Sully
Snapshot
| Location: | British Columbia, Canada |
| Ownership: | 100% owned |
| Deposit Type: | Sediment hosted silver, lead and zinc |
| Primary Minerals: | Zinc, lead, silver |
| Stage: | Early stage exploration |
Overview
On February 12, 2024, Coast Copper announced it had staked the Sully mineral claims (“Sully” or the “Property”) adjacent to PJX Resources Inc.’s (“PJX”) recent massive sulphide zinc, lead and silver discoveries located approximately 35 kilometers (“km”) east of the past producing Sullivan Mine (which was in operation from 1900 to 2001) near Kimberley BC.
The Sully property is comprised of 3 mineral claims covering 5,134.52 ha and located adjacent to PJX (see Figure 1) where it announced that it recently discovered significant zinc and lead mineralization in outcrops that further supports the potential to discover a Sullivan type mineral occurrence on the PJX property. The Sully property covers ground that hosts the strike extension to the north of the favourable Aldridge Formation, cross structures to the northeast and additional ground to the east of the PJX discovery. Historical regional geochemical surveys (“RGS”)1 on the Sully property have returned anomalous results of silver and lead in-stream sediments³ which warrant further investigation as well as follow up on the 1999 discovery of tetrahedrite (silver mineral) in brecciated limestone at the Red Zone and unexplained lead, zinc, silver and gold anomalies in soils to the north. Rock grab sample 125679 taken in 1999 by Mr. Travis returned 1.675 grams per tonne (“g/t”) gold, 228 g/t silver, 3.83% copper, 3,010 parts per million (“ppm”) lead and 4,270 ppm zinc2 and attest to exploration potential of the area within 10 km of the new PJX Discovery.
Cautionary Notes
Qualified Persons: The Qualified Person responsible for the technical information on this webpage is Wade Barnes, P. Geo., Company Geological Consultant, who has approved the technical information included herein. Any reference to adjacent properties, historical estimates and resources should not be relied upon.
Historical Information: Historical information provided on this webpage regarding the Company’s projects or adjacent properties cannot be relied upon as the Company’s QP as defined under NI-43-101 has not prepared nor verified the historical information. A Qualified Person has not done sufficient work to classify any historical mineral resource estimate(s) referenced herein as a current estimate and Coast Copper is not treating such as current mineral resource(s).
Adjacent Properties: This webpage may contain information about adjacent properties on which Coast Copper Corp has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are no indicative of mineral deposits on the Company’s properties.
Investors are cautioned that the exploration target at Sully is an early-stage exploration prospect, conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
1. Regional Geochemical Survey Data sourced from British Columbia Geological Survey, Map Place.
2. A Summary of Reconnaissance Geological Mapping, Prospecting, Rock Chip Sampling and Stream Sediment Sampling Completed on the Tiger 1-14 Mineral Claims, Adam Travis, 1999. PAP99-40. Prospectors Assistance Program.
3. PJX Resources Inc Website, January 15, 2024 news release.