TSX.V: COCO
VANCOUVER, BC, March 8, 2022 /CNW/ - Coast Copper Corp.
("Coast Copper" or the "Company") (TSXV: COCO) is pleased
to announce that a second phase of core drilling on the Company's
optioned Empire Mine property has commenced. The focus of this
drill program will be to follow up the December 2021 drill program and further explore
below the Merry Widow pit, the new discoveries at Raven Pit and
Raven Bluff, new targets such as Lower Marten which is 150 meters
("m") south of the historical Merry Widow resource, Bluebird
which is 525 m south of the
historical Merry Widow resource and areas on trend of the Benson
Lake Mine.
Highlights from the 2021 core drill program were announced in
Coast Copper news releases of January 25,
2022 and February 1, 2022
and include:
Broader intercepts:
- Merry Widow Zone:
-
- MW21-004: 1.67 grams per tonne ("g/t") gold
("Au") and 0.22% copper ("Cu") over 34.92 m
- MW21-007: 1.84 g/t Au and 0.20% Cu over 39.54 m
- MW21-008: 1.63 g/t Au and 0.46% Cu over 42.77 m
- MW21-013: 1.22 g/t Au and 0.39% Cu over 51.06 m
- New Discovery at Raven Bluff/Pit (200
m north of the past-producing Merry Widow magnetite
mine):
-
- MW21-015: 7.18 g/t Au and 3.17% Cu over 16.3 m
High-grade intercepts:
- Merry Widow Zone:
-
- MW21-004: 8.15 g/t Au and 0.57% Cu over 4.86 m
- MW21-007: 18.00 g/t Au and 1.55% Cu over 3.23 m
- MW21-008: 4.69 g/t Au and 0.34% Cu over 10.80 m
- New Discovery at Raven Bluff/Pit (200
m north of the past-producing Merry Widow magnetite
mine):
-
- MW21-015: 16.86 g/t Au over 4.70
m including 4.64 g/t Au, 12.51% Cu and 197.6 g/t silver
("Ag") over 3.36 m
- MW21-016: 2.49 g/t Au, 4.38 % Cu and 60.2 g/t Ag over
1.66 m
- MW21-017: 6.2 g/t Au over 1.67
m
Drillholes MW21-010, 11, 12, 18 and 19 as well as partial
results from hole MW21-016 are still pending. Please refer to
previous news releases for drill hole tables, locations and QAQC
procedures.
Adam Travis, Coast Copper CEO
commented, "We are very pleased with the assay results from our
drill program completed in December
2021 and look forward to seeing the drill core and results
from our Phase 2 program."
Upcoming events
Coast Copper is pleased to announce it will be attending/hosting
upcoming events including Metals Investor Forum in Vancouver on March
10-11, the Company's Annual General Meeting in Vancouver on March
28 and the Kamloops Exploration Group Conference in
Kamloops on April 12-13 and the Vancouver Resource Investment
Conference May 17-18. To stay up to
date and see more details about these events please check out the
Events page on our website.
Qualified Persons
The technical information contained in this news release has
been prepared, reviewed, and approved by Wade Barnes, P.Geo. (BC) of Tripoint Geological
Services, Coast Copper's geological consultant and a Qualified
Person within the context of Canadian Securities Administrators'
National Instrument 43-101; Standards of Disclosure for Mineral
Projects.
About Coast Copper Corp.
Coast Copper's exploration focus is the optioned Empire Mine
Property, located on northern Vancouver Island, BC, which covers
three historical open pit mines and two past-producing underground
mines that yielded iron, copper, gold and silver. Coast Copper's
other properties include its 100% owned Eldorado, Gin and Bonanza properties located
in BC's prolific Golden Triangle district which are adjacent to
Newcrest Mining Limited's and Imperial Metals Corporation's
Red Chris Mine, its Knob Hill NW
Property located on northern Vancouver Island and its 100% owned
Sterling and Home Brew properties which are located in central BC.
Coast Copper's management team continues to review precious and
base metals opportunities in western North America.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis, Chief Executive
Officer and Director
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
Certain information contained or incorporated by reference in
this press release, including any information regarding the
proposed Transaction, private placement, board and management
changes, as to our strategy, projects, plans or
future financial or operating performance, constitutes
"forward-looking statements." All statements, other than statements
of historical fact, are to be considered forward-looking
statements. Forward-looking statements are necessarily based on a
number of estimates and assumptions that, while considered
reasonable by Coast Copper, are inherently subject to significant
business, economic, geological and competitive uncertainties and
contingencies. Although Coast Copper believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance. Known and unknown factors could cause actual
results to differ materially from those projected in the
forward-looking statements. Such factors include but are not
limited to: fluctuations in market prices, exploration and
exploitation successes, continued availability of capital and
financing, changes in national and local government legislation,
taxation, controls, regulations, expropriation or nationalization
of property and general political, economic, market or business
conditions. Many of these uncertainties and contingencies can
affect our actual results and could cause actual results to differ
materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, us. Readers are cautioned that
forward-looking statements are not guarantees of future performance
and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. All of the forward-looking statements made
in this press release, or incorporated by reference, are qualified
by these cautionary statements. We do not assume any obligation to
update any forward-looking statements.
SOURCE Coast Copper Corp.