Vancouver,
British Columbia, Canada -- September 21, 2021 -- InvestorsHub
NewsWire -- CAVU Mining Corp. (CSE:
CAVU) (OTC:
CAVVF) (FSE: 8NQ) ("CAVU" or the "Company"), is pleased to
provide an overview of the 2021 drilling campaign on the Hopper
copper-gold project located in the Yukon. The Hopper project is in
the traditional territory of the Champagne and Aishihik First
Nations.
Highlights
- The skarn, now named "Copper Castle",
mineralized footprint expanded from 433,000
m2 to 507,000 m2, a 16%
increase
- Visual inspection indicates mineralized skarn
horizons intersected in every hole at Copper
Castle
- Mineralized margin of a porphyry intrusion
intersected from surface to 200m depth through testing of three
complementary datasets with one
hole
- Drilling results are expected to be returned
from MS Analytical Langley
soon
The footprint of
mineralization at Copper Castle increased by 16%, after CAVU's
inaugural drill campaign. Mineralization at Copper Castle occurs
over a strike length of 1350m.The holes targeted skarn extensions,
geophysical targets, and undrilled showings. Copper Castle remains
open to all directions but the north, where it is cut off by the
Hopper intrusion where the Company has discovered porphyry
mineralization.
"We are very
happy with the results of the drilling on the Hopper," stated Jaap
Verbaas, CEO of CAVU. "Despite border restrictions and supply chain
issues, which are amplified in Canada's north, CAVU drilled 1119m
in six holes. The first five holes increased the footprint of
Copper Castle considerably. The sixth hole intersected the
low-grade shell normally found around mineralized porphyry cores.
This hole represents a major development on the project as it
proves the occurrence of a mineralized porphyry. These holes lay
the foundation for a larger program in 2022 during which we will
vector towards the center of the porphyry target and further
increase the Copper Castle
footprint."
Copper Castle
skarn exploration
Five holes were
drilled in the Copper Castle skarn in 2021. The holes were designed
to test certain geophysical targets such as EM and magnetic targets
while at the same time infilling and extending the mineralized
envelope. As a result, the mineralized footprint of the skarn
increased considerably, and the company expects this will increase
further to the south, west and
east.
Figure 1. Copper
Castle collars on an EM AdTau anomaly map (scale 0-1
msec). Photos
show: top) magnetite, chalcopyrite, pyrrhotite skarn in
HOP21-DDH-01 at 66.07 (top) and, carbonate, magnetite and
chalcopyrite skarn in HOP21-DDH-02 at 79.15m
(bottom).
Hopper porphyry
exploration
HOP21-DDH-06 was
collared in a porphyry target (Figure 2) and designed to test three
separate datasets (magnetic, induced polarization,and soil
geochemistry). The result identified which datasets are best
utilized for targeting shallow porphyry mineralization. The hole
intersected chlorite altered (propylitic) monzonite locally cut by
vein-controlled potassic alteration and mineralized porphyry dykes.
Mineralization includes minor vein-hosted to disseminated
chalcopyrite (average <0.3% chalcopyrite from 0 - 200m), the
latter overprinting primary mafic sites. Potassic alteration is a
marker for high-temperature alteration in porphyry centers. The
three intended datasets were successfully tested and give the
company a clear strategy for porphyry exploration. The alteration
and mineralogy indicates that HOP21-DDH-06 intersected the margin
of a Cu-Mo porphyry system, proximal to a porphyry
center.
Figure 2. Porphyry target exploration. Photos
show typical vein-controlled potassic alteration (top) and
pervasive propylitic alteration (bottom) from 0 -
200m.
Collar
table
Table 1. 2021
Drill collars
Hole
ID
|
Easting
|
Northing
|
Elevation
|
Azimuth
|
Dip
|
Depth
|
Zone
Name
|
HOP21-DDH-01
|
397674.7
|
6794636.0
|
1177.8
|
269.4
|
-69.7
|
83
|
Copper
Castle
|
HOP21-DDH-02
|
397711.2
|
6794599.2
|
1186.3
|
271.9
|
-68.3
|
128
|
Copper
Castle
|
HOP21-DDH-03
|
397738.5
|
6794569.6
|
1189.7
|
271.1
|
-69.9
|
146
|
Copper
Castle
|
HOP21-DDH-04
|
397505.9
|
6795295.9
|
1285.6
|
281.0
|
-74.4
|
251
|
Copper
Castle
|
HOP21-DDH-05
|
397217.4
|
6795562.8
|
1280.9
|
299.2
|
-60.5
|
209
|
Copper
Castle
|
HOP21-DDH-06
|
397679.3
|
6797243.4
|
1362.1
|
105.6
|
-74.9
|
302
|
Porphyry
Target
|
About the
Hopper
The Hopper is a
road accessible porphyry-skarn project in southern Yukon. The
project is under option for a 70% interest from Strategic Metals, a
renowned Yukon Project Generator. The project is 2.5 hours by car
from the city of Whitehorse and located 50km north of Haines
Junction. The Otter Falls hydroelectric power station is 22km south
of the claim.
Engagement of
Investor Relations Firm
CAVU is also
pleased to announce that Emerging Markets Consulting, LLC (EMC) has
been retained to provide investor/public relations services. EMC
specializes in helping small and mid-sized public companies
establish brand awareness and increase market share to its customer
base while improving visibility to the institutional and retail
investment community. The contract is for an initial term of 3
months at a cost of US$110,000.
Based in
Orlando, Florida, Emerging Markets Consulting, LLC (EMC) brings
multiple decades of combined experience in the investor relations
industry. EMC is an international investor relations firm with
affiliates around the world. EMC is relationship-driven and
results-oriented with the goal of seeking attractive emerging
companies and concentrating its resources and efforts to serve a
limited number of high-quality clients. For more information, visit
EMC's website at www.emergingmarketsllc.com.
QAQC and Data
Verification
The current
drill samples will be sent to MS Analytical Langley, an ISO
9001:2008 certified laboratory for analysis along with 5% QA/QC
samples consisting of certified blanks, standards and field
duplicates, for assay. The information presented above is based on
recently drilled core which has been mineralogically assessed by
geologists on-site.
Qualified
Person
Jeremy Hanson,
P. Geo., is the qualified person for the Company as defined in the
National Instrument 43-101 and has reviewed the technical
information presented within the news
release.
About CAVU
Mining Corp.
CAVU Mining
Corp. is a mining company engaged in the acquisition, exploration
and development of mineral projects containing metals used in green
technologies and the renewable energy sector. The Company is
currently focused on the exploration of its flagship Hopper
Copper-Gold Project in the Yukon and continues to evaluate
complimentary mineral projects in mining-friendly
jurisdictions.
ON BEHALF OF THE
BOARD OF DIRECTORS
Dr. Jaap
Verbaas, P.Geo.
CEO and Director
CAVU Mining Corp.
jverbaas@cavumining.com
604-493-2997
Forward Looking
Statements
All statements,
other than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the Canadian
Securities Exchange, the British Columbia Securities Commission and
the Ontario Securities
Commission.
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