Highpointe Assays 0.29 % Copper, 0.02% Molybdenum & 1.9 g/t Silver Over 216 Metres on the Tasco Property, British Columbia
March 22 2012 - 9:01AM
Marketwired
Highpointe Exploration Inc. (TSX VENTURE:HIP) (the "Company",
"Highpointe") has received drill assays from its Tasco Property
(the "Property") which is located in the Taseko River area of west
central British Columbia. The Tasco Property consists of 6,586.144
hectares located 150 kilometers southwest of Williams Lake, British
Columbia and 200 kilometers north of Vancouver. The Property has
similar characteristics to other porphyry deposits and occurrences
that are located in the same general area including the Prosperity
deposit of Taseko Mines situated 50 kilometres to the north.
The Company drilled two holes totalling 683 metres on the
Property. Both of these holes intercepted long intercepts
mineralized with copper, molybdenum and silver. Drill Hole #1
returned an impressive 216 metres with 0.29% copper, 0.02%
molybdenum and 1.9 grams/tonne ("g/t") silver. Hole #2 also defined
a thick mineralized zone of 120 metres assaying 0.31% copper, 0.02%
molybdenum and 3.3 g/t silver. Significant assays are outlined in
table 1. The higher grade sections within the larger mineralized
zone are also shown in table 1. Of interest in hole #2 is the
potential for higher grade intervals on the Tasco property. Note
that the bottom 33 metres of historic drill hole #81-2 reportedly
ran 0.08% Mo, supporting increasing molybdenum grade with
depth.
Table 1: Significant Assays from the Tasco Property
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DDH From (m) To (m) Length (m) Cu% Mo% Ag g/t
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#1 158.00 178.00 20.00 0.18 N/A 1.8
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#1 192.00 408.00 216.00 0.29 0.02 1.9
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INCLUDING 266.00 322.00 54.00 0.39
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#2 20.00 140.00 120.00 0.31 0.02 3.3
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INCLUDING 64.00 94.00 30.00 0.42 6.45
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#2 152.00 204.00 52.00 0.19 0.02 2.0
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#2 226.00 267.00 41.00 0.13 0.04 1.1
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INCLUDING 254.00 267.00 13.00 0.09
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Robert Coltura, President states, "Highpointe is very pleased
with these drill results from our Tasco property. Of great
importance to us was the consistency of the copper and molybdenum
grades throughout the mineralized zones. This demonstrates a robust
porphyry system of which BC is world famous. At this time
Highpointe management is working on a strategy to move forward with
this exciting property."
Also of interest is that fact that hole #2 had to be stopped at
a depth of 267 metres in good mineralization due to poor weather
conditions. Both of these drill holes contained long intersections
of copper mineralization with associated molybdenum and silver. The
copper-molybdenum-silver mineralization is contained within various
intrusive phases including diorites and quartz porphyries. The
mineralization appears to fit within the calc-alkaline porphyry
model. Chalcopyrite and molybdenite are mainly associated with
quartz veinlets, and chalcopyrite is also present on fractures and
as disseminations.
Hole #1 was drilled about 115 metres northerly from the
historical hole 81-02 that returned 289 metres grading 0.28% copper
and 0.02% molybdenum and which ended in mineralization. A Qualified
Person has not verified this historical drill data and therefore
HighPointe Exploration cautions the reader not to rely upon them.
Hole #2 is about 100 metres southerly from 81-2.
The results of an airborne ZTEM resistivity survey support the
continuation of mineralization with depth. The drilling was carried
out over a 500-metre diameter resistivity core that has been
interpreted as well-altered intrusive rocks. The ZTEM data suggests
that the drilling has not reached this deeper geophysical
target.
Qualified Person
Stephen B. Butrenchuk, P.Geo., P.Geol., is a Director of the
Company and is the Qualified Person that has reviewed and approved
the technical content of this press release.
These are sample results, taken from mineralized intervals of
the drill holes. Depths and lengths are core lengths and not true
widths. The intercepts disclosed in this news release are
significant intercepts and not all the samples submitted for
analysis. Samples were submitted to ACME Laboratories ("ACME") in
Vancouver, BC for crushing, pulverizing and analysis. Samples are
taken from drill core, split in half along the core axis. One half
is sent to ACME and the other half retained by the Company for
future reference. The Company applies a full quality assurance and
quality control program (QAQC) system for every batch of samples
submitted to the lab (copper standard, field sample duplicate and
blank). Copper standards, blank samples and duplicate samples were
inserted into the sample stream at approximately 30 sample
intervals. All QC/QA samples were within acceptable limits.
On behalf of the Board of Directors
HIGHPOINTE EXPLORATION INC.
Robert Coltura, President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Highpointe Exploration Inc. Robert Coltura President
& Chief Executive Officer (604) 678-5308 (604) 678-5309
(FAX)