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Copper Reef Mining Corporation

News Releases

News Releases

Feb 27, 2012
Copper Reef Begins Drilling at Kississing Gold Target

Copper Reef Mining Corporation is pleased to announce that it has commenced drilling at its Kississing Lake gold zone located in the Sherridon Mining Camp of Northern Manitoba. The gold mineralization has been traced by prospecting for approximately 2 km flanking an airborne electromagnetic (EM) anomaly of the same length. The discovery area outcrop, composed of rusty silicified rock, will be tested by shallow drill holes. The flanking airborne EM conductor, which has not been previously drilled, will be tested, with two deeper drill holes which will also test the gold zone at depth. Grab samples over an 80 m width, range from 1.13 to 10.39 g/t gold at the main showing where exposure is good. The nature of the flanking undrilled anomaly is unknown, however massive sulphides with minor copper mineralization associated with VMS style alteration was observed in old trenches to the north along a separate conductor axis on the property. To the south a separate EM anomaly reflects the Company's "Ideal" base metal prospect, where Callinan Flin Flon Mines reported trench results of: 2.7% copper, 6.8gms/t gold over 2.04 metres and 7.4% Zinc, 1.3% Copper over 2.40 metres. The Ideal mineralization is hosted by rusty felsic rocks very similar to the Kississing Gold Zone. The high gold grades from the Ideal massive sulphide zone suggests that the gold from the Kississing Gold Zone, which lies to the north, may be related to a yet to be discovered stratabound volcanogenic massive sulphide horizon represented by the 2 km long flanking undrilled airborne EM conductor. Another possible model is that the gold mineralization, which is similar in character and hosted in similar rocks, may be like the 2 million tonne Puffy Lake Mine-Maverick gold project now being advanced by Auriga Gold Corp., 12 km to the south east. Bodnar Drilling has been awarded the drill contract.

Full Release attached in PDF Format

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