Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Copperhill Resources Corp (CUHL: CDN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Shugarue who wrote (43)	5/5/1999 7:29:00 PM
From: Len Hynes	Respond to of 123

Hi Bill; Here is Copperhill's latest press release...looks very interesting...any comments on this? Copper Hill Corporation Mailing Address: 24 Vancouver St., St. John's, NF A1A 2R6 Office: Suite 303, 49-55 Elizabeth Ave., St. John's, NF A1A 1W8. 709-739-4780; 709-739-4785 (fax) RELEASE 99-03 May 5, 1999 STOCK SYMBOL: CUHL (CDN) SHARES OUTSTANDING:16,647,140 (FULLY DILUTED: 17,751,140): FOR COPPER HILL CORPORATION RE: EXPLORATION UPDATE: TIM'S COVE GOLD PROJECT DISCOVERY OF POTENTIALLY LARGE SCALE EPIGENETIC GOLD SYSTEM Copper Hill Corporation ("Copper Hill") is in receipt of the Second Year Mineral Assessment Report on its 100%-owned Tim's Cove Project. The Tim's Cove Property is located in north-central Newfoundland, approximately 50 km N of Gander and 15 km N of the community of Clarkes Head, Newfoundland. The Report was prepared by its Consultant Geologist, Dr. Derek Wilton, P.Geo. and its Project Geologist, Robert Taylor. As previously reported, the Tim's Cove property hosts an undeformed epigenetic quartz vein system with widths varying between 0.6 and 4.5 m over the 1 km long exposure. The vein is hosted by a plug of the Devonian Charles Cove granodiorite. Assays for representative grab samples from the vein system taken during the 1997 exploration program yielded values up to 14.56 g /t Au and 451 g/t Ag. Local sericitic alteration of the host granodiorite in proximity to the vein was also noted during the 1997 program. The main focus of the 1998 exploration program was to further characterize the setting and hopefully expand the known area of mineralization. An exploration grid with a 1.4-km long north-south base-line was cut over the trace of the quartz vein, followed by a detailed mapping, prospecting, B-horizon soil geochemical survey, panned steam sediment sampling, and a Max-Min geophysical survey. Detailed mapping over the grid revealed that it was underlain dominantly by fine- to medium-grained granodiorite intrusive into thinly bedded argillites and siltstones. The contact between the two is frequently marked by an intrusive breccia zone and hornfels alteration is locally developed within the sedimentary rocks. The quartz vein has many offshoots that are subparallel to the main vain. The vein locally hosts up to 1 % arsenopyrite. Prospecting along the grid led to the discovery of three new mineralized zones outside of the main vein. The "Gina" indication is a 50-75 cm wide offshoot vein from the main vein that is surrounded by 60 cm wide massive arsenopyrite selvages. These selvages assayed at 0.94 - 1.98 g/t Au. The "Berni" indication is an overburden-covered pod of massive arsenopyrite hosted by sheared and sericitized granodiorite. An assay of 2.3 g /t Au over 80 cm was derived for this pod. The "X-Zone" is an irregular (up to 75 m by 25 m) zone of bleached granodiorite with silicification, sericitization and up to 5% disseminated arsenopyrite. Anomalous Au values up to 0.12g/t were derived for grab samples from this zone. The discovery of these three zones indicates that auriferous mineralization on the property may be present in the host granodiorite external to the main quartz vein. The B-horizon soil geochemical survey (72 samples collected) conducted over the 1.4 km exploration grid produced encouraging results, showing highly anomalous gold-in-soil values to 0.77 g/t Au and 0.8 g/t Ag. These values defined two zones each approximately 650 x 250 m in area which are separated by approximately 200 m of bedrock (see Tim's Cove maps on our website). Rock samples from this area yielded values of up to 2.36 g/t Au and 2.0 g/t Ag, and quartz veins from this exploration area, as previously reported, returned values of 7.15 to 14.56 g/t Au and 451 g/t Ag. A panned stream sediment sample, one of seven collected from two small streams partially draining the property, produced Au assay of 1594 ppb. This particular sample was collected from a site 200 m south of the grid base-line suggesting a possible extension of the main vein zone. The very encouraging results suggested by these new data which indicate the potential for economically exploitable gold-silver mineralization, have prompted Copper Hill to seek a joint-venture partner to assist in the further exploration of this large target area. Copper Hill which trades on the CDN holds a number of mineral exploration projects in Newfoundland and Labrador. For further information, please call 709-739-4780; fax: 709-739-4785, or visit our web site home page at copperhillcorp.com to view associated maps and data. Earl R. Benson, President

To: Bill Shugarue who wrote (43)	8/19/1999 7:15:00 AM
From: Len Hynes	Read Replies (1) \| Respond to of 123

Hi Bill; Here is Copperhill's latest press release...a very interesting acquisition in light of the latest information that is coming out of Central Newfoundland re Phelps Dodge drilling . FOR FURTHER INFORMATION PLEASE CONTACT: Copper Hill Corporation (709) 739-4780 (709) 739-4785 (FAX) NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: COPPER HILL CORPORATION SHARES OUTSTANDING:16,647,140 (FULLY DILUTED: 17,751,140) CANADIAN DEALING NETWORK SYMBOL: CUHL AUGUST 17, 1999 Copper Hill Corporation Aquisition Of Powderhorn Lake Property: A Recently Discovered Nickel Environment ST. JOHN'S, NEWFOUNDLAND--Copper Hill Corporation ("Copper Hill") is pleased to report that it has concluded an arms-length agreement to acquire the highly prospective Powderhorn Lake ("Powderhorn") property which was held by a group of prospectors. The Property consists of 83 mineral claims totaling approximately 5146 acres and is situated in the Central Mineral Belt of Newfoundland, 17 km west of the Central Newfoundland community of Grand Falls-Windsor, adjacent to the Trans-Canada Highway. Consideration for the purchase to earn a 100 percent interest calls for Copper Hill to make cash payments to the vendors of $32,500 over two years, from December 15, 1999, and the issuance of 200,000 treasury shares upon approval, with an additional 100,000 shares to be issued to the vendors by December 15, 2000. The vendors will retain a 3 percent net smelter royalty (NSR) and be issued an additional 100,000 shares at the commencement of commercial production on the property. Copper Hill is required to cause $300,000 in exploration expenditures by December 15, 2002 and to have at least one diamond drill hole within six months. The Agreement is subject to Regulatory approval which is anticipated by September 15, 1999. Surface prospecting, trenching and sampling have returned values to 1.1 percent Ni, 0.65 percent Cu and 0.09 percent Co. Two previously drilled short prospector diamond drill holes with 13.65 m of continuous sampling yielded a total of 4.6 m semi-massive sulphides grading greater than 1 percent combined Ni, Cu and Co. This initial nickel discovery was not the result of systematic and exhaustive exploration. The Powderhorn mafic (gabbro, diorite) "dykes" appear to represent a composite emplacement, a more lateral facies of the north-south trending Twin Lakes Complex. The elongated Paleozoic (early Silurian to Late Devonian) mafic pluton appears to have been emplaced along a tectonic suture within the Exploits Subzone of the Dunnage Zone. The implied deep magma sourcing may, in part, explain the relative abundance of inclusion charged breccias. Copper Hill's optimism is, in large part, based on the following six factors: (1). The suggested deep source and large size of the intrusive system; (2). A greater basicity as indicated by whole rock geochemistry (11 wt percent MgO, uncorrected for L.o.I), the presence of olivine, and Ni:Cu ratios greater than 1:1 and approaching 3:1; (3). The probable presence of free pentlandite as suggested by a sample with low sulphides ( 4.12 percent total S) but high Ni (1.02 percent). This sample yielded the highest Pt and Pd (0.028 oz/ton, combined); (4) the presence of flow aligned globules of composite sulphides; similar textures have been reported at producing nickel mines at Duluth, Sudbury and Nor'ilsk, to name a few; (5). The presence of hybridized and contaminated variants of gabbro; and (6). The presence of country rock sediments, possible facies of the Ordovician-Roberts Arm Group, which are extensively mineralized (pyrrhotite-pyrite-sphalerite-chalcopyrite); through the suggested brecciation-hybridization process, the Powderhorn mafics have been extensively silicified and probably sulphurized. Copper Hill which trades on the CDN holds a number of mineral exploration projects in Newfoundland and Labrador. For further information, please call 709-739-4780; fax: 709-739-4785, or visit our web site home page at copperhillcorp.com to view associated maps and data. On behalf of the Board of Directors, Earl R. Benson, President. -30-