Stamper Oil & & Gas Corp. (TSXV: STMP(FSE: TMP2)( “Stamper”or the “Company “) Is enjoyed share the staying arise from our 2023 Redonda Copper Molybdenum expedition program.
Remarks from President and CEO Bryson Goodwin:
“I am pleased to share the assays from the staying drill outcomes of our 2023 expedition season. Significantly, the considerable obstruct lengths observed throughout the whole drill program. These top-quality intercepts not just improve our understanding of the underlying geology however likewise offer clear proof, strengthening our dedication to additional expedition ventures.
The results of these assays mandate a growth and higher expedition program triggering much deeper holes to thoroughly examine the depth and breadth of our Redonda Copper Molybdenum and obviously Rhenium expedition task.
Hole 23-01 signified as its positioning was tactically selected to collar and test outside the Potassic Zone. This intentional choice not just includes a layer of certainty to our future expedition efforts however likewise guarantees optimum drill hole positioning for the upcoming season. The success of these outcomes supports our interest for the capacity that lies ahead, setting the phase for a much more enthusiastic and impactful expedition program in 2024.”
Of note are the Rhenium returns.
Rhenium is among the rarest components in Earth’s continental crust; its approximated typical crustal abundance is less than 1 part per billion. Rhenium is a metal that has an incredibly high melting point and a heat-stable crystalline structure. More than 80 percent of the rhenium consumed worldwide is utilized in high-temperature superalloys, particularly those utilized to make turbine blades for jet airplane engines.https://pubs.usgs.gov/publication/pp1802P
I have actually consisted of the following details to assist investors see our lead to a more comprehensive point of view.
For a mine presently in production:
- Common cut off 0.10% acid soluable copper.
- This is the number listed below which you do not think about copper to be recoverable.
- Successful production Copper grade %0.17 (as reported in 2022 with a cost per pound low of $3.22)
- Successful production Molybdenum 0.008
COPPER IS FORCAST TO EXCEED $4.00 WITH MANY ACKNOWLEDGED EXPERTS PREDICTING $5 BY 2025. This offers a frame of production understanding so investors can totally absorb the noted outcomes.
(A projection is thought about a Forward-looking declaration including different threats and unpredictabilities. There can be no guarantee that this will show to be precise, and real outcomes and future occasions might vary materially from those prepared for in this declaration).
https://www.cnbc.com/2024/01/03/copper-appears-set-to-rally-more-than-75percent-by-2025-analysts-say.html#:~:text=In%20a%20December%20report%2C%20the,scaled%20in%20March%20last%20year
HOLES RED 23-05, 02 & & 01
| Hole # | From/To | Core Length | Cu% | MoS2% | Re (ppm) | CuEq% |
| Hole Red-23-05 Mineralization begins with surface area |
2.7-33m | 30.3 m | 0.213 | 0.0192 | 0.0749 | 0.362 |
| Hole Red-23-05 Hole bottoms in excellent grade |
39.3-182.0 m | 142.6 m | 0.279 | 0.0281 | 0.0927 | 0.490 |
| Hole Red 23-02 Mineralization begins with surface area |
3.1-111.0 m | 108m | 0.251 | 0.025 | 0.1025 | 0.412 |
| Hole Red-23-02 Hole bottoms in excellent grade |
158.5-169.2 m | 10.7 m | 0.375 | 0.1377 | 0.5871 | 1.468 |
| Hole Red-23-01 verification hole collared outdoors Potassic Zone | 60-67m | 7m | 0.136 | 0.0023 | 0.0167 | 0.157 |
The copper comparable estimation makes use of the basic formula and is based upon present area metal costs of copper at US$ 3.40 per pound, Re at $4,400 per ounce, and molybdenum at $20.60 per pound. Healings are set at 100% for all metals for functions of the copper comparable computation as no metallurgical test information is offered. Cu Eq is utilized for illustrative functions just and does not suggest that the metals are financially recoverable.
The present outcomes enable a re-interpretation of the geology and mineralization. The whole mineralized location is a series of multi-phase magmatic-hydrothermal breccias.
The presently understood greatest grad copper-moly zone and associated breccias cross a specified northern horizontal length of over 600m, a width of a minimum of 500m and a vertical level of 300m. This is greater grade, potassic transformed centre of mineralization is made up of variable density of dark mafic-rich pieces. Greater grades are plainly associated with abundance of dark pieces in vugs and heavy chalcopyrite/molybdenite and pyrrhotite replacement. These hornblende phyric rocks are incredibly modified by biotite and magnetite forming a potassic core of change. The location of interest seems the top of the lava cupola or carapace. Big consisted of blocks of older volcanics have actually been observed a brief range to the northeast.
Some state-of-the-art copper/MoS2is likewise related to the density of quartz stockworks and fracture filling. The locus of magmatic-hydrothermal multi-phase intrusives and brecciation connected with mineralization stands out from the surrounding Coast Plutonic Complex although existing level of mapping has actually not well recorded the contact relationships. The multi-phase system is plainly more youthful than the confining Coast Plutonic rocks. The existence of mineralized miarolitic cavities recommend a high level and really fluid-rich hydrothermal system.
The huge breccia-agmatite body to the northeast is sparsely mineralized on surface area however has actually not been evaluated by drilling. Previous operators recommend that the focus of mineralization might happen at depth to the northeast as translated by the magnetic signature.
The business is thinking about an aggressive program in 2024 which might include:
1) Airborne magnetics and radiometrics to specify the potassic core zone to the north and south.
2) Limited Induced Polarization to the northeast.
3) Deeper drilling to listed below 500m within the recognized potassic core.
This program is presently allowed. A brand-new Notice of Work (NoW) has actually been submitted in 2023 to broaden the presently allowed program.
The mineralized zones are open to the north. A different old roadway system 1.0 km to the northwest will be examined in 2024 for possible extensions of the mineralized zone.
The mineralized zone is open to the south and might plunge to the south (under the Coast Plutonic Complex. Future drilling is required along roadways to the south after air-borne geophysics is finished. Substantial iron skarns are understood to the east on the east side of Redonda Island which might be part of a large magmatic-hydrothermal system at depth.
About Redonda:
The job consists of 9 claims amounting to 2746.46 ha and lies 40km northeast of Campbell River, BC. Redonda is quickly accessed with year-round routinely set up barge service out of Campbell River through Marinelink. Gain Access To from Redonda Bay is by 5km of just recently updated logging roadway. Logging is continuous and guarantees a properly maintained complex of forest service roadways throughout the claims. Work continued in 2021 under aLetter of Supportfrom the Klahoose First Nation within their Traditional Territory and Free Use Permit, Drill Permit and IP Exemption from the Ministry of Energy, Mines and Low Carbon Innovation (EMLI).
The local setting of the Redonda residential or commercial property belongs to the Coast Suture Zone in between the Wrangellia Terrane and the Coast Plutonic Complex. In the claims location, Early Cretaceous dioritic invasive rocks of the Coast Plutonic Complex have actually been intruded by a minimum of 3 later invasive systems, consisting of a quartz plug, formerly translated large hornblende dike which is in your area brecciated over its 600 meter exposed length and a number of smaller sized feldspar dikes which cut dioritic rocks near the southwest margin of the formerly analyzed hornblende-rich body. Greater concentrations of copper-molybdenum mineralization are carefully related to the hornblende dike, especially in locations where it has actually been brecciated. The geological setting of the mineralization on the Redonda mineral declares share a variety of functions comparable to those observed at the OKover copper-molybdenum porphyry deposit situated 34 km to the southeast, north of Powell River and the Gambier Copper deposit in Howe Sound.
QA/QC
Analytical work for samples was finished by ALS Canada Ltd. an ISO/IEC 17025 2017 Accredited Lab, with sample preparation and geochemical analyses in North Vancouver, BC. Core samples were great crushed before a 250-gram split was crushed to much better than 85% passing 75 microns. Gold was figured out for core samples by the PGM-ICP24 treatment which includes fire assay preparation utilizing a 50-gram charge with an inductively combined plasma-atomic emission spectroscopy surface (“ICP-AES”). Multi-element information for 48 aspects was figured out for all samples by the ME-MS61 treatment, which includes a four-acid food digestion followed by ICP-AES and inductively paired plasma-mass spectrometry.
Extensive treatments remain in location concerning sample choice, collection, chain of custody and information entry. Qualified assay requirements and blanks are consistently placed into the sample stream of diamond drill samples to make sure stability of the assay procedure. All diamond drill samples consisted of in this press release have actually passed the QA/QC treatments as explained above. Core was tested utilizing a manual splitter, with half of each period sent out to the laboratory for analysis, and the other half kept with sample periods marked on packages.
Certified individual
The technical disclosure in this release has actually read and authorized by J. T. Shearer, M.Sc., P.Geo. (BC & & Ontario), a certified individual as specified in National Instrument 43-101. Mr. Shearer is not arms length.
About Stamper Oil & & Gas
Stamper Oil & & Gas Corp. (TSXV: STMP) is an “Energy Commodity Focused” resource business, looking for to get interests in mineral and/or oil & & gas resource homes concentrated on energy development, storage or shipment. The Company is dedicated to producing sustainable investor worth by assessing and establishing future potential customers into commercially feasible properties.
ON BEHALF OF THE BOARD OF DIRECTORS
“Bryson Goodwin”
Bryson Goodwin, President & & CEO
Chairman of Board of Directors
For additional details, please contact:
Phone: 604-341-1531
Email:brysongoodwin@shaw.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is specified in the policies of the TSX Venture Exchange) accepts obligation for the adequacy or precision of this release.
Positive Statements
This press release consists of particular declarations that might be considered “positive” declarations. Positive declarations are declarations that are not historic realities and are normally, however not constantly, determined by the words “anticipates”, “strategies”, “expects”, “thinks”, “plans”, “price quotes”, “tasks”, “possible” and comparable expressions, or that occasions or conditions “will”, “would”, “might”, “might” or “need to” take place. Stamper Oil & & Gas Corp. thinks the expectations revealed in such positive declarations are based on affordable presumptions, such declarations are not warranties of future efficiency and real outcomes might vary materially from those in forward looking declarations. Positive declarations are based upon the beliefs, quotes and viewpoints of Stamper Oil & & Gas Corp. management on the date the declarations are made. Other than as needed by law, Stamper Oil & & Gas Corp. carries out no commitment to upgrade these positive declarations on the occasion that management’s beliefs, quotes or viewpoints, or other aspects, must alter.