH-2-06 reported 3.1% molybdenum, 1.9% copper, 35 g/t silver and 0.1 g/t gold,

CH-2-07 reported 6.1% molybdenum, 3.7% copper, 72 g/t silver and 0.1 g/t gold.



Average          4.5%             2.7%         53 g/t            0.1 g/t



The above 3 one meter channel samples are much higher grade than all the one
meter assays done in the 30 hole North Zone drilling program (see Table 1 for
all assays). In addition to the mineralized quartz vein matrix which is
prevalent in the North Zone there are a number of north-east, south-west
trending mineralized fractures. The above samples include a particularly wide
mineralized outcropping vein. This vein material is very friable and some of the
higher grade material in this or similar veins may have been washed away in the
diamond drilling process by the circulating high pressure drilling water.


Consequently, Comox's reported assays for some of the higher grade intervals in
the 30 holes drilled to-date may be understated due to the diamond drill process
water eroding and flushing away some of the friable mineralized material.


All of the 30 diamond drill holes Comox has drilled in the North Zone have
intersected copper-molybdenum mineralization, previously reported. Twenty of the
longer & higher grade intervals are summarized below. The intervals are shown on
Figures CM-3, CM-3-1, 2, 3, 4.




----------------------------------------------------------------------
                          RYAN LAKE PROPERTY
    20 of Longer & Higher Grade Mineralized Intervals In North Zone
----------------------------------------------------------------------
Molybdenum (%)                                    0.12 % (2.4 lbs/ton)
----------------------------------------------------------------------
Copper (%)                                        0.16
----------------------------------------------------------------------
Gold & silver                                     Low grade
----------------------------------------------------------------------
Average length of mineralized interval            36 meters
----------------------------------------------------------------------
Start of mineralized interval in drill holes      at 4 meters
----------------------------------------------------------------------



Summary of Ryan Lake Delineated Zones & Exploration Targets

From south to north on the Ryan Lake property Pacific Comox has diamond drilled
3 zones of copper-molybdenum mineralization and has a number of exploration
targets in close proximity:




1.  South Zone- has partially defined open-pit zone over former underground
    copper mine, Comox owns mill building, with excellent infrastructure,
2.  North Zone- as indicated above 30 diamond drill holes have outlined
    significant copper-molybdenum mineralization,
3.  CLT Zone- all 6 diamond drill holes to-date are mineralized, warrants
    further drilling,
4.  Exploration potential between North and South zones indicated by surface
    samples and one hole drilled by Comox which returned significant
    mineralization,
5.  Geochem Survey north of CLT Zone indicates large copper-molybdenum
    target,
6.  DR3 Zone- channel samples indicates exploration potential



South Zone- Resource estimate completed

Comox has previously reported an indicated resource of 6.0 million tonnes
grading 0.34% copper, 0.039% molybdenum (0.8 lb/ton), 0.09 g/t gold and 5.0 g/t
silver for the South Zone which encompasses the previous producing (1950-64)
underground copper mine. The zone is open in all directions and at depth.




---------------------------------------------------------------------------
                             RYAN LAKE PROPERTY
                        South Zone Resource Estimate
---------------------------------------------------------------------------
     Tonnes       Molybdenum       Copper          Gold          Silver
   (millions)        (%)            (%)         (g/tonne)      (g/tonne)
---------------------------------------------------------------------------
      6.0           0.039           0.34           0.09           5.0
---------------------------------------------------------------------------



CLT Zone - Resource estimate not completed

Comox has drilled 6 holes in an area 150 meters north of the North Zone and all
holes intersected copper/molybdenum mineralization as previously reported. Three
of the holes reported higher grade intervals as summarized below. The area
between the North and CLT Zones has not been drill tested.




----------------------------------------------------------------------
                          RYAN LAKE PROPERTY
           3 Higher Grade Mineralized Intervals In CLT Zone
----------------------------------------------------------------------
Molybdenum (%)                                    0.26 % (5.1 lbs/ton)
----------------------------------------------------------------------
Copper (%)                                        0.02
----------------------------------------------------------------------
Gold & silver                                     Low grade
----------------------------------------------------------------------
Average length of mineralized interval            12 meters
----------------------------------------------------------------------
Start of mineralized interval in drill holes      at 13 meters
----------------------------------------------------------------------



Geochemical Soil Sampling

A geochemical soil sampling program covering most of the 1,500 meters from the
CLT Zone to the DR3 Zone conducted by J. R. Mowat and Associates in 1965 (not
National Instrument 43-101 compliant) reported a number of copper/molybdenum
soil anomalies in the area between the CLT Zone and the DR3 Zone.


DR3 Zone Channel Sample Assays Reported

Two contiguous one meter samples returned 0.082% molybdenum (1.6 lb/ton) as well
as significant copper, gold and silver as given in the table below. This Zone is
1,500 meters north of the CLT Zone. The channel sampling tested a mineralized
outcrop.


Comox had previously tested an outcrop about 50 meters to the east of the DR3
Zone with two diamond drill holes which returned molybdenum mineralization. This
extensive area of mineralization warrants further testing.




-------------------------------------------------------
                   RYAN LAKE PROPERTY
             2 Channel Samples At DR3 Zone
-------------------------------------------------------
Molybdenum (%)                0.082 % (1.6 lbs/ton)
-------------------------------------------------------
Copper (%)                    0.16
-------------------------------------------------------
Gold                          0.02 g/tonne
-------------------------------------------------------
Silver                        12 g/tonne
-------------------------------------------------------



Bhagwat Singh P. Eng. serves as the qualified person (QP) for the sampling and
exploration programs under the definitions of National Instrument 43-101. For
the channel sampling, each sample was sawn on four sides and removed to a
uniform depth and bagged. In the diamond drill program the core was split and
intervals selected for assay. A split diamond drill sample or channel sample was
shipped by Company personnel to Swastika Laboratories Ltd., Swastika Ontario an
accredited laboratory.


Donald Empey, President

For further information, view the Company web site at www.pacificcomox.com or
the Company filings on SEDAR at www.sedar.com.


To view the figures accompanying this release, please visit the following link:
http://media3.marketwire.com/docs/PAC02222U.pdf.
(TSXV:PCM)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024