CAVU Announces Porphyry Copper Discovery at the Hopper Copper-Gold Project and Intersects 116.18m at 0.24% CuEq from Surface
Vancouver, British Columbia, Canada -- October 7, 2021 --
InvestorsHub NewsWire -- CAVU Mining Corp. (CSE:
Pink: CAVVF) (FSE: 8NQ) ("CAVU" or the "Company") is pleased to
announce a new copper (+gold +silver +molybdenum) porphyry
discovery with the drill results for drill hole HOP21-DDH-06 on the
Hopper copper-gold project in Yukon Territory, located in the
traditional territory of the Champagne and Aishihik First
- Hole HOP21-DDH-06 Intersected 116.18 m of 0.209% Cu and 1.3 g/t
Ag from surface
- Including 90.22m at 0.244% Cu and 1.4 g/t Ag
- Alteration and grade indicate HOP21-DDH-06 located on the
margin of a large Cu-Mo porphyry
"This porphyry discovery is transformational for CAVU and the
Hopper project," stated Jaap Verbaas, CEO of CAVU. "116.18m at
0.209% copper is an exciting interval for CAVU's first hole in
area. It is the second diamond hole in the porphyry target and the
first hole on the project to intersect primary porphyry
mineralization. With hole 6 CAVU tested how three different
datasets relate to potential porphyry mineralization to establish a
targeting strategy. We ended up exceeding our own expectations with
over 100m of mineralization from surface. We are proud to have
substantially increased the potential of the Hopper Project and
today's results give our technical team a clear path for follow
up-diamond drilling in 2022. Guided by a strong technical team and
robust geochemical and geophysical datasets we believe we will be
able to vector to the core of the porphyry efficiently."
The alteration and grade intersected with hole HOP21-DDH-06 are
consistent with the low-grade propylitic shell typically found
around porphyry copper systems. The combined magnetic and soil
anomalies which are interpreted to indicate shallow porphyry
mineralization are over 1,000m in diameter. The hole was collared
on the edge of these anomalies to also intersect a 3DIP anomaly
from 170m onwards. HOP21-DDH-06 successfully tested all three
datasets and how they relate to potential porphyry mineralization.
There was no clear source for the 3DIP anomaly, which was
intersected from 170m onwards.
Table 1. Drill results of HOP21-DDH-06.
1True width of drill intercepts unknown.
2Assumptions used in USD for the copper equivalent calculation were
metal prices of $3.00/lb Copper, $1,300/oz Gold, $18/oz Silver and
recovery is assumed to be 100% as only preliminary metallurgical
test data is available. The following equation was used to
calculate copper equivalence: CuEq = Copper (%) + (Gold (g/t) x
0.6319) + (Silver (g/t) x 0.0087).
3Recalculated to account for a total of 0.7m recovery. The
unrecovered interval was assumed to be unmineralized. The following
formula was used: (recovered interval / unrecovered interval) *
Table 2. Drill collars (UTM Zone 8N) as surveyed with dGPS.
Updated investor presentation
An updated investor presentation is available through the
following link: CAVU
QAQC and Data Verification
The current drill samples have analyzed by MS Analytical
Langley, an ISO 9001:2008 certified laboratory. Quality assurance
and control (QAQC) is maintained at the lab through rigorous use of
internal standards, blanks and duplicates. CAVU adds another 5%
QAQC samples consisting of standards, blanks and field duplicates.
The QAQC samples that return unacceptable values trigger
investigations into the results and re-analysis of samples that
were tested in the batch with the failed QAQC sample.
Roger Hulstein, 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 Hopper Copper-Gold Project in Yukon and continues to
evaluate complimentary mineral projects in mining-friendly
ON BEHALF OF THE BOARD OF DIRECTORS
Dr. Jaap Verbaas, P.Geo.
CEO and Director
CAVU Mining Corp.
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.
SOURCE CAVU Mining Corp.
Grafico Azioni CAVU Energy Metals (CSE:CAVU)
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