Red Chris
Snapshot
| Location: | British Columbia, Canada |
| Ownership: | 100% owned |
| Deposit Type: | Porphyry copper-gold |
| Primary Minerals: | Copper, gold |
| Stage: | Exploration |
Overview
The Red Chris Properties include the 100% owned Eldorado, Gin and Bonanza Projects. These properties are located in the Golden Triangle, adjacent to Newcrest Mining Limited and Imperial Metals Corporation operating Red Chris Mine and Newmont Corporation’s Tatogga Property.
Geology
Red Chris is located on the west edge of the Intermontane Belt of the Canadian Cordillera. The ore is a copper-gold porphyry type deposit that occurs in the Late Triassic age Red Stock, a monzonite that intrudes older sedimentary and volcanic rocks.
Work Completed by Coast Copper
In 2021, Coast Copper completed a total of 966-line km of airborne magnetics over the Eldorado and Gin Properties, resulting in a 250 m x 2,000 m long east-west trending magnetic high that coincides with previously known mineralization including drillhole EL13-004 returning 91.6m of 0.12% Cu and 0.28 g/t Au from top of bedrock (52.4m depth) to 144m depth1.
More importantly, this survey discovered two new large magnetic anomalies:
- Anomaly 1 is located approximately 750 m south of the previous drill area and trends east-west with dimensions of 1,000 m x 2,000 m and is located along the same geological trend and inferred fault system as the Red Chris open pit mine.
- Anomaly 2 is approximately 1,500 m in diameter and is located approximately 1.5 km east of the area previously drilled.
Planned Work
- Complete detailed ground IP geophysical surveys (permit dependent).
- Continue discussions with local communities and the Tahltan First Nations.
Eldorado Technical Report
Footnote
1 Oliver, J. (2020). NI 43-101 Technical Report On The Eldorado Property
Cautionary Notes
Qualified Persons: The Qualified Person responsible for the technical information on this webpage is Wade Barnes, P. Geo., Company Geological Consultant, who has approved the technical information included herein. Any reference to adjacent properties, historical estimates and resources should not be relied upon.
Historical Information: Historical information provided on this webpage regarding the Company’s projects or adjacent properties cannot be relied upon as the Company’s QP as defined under NI-43-101 has not prepared nor verified the historical information. A Qualified Person has not done sufficient work to classify any historical mineral resource estimate(s) referenced herein as a current estimate and Coast Copper is not treating such as current mineral resource(s).
Adjacent Properties: This webpage may contain information about adjacent properites on which Coast Copper Corp has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent proprites are no indicative of mineral deposits on the Company’s properties.
Investors are cautioned that the exploration target at Red Chris are an early-stage exploration prospect, conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.