FLIN FLON, MANITOBA, June 6, 2014...............Copper Reef Mining Corporation (CSE: CZC) (the Company) wishes to announce it has acquired the Johnson Lake Property that came open for staking. The claims which are part of the White Lake Cuprus Mine Horizon had been held by Hudbay Mining and formerly Hudson Bay Exploration since 1934.
The property lies in the main Flin Flon Camp of Manitoba, less than a quarter mile from the Cuprus Mine Claim. Copper Reef now owns an additional 1.7 km of this mine stratigraphy aside from the portion on our East Big Island Property which together have a combined strike length of 8 km. A road passes through the centre of the property from old highway #10 to Bear Lake, although presently it is only passible by ATV.
The White Lake Mine produced 849,598 tonnes of ore grading 1.97% Cu and 4.63% Zn. The orebody commonly contained up to 6% Cu at its stratigraphic base and up to 16.0% Zn at the top. Average solid sulphide contained approximately 6% Zn, 3% Cu, 68.57g/t Ag and 0.69 g/t Au.
The Cuprus Mine produced 462,000 tonnes of ore grading 3.24% Cu, 6.42% Zn, 1.36 g/t Au and 28.0 g/t Ag.
The new property would hold any down plunge extension to the Cuprus orebody or possible satellite orebodies. Copper Reef will first access what work has been done, before undertaking an exploration program or offering it out to option.
In addition Copper Reef will receive a grant of $175, 107 for expenditures on its Gold Rock-North Star Property as part of Manitoba's Mineral incentive program. This represents 40% of expenditures on exploration will be returned to the Company for this project.
ABOUT COPPER REEF MINING CORPORATION
Copper Reef is a Canadian junior mineral exploration company with a specific focus on mineral properties in northwest Manitoba and northeast Saskatchewan, Canada. All of the Issuer's properties are currently at the exploration stage. The Issuer has no long-term debt and has assembled a portfolio of base metal and precious metal prospects, including strategic locations in the Provinces of Manitoba and Saskatchewan. The Company is now also looking at diversification.
Copper Reef Mining Corporation
Stephen L. Masson M.Sc. P.Geo.
President & CEO
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
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