Alpha Copper Corp, a resource sector organization founded to create value through mineral exploration and asset advancement, has announced that the drill program mobilization to its Okeover project has commenced.
A media release stated that Alpha has been advised that the contractor has begun moving the drill rig and excavator to the project site to execute on its initial 2,000-metre drilling campaign.
The release stated that the Okeover copper-molybdenum property encompasses 4,613 hectares (11,399 acres) located immediately north of City of Powell River. Since its discovery in 1965, Okeover has been explored by several companies, including Noranda Exploration, Asarco Exploration, Falconbridge Nickel Mines, Duval International Corporation, Lumina Copper Corp, and Eastfield Resources, according to the release.
The release stated that Alpha Copper is embarking on its initial 2,000-metre diamond drill program, which is designed to expand the North Lake Zone, where an historic resource is targeted and represents just one of seven zones of mineralization on the property.
In July 2007, the company received the results from the first four drill holes of a seven-hole program at the Okeover property. The reported drill holes were designed to expand the understanding of the current resources of the North Lake Zone, according to the release.
The release stated that drilling has established that mineralization is very much open-ended to the east, suggesting that the North Lake Zone may be considerably larger than the previous 2006 estimate. In addition, molybdenum grades appear to be increasing to the east, according to the release.
“As I noted in July, we are excited to be moving ahead with this program,” stated Alpha Copper CEO Darryl Jones. “There is a lot of historic data regarding this property, and our aim is to substantiate and update the previous efforts that indicate a potentially significant deposit and to define the commercial opportunity.
“The drill results will begin to determine a proper asset valuation, which is always the goal for a company at our stage of development. It’s all part of the journey to unlock corporate and shareholder value from our natural resources during this nearly unprecedented time of growth for the copper sector.”
The release stated that drilling to date has always been shallow in nature and ended in mineralization. Alpha Copper aims to test the mineralization at-depth, with the intent to extend the mineralized target body data as part of its efforts toward the completion of a technical report planned for 2023.
The Peak has reached out to Alpha Copper for further comment.