Ottawa, Ontario - September 19, 2017 (Newsfile Corp.) (Investorideas.com Newswire) Carube Copper Corp. (TSXV: CUC) is pleased to announce the completion of a drill program on its 100% owned Bellas Gate copper-gold project in Jamaica. The 1,900 metre program focused on the Provost, Hendley and Provost South East targets. The drilling in Jamaica was unaffected by Hurricane Irma which passed through the Caribbean and Florida last week, well north of Jamaica. Assay results from the drilling program are expected to be available in early October. The field program in Jamaica is continuing with drill target generation at the Main Ridge Project and reconnaissance level mapping and sampling at the remaining five 100% owned project areas. Follow up drilling at Bellas Gate will be planned once all results have been received.
"Our drilling program in Jamaica went well and was unaffected by Hurricane Irma which tracked more than 300 kilometres to the north of our project. We were quite pleased to see copper mineralization in all holes drilled during this campaign and we look forward to receiving the assay results in early October." - Jeff Ackert, President and CEO of Carube Copper
A total of 1895.8 metres of drilling was completed in 7 holes. Three holes were completed at the Provost target. A fourth hole at Provost was abandoned after it encountered poor ground in a fault zone at shallow depth. Two holes provided an initial test of the Provost SE target and one hole tested an induced polarization anomaly on the Hendley prospect. (See Figure 1 below)
¹The intervals do not necessarily indicate true width of mineralization as its geometry is not known. Copper equivalents are calculated using a US $3.00/lb. copper and a US$1200 per ounce gold price assuming unlimited internal dilution and 100% recovery of both metals. Sample Preparation, Analysis and Quality Control: For a description of these items as pertaining to drill core and soil samples please see disclosure on Carube Copper's website at http://www.carubecopper.com/disclaimer.html. Carube Copper and Activation Laboratories all have robust sample security and quality control programs in place for samples collected in Jamaica.
Results for the first hole drilled this year on the Provost target area — PVT-17-004 - were announced on July 5 and returned 340.1m of 0.25% CuEq (0.20% Cu, 0.09g/t Au) which included 55.3m of 0.51% CuEq (0.35% Cu, 0.27g/t Au) and 14.0m of 1.04% CuEq (0.62% Cu, 0.71g/t Au). The remaining results are expected to be available in October.
A table of drill collars with the coordinates, azimuth, depth and lengths are included below.
Jeff Ackert, President and CEO
Alar Soever, Chairman
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
QP Statement: This press release has been reviewed and approved by Shannon Baird, MSc. Exploration Manager for Carube Copper in his capacity as a qualified person as defined under NI 43-101.
Carube Copper Corp. (TSXV: CUC) is a Canadian exploration company focused on the exploration and development of copper and gold projects in Jamaica and Canada. In Jamaica, Carube Copper holds a 100% interest in 11 licenses, totalling 535 square kilometres. In Canada, it holds a 100% interest in three porphyry copper-gold-molybdenum properties, totalling 469 square kilometres within the Tertiary-aged Cascade Magmatic Arc in southwestern British Columbia. Exploration continues on these properties with the goal of joint-venturing them to larger exploration and mining companies. Carube Copper continues to seek opportunities in Canada and the Caribbean for acquisition and development.
DISCLAIMER & FORWARD LOOKING STATEMENTS
This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Carube Copper Corp. provides no assurance that actual results will meet management's expectations. Factors which cause results to differ materially are set out in the Company's documents filed on SEDAR. Undue reliance should not be placed on "forward looking statements."
IMPORTANT NOTICE: By reference herewith, Carube Copper incorporates into this release the entire disclaimer set forth on its website at http://www.carubecopper.com/disclaimer.html
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