Eranova confirms copper-gold system at Ruby Creek

Executive Summary

• Eranova Metals confirms the presence of a classic copper-gold porphyry system at the Ruffner target on its Ruby Creek project in British Columbia, based on detailed petrographic and whole-rock geochemical analysis.
• The geological findings support previous high-grade surface sampling results and indicate a fertile system with scale potential, driven by multiphase intrusive and hydrothermal activity.
• The company is advancing toward drill testing to evaluate the target's potential, with planned activities including geological mapping, geophysical surveys, and drill targeting.

Key Details

• Geological Confirmation: Petrographic analysis confirms classic porphyry alteration assemblages, including phyllic (sericite), propylitic (chlorite-epidote), and argillic alteration.
• Mineralization: Disseminated chalcopyrite and pyrite mineralization is observed within altered intrusive host rocks. Supergene modification is evident via malachite mineralization and hematite-limonite staining.
• Host Rock Composition: Whole-rock geochemistry classifies the host intrusion as diorite to granodiorite (intermediate intrusive compositions, monzodiorite to granodiorite).
• Magmatic History: Evidence of multiphase intrusive and hydrothermal activity, including crosscutting quartz-phyric granitoid phases, indicates multiple pulses of magmatism and fluid flow.
• Surface Values: Surface mineralization includes copper values up to 8% Cu and gold values up to 5.6 g/t Au.
• Context: The Ruffner target is located approximately 3.6 kilometers from the Adanac molybdenum deposit.
• Next Steps: Planned activities include detailed geological mapping, structural interpretation, additional geophysical surveys to define subsurface extent, and advancement of drill targeting (subject to permitting and financing).

Notable Quotes

• "These results support that the Ruffner target hosts a classic porphyry copper-gold system and provide important geological context for the high-grade surface values we reported previously... The alteration assemblages, sulphide mineralization and host rock chemistry all point to a fertile system with scale potential, and we are now advancing toward drill testing to evaluate that potential." — Meredith Eades, President and CEO