Copper Reef's Alberts Target On Trend with Callinex Discovery
February 17, 2016
Copper Reef Mining Corporation (CSE: CZC) (the "Issuer") wishes to announce that it has received its work permit for drill testing its Albert's Lake geophysical target as well as a Manitoba Government MEAP grant for up to 40% of exploration expenditures. Copper Reef plans to drill the Albert's target this winter. The target is approximately 700 metres long near surface and lies within highly altered felsic volcanic rocks.
Copper Reef is encouraged that Callinex has announced a significant new copper and zinc VMS discovery at Pine Bay that lies approximately 5 kilometers south within similar volcanic rocks directly on trend of the Copper Reef Albert's Lake Target. Copper Reef's large land position extends to within 800 meters of the Callinex discovery and covers all the prospective ground northward from there. Please see map on the Copper Reef Website www.copperreefmining.com.
The Alberts target, which lies at the northern end of a chain of large alteration zones which host the Leo Lake deposit, appear to lie on the same north-north-east trend of the Centennial-Sourdough-Pine Bay Mine trend that has a periodicity of 3-5 km between deposits. This type of periodicity is common in the Flin Flon Belt. All deposits on this trend strike NNE and plunge south similar to the Alberts target. The location of the Callinex New discovery is approximate.
Copper Reef also holds a 1% NSR on the Callinex Pine Bay property.
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 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.
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.