Tuesday, February 01, 2022

#Mining #Stock News- Coast Copper (TSX-V: $COCO.V) Makes New #Copper- #Gold Discovery at Empire: 7.18 g/t Gold and 3.17% Copper over 16.3 m at Raven Bluff Target; @CoastCopper_

#Mining #Stock News- Coast Copper (TSX-V: $COCO.V) Makes New #Copper- #Gold Discovery at Empire: 7.18 g/t Gold and 3.17% Copper over 16.3 m at Raven Bluff Target; @CoastCopper_         

           


                                                

Vancouver, BC, February 1, 2022- Investorideas.com Newswire, MiningSectorStocks.com Mining Stock News- Coast Copper Corp. (TSX-V: COCO) announces assay results for the second batch of samples from its initial 19 drillhole (2,346 metre (“m”)) core drilling program completed in December 2021 on its optioned Empire Mine Property (the “Property”); see news releases dated December 20, 2021 and January 25, 2022. Results reported in this news release are from two drillholes and one partial drillhole (MW21-015, partial 016 and 017) located in the Raven Bluff and Raven Pit approximately 200 m north of the past-producing Merry Widow magnetite iron ore open pit mine (see Figure 1). Drill highlights include 7.18 grams per tonne (“g/t”) gold (“Au”) and 3.17% copper (“Cu”) intersected over 16.3 m at Raven Bluff: and 6.2 g/t Au over 1.67 m at Raven Pit. See Table 1 for full list of highlights.

 

Read this news, featuring COCO in full at https://www.investorideas.com/news/2022/mining/02013TSXV-COCO.asp

 

The objective of drilling at the Raven Bluff and Raven Pit targets was to test parts of the Property that, despite numerous recommendations made over the years since 1988 by consultants, had remained undrilled. The 2021 drillholes encountered significant copper and gold intercepts and more drilling is clearly warranted.

 

At Raven Bluff (see Figure 1) a detailed review of historical records, compilation of previous geological mapping and our own site inspections indicated that sulphide mineralization was more likely associated with north-northwesterly trending greenstone dykes within a 200 m x 200 m area that has never been adequately tested. Coast Copper’s drillholes MW21-015 & MW21-016 were drilled as a preliminary test of this hypothesis and were successful in intercepting semi-massive chalcopyrite and pyrrhotite bands, in core lengths up to 16.28 m, associated with the margins of the greenstone dykes. These sulphide-rich mineralized zones intercepted in hole MW21-015, occurring as deep as 100 m below surface (see Figure 2 and Table 1), gave assays of up to 7.18 g/t Au, 3.17% Cu over 16.28 m. Assay results have only been partially completed for drill hole MW21-016, which was drilled below drillhole MW21-015 returned initial assay results up to 0.55 g/t Au and 1.06% Cu over 12.04 m and suggestive that the mineralization at Raven Bluff persists to depth. Detailed controls to mineralization are still being determined and complete assay results are awaited for the rest of MW21-016.  

 

Table 1: 2021 Empire Drill Program Significant Raven Bluff Raven Pit Drill Results

Zone

Hole ID

From

(m)

To

(m)

Interval**

(m)

Au

(g/t)

Cu

(%)

Silver (“Ag”)

(g/t)

Cobalt (“Co”)

(%)

AuEq***

(g/t)

CuEq****

(%)

Raven Bluff

MW21-015

15.76

16.30

0.54

4.67

5.81

38.6

0.192

16.62

10.10

and

56.55

57.47

0.92

12.90

0.65

16.4

0.009

14.27

8.67

and

77.53

79.42

1.89

11.47

0.51

13.7

0.011

12.60

7.65

and

97.78

114.06

16.28

7.18

3.17

47.8

0.056

13.57

8.25

including

100.46

105.16

4.70

16.86

0.22

1.7

0.004

17.28

10.50

including

110.70

114.06

3.36

4.64

12.51

197.6

0.209

29.87

18.15

MW21-016

208.55

211.27

2.72

0.31

0.47

4.6

0.007

1.21

0.74

and

266.96

279.00

12.04

0.55

1.06

12.2

0.007

2.52

1.53

including

272.25

273.91

1.66

1.43

4.38

60.2

0.026

9.68

5.88

including

278.00

279.00

1.00

2.49

3.49

30.2

0.021

8.84

5.37

and

295.35

297.00

1.65

1.40

0.20

2.8

0.002

1.79

1.08

Raven Pit

MW21-017

31.00

32.67

1.67

6.20

0.002

0.4

0.000

6.21

3.77

and

32.67

34.70

2.03

0.36

0.28

9.9

0.067

1.61

0.98

and

53.90

54.85

0.95

0.22

0.40

2.1

0.017

1.07

0.65

*The intervals reported in this table represent drill intercepts and insufficient data is available at this time to state the true thickness of the mineralized intervals. **The Metal prices used in CuEq and AgEq calculations are as follows: Gold $1750/oz, Silver $23.00/oz, Copper $4.20/lb and Cobalt $25/lb. Recoveries are assumed to be 100% for the purposes of equivalent calculations.*** The AuEq formula used for calculations is: AuEq g/t = Au g/t + (Cu % x 1.65) + (Ag g/t x $0.013) + (Co % x $9.80).****The CuEq formula used for calculations is: CuEq % = Cu % + (Au g/t x $0.608) + (Ag g/t x $0.008) + (Co % x $5.95)

 

Historical records indicate that the 21 m wide, north-trending Raven magnetite deposit with associated sulphides: pyrrhotite, pyrite, sphalerite and chalcopyrite was mined in the Raven Pit during 1959. As a magnetite resource, its high sulphide content made the Raven deposit uneconomic and after extracting about 22,000 tons, the Raven deposit was abandoned and later backfilled with waste rock from the Merry Widow Pit (J. Lund 1966). A substantial body of massive pyrrhotite, with lesser chalcopyrite and pyrite (with gold and silver values reportedly associated with these sulphides), cut by late occurring calcite-sphalerite veins, was described as occurring near the Raven Pit’s eastern boundary²Coast Copper’s drillhole MW21-017 (see Figure 2 and Table 1 and 2) is the first ever drillhole to be drilled under the backfilled Raven Pit and, after passing through 30 metres of waste dump material, immediately cored into 4.70 m of semi-massive pyrrhotite and chalcopyrite that assayed 6.2 g/t Au over 1.67 m followed by 2.03 m grading 0.36 g/t Au and 0.28% Cu. Deeper in the hole, other bands of massive magnetite of up to 8. 6m were encountered. It is important to note that it appears that this drillhole clipped the top of the zone and now that the historical pit and mineralization has been re-located subsequent drillholes can be properly located to test the entire reported widths of this > 20 m wide zone.

 

Adam Travis, Coast Copper’s CEO commented, “We have now reported two new gold discoveries at Raven Bluff and Raven Pit, one of ten main target areas on the Property, to go along with our significant copper and gold results released last week, which I would encourage everyone to read. Our drill success at Raven Bluff opens up at least a 200 m x 200 m target area. These new discoveries confirms our belief that additional areas on the Property are prime exploration targets for new copper and gold discoveries as previous operators either focused on the mining of magnetite or drilling in the Merry Widow Pit.  Even within the Merry Widow area which is a small portion of the overall Property zones such as South Pit, Lower Marten and Whiskey Jack have not been drilled. This is also another step forward in proving that the Empire Mine Property covers a large district scale potential with multiple target types (magnetite, copper/gold and zinc skarns, gold and copper veins, Iron Oxide Copper-Gold) that have seen little to no modern exploration.  We look forward to adding this drill core to our display at the AMEBC Roundup conference February 3rd and 4th, 2022 in Vancouver, B.C.”

 

Coast Copper will continue to update its geological interpretation and modelling and will report additional assay results once received. Photos of select drill core will be available on the Coast Copper website under the Empire Mine Property tab.

 

Table 2: Drill Hole Locations, Azimuth and Dip

Hole ID

Easting

Northing

Elevation m

Total Length (m)

Azimuth

Dip

Size

MW21-015

624343.6

5579888

703.803

148.5

77

-45

NQ

MW21-016

624343.2

5579887

703.85

309.0

80

-60

NQ

MW21-017

624299.6

5579882

704.577

84.0

288

-45

NQ

 

QA/QC Statement on Assay Results

The 2021 drill sample collection was supervised on-site by Coast Copper personnel and sub-contractors who inserted certified standards, blanks, and field duplicates consisting of quarter core samples into each batch of samples at regular intervals. QA/QC samples account for 8% of the total samples sent to the labs.  Samples were sealed on site and shipped to MSALABS in Langley, British Columbia for analysis.  Samples were prepared by crushing the entire sample to 70% passing -2mm, riffle splitting of 1kg and pulverizing the split to better than 85% passing 75 microns. MSALABS also conducts a rigorous QA/QC policy by inserting standards, blanks and conducting pulp duplicates on certain drill core intervals.

 

All samples were analyzed by 48 element ultra-trace 4-acid ICP digestion. Copper assays >10,000 ppm and Ag assays >100 g/t were reanalyzed with an Ore Grade method.  The analytical results are verified with the application of industry standard Quality Assurance and Quality Control (“QA/QC”) procedures. The gold assays were determined by 30g fire assay with AAS finish method which reports in parts per million (“ppm; equivalent to g/t).  Any samples greater than 10.0 g/t gold were re-analyzed by fire assay method with a gravimetric finish. 

Iron ore analysis was determined by borate fusion and XRF finish.

 

Qualified Persons

The technical information contained in this news release has been prepared, reviewed, and approved by Wade Barnes, P.Geo. (BC) of Tripoint Geological Services, Coast Copper’s geological consultant and a Qualified Person within the context of Canadian Securities Administrators' National Instrument 43-101; Standards of Disclosure for Mineral Projects.

 

About Coast Copper Corp. 

Coast Copper’s exploration focus is the optioned Empire Mine Property, located on northern Vancouver Island, BC, which covers three historical open pit mines and two past-producing underground mines that yielded iron, copper, gold and silver. Coast Copper’s other properties include its 100% owned Eldorado, Gin and Bonanza properties located in BC’s prolific Golden Triangle district which are adjacent to Newcrest Mining Limited’s and Imperial Metals Corporation’s Red Chris Mine, its Knob Hill NW Property located on northern Vancouver Island and its 100% owned Sterling, Sandy and Home Brew properties which are located in central BC. Coast Copper’s management team continues to review precious and base metals opportunities in western North America.

 

On Behalf of the Board of Directors:

“Adam Travis”

Adam Travis, Chief Executive Officer and Director

 

For further information, please contact:

Adam Travis, CEO

Coast Copper Corp

409 Granville Street, Suite 904

Vancouver, B.C. V6C 1T2, Canada
P: 877-578-9563

E: adamt@coastcoppercorp.com

NR22-02

 

Cautionary Notes Related to this News Release and/or maps

1.    NI 43-101 Technical Report: Giroux, G.H., & Raven, W. (November 30, 2008). Technical Report on the Copper Gold Resources for the Merry Widow Property. Filed on SEDAR January 22, 2009. The 2008 Grand Portage resource estimate was completed by Gary H. Giroux, P.Eng, MASc, of Giroux Consulting Ltd. in Vancouver, B.C. The estimate was based on a 3D geological model integrating 4,448 metres of diamond drilling of 43 drill holes, 2,290 assays, with 104 down-hole surveys collected between June and December 2006. The resource was reported utilizing gold cut-off grades ranging from 0.10 g/t to 3.00 g/t gold, as more particularly set out in the report. A complete copy of the report is available on Grand Portage's public filings on SEDAR (www.sedar.com). A gold cut-off grade of 0.50 g/t gold was selected as representing one possible mining scenario. For the purposes of the calculations, lognormal cumulative frequency plots were used to assess grade distribution to see if capping of high values was required and if so at what levels. For all elements, capping levels were established based on the individual grade distributions as follows: Gold -- a total of 18 gold assays were capped at 32.0 g/t gold, Silver --a total of 9 silver assays were capped at 165 g/t silver, Copper -- a total of 7 assays were capped at 11.7% copper, Cobalt -- a total of 5 assays were capped at 0.48% cobalt, Iron -- all iron assays were capped at 50% iron (the analytical detection limit).

2.    2017 Prepatory/Physical Report for the Blue Gold Project. Dan P. Berkshire, James Hume. April 15, 2018. British Columbia Geological Survey Assessment Report 37,471.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Coast Copper, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Coast Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.

 

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Breaking #AI #Stock News: GBT (OTCPK: $GTCH) Filed an AI-Empowered #FinancialTechnology Patent Application Seeking to Protect an Advanced Credit Management Concept; #artificialintelligence



 

Breaking #AI #Stock News: GBT (OTCPK: $GTCH) Filed an AI-Empowered #FinancialTechnology Patent Application Seeking to Protect an Advanced Credit Management Concept; #artificialintelligence

 

The concept introduces an innovative, AI empowered technology for secured credit card management methods and systems

 

San Diego, CA, February 1, 2022 - (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”) filed with U.S. Patent and Trademark Office (“USPTO”) a non-provisional patent application for systems and methods of a financial software application for a secured, AI controlled credit card management system. The application was filed on January 26, 2022 and assigned serial number 17584427.  The concept consists of a web and mobile application that are based on GBT’s patented database management method and empowered by its Artificial Intelligence technology. The goal of the patent application is to protect a software application concept that would automatically characterize and prioritize consolidation of different credit cards into one card, creating one large line of credit. The patent application seeks to protect intellectual property (IP) with the goal of evaluating the best financial aspects of each of the user’s credit card account and automatically select the user’s best card to be used. Among these aspects are lowest interest rates, membership fees, cash advances, line of credit, gift certificates and more reward programs. GBT believes that such system can be an efficient financial assistant for individuals and corporations, ensuring user’s best financial interests using credit systems. The company plans to expand its research and development in this domain during 2022.

 

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2022/02011AI-Empowered-Financial-Technology-Patent.asp

 

“The credit card market world is wild today. There are numerous credit cards choices, each offers different interest rate, benefits and a wide variety of rewarding programs. It is a tricky task to decide which credit card to use and for which type of charges. We are in process of developing an AI controlled, credit card management system to automatically assist users with their credit cards transactions. The invention aims to automatically prioritize and characterize user’s credit cards according to their characteristics. The goal of the technology is to rank a user’s credit cards profile according to their attributes among them are interest rate, reward programs and similar. In turn, it is designed to use the one with the highest rank to execute the desired charge(s), constantly ensuring the user’s best financial interest. We filed a non-provisional patent to protect the concept of a smart “Financial Manager” that helps users with credit lines monetary decisions, always ensuring their best interest. We find this topic an intriguing opportunity for our technology to be implemented within the financial domain and intend to further explore its horizons in the near future,” stated Danny Rittman, GBT’s CTO.

 

There is no guarantee that the Company will be successful in researching, developing or implementing this system or that it will be granted the patent (or prior provisional patent).  In order to successfully implement this system, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product.  There is no guarantee that the Company will be successful in any or all of these critical steps. 

 

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.


Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Dr. Danny Rittman, CTO
press@gopherprotocol.com

 

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