Okeover Copper-Molybdenum Project of Alpha Copper
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- Category: Tungsten's News
- Published on Wednesday, 09 February 2022 23:22
Alpha Copper Corp, a resource sector organization, provides a brief introductory overview of its Okeover copper-molybdenum project located in coastal British Columbia. The Okeover (Ok) copper-molybdenum property covers 4,613 hectares and is located north of the coastal city of Powell River, British Columbia.
Since its discovery in 1965, Ok has been explored by several companies, including Noranda Exploration, Asarco Exploration, Falconbridge Nickel Limited, Duval International, Lumina Copper Corporation and Eastfield Resources Limited.
The property currently hosts eight mineralized zones and valuable minerals have been identified to date over an approximately 5 km north-south trend. A 2006 historical resource calculation for the North Lake Zone inferred a resource of 87 million tonnes grading 0.31% Cu and 0.014% MoS2. From 1966 to 2008, 116 drill holes totaling 19,000 meters have been completed.
Recently, Okeover's exploration focus has shifted to target generation aimed at evaluating the possible continuation of mineralization to the north and south of the North Lake resource area. This work included 1,923 soil samples, the collection of 377 rock samples, and a 28 km induced polarization survey completed since 2010. Although no drilling has been completed since 2008, a small airborne geophysical program was completed in 2021.
The North Lake Zone resource is located to the west of a strongly charge-induced polarization feature and extends 250 m to the west of the edge of that response. Similar features extend 1.4 km to the north and approximately 1.0 km to the south, defining a target area of approximately 500 m x 3,000 m. Hole 72-15 intersected 59.5 m of 0.29% Cu and 0.027% MoS2 approximately 400 m north of the North Lake resource area, while Hole 66-01 intersected 101 m 1,750 m south of the resource area of 0.34% Cu and 0.021% MoS2.
The Okeover Copper-Molybdenum Project, located just 45 minutes from Powell River, has several things in common with the deposits found at Island Copper (BHP) on Vancouver Island and Quartz Hill Moly (Cominco American Inc., now Teck Resources) at Alaska Pan Handle.
Mr. Darryl Jones, Alpha Copper's CEO, noted, "One of the most attractive aspects of the asset is the large amount of available historical data, which provides an excellent opportunity to implement a highly targeted approach to further unlock the potential value of the asset. Most importantly, the proximity to the Powell River deepwater port facilities provides a tremendous opportunity for the potential commercial viability of future mining operations."
"Direct, convenient and economical transportation to Okeover's global markets and pacific rim processors creates a compelling economic model. As demand for copper continues to heat up due to the relentless push for clean power technologies, we believe this project will play an important role in Alpha Copper's strategic plan," he added.
The company also announced that it has retained TD Media LLC to provide investor relations services. The service is for an initial six-month renewable term and TD Media LLC has paid $100,000 for its services for the initial six months.
Finally, the Company is pleased to announce that it has completed its listing on the U.S. OTC market and will begin trading at the opening of trading on Thursday, January 27, 2022.
Alpha Copper is focused on contributing to the green economy through the sourcing and development of copper resource assets. The company is positioned to earn a 60% interest in the Indata copper-gold project in north-central British Columbia and a 100% interest in the Okeover copper-molybdenum project located off the coast of Powell River, British Columbia.
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