Trading Symbol: CCY
Significant drill intersections include 0.55%
Cu over 527.6m and 0.48% Cu over 440.9m
VANCOUVER,
Oct. 26 /PRNewswire/ - Catalyst
Copper Corp.("Catalyst", or the "the Company") today announced
results for the final six holes in Phase 1 of its 2010 drill
program on the La Verde copper
porphyry project, Michoacán State, Mexico. Significant intersections of copper
mineralization include 0.55% Cu over 527.6 meters and
0.48% Cu over 440.9 meters. Significant gold values are also
associated with the East Hill
zone.
Including the six holes released today, 11 drill
holes have been completed in Phase 1. The drilling was designed to
confirm two mineralized zones at La
Verde, East Hill and West
Hill, which it has now done. Drill hole spacing in the core area of
both East and West Hill zones is approximately 50 meters by 50
meters.
"Catalyst is very pleased with these drill
results," says Catalyst's VP Exploration Terence Hodson.
"They have confirmed the copper mineralisation at La Verde as intersected by historical drill
holes and will allow Catalyst to complete a NI 43-101 resource
calculation by the end of the year. Also significant is the
majority of holes drilled this year have extended the East Hill and West Hill mineralized zones
further to depth than originally interpreted."
Table 1 below lists results from the six holes
being reported today. Table 2 compares results for all holes
released in 2010 with the targeted historical holes that were
twinned.
TABLE 1:
La Verde |
|
|
|
|
|
|
|
|
|
|
|
|
Twin Holes |
|
|
|
Drill Hole |
Location |
|
From(m) |
To(m) |
Length(m) |
Cu% |
Au g/t |
V-15T |
West Hill |
|
8.7 |
536.3 |
527.6 |
0.55 |
0.005 |
|
|
incl. |
134.5 |
514.1 |
379.6 |
0.72 |
0.006 |
|
|
incl. |
195.0 |
276.0 |
81.0 |
1.08 |
0.013 |
|
|
|
|
|
|
|
|
V-17T |
West Hill |
|
85.8 |
526.7 |
440.9 |
0.48 |
0.005 |
|
|
incl. |
304.7 |
526.7 |
222.0 |
0.74 |
0.006 |
|
|
|
|
|
|
|
|
V-47T |
West Hill |
|
102.1 |
558.8 |
456.7 |
0.37 |
0.007 |
|
|
|
|
|
|
|
|
V-75T |
West Hill |
|
76.3 |
469.0 |
392.7 |
0.28 |
pending |
|
|
|
|
|
|
|
|
V-13T |
East Hill |
|
2.5 |
416.6 |
414.1 |
0.24 |
0.038 |
|
|
|
|
|
|
|
|
V-38T |
East Hill |
|
105.9 |
280.0 |
174.1 |
0.24 |
0.039 |
|
|
|
|
|
|
|
|
|
|
|
|
La Verde |
|
|
|
|
|
|
|
Definition Holes |
|
|
|
Drill Hole |
Location |
|
From(m) |
To(m) |
Length(m) |
Cu% |
Au g/t |
LV10-005 |
West Hill |
|
220.1 |
624.3 |
404.2 |
0.41 |
0.005 |
|
|
incl. |
254.2 |
498.4 |
244.2 |
0.55 |
0.006 |
Results for the first hole of Phase 2 of the 2010
program (Hole LV10-005) have just been received. Phase 2
drill-holes are designed to extend the known mineralized zones at
depth and along strike. LV10-005 was drilled below the eastern end
of the West Hill zone and returned 0.41% Cu over 404.2
meters. Included within this intersection was 0.55% Cu over
244.2 meters. Phase 2 is nearing completion with all core
logging, sampling and assay results expected within the next month.
Catalyst has completed a total of 12,275 meters in Phase 1
and Phase 2 of this year's program.
TABLE 2:
La Verde |
|
|
|
|
|
|
|
|
Dhid |
Location |
|
From(m) |
To(m) |
Length(m) |
Cu% |
Au g/t |
V-15 |
West Hill |
|
13.4 |
281.2 |
267.8 |
0.54 |
-- |
V-15T |
West Hill |
|
8.7 |
536.3 |
527.6 |
0.55 |
0.005 |
|
|
incl. |
134.5 |
514.1 |
379.6 |
0.72 |
0.006 |
|
|
incl. |
195.0 |
276.0 |
81.0 |
1.08 |
0.013 |
|
|
|
|
|
|
|
|
V-17 |
West Hill |
|
80.8 |
351.0 |
270.2 |
0.25 |
-- |
V-17T |
West Hill |
|
85.8 |
526.7 |
440.9 |
0.48 |
0.008 |
|
|
incl. |
304.7 |
526.7 |
222.0 |
0.74 |
0.006 |
|
|
|
|
|
|
|
|
V-19 |
West Hill |
|
37.0 |
261.2 |
224.2 |
0.50 |
-- |
V-19T |
West Hill |
|
90.8 |
640.9 |
550.1 |
0.41 |
0.008 |
|
|
incl. |
143.6 |
162.2 |
19.6 |
1.16 |
0.006 |
|
|
|
214.5 |
252.2 |
37.7 |
0.78 |
0.050 |
|
|
|
411.6 |
536.0 |
124.4 |
0.64 |
0.004 |
|
|
|
|
|
|
|
|
V-21 |
West Hill |
|
20.2 |
310.5 |
290.3 |
0.28 |
-- |
V-21T |
West Hill |
|
19.3 |
654.0 |
634.8 |
0.42 |
0.003 |
|
|
incl. |
209.0 |
267.0 |
58.0 |
0.63 |
0.003 |
|
|
|
477.2 |
606.7 |
129.5 |
0.91 |
0.002 |
|
|
|
|
|
|
|
|
V-47 |
West Hill |
|
108.3 |
390.2 |
281.9 |
0.36 |
-- |
V-47T |
West Hill |
|
102.1 |
558.8 |
456.7 |
0.37 |
0.007 |
|
|
incl. |
102.1 |
230.5 |
128.4 |
0.51 |
0.007 |
|
|
|
|
|
|
|
|
V-75 |
West Hill |
|
74.7 |
473.0 |
398.3 |
0.33 |
-- |
V-75T |
West Hill |
|
76.3 |
469.0 |
392.7 |
0.28 |
pending |
|
|
|
|
|
|
|
|
V-12 |
East Hill |
|
96.8 |
240.7 |
143.9 |
1.06 |
-- |
V-12T |
East Hill |
|
13.2 |
253.0 |
239.8 |
0.50 |
0.048 |
V-12T |
|
incl. |
152.0 |
201.1 |
49.1 |
1.17 |
0.112 |
|
|
|
|
|
|
|
|
V-13 |
East Hill |
|
2.527.8 |
276.5 |
248.7 |
0.26 |
-- |
V-13T |
East Hill |
|
2.5 |
416.6 |
414.1 |
0.24 |
0.038 |
|
|
|
|
|
|
|
|
V-14 |
East Hill |
|
16.3 |
167.0 |
150.7 |
0.38 |
-- |
V-14T |
East Hill |
|
9.0 |
165.4 |
156.4 |
0.36 |
0.165 |
|
|
incl. |
9.0 |
53.0 |
44.0 |
0.47 |
0.362 |
|
|
|
|
|
|
|
|
V-38 |
East Hill |
|
70.4 |
243.9 |
173.5 |
0.35 |
-- |
V-38T |
East Hill |
|
105.9 |
280.0 |
174.1 |
0.24 |
0.039 |
|
|
|
|
|
|
|
|
V-126 |
East Hill |
|
228.1 |
502.0 |
274.9 |
0.55 |
-- |
V-126T |
East Hill |
|
214.4 |
497.8 |
283.4 |
0.39 |
0.152 |
|
|
incl. |
271.3 |
454.3 |
183.0 |
0.51 |
0.175 |
|
|
|
|
|
|
|
|
Top hole without "T" is original hole; hole with
"T" is twin hole.
Catalyst Copper is a Vancouver-based publicly traded mine
development company (TSX-V: CCY) that optioned the La Verde copper porphyry project in Michoacán
State, Mexico from a subsidiary of
Teck Resources Limited (see December 8,
2009 news release for complete option details).
ON BEHALF OF THE BOARD OF DIRECTORS OF
CATALYST COPPER CORP.
"Terence W.
Hodson, P. Geo"
TERENCE W.
HODSON, V.P. EXPLORATION
T.W. Hodson is the qualified
person as defined by National Instrument 43-101, and has reviewed
the technical disclosure contained herein and accepts
responsibility for such disclosure.
Reference may be made in this press release to historic
minerals resource estimates. None of these are NI 43-101 compliant
and a qualified person has not done sufficient work to classify
these historic estimates a current mineral resource. They should
not be relied upon and Catalyst does not treat them as current
mineral resources.
Certain information set forth in this news release may
contain forward-looking statements that involve substantial known
and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, certain
of which are beyond the control of the Company, including, but not
limited to, risks associated with mineral exploration and mining
activities, the impact of general economic conditions, industry
conditions, dependence upon regulatory approvals, and the
uncertainty of obtaining additional financing. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.
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.
SOURCE Catalyst Copper Corp.
Copyright . 26 PR Newswire