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Press Release - Copper Mountain Mining Corporation (CUM)

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“The vision of Copper Mountain is to develop into major copper producer with precious metal credits by 2010. We are going to do that by developing an open pit operation that will produce plus a hundred million pounds of copper per year in British Columbia. In addition, we are also going to investigate the potential of identifying a deep major copper-gold porphyry deposit at depth that could provide for an even larger project down the road.” - Rodney A. (Rod) Shier, CA (CUM) (Interview published October 26, 2007)

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DRILLING CONTINUES TO ENCOUNTER STRONG MINERALIZATION NORTH OF PIT 1:

INTERSECTS

215 FT. GRADING 0.85% Cu, 0.45 g/t Au, and 4.93 g/t Ag

 

Vancouver, B.C., February 7, 2008 [UTF-8?]– Copper Mountain Mining Corporation [UTF-8?](“CMMC” or the [UTF-8?]“Company) announces assay results from the last 32 drill holes of the 2007 exploration program at the 100% owned Copper Mountain project.  Six drill-holes were completed immediately north of Pit 1, fifteen drill-holes to the northeast and northwest of Pit 2, five drill-holes in the Saddle Zone between Pit 1 and Pit 3, and seven drill-holes in the northeast wall of Pit 3. 

 

The drill holes were completed during December, 2007, and were primarily drilled to convert areas of inferred resources within the preliminary designed [UTF-8?]“Super-Pit” to the measured and indicated categories in advance of the Feasibility Study, which is currently underway and expected to be completed early in 2008.  Additionally, where drill-holes encountered significant mineralization near the edge of the design pit, more holes were drilled resulting in extensions beyond the pit boundary (see attached map).

 

Key results from the five areas of drilling are:

         Drill-holes CM07P2-78-81, 83, and 85-90 were drilled to the north-east of Pit 2, in the entrance ramp area and intersected numerous, narrow to moderate length, intersections which will likely result in an extension and deepening of the design pit in this area.  Of significance, CM07P2-89 intersected 67 feet grading 0.98% Cu, 0.34g/t Au and 4.34g/t Ag, starting at [UTF-8?]23’.  

         Drill-holes CM07P2-77 and 82 were collared [UTF-8?]300’ west of the north-western edge of Pit2 and intersected relatively continuous mineralization including 360 feet of 0.29% Cu, 0.13g/t Au and 0.9g/t Ag starting at [UTF-8?]47’; which provides low-strip material for additional pit expansion. 

         Drill-holes P1-02 to 06, were collared between 200 and 800 feet north of Pit 1 in an area of sparse drilling and inferred resources.  All of these holes contained significant intersections, many of which are above average in grade.  In particular, CM07P1-04 intersected 60 feet grading 1.03% Cu, 0.18g/t Au and 3.23g/t Ag from 275 to [UTF-8?]335’; and the bottom of CM07P1-06 intersected 215 feet grading 0.85% Cu, 0.45g/t Au and 4.93g/t Ag. 

         Drill-holes QA5 to QA9, are short holes within the saddle zone located between Pits 1 and 3, and did not intersect any significant near-surface mineralization. 

         Seven holes were drilled in the northeast wall of Pit 3 in order to upgrade the classification of an area of inferred blocks within the resource estimate.  Results were mixed, but CM07P3-05 returned an intersection of 90 feet grading 0.75% Cu, 0.10g/t Au and 1.98g/t Ag.

 

A total of 44,000m (144,000 feet) of drilling was completed in 163 drill holes in 2007.  Completion rate for drill holes was 94%.   The 2007 drill program had three primary objectives: 1) to provide enough data to upgrade inferred resources to the indicated and measured categories; 2) to validate and confirm the historical data; and 3) to provide additional drill information peripheral to, and between, the existing open pits; and at depth in order to delineate additional resources. The interim resource estimate (Sept. 06, 2007) demonstrated that the program had been highly successful in achieving all of the objectives to that point and it is anticipated that the additional drilling since then will be equally successful.  All of 2007 drill results will be added to the historical database for an updated, independent 43-101 compliant resource estimate which is anticipated early in 2008. 

 

Most of the more significant intersections from drill-holes announced in this press release are listed in the table below and shown on the attached map.   A complete list of the significant intersections from all of the 2007 drilling can be found on the [UTF-8?]company’s website.  It should be noted that there are numerous narrow or low-grade zones within the drill holes that are not reported but that still contribute to the resource estimate.

 

The mineralized system at Copper Mountain is classified as a bulk-tonnage, alkalic porphyry copper-gold deposit that is hosted within Nicola Group volcanic rocks.  Mineralization is structurally controlled and focused at multi-directional vein intersections and within vein stockwork systems.  Drill holes are usually drilled at angles of -45 or -55 degrees to provide the best indication of the lateral extents of vertically oriented mineralization.  

 

The Copper Mountain project is situated 300 km east of Vancouver, British Columbia.  The Copper Mountain project is a former producer of 1.7 billion pounds of copper and has extensive infrastructure in place, including power and water.  The site can be accessed year round as a paved highway goes right to site. 

 

Quality Assurance

 

The company employs a system of quality control for drill results which includes the use of blanks, certified reference material (standards) and check assaying.  Core is logged on site and split with a diamond saw.   Samples are shipped to Pioneer Laboratories for geochemical analysis of copper with all values of greater than 1000 ppm copper being re-analysed by assay methods for copper, gold and silver.  The drilling program is being supervised by Peter Holbek, M.Sc., P.Geo., a qualified person as defined by National Policy Instrument 43-101.

   

About Copper Mountain Mining Corp.:

 

CMMC is a new public BC resource company managed by an experienced team of professionals with a solid track record of exploration and development success.  The Company owns 100% of Copper Mountain Project which holds the mineral claims and crown grants over the 18,000 acre mine site.  Copper Mountain Mining Corp. has the goal of developing the Copper Mountain Project as a major copper and precious metal producer within the next three years.  Additional information is available on the [UTF-8?]Company’s web page at www.CuMtn.com

 

On behalf of the Board of

COPPER MOUNTAIN MINING CORPORATION

“Peter [UTF-8?]Holbek”

 

Peter Holbek

VP Exploration

 

For further information, please contact:
Don Graham Director Investor Relations 604 682 2992 ext. 224
Email: don@CuMtn.com
Website: www.CuMtn.com
or B&D Capital 604-685-6465

 

Note:  This release contains forward-looking statements that involve risks and uncertainties.  These statements may differ materially from actual future events or results.  Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  The Company undertakes no obligation to review or confirm [UTF-8?]analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statement

 

 

COPPER MOUNTAIN MINING CORPORATION

NEWS RELEASE DATED FEB 6th, 2008 [UTF-8?]– DRILLING ENCOUNTERS STRONG MINERALIZATION TO NORTH OF PIT 1:INTERSECTS215 FT. GRADING 0.85% Cu, 0.45 g/t Au, and 4.93 g/t Ag

 

Hole ID

Location

Length

Azi

Dip

From

To

Interval

Cu %

Cu EQ*

Ag g/T

Au g/T

(ft)

(ft)

(ft)

(ft)

CM07P2-76

SE Corner Pit 2

1007 

 39

-45 

110

582

472

0.15

0.18

0.6

0.07

CM07P2-77

NE of Pit 2

 947

 39

-50 

27

515

488

0.22

0.25

0.69

0.09

CM07P2-78

Pit 2 East

 1207

 129

-45 

220

275

55

0.21

0.24

1.15

0.07

 

 

 

 

 

447

475

28

0.42

0.44

2.55

0.03

CM07P2-80

Pit 2 East

1055

129

-45

417

437

20

0.25

0.28

0.83

0.09

 

 

 

 

 

771

878

107

0.18

0.2

0.9

0.04

CM07P2-82

NW of Pit 2

717

39

-55

47

407

360

0.29

0.34

0.9

0.13

incl.

 

 

 

 

47

267

220

0.37

0.43

1.05

0.16

CM07P2-83

Pit 2 East Wall

807

129

-45

158

193

35

0.39

0.45

2.16

0.14

 

 

 

 

 

484

519

35

0.48

0.54

2.71

0.14

 

 

 

 

 

569

629

60

0.39

0.45

2.61

0.14

CM07P2-85

NE end of Pit 2

 627

 309

-54 

47

89

42

0.4

0.44

1.81

0.1

 

 

 

 

 

190

258

68

0.47

0.52

1.35

0.13

CM07P2-86

NE end of Pit 2

 817

 309

-70 

354

454

100

0.29

0.33

0.99

0.11

CM07P2-87

NE end of Pit 2

 981

129

-45 

17

105

88

0.44

0.49

0.91

0.13

CM07P2-88

NE end of Pit 2

 887

309 

-52 

90

179

89

0.32

0.36

0.64

0.12

 

 

 

 

 

261

321

60

0.24

0.27

0.88

0.07

CM07P2-89

NE end of Pit 2

 617

309 

-45 

23

90

67

0.98

1.12

4.34

0.34

 

 

 

 

 

147

237

84

0.38

0.43

1.7

0.13

CM07P2-90

NE end of Pit 2

 1012

 129

-45 

27

264

225

0.24

0.28

0.86

0.11

 

 

 

 

 

855

1012

157

0.33

0.36

0.99

0.08

CM07P1-01

Pit 1 South Wall

797

308

-58

580

620

40

0.31

0.35

1.08

0.09

CM07P1-02

Pit 1 North Wall

1004

219

-57

105

145

40

0.55

0.58

1.2

0.07

 

 

 

 

 

185

220

35

0.99

1.05

2.6

0.14

 

 

 

 

 

610

725

115

0.86

0.96

2.84

0.25

incl.

 

 

 

 

65

260

195

0.36

0.38

0.97

0.05

CM07P1-03

Pit 1 North Wall

600

219

-56

506.5

521.6

15.1

0.64

0.69

1.81

0.13

CM07P1-04

North of Pit 1

 1053

 219

-45 

275

335

60

1.03

1.11

3.23

0.18

CM07P1-05

North Wall Pit 1

 997

 219

-55 

44

128

84

0.67

0.74

1.75

0.19

CM07P1-06

North Wall Pit 1

 1105

 219

-57 

30

125

125

0.41

0.44

1.02

0.08

 

 

 

 

 

590

640

50

0.56

0.59

1.65

0.07

 

 

 

 

 

890

1105

215

0.85

1.03

4.93

0.45

CM07QA-6

Queen Anne Zone

353

219

-45

180

288

108

0.2

0.22

1.06

0.04

CM07P3-01

Pit 3 NE Wall

1247

219

-45

810

862

52

0.51

0.55

1.74

0.09

CM07P3-02

Pit 3 NE Wall

1257

219

-45

865

900

35

0.26

0.27

1.13

0.02

 

 

 

 

 

1214

1254

40

0.93

0.99

2.74

0.14

CM07P3-03

Pit 3 NE Wall

1040

219

-58

410

465

55

0.32

0.34

1.07

0.05

 

 

 

 

 

525

545

20

0.55

0.69

1.95

0.38

CM07P3-04

Pit 3 NE Wall

1040

219

-57

77

124

47

0.27

0.31

1.28

0.09

 

 

 

 

 

482

571

89

0.27

0.29

0.76

0.04

CM07P3-05

Pit 3 NE Wall

1477

219

-57

275

365

90

0.75

0.79

1.98

0.1

 

 

 

 

 

644

679

35

0.43

0.45

0.9

0.03

CM07P3-06

Pit 3 NE Wall

1228

219

-72

348

473

125

0.29

0.31

0.73

0.04

 

 

 

 

 

607

642

35

0.63

0.75

3.67

0.31

CM07P3-07

Pit 3 NE Wall

1167 

219 

-57 

60

100

40

0.61

0.72

2.67

0.3

 

 

 

 

 

937

1007

70

0.53

0.58

1.54

0.12

 

*Based on metal prices of: Copper US $3.00/lb, Gold at US $675/Oz, and Silver at US $12/Oz with metallurgical recoveries and smelter terms being considered equivalent for all metals. CM07P2-84 lost in overburden. CM07P2-79,81 and CM07QA-5,7-9: no significant intersections.





    

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