CNX: CZC $0.02
Copper Reef Mining Corporation

News Releases

News Releases

May 02, 2012
Copper Reef Intersects Low Grade at Kississing

Copper Reef Mining Corporation (CNSX: CZC) wishes to announce that it has received the results of this winters drill program on its 100% owned Kississing Property. The mineralized horizon, as well as stratigraphy, was found to be very shallow dipping (8-10 degrees), explaining the wide area of mineralization at surface on the shore. This is quite different from what geological maps had shown. A total of five holes were drilled on the lake ice in a row, one behind the other from within 35 m of the main showing to as far back as 170 m. A number of stratabound mineralized horizons were intersected ranging from 0.2 g to 1.6 g /t gold up to 3.5 m true thickness. The main mineralized horizon which now appears to be 3-4 m thick and assaying at surface up to 10 g /t gold was not intersected in the closest three holes due to the flatness of the mineralized horizon and the depth of the lake causing these three holes to over-shoot the target horizon. Two holes further back (140 m and 170 m) intersected the main horizon over a 3-4 metre width, which assayed 1.6 g /t gold over 1 m. The Electromagnetic target flanking the gold at surface was explained by a graphitic sulphide rich trust fault elevated in arsenopyrite but with only low gold values of 0.1-0.2 g /t gold. Although better grades and thicknesses may exist along strike and closer to the mineralized outcrop on the south shore, the Company believes the flat dip next to a lake is prohibitive for mining. For these reasons as well as the lower than expected grades, the Company will not carry out further exploration in this northern area of the property. A number of targets remain on the southern portion of the property which include: the Ideal Zone, a high grade basemetal prospect with significant gold as well as a number of untested electromagnetic targets associated with the basemetal horizon.

Full Release attached in PDF Format

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