Fulcrum acquires a total of 42 mining claims in Canada

Highlights

• A sedimentary-volcanic contact zone has been traced across the length of the property exhibiting alteration reportedly similar to that of the high-grade zinc-copper deposit at Winston Lake.
• Historic soil sampling at Carib Creek East has previously returned anomalous copper values over an area of approximately 2 square km, with values ranging up to 1100 ppm Cu.
• Copper mineralisation was previously discovered on the property in quartz-carbonate veins, returning grab sample assays from 0.97% to 1.35% Cu, with separate veins containing semi-massive iron sulphides, however no drilling was carried out.
• Structural zones of interest have been highlighted by airborne electromagnetic surveying. Using the Winston Lake-Pick Lake analogy, Fulcrum intends to follow-up the known bedrock and soil targets for base metals and possible gold potential with a view to identifying early drill targets.

Aidan O’Hara, Corporate Development Director of Fulcrum Metals, commented: “As a Group we believe in identifying and, where possible, capitalising on opportunities that we feel have the potential to increase shareholder value in the long term. The acquisition of Carib Creek East incorporating 42 claim cells not only extends the company’s footprint in the Winston Lake area, but also provides additional presence over a highly prospective regional mineralised area. The area, which is underexplored, has had minimal historical work undertaken with promising results including copper in soils of up to 1100 ppm and in rock up to 1.35%. We are finalising exploration plans for the Carib Creek-Winston Lake project area and will update the market in due course.”

Read the article online at: https://www.globalminingreview.com/mining/18042023/fulcrum-acquires-a-total-of-42-mining-claims-in-canada/