As you know, OK2 Minerals (OK.V) has resumed the reverse circulation drill program at its Pyramid project in British Columbia (which was interrupted by heavy snow last fall) and has now completed three RC drill holes in what is known as the Central Zone.
Even though the company still has to assay the rock chip samples, all signs are pointing in the direction of the confirmation of the existence of a second large copper porphyry system at Pyramid. The three holes drilled thus far in 2017 were targeting the Central Zone, and despite previous encouraging surface exploration results, this target had never been drilled before. These holes compliment RC drilling in the West Zone in 2016 which demonstrated porphyry-style copper-gold mineralization there as well.
The three holes were drilled in the chargeability high, of which hole 1 was drilled towards the west, whilst holes 2 and 3 were drilled within the high but 460 meters away from each other. All three holes have intersected propylitic alteration and sulphide mineralization (including chalcopyrite) whilst hole number three also contains mineralized quartz veins. This is extremely important as the copper mineralization occurs in (disseminated) chalcopyrite and quartz veins, and the hole seems to have all characteristics of copper mineralization.
The samples will now be shipped to the lab, and we expect to see assay results in the next few weeks. CEO Mike Devji is absolutely right when he states the drill results are ‘an excellent start to the first regional exploration project at Pyramid’ as the first three RC holes have met all of the company’s expectations.
The Company expects to use the results of the RC drilling to target deeper diamond core holes later in the summer, which should be exciting for OK2’s shareholders.