Vancouver, British Columbia--(Newsfile Corp. - February 13, 2020) - Fabled Copper Corp. (TSXV: FCO) ("Fabled" or the "Company") is pleased to report the results of the 2019 exploration completed on its wholly owned ChurchKey and Muskwa properties late in 2019. The properties lie in north eastern British Columbia and include the historic Churchill Copper mine and the Davis Keays mine. The program commenced near the end of September and field work consisted of geological mapping and sampling and 1,000 metres of core drilling under the historic Neil vein showings.
Geological Mapping and Sampling
Geological mapping and sampling was focused on the Toro claims (Muskwa Property) and Magnum claims (ChurchKey Proprety). Minor sampling took place on the Neil claims (Muskwa Property). The majority of samples were grab samples of mineralized outcrop. Samples from the Toro claims were taken from the north and south parts of the claims area. Mineralized results ranged from 1.13 % Cu to 4.35% Cu. The Magnum samples collected traced the mineralized outcrop for more than 500 metres along strike. Results ranged from 1.18% Cu to 22.69 % Cu. The higher grade results are most likely a function of oxidized mineralization. Most of the samples taken from the Neil claims returned low percentage results with the only sample above 1% Cu, such sample displaying 5.44% Cu.
Table 1: Surface samples from the prospecting and sampling work during the 2019 exploration program where the assays returned values greater than 1% Cu.
The Company completed six holes totaling 1,000 metres of core drilling under the Neil showings with the intent of demonstrating the down dip potential of the Neil Vein. Drill hole CK19-01 was drilled to test the source of an airborne EM resistivity anomaly, and weak conductor. The hole intersected a thick black mudstone explaining the resistivity anomaly but did not intersect any conductors. Drill holes CK19-02 and CK19-03 missed the Neil vein. Three of the holes (CK19-04,CK19-05 and CK19-06) intersected the mineralized Neil Vein. The mineralized intersections are found in Table 2. In spite of intersecting chalcopyrite mineralization in all three of the holes that intersected the Neil Vein, the analyses did not record any copper. The Company is checking the analyses with a different digestion to investigate why the analyses were incorrect and will provide updates accordingly. The best intersection was in hole CK19-05 which intersected 1.54 metres averaging 1.64 % Cu. The surface mineralization of the Neil Vein outcrops at 2350 metres elevation while DDH CK19-06 was collared at 1700 metres which gives a down dip extent of the vein of 650 metres.
Table 2: Mineralized Drill Hole Intersections
|Hole_id||From (m)||To (m)||Width(m)||Geology|
|CK19-04||66.2||67.2||1||brecciated quartz vein|
|CK19-04||65.29||66.2||0.91||sheeted quartz veins|
|CK19-04||67.2||68.2||1||brecciated shale with Cpy|
|CK19-04||68.2||69.5||1.3||brecciated shale with Cpy|
|CK19-04||86.24||87.24||1||qtz vn breccia with Cpy|
|CK19-04||87.24||88.24||1||qtz vn breccia with Cpy|
|CK19-04||88.24||89.36||1.12||qtz vn breccia with Cpy|
|CK19-04||89.36||90.88||1.52||bl ms with qtz veins and Cpy.|
|CK19-04||90.88||92.68||1.8||bl ms with qtz veins and Cpy.|
|CK19-04||92.68||95.44||2.76||bl ms with qtz veins and Cpy.|
|CK19-04||95.44||96.03||0.59||bl ms with qtz veins and Cpy.|
|CK19-04||96.03||97.16||1.13||bl ms with qtz veins and Cpy.|
|CK19-04||97.56||99.09||1.53||bl ms with qtz veins and Cpy.|
|CK19-05||75.59||77.43||1.84||sheared bl ms, CPY stringers|
|CK19-05||77.43||78.13||0.7||sheared bl ms, CPY stringers|
|CK19-05||78.13||79.55||1.42||sheared bl ms, fine grained CPY|
|CK19-05||79.55||80.77||1.22||sheared bl ms, fine grained CPY|
|CK19-05||80.77||82.3||1.53||sheared bl ms, fine grained CPY|
|CK19-05||82.3||82.7||0.4||Cpy mineralized in qtz ven|
|CK19-05||82.7||83.8||1.1||Cpy mineralized in qtz ven|
|CK19-05||83.8||85.34||1.54||Cpy mineralized in qtz ven|
|CK19-05||85.34||86.63||1.29||qtz vn breccia with Cpy|
|CK19-05||86.63||88.41||1.78||bl ms, minor Cpy in stgrs.|
|CK19-05||88.41||89.92||1.51||bl ms, minor Cpy in stgrs.|
|CK19-05||89.92||92.95||3.03||bl ms, minor Cpy in stgrs.|
|CK19-05||92.95||93.3||0.35||qtz vn breccia with Cpy|
|CK19-05||93.3||95.12||1.82||sheared bl ms, CPY stringers|
|CK19-05||95.12||95.47||0.35||bx qtz vn with Cpy|
|CK19-05||95.47||96.95||1.48||sheared bl ms, CPY stringers|
|CK19-05||96.95||97.8||0.85||qtz vn with Cpy|
|CK19-05||97.8||100.3||2.5||sheared bl ms, tr Cpy|
|CK19-06||53.34||54.34||1||qtz stockworks, tr Cpy|
|CK19-06||54.34||55.9||1.56||qtz stockworks, tr Cpy|
|CK19-06||56.75||58.15||1.4||qtz stockworks, tr Cpy|
|CK19-06||120||121||1||bx bl ms with qtz stkwks|
|CK19-06||121||121.92||0.92||qtz stockworks, tr Cpy|
|CK19-06||121.92||123.44||1.52||qtz vein bx|
Fabled is a publicly listed (TSXV:FCO) mineral exploration company whose primary business interest is in the Muskwa and ChurchKey copper properties located in Northern British Columbia. Further information about the Muskwa Property can be found in the 43-101 Technical Report on the Muskwa Project and the the 43-101 Technical Report on the ChurchKey Property filed under the Company's profile on SEDAR at www.sedar.com
For further information please contact:
Eugene A. Hodgson, President
Fabled Copper Corp.
Phone: (604) 805-6600
The technical information contained in this news release has been approved by John Kowalchuk, P.Geo., Vice President Exploration of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this news release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law