Copper Reef to Drill High Grade Parres Vein
April 19, 2013
Copper Reef Mining Corporation (CNSX: CZC) wishes to announce that it will commence drilling the Parres Vein on its 100% owned Otter Lake Property (the "Property"). The Company plans to drill four holes and possibly six pending initial visual results. High grade vein material, assaying up to 114 g/t (3.4 on/ton) gold, from last summer's trench sampling, is associated with galena and minor chalcopyrite. Silver values up to 477 g/t are 3 to 4 times the gold values. The Vein which averages 80 cm wide is exposed over 100 m before buried beneath soil cover at each end. Ten samples, from last summer, along a 90 m section were taken at roughly every 10 meters intervals. The results indicate high grade gold. From northeast to south west along the strike of the vein the results in grams per tonne gold are as follows: 7.17, 0.83, 33.90, 33.89, 49.50, 114.20, 46.61, 24.61 3.10, and < 0.03. The most westerly sample taken of a barren portion of the vein did not carry but a 50 m section averaged over 35 grams gold per tonne (over 1.0 ounce gold /ton). Other similar veins in the same area were observed to contain galena but remain to be sampled systematically after they are better exposed and mapped.
Following the initial drilling, Copper Reef will expand its summer program of mapping, prospecting, and detailed sampling over this and its adjacent 100% owned Twin Lakes property which the Company acquired by staking. This past winter a VLF electromagnetic survey and a detailed magnetic survey was carried out over the expanded area. Anomalies from these surveys will be followed up by prospecting. The property, which total 1,936 ha, straddles Highway 10, 30 km south of Flin Flon Manitoba, contains a number of gold prospects. These structures are part of a trend of gold showings and mines along the northwest trending Payuk Lake - Gurney Mine deformation zone (Gurney Mine Structure). The Gurney Mine structure is approximately up to 80 metres wide locally, with gold showings and deposits generally on the southern side of the structure in subsidiary shears. Copper Reef holds 4 km of this gold structure.
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 Company's properties are currently at the exploration stage. The Company, which has no long-term debt, has assembled a portfolio of base metal and precious metal prospects and has the funds to explore them.
Copper Reef Mining Corporation
Stephen L. Masson M.Sc. P.Geo.
President & CEO
No securities regulatory authority has reviewed or accepts responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are or may be considered forward-looking statements, such as estimates and statements that describe Copper Reef's future plans, objectives or goals, including words to the effect that Copper Reef or its 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. We seek safe harbour.