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Wedgemount Resources (CSE:WDGY) has provided the market with some further insights on its Phase 1 Cookie exploration program in British Columbia today. The copper explorer has revealed up to 14.8% copper and 88 g/t silver was sampled in mineralised veins in the Overstall zone, which is located at the northwest portion of the project.

This is one of three potential copper zones that Wedgemount has been exploring this year. The focus of the 2021 Phase 1 exploration program at Cookie was to confirm the grade and style of copper and gold mineralization documented in historic assessment reports as well as to evaluate new areas considered prospective for porphyry-related mineralization.

Priority target areas included the five kilometer long, Red-Amber northwest trending corridor on the eastern side of the property and the six kilometer east-west trend of under-explored copper occurrences on the western side of the property.

Other priority targets on the western side included the Overstall and Jensen Creek areas. The field program was based out of a fly camp on the east end of Amber Lake. Sampling was conducted by a 5-person crew from Tripoint Geological Services between July 15 and August 11, 2021. Over the course of 15 field days, 86 rock samples, 689 soil samples, and 122 alteration chips were collected for analysis.

“Our technical team did an outstanding job finding previously un-sampled zones of copper, gold and silver mineralization outcropping in multiple areas of the project,” said Mark Vanry, President and CEO of Wedgemount Resources. “With a multitude of samples in various areas of the project returning greater than 1% copper, the company is optimistic that not only will there be robust copper drill targets, but there is also the opportunity for significant grade.”

Wedgemount said it is optimistic that the next phase of exploration, including an IP survey, will further help delineate high-potential drill targets for the 2022 exploration season.

Assay results from Wedgemount’s Cookie collection

Assay results have now been received for 86 grab rock samples from a variety of mineralized settings on the Cookie property. A total of 52 rock samples returned copper concentrations in excess of 1,000 ppm (0.1% copper) of which 20 samples exceeded 10,000 ppm (1.0% copper). These 20 samples returned results ranging from 1.05% copper to the highest at 14.8% copper.

Four samples returned gold grades in excess of 4 g/t including the best result of 32.6 g/t gold from sample D704123 which also returned 85.8 g/t silver and 5.17% copper. The sample was taken from iron-oxidized quartz vein float with malachite/azurite staining and chalcopyrite. Nineteen samples returned greater than 10 g/t silver, including two samples that returned greater than 100 g/t silver.

Among the other highlights was sample D704025, which was taken at the Overstall Zone from a highly brecciated outcrop with carbonate-chalcopyrite-bornite veinlets hosted in propylitic altered diorite and returned 14.8% copper, 87.8 g/t silver, 0.14 g/t gold and 1.28% molybdenum. The Overstall Zone is characterized by a zone of intense potassic alteration associated with mineralized veining (quartz, chalcopyrite, bornite, pyrite) that occurs in diorite immediately west of the contact with Takla volcanics on the north-facing slope of Overstall ridge.

Listen: Podcast with Mark Vanry, CEO of Wedgemount Resources

Sample D704061 was taken from the Menard Pass area and returned 1.37% copper, 115.0 g/t silver and 4.46 g/t gold in a shear zone containing lenses of quartz-calcite veining which cuts amygdaloidal andesite with abundant malachite-azurite staining.

The 2021 sampling has revealed alteration and associated mineralization in the Overstall and Menard Pass areas that present obvious targets for future work, the company said today.

The center of the 29,000 hectare Cookie property is approximately 40 kilometers south of Centerra Gold’s past producing Kemess copper-gold mine and approximately 200 kilometers north of Smithers B.C. Historical work from the late-1960s to the early 2000’s, including geological mapping, geophysical and geochemical surveys and limited drilling have outlined numerous porphyry-related copper-gold targets defined by widespread hydrothermal alteration zones, copper and gold mineralization and strong, yet un-drill-tested copper-in-soil geochemical anomalies.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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