VANCOUVER, BC / ACCESSWIRE / November 17, 2017 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE: CBK; OTC PINK: CPPKF) announces that it has hired Auracle Geospatial Science Inc. ("Auracle") to complete a remote sensing radar and hyperspectral survey for the Pyramid and San Diego Bay projects located on the Alaskan Peninsula. This study will allow CopperBank to acquire data relative to the nature of the alteration and its distribution pattern associated with the different types of mineralization present on the properties. The additional satellite radar study will assist in detecting the main structures controlling the mineralization that are masked at the surface by rubble, gravel, and vegetation. The new data shall be completed early 2018 and help the Company in the design of future exploration programs on both projects.
About Auracle:
Auracle is a geospatial technology company that has developed a world-class system to transform geospatial data captured from satellites, drones, and aircraft into high-resolution visual information about the earth. Auracle has developed a suite of mapping technologies that offers structural analysis and mineral classification to identify and map mineral occurrences and alteration zones associated with precious and base-metal deposits. What makes Auracle's technology and mapping suite unique is the way it combines radar and optical satellite data to penetrate vegetation, ground cover, water, ice, rocks, and soils.
"Auracle's technology works at, near and under the earth's surface enabling it to see through things that no other technology can claim," explains David McLelland, President & CEO of Auracle. "We are excited to apply The AURACLE SYSTEM to model the structure, texture, and lithology and to differentiate rock and formation types within this project area. We believe our geological interpretation and upgraded geological maps will help CopperBank's technical team to understand the host system, even when direct identification isn't possible in an extremely remote part of the world, to narrow prospective targets," said Mr. McLelland.
About Pyramid
The Pyramid project is located on private property with the subsurface controlled by The Aleut Corporation, an Alaska Native-owned corporation. Pyramid is a porphyry copper deposit containing a historical inferred mineral resource estimate of 122 million tonnes at 0.41% copper, 0.02% molybdenum, and 0.10 g/t gold (SRK, 2013) applying a 0.4% copper equivalent cut-off, divided into three main recognized zones: Main, North, and West. The mineralization is related to a multi-phased calk-alkaline intrusion, intruding sediments of Tertiary Age. The porphyry system is of a minimal extent of 1.5 km2, displays a leached cap, phyllic, propyllitic, and potassic alteration analogous to the other copper deposits of the Circum-Pacific Belt. The observed mineralization consists mainly in disseminations of chalcocite, chalcopyrite, and local molybdenite and sulphide veinlets. Bornite, malachite and chrysocolla are also reported as accessory minerals.
About San Diego Bay
The San Diego Bay project is located on private property and covers an area of 170 square kilometers with the subsurface controlled by The Aleut Corporation, an Alaska Native-owned corporation. The lithologies are dominated by Tertiary andesitic porphyritic lava flows and volcaniclastics, minor dacite and rhyolite overlying Tertiary sediments and intruded by several felsic porphyritic intrusions. Alteration composed of iron oxides is characterized by deep, orangey colours spreading over several tenth of square kilometers. Historically collected pan concentrate sediments returned several copper (up to 0.24% Cu) and gold (up to 10 g/t Au) anomalies. Minimal historical exploration brought to light mineralized quartz veins and areas of highly clay/sericite/silica altered andesites. Gold values in collected rock samples reported up to 4 g/t Au and copper values as high as 16% Cu. Epithermal gold and copper porphyry mineralization will be the target of the future exploration programs.
For more information on CopperBank Resources, visit our website at www.copperbankcorp.com.
