Copper Reef Reports Very High Grade Silver and Gold North of the Alberts Deposit
September 24, 2018
Copper Reef Mining Corporation (CSE: CZC) (the "Company") is pleased to announce additional results from this summer prospecting and mapping at the Alberts Gold Property. The samples were taken between 300 and 400 m north of the north-north-east trending Alberts Gold Deposit. Silver assays for the high-grade gold samples from the same vein reported in the August 28, 2018, press release, returned 21 samples with grades ranging from 8.0 g/t silver to 429.7 g/t silver with 10 of those samples assaying above 33 g/t silver and 2 of those samples above 102 g/t silver.An additional sample taken south of a small pond between the Alberts Lake Gold Shear Zone and the high-grade gold and silver zone 300 to 400 metres north of the north-northeast-trending Alberts gold deposit returned an assay of 16.51 g/t gold and 36.7 g/t silver. Another sample taken from a separate quartz vein on the very last line of the newly cut grid on the southwestern shore of Alberts Lake returned an assay of 17.04 g/t gold and 44.1 g/t silver.
The northern and western portion of the new grid has been mapped covering both the projected northern extensions of the Albert's Lake Gold deposit and Z4 VTEM Geophysical Electromagnetic Conductor to the northwest.
Detailed mapping and prospecting of the main Albert's Lake gold shear zone is underway. Several trenches with mineralized quartz veins flanking the Albert's Lake gold shear zone have been sampled and 15 samples have been sent in for analysis.
Detailed mapping will continue over the Alberts Lake deposit area and its potential southern extension. Geophysical surveys, including magnetic and VLF will cover the northern grid in September, with a large loop Transient Electromagnetic Survey (TEM) planned over the Z4 target area after freeze up.
In other news, Foran Mining Corp. reported Sept 11 that it has intersected in drill hole MB-18-209, 9.4% zinc over 6.1 metres on the company's flagship McIlvenna Bay zinc-copper deposit in Saskatchewan. Copper Reef holds a 75-cent-per-tonne royalty on this deposit and a 2-per-cent net-smelter-return royalty on other properties and deposits held by Foran in Saskatchewan.
Stephen Masson P.Geo. M.Sc., the qualified person, personally took the samples and supervised custody and shipment of the samples to TSL Laboratories in Saskatoon.
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 assembled a portfolio of base metal and precious metal prospects, including strategic locations in the Provinces of Manitoba and Saskatchewan.
Copper Reef Mining Corporation
Stephen L. Masson M.Sc. P.Geo.
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.