Mining News: Colorado discovers new gold-copper zone at KSP

Colorado Resources Ltd. Dec. 6 reported the final batch of results from the 2017 drill program at its KSP gold-copper property in northwestern British Columbia. This includes the results from 11 holes drilled at Tami, a discovery zone about 5,000 meters southeast of Inel-Khyber, the primary target of the 2017 drill program. Highlights from the drilling at Tami include 13.6 meters averaging 2.37 grams per metric ton gold and 0.16 percent copper from a depth of 15.4 meters in hole TMDDH17-111; 58. 7 meters of 1.05 g/t gold and 0.19 percent copper from a depth of 7.3 meters in TMDDH17-114; 40 meters of 1.74 g/t gold and 0.24 percent copper from a depth of 5 meters in TMDDH17-115; and 39 meters of 1.11 g/t gold and 0.18 percent copper from a depth of 66 meters in TMDDH17-118. Colorado said the data suggests that a thick, well mineralized, east-west striking volume of rock with a strike length exceeding 350 meters is open to the east. The strong gold-copper intersections obtained from the westernmost holes – TMDDH17-114 and TMDDH17-115 – suggest the system is also open to the west.

In addition to the results from Tami, Colorado reported results from 12 more holes drilled in the Inel-Khyber area this year. Four of these holes encountered modest gold-copper mineralization at Camp Porphyry, including 132 meters of 0.41 g/t gold and 0.02 percent copper in TMDDH17-098. Colorado said the results suggest that modest- to low-grade gold and copper mineralized zones occur over variable widths, with the strongest grades related to north-south trending structural zones and contacts between several intrusive phases or intrusive volcanic contacts. Two holes tested the South Discovery zone; two holes tested Big Rock Deformation zone; and four holes tested the V.G. zone.

The 11,824-meter drill program at KSP during 2017 included 57 holes completed at the Inel-Khyber zone and 11 holes at Tami. "The 2017 drill program at the KSP Project was successful in identifying new discoveries at the Camp Porphyry, West Khyber and Tami zones,” said Colorado President and CEO Adam Travis. “At the Tami zone, our 2017 program has outlined a new and encouraging gold-copper intrusive related system. We look forward to further review and analysis of all of the 2017 results and effectively using those interpretations in next year's program.”

–SHANE LASLEY