Mining News: Northern Neighbors: Carmacks drilling targets oxide growth

Copper North Mining Corp. July 20 said drilling is underway at its Carmacks copper-gold project in central Yukon Territory. The drilling will focus on both new exploration targets identified during the past month of detailed geophysical targets and definition drilling of several of the mineral zones to expand mineral resources. The Carmacks project currently hosts 11.98 million metric tons of measured and indicated resource grading 1.07 percent copper, 0.46 grams per metric ton gold and 4.6 g/t silver. This oxide component of the deposit forms the basis for the potentially mineable mineralization by open pit methods as outlined in a preliminary economic assessment completed in 2014. Copper North President and CEO Harlan Meade said, “We are confident that this year’s planned C$900,000 exploration program will follow the successful 2014 program and expand oxide mineral resources at our Carmacks Project, and that these resources can be added into the development plan.”

- Shane Lasley