VANCOUVER, British Columbia, March 17, 2022 (GLOBE NEWSWIRE) -- Alpha Copper Corp. (CSE: ALCU) (“Alpha,” “Alpha Copper,” or the “Company”) a resource sector enterprise founded to create value through mineral exploration, technical development, and asset acquisition, is pleased to announce plans for an aggressive 2022 exploration program at its Indata Project in British Columbia.
Alpha Copper’s Indata claim area encompasses 3,189 hectares (7,880 acres) located 230 kilometers northwest of the City of Prince George and immediately south of the Stardust-Kwanika Project owned by Northwest Copper Corp. The entire project has been permitted for drilling and while these important approvals ensure the upcoming program will predominantly involve drilling, it will also include new grid work and excavator trenching to assist in developing future drill targets.
A drill contract to complete a minimum of 3,000 meters has been signed with Paradigm Drilling Ltd. Six of the proposed 2022 drill holes will be drilled in the Lake Copper Target where previous drill intercepts in the northern portion include DDH98-4 with 0.20% copper over 148 metres including 0.37% copper over 24 metres at the bottom of the hole and includes a trench excavated during road construction that averaged 0.37% copper over 75 meters (no holes have yet been drilled in the southern area of the target).
Three holes are also proposed to assess other untested induced polarization targets indicated in surveys completed in 2010 and 2011. Work is also planned for the Quarry Copper Target identified in 2019 where logging road construction exposed mineralization including a select grab sample that returned 3.64% copper and 5.95 g/t gold.
Alpha Copper Corp. has an option to earn a 60% interest In the Indata Project from Eastfield Resources Ltd. by paying $400,000 (cash and/or shares) and completing $2,000,000 in exploration before June 20, 2023.
The project is situated in a complex geological setting adjacent to the Pinchi Fault, a major structure separating the oceanic derived Cache Creek Terrane to the west from the and volcanic island arc-derived Quesnel Terrane to the east. Two types of mineralization have historically been explored for at Indata: gold-silver veins and porphyry style copper mineralization. Gold vein drill intercepts have included results up to 47.26 g/t gold over 4.0 meters. The property includes three porphyry copper targets with the largest, the Lake Zone, measuring 500 to 1,000 meters in width along strike for at least 1,500 meters. An initial budget of $750,000 has been set.
Alpha Copper CEO, Mr. Darryl Jones advises, “We intend to move quickly to get boots on the ground and get the drills turning. This project offers several favourable historic features and results, and we are keen to build an accurate overview of the asset and its potential. With the increased adoption of electric vehicles and increasing uncertainty in the global metals markets, we think the time is right to do whatever is necessary to develop high value domestic mineral reserves. Our partners, stakeholders and investors expect us to act swiftly, and we are happy to act aggressively in response.”
This news release has been reviewed by J.W. Morton P.Geo who is the Qualified Person within the context of NI43-101 and who takes responsibility for its technical content.
On Behalf of the Board of Directors,
~Darryl Jones~
Darryl Jones
CEO, President & Director
Alpha Copper Corp.
As part of the Company’s disclosure obligations as a public issuer, ongoing financial and material filings can be found under the Company’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
Contact Alpha Copper
Invictus Investor Relations
+1 (604) 343.8661
walter@invictusir.com
About Alpha Copper Corp (CSE: ALCU):
Alpha Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The company is positioned to earn a 60% interest in the Indata copper-gold project located in north central British Columbia and a 100% interest in the Okeover copper-molybdenum project located near the coastal community of Powell River, British Columbia. For more information visit: https://alphacopper.com/.
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of further exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
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