Copper Creek
Gold Corp.
Suite 615 - 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: (604) 662-3004 ext. 117
Fax: (604) 662-3063
Email: leah@clearbridgecapital.com
Website: www.coppercreekgold.com
NEWS RELEASETSXV Trading Symbol: CPV
COPPER CREEK TO BEGIN DRILLING ON SANTA LUCIA GOLD-SILVER PROJECT
VANCOUVER, BRITISH COLUMBIA - January 19, 2012 - Copper Creek
Gold Corp. ("Copper Creek" or the "Company"; TSX VENTURE:
CPV) is pleased to announce that the Company will soon
commence a core drilling program on its Santa Lucia
gold-silver project located 200 kilometres southeast of
Hermosillo in Sonora, Mexico. Copper Creek may earn a 60%
interest in Santa Lucia from Kootenay Gold Inc. (KTN-V) by
spending $2,000,000.00 in exploration and making modest cash
and share payments to Kootenay over a 4 year period. It is
anticipated that drilling will begin in the second week of
February, 2012.
The drill program will focus on testing a 4km long area where
gold and silver values have been noted in multiple, en
echelon quartz veins and stock-works. The veining is
contained in a package of highly silicified crystal-lithic
tuff which is often 200m wide. This package of rocks has a
geophysical signature, seen in both IP and CS-AMT geophysical
surveys, which can be followed for the entire 4km long strike
length. Past drilling on the property, principally done by
Cominco Ltd. in the mid 1990s, did not attain vertical depths
deeper than 145m from surface. The Company has determined
that past drilling was too shallow to intersect the boiling
zone of this property's epithermal system, and has
targeted depths of 200 -
250m from surface as opportune depths to encounter the source
of surface gold and silver values.
A total of 2000 to 2500 meters of drilling are planned in six
holes in three separate, highly prospective areas: The La
Fortuna Zone, the Central Zone and the South Zone.
"I'm very excited to be part of this phase of
exploration at Santa Lucia," said Kristian Whitehead, VP
Exploration. "The size potential for the project is
extraordinary; if we can determine the depth of boiling in
this extensive system where markedly higher gold and silver
grades are predicted to be encountered we will then be able
to quickly apply this knowledge and rapidly add ounces to the
property".
The Santa Lucia property is in the heart of Mexico's
Sierra Madre gold and silver belt. In the area, the following
large gold and silver mines are operated by these companies:
COMPANY | MINE | PUBLISHED RESERVES* |
Agnico-Eagle Mines Limited | Pinos Altos | Proven and Probable Reserves of 3.27m oz. AU and 92.3m oz. AG. |
Coeur d'Alene Mines Corporation | Palmarejo | Proven, Probable, Measured and Indicated Reserves of 1.06m oz. AU and 88.4m oz. AG. |
Alamos Gold Inc. | Mulatos | Proven and Probable Reserves of 2.386m oz. AU |
Minefinders Corporation Ltd. | Dolores | Proven and Probable Reserves of 2.024m oz. AU and 114.52m oz. AG |
AuRico Gold Inc. | Ocampo | Proven and Probable Reserves of 1.248m oz. AU and 52.9m AG |
Goldcorp Inc. | El Sauzal | Three years production totals 629,000 oz. AU |