Copper Reef Reports High Grade Gold Samples North of Alberts Deposit
July 9, 2018
Copper Reef Mining Corporation (CSE: CZC) (the "Company") is pleased to announce early results from this summer prospecting at the Alberts Gold Property. The samples were taken 300m north of the north-north- east trending Alberts Gold Deposit and are some of the highest grades reported. Three grab samples from the vein assayed 11.35, 18.79 and 19.48 g/t gold and 75.5, 81.1, and 73.7 g/t silver respectively over a 25 m strike length along the vein. The samples contain galena (lead sulphide, which is unusual for this area) from a 0.4 m-- 1.5 m wide quartz vein associated with pyrite and locally chalcopyrite. ICP analytical data indicated elevated bismuth, copper and up to 0.29% lead. Another parallel zone composed of strongly pyritised quartz-ankerite-chlorite-tourmaline veined shear zone, 1.5 to 2 m wide, was found 20m to the west of the above structure. This western shear, which is very similar to the Albert main gold deposit to the south in character, but narrower, also contains some galena and trace pyrite. Samples from this parallel veined shear are out for assay. Still further west additional trenches and new showings containing rusty quartz veined pyritised gabbro have been mapped and sampled. Prospecting and mapping are in its early stages but these results are encouraging.
The Alberts Gold Zone grid is presently being further extended north by 300m to cover the projected Alberts Gold Zone structures north of these new results but also to cover a VTEM electromagnetic anomaly described in the previous news release of May17, 2018. The grid was also extended in this area an additional 350m west to cover the anomaly strike length and prepare for a ground Transient Electromagnetic Survey.
Stephen Masson P.Geo. M.Sc., the qualified person, personally took the samples and supervised custody and shipment of the samples to TSL Laboratories in Saskatoon.
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. The Issuer has assembled a portfolio of base metal and precious metal prospects, including strategic locations in the Provinces of Manitoba and Saskatchewan.
Copper Reef Mining Corporation
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.