TSX.V:AMMO

Copper Canyon Project

The Copper Canyon Property, spanning 2,853 hectares with seven claims, is focused on identifying a copper-gold porphyry deposit. A $411,000 Phase 1 exploration in 2021 assessed gold potential, especially in the MGT showing and southern areas. Located 30 kilometers west of Merritt in the Spences Bridge Gold Belt, it is near established mines like Copper Mountain. Merritt provides logistical support, power is available, and water resources exist on or near the property. With no surface rights encumbrances, the property’s strategic position and geological context make it a promising site for exploration and potential mining.

Overview

The Property consists of seven claims, totalling 2,853 hectares. The primary deposit type sought on the Copper Canyon Property is a copper-gold porphyry deposit.

A $411,000 Phase 1 exploration program comprised of prospecting and geological mapping, additional rock/soil sampling and airborne geophysics was undertaken in 2021 to evaluate the gold-bearing potential of the Property.  Focus on the area of the MGT showing and the southern area of the Property is required to evaluate the presence of gold mineralization.  The soil sampling done by Goldblock in 2019 was relatively limited in scope and can easily be expanded to both the north and south.

Project Location

The Copper Canyon property is located 30 kilometres west of Merritt in south-central British Columbia and is situated in the Spences Bridge Gold Belt. This proven mineral-producing belt currently hosts Copper Mountain, Highland Valley, and New Afton mines. The property is one hour from Merritt by highway and logging roads.

Merritt is a former coal mining town and supported the copper-producing Craigmont Mine, approximately 15 km east-northeast of the Property. It is also located 271 km northeast of Vancouver via Highways 1 and 5, 126 km west of Kelowna on Hwy 97C and 87 km south of Kamloops on Hwy 5. These cities can all provide logistical support for exploration and mining operations. Power would be available from Merritt. Water for all phases of the exploration and development program may be available from water courses on or adjacent to the Property. If required during the dry or freezing periods, water would have to be transported from lower elevations or the Coquihalla River. The current land holdings are sufficient to allow for exploration, and there are no encumbrances on the Property’s surface rights.

Exploration History

  • Focus on Copper Canyon copper showing, located on a one-unit claim in the southwest quadrant
  • Surrounded by CHC’s claim but not part of the Property
  • Previous names: Duke Showing, Copper Canyon Showing, Main Zone, Copper Creek Main Zone
  • First claims staked by L. Fournier of Merritt in early 1960s
  • Interest increased due to Craigmont copper deposit discovery
  • Claims optioned to Amalgamated Resources, then to Hurley River Gold Mines in 1962
  • Hurley River Mines drilled 12 holes (1962-1963), totaling ~1,524 meters around Copper Canyon Creek
  • Results show intervals of >0.5% copper over lengths up to 51 meters
  • No surviving core from the drilling to the present
  • Geological mapping, soil sampling, and magnetic/electromagnetic geophysical surveys conducted in 1963-1964
  • New Cinch Uranium Mines Ltd. conducted soil sampling and magnetometer survey in 1969
  • Noranda Exploration re-staked ground in 1979, conducted geological mapping, soil geochemical surveys, and magnetic/electromagnetic surveys
  • Pacific Sentinel Gold Corp. performed geochemical soil, silt, and rock sampling in 1990, delineating two copper-in-soil anomalies
  • Eleven geochemical rock samples collected in the anomalies contain 158 ppm to >10,000 ppm (1%) copper
  • Southern Rio Resources Ltd. purchased 100% interest, conducted geological mapping and geochemical soil/stream sediment/rock sampling in 2002 (Thomson, 2002)

Sampling Program and Exploration Highlights

North MGT Target - Target D

To the left are the plot of the copper-in-soil values and an initial interpretation of anomalies based on a 42 ppm Cu threshold. Sampling by Strongbow in 2006 had returned a value of 3,164 ppm Cu in till (soil) in the area that prompted the initial investigation with a limited soil sampling program in 2019 (see blue outline below). Three modest copper-in-soil anomalies were returned. Sampling in 2021 expanded the grid to the eats, northeast and south, with significant success. A strong, broad copper-in-soil anomaly is located lust east of the access road, trending for over 700 meters in a Ne-sw direction, with widths anomaly is located just east of the access road, trending for over 700 meters in a NE-SW direction, with widths of 150-250 meters (the anomaly is open and not sampled to the east). Outcrop exposure is very limited in the area but the geology is assumed to be similar to the MGT Target to the south, which Spius Creek basalt near the contact with fine grained Eocene age felsic porphyry. This is a HIGH PRIORITY TARGET.

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