25 Nov Booming copper prices sway Rokmaster Resources into prospecting programme at BC property
Rokmaster resources has presented a set of results from a preliminary prospecting programme at its Big Copper Property in British Columbia, citing resurgent copper and silver prices as the key stimulus for the activity.
TSXV-listed Rokmaster’s flagship project is the massive sulphide gold and polymetallic Revel Ridge Project, located to the East of Big Copper in the Canadian province of BC. However, the company was encouraged to get into the field at Big Copper due to increasing levels of exploration in the region.
John Mirko, president and CEO of Rokmaster said: “For many years, Big Copper had been a secondary asset within Rokmaster’s project portfolio.
“Our re-examination of the Big Copper Property has been predicated by: 1. Rapid and substantial increases in copper and silver prices and projected supply short falls for these metals, and 2. Greatly enhanced competitor activity in the search for sediment hosted copper deposits in Southeastern British Columbia.”
Rokmaster states that sedimentary hosted copper-silver deposits are the second most important global source of copper, lagging only to porphyry copper deposits in total resource.
The Rokmaster prospecting team examined historical trenches, rock outcrops and waste dumps along the 1km strike of the historic mineralised zone at Big Copper. Over this broad area, seven rock and chip samples averaged 0.16 g/t gold, 77 g/t silver and 3.43% copper.
These results are within the range of those reported by previous operators, confirming that Big Copper is a robust copper-silver sediment hosted occurrence, and one which may have a significant structural overprint.