News Releases
Copper Reef Acquires High Grade Zinc Property
August 15, 2017
Copper Reef Mining Corporation (CSE: CZC) (the "Company") is pleased to announce that it has acquired a high grade zinc property in the Sherridon area of Manitoba by staking. The Copper Reef 100% owned Kississing Property has no underlying royalties.
In 1928, Callinan Flin Flon Mines Limited optioned the ground and carried out a magnetic survey and 2795 ft. of drilling. In addition, two shafts, six trenches, and numerous test pits were completed, outlining a 1500 feet long zone of mineralization. Massive sphalerite with galena and chalcopyrite outcrop at surface in the trenches.
| Trenche2s yielded assays of | 2.7% Cu, 0.20oz/ton Au over 6.7 feet 19.0% Zn, 0.8% Cu, 3.5oz/ton Au over 2.5 feet 4.7% Zn, 0.9% Cu over 12.5 feet 7.4% Zn, 1.3% Cu over 8.2 feet |
| Best drill intercepts were | 20% Zn, 4.5% Pb, 1.5% Cu, and 5.50z/ton Ag over 10 feet 4.5% Cu over 6.5 feet |
Caution: Grades reported are from the assessment files (Manitoba Assess File 90671) and are not NI 43-101 compliant and cannot be relied upon without verification. Further, the true widths of the sulphide intercepts from the drill holes are unknown. Massive sphalerite, chalcopyrite, and galena was observed by the writer in outcrop exposed in the trenches.
The property has subsequently been explored by various parties most notably Cominco, Granges Inc and Aur Resources in the late 70's, 80's and 90's respectively. At present, there is no current NI 43-101 calculated resource on the property. The property is located in the Sherridon Area, which produced over 8,000,000 tonnes of 2% copper and 2% zinc with gold and silver credits.
ABOUT COPPER REEF MINING CORPORATION
Copper Reef is a Canadian junior mineral exploration company with a specific focus on mineral properties in northwest Manitoba and northeast Saskatchewan, Canada. All of the Issuer's properties are currently at the exploration stage. Our business plan is to acquire key properties enhance them or make a discovery and then to seek JV partners or funding to further advance the projects. The Issuer has no long-term debt and has assembled a portfolio of base metal and precious metal prospects, including strategic locations in the Provinces of Manitoba and Saskatchewan.
On behalf of the Board of Directors of
Copper Reef Mining Corporation
"signed"
Stephen L. Masson M.Sc. P.Geo.
President & CEO
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.