Resolve Ventures Acquires Connell Mountain Copper Project in New Brunswick, Canada
Resolve Ventures Inc. has acquired a 100 percent interest in the Connell Mountain copper porphyry prospect, located in New Brunswick, Canada. Terms of the acquisition of 100 percent interest in the title covering the prospect are 3.5 million shares upon TSX approval.
The company is also reviewing ground acquisition in the Windfall Lake area.
The Connell Mountain Property covers a historical copper porphyry occurrence known as the Connell Mountain occurrence. The property has been subject to extensive exploration from 1968 to 1997, identifying nine discrete copper anomalies. Two of these anomalies have been the primary focus of historical exploration.
Historical work on the property has included diamond and percussion drilling, stripping, soil sampling, geological mapping, outcrop sampling, and geophysics, including magnetometer and induced polarization surveys.
HISTORICAL WORK
Most exploration on the Connell Mountain was conducted from 1969 to 1971 by Falconbridge Nickel Mines Ltd. This work was outlined in seven reports, including diamond drilling, stripping, geological mapping, outcrop sampling, and geophysics, including magnetometer and induced polarization surveys.
This work was followed up in 1974 by reconnaissance soil sampling and soil geochemistry surveys, successfully extending the mineralized zone identified at Anomaly 1, which was later renamed the Heather Zone.
In 1974, Bethlehem Copper drilled 39 percussion holes, including 25 holes on Anomaly 1 (Heather Zone), 10 holes on Anomaly 1A and 4 holes on Anomaly 2. The most promising zone was identified as Anomaly 1, with mineralization reported to measure 150 by 300 metres with at least 0.10 percent Cu, as well as zones up to 90 by 90 metres with values greater than 0.25 percent Cu.
Based on historical trenching and drilling, a resource estimate reported in 1987 in a publication by the Geological Survey of Canada calculated approximately 21,000,000 short tons of protore grading 0.18 percent Cu and 1,000,000 short tons of supergene ore grading 0.04 to 0.70 percent Cu.
About Resolve Ventures
Resolve Ventures is a Canadian based mineral exploration company committed to building long term value through strategic property acquisitions.
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