Fabled Copper Corp.'s (FABL:CSE) share price jumped up after trading resumed on March 23, and the junior mining explorer released another batch of 2021 surface fieldwork results from its Muskwa copper project, as noted in a news release.
These new data concern the part of Muskwa containing the Magnum mine copper deposit, where the mineralization is a mix of chalcopyrite, quartz, ankerite, and pyrite.
New sampling result highlights include 27.2% copper (Cu) at a 1,571 meter (1,571m) elevation (rubble sample); 25.1% Cu (grab sample) and 17.75% Cu (chip sample), both at a 1,903m elevation; and 14.4% Cu at a 1,802m elevation (rubble sample).
Fabled also released fieldwork images of the vein in the news release, including a drone video (see below), that showed the deposits in stark detail.
"I don't think people realized what the underlying assets are with Fabled Copper," Fabled Copper President, Chief Executive Officer, and Director Peter Hawley told Streetwise Reports. "Now they're starting to be able to visualize them. There's copper all over the place. It truly is impressive, and I think people are starting to realize it."
The high-grade (25.1%) Cu grab sample from the Magnum vein also returned 11.9 parts per million of silver, and contained 95% massive chalcopyrite.
Using the 2021 Magnum results to date, Fabled Copper's field crew will continue sampling and mapping the deposit. Also, the team will investigate the silica anomalies on the southeast side of the hillside.
Management decided that Magnum will be a priority target for drilling once Fabled Copper receives the necessary drill permits, which Hawley said they could receive soon.
The surface data is "setting the stage for this year" and the drilling program, he said. More fieldwork and drone surveys are also expected. The hope is to create a three-dimensional map of the Magnum vein, he said.
The work the junior mining explorer carried out in 2021 at the Magnum deposit included collecting samples (rubble, chip, grab, and float) from various areas as a first pass evaluation. Those included the exposed Magnum vein over a 332m vertical elevation, three spots along the northwest facing slope and two exposures located 500–530m along strike to the southwest, between the two 5,900-foot level adits.
Also, the field crew inspected the main haulage 5,200-foot level adit and the other remaining adits into the Magnum vein. Further, they found the blocked entrances of six adits plus one opening, possibly a cave adit.
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