SIMON COPPER
The following CJP Property is available for sale or option.
Simon Copper
Denbeigh and Lyndoch Townships
Near Bancroft, Ontario
- This consists of several zones of massive to semi-massive sulphides with an old resource estimate at 300,000 tons averaging 1.1% copper, 4-5% zinc and 15 g/t silver.
- The main sulphide lens averages 3 meters thick and strikes 180 meters. The resource estimate includes drill holes to 100 meters but has been intersecting at greater depth in recent drill campaigns
The property hosts multiple surface showings, including the North Zone, South Zone, B Zone and East Zone. The showings are associated with magnetite horizons, which include sulphide zones containing approximately 25-50% massive and semi-massive pyrrhotite, pyrite, chalcopyrite and sphalerite in varying amounts in a host rock of amphibolite gneiss.
In the early 1960’s, the South Zone was explored by both Noranda Mines and Young Davidson Mines (YDM). YDM reported a mineral inventory of 253,000 tons @ 1.09% Cu on the South Zone above 106 meters elevation (Note: This mineral inventory is historical only and non-compliant with National Instrument 43-101 standards). Subsequent work by Pelangio in 2000-2001 successfully intersected the South Zone Deposit and extended the zone’s known vertical depth to 155 meters below the surface. This initial drilling showed that copper grades, zinc grades and associated alteration on the deposit were improving significantly at depth.
Grab samples taken by the OGS in historic trenches returned values of 0.16- 3.5% copper and 0.04- 3.4% zinc while earlier surface samples by Noranda reported values as high as 11.2% copper. The Simon Copper was also recommended in the "Recommendations for Exploration 2019-2020" put out by the OGS.
A Pelangio report suggests that the presence of the multiple zones located in a very small 500 by 500-meter area indicates there may be possibilities for a series of stacked en-echelon copper zinc sulphide lenses on this prospect.
Historically, almost every hole drilled into the various zones returned copper mineralization, generally accompanied by zinc, however, many companies did not report assay values with their submissions. Holes drilled by Pelangio Mines Inc in 2004 all intersected the sulphide zones and returned values as high as 2.78% copper, 5.07% zinc, 0.34 g/t gold, and 5.30 g/t silver. The most recent drilling by Adroit Resources in 2007 yielded values up to 0.37% copper and 1.33% zinc over 13.18m.
The drill core from the previous holders (Adroit and Pelangio) has been preserved and is available. This core remains in a secured facility and amounts to approximately 10,000 meters.