CastleRock Resources Inc. Update Of Activities At The Dover Copper-Gold Project, Arizona.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 23, 2004 CastleRock Resources Inc. is currently drilling at its 100% controlled Dover Copper-Gold property. Located 120 km northeast of Tucson, Arizona, the Dover project lies immediately to the west of, and adjoins Phelps Dodge Corporation's world-class Morenci open pit copper mine - the fifth largest copper mine in the world. CastleRock's drill program is on track to test multiple geological, geochemical, and geophysical targets for copper and copper-gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . In late December, CastleRock received the detailed final report prepared by Quantec Geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge covering the 24 line-km of Titan 24 DCIP DCIP Defense Critical Infrastructure Program DCIP Digital Cinema Implementation Partners LLC DCIP Defense Career Intern Program (US DoD Inspector General) DCIP Dependency Court Intervention Program DCIP Design Change Improvement Program and MT geophysical surveys completed in early November. The Quantec survey defined 84 separate anomalies of varying significance, including 14 strong (greater than 30-100mrad) IP anomalies that form nine discreet zones which comprise the recommended drill targets. To date, six core holes have been completed for 1,300 m of a planned 12-hole 3,300 m first phase drilling program. Drill holes are targeted upon a combination of IP chargeability and resistivity resistivity Electrical resistance of a conductor of unit cross-sectional area and unit length. The resistivity of a conductor depends on its composition and its temperature. anomalies, along with geological and surface geochemical targets. Two holes have been drilled at the Silver Basin target, and four holes at the Copper Mountain target - both secondary target areas at Dover. A seventh drill hole is in progress on a copper-gold skarn skarn In geology, a metamorphic zone developed in the contact area around igneous rock intrusions when carbonate sedimentary rocks are invaded by and replaced with chemical elements that originate from the igneous rock mass nearby. target in the Gold Gulch area. Priority target areas in the Keating and Margot Gulch areas required the completion of road access, currently in progress, and permission to construct a small portion of road across claims held by Phelps Dodge - permission which was received in December. CastleRock plans to release drill assay results following receipt of assays from drilling completed in each target area. The first results from the six holes completed to date are expected in mid-February. Geochemical analyses, primarily for total copper, leachable copper, and gold, are being performed by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex, an accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. laboratory based in Sparks, Nevada. All holes drilled to date have encountered identifiable sulfide minerals and or rock alteration styles in sufficient quantities to confirm the IP chargeability and resistivity anomalies. Drill road access is being constructed into the Margot Gulch and Keating Mine target areas, with drilling scheduled to begin in February. It is anticipated that this initial phase of drilling will continue through February into March. During road construction in the Margot Gulch area, a 30-m section of road cut was exposed displaying pervasive oxide copper mineralization in fractures and along rock faces at the contact of an altered intrusive dike Dike, in Greek religion and mythology Dike: see Horae. dike, in technology dike, in technology: see levee. dike Bank, usually of earth, constructed to control or confine water. cutting basement granite. This new zone of mineralization was sampled this week and assays are expected by early February. Another priority target area in the western portion of the Silver Basin area requires a state drill permit as this land is held under state leases. A drilling permit application was filed in early December, 2003 and a permit is expected to be issued before the end of January. Target mineralization styles at Dover include replacement-type silver and gold in Silver Basin, disseminated porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. copper mineralization, high-grade structurally controlled copper mineralization, and gold-copper bearing skarns. At CastleRock's Quitovac gold project in Sonora, Mexico, joint venture partner Copper Ridge Explorations Inc. is planning to begin a trenching and drilling program in the first quarter of this year. Copper Ridge has the right to earn a 75% interest in the Quitovac property by spending US$1.5 million over a five-year option period and completing an industry standard feasibility study. Quitovac is an advanced stage gold project hosting geological resources of 1.1 million tonnes grading 3.14 grams gold per tonne or 112,125 ounces of gold. The deposit remains open in all directions and displays excellent potential for supporting an open pit heap leach gold mining operation. To view a copy of the map, please see the CCNMatthews website at the following URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www2.cdn-news.com/database/fax/2000/cri0122.pdf The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion