Additional surface channel sampling results from the Nioc target area at the Sombrero copper-gold project in Peru expand the known surface footprint of copper-gold mineralization at Zone 2, Coppernico Metals (COPR.TO) said on Tuesday.
The results also "materially de-risk" initial drill targeting decisions by demonstrating continuous, high-grade skarn mineralization across a broad footprint directly above a large, coherent geophysical anomaly, while the company's interpretation of Nioc as a large scary system genetically linked to a porphyry-style intrusive center, "with significant exploration upside", was also reinforced, it added.
Highlights of the results include 70.1 meters of 0.92% copper, 0.25 grams per tonne gold and 2.45 g/t silver; and 58.0 m of 0.58% copper, 0.39 g/t gold and 1.70 g/t silver.
The results nearly double the width of surface mineralization at Zone 2 to about 70 m in the east-west direction relative to the previously reported 36 metres.
Combined Zone 1 and Zone 2 results now define a broad, still-open surface expression of copper-gold skarn mineralization above the more-than-1.5-kilometer Nioc coincident geophysical target, strengthening confidence in initial drill targeting across the target area.
Shares in COPR rose 8.2% last Friday, before the holiday weekend.