logo-loader
viewCarube Copper

Carube Copper gets go-ahead to restart exploration at its Jasperoide copper-gold project in Peru

Jasperoide is a high-grade copper-gold skarn and porphyry project spanning 5,700 hectares near three producing mines

Carube Copper -
Field work in Peru was put on hold in March in light of the coronavirus pandemic

Carube Copper Corp (CVE:CUC) said it has received approval to restart exploration work at its Jasperoide copper-gold project in Peru after suspending operations in light of the coronavirus (COVID-19) pandemic.

The approval from the Peruvian government does not include drilling activities, Carube said in a statement.

Since field work was put on hold in March, Carube said it undertook a comprehensive review of historic data, including drill core and logs, and developed a 3D geologic block model for the deposit, which is located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt.

READ: Carube Copper gets shareholder approval to change name to C3 Metals Inc

Carube Chairman Tony Manini told shareholders that there are no confirmed COVID-19 cases within its team or in the Jasperoide project area.

“Carube has introduced strict safety protocols to address COVID-19 risks and is extremely pleased to be restarting field-based exploration activities,” Manini said in a statement. “Jasperoide is a very exciting copper-gold exploration project with historical results that demonstrate the potential for a major discovery, immediate walk up drill targets and a clear line of site to establishing an initial resource."

Manini said that the team’s work over the last three months had “significantly enhanced” its understanding of the geology and mineralization at the property, maximizing the opportunity for discovery at Jasperoide.

The firm also mapped out its proposed 2020-21 drill program, which will commence as soon as Carube receives a permit from Peruvian authorities. The permit application is “well advanced,” the company told investors.

Jasperoide is a high-grade copper-gold skarn and porphyry project spanning 5,700 hectares in southern Peru near three producing mines.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Carube Copper

Price: 0.055 CAD

TSX-V:CUC
Market: TSX-V
Market Cap: $18.23 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Carube Copper named herein, including the promotion by the Company of Carube Copper in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Carube Copper adds to portfolio by acquiring gold project in Nova Scotia

Carube Copper (CVE:CUC) President and CEO Stephen Hughes joined Steve Darling from Proactive Investors on Skype to talk about the company acquiring 100 percent interest in 300 mineral claims in Nova Scotia. Hughes told us about why he likes this area and how his history there helped him make...

on 12/4/19

2 min read