Sherpa II begins diamond drilling at EC target on Bakar

Executive Summary

• Sherpa II Holdings Corp. has commenced a diamond drill program at the EC target on its Bakar property in Northern Vancouver Island, B.C.
• The program involves approximately 800 metres of drilling in two holes to test coincident geophysical and geological anomalies indicative of potential copper porphyry mineralization.
• Previous exploration identified significant geophysical anomalies (VTEM and ZTEM), structural controls, and rock chip samples returning up to 4.13% Cu, marking a new discovery at the property.

Key Details

• Drilling Program: Approximately 800 metres of diamond drilling planned in two holes.
• Target: EC target on the Bakar property, Northern Vancouver Island, B.C.
• Geological Context: The target exhibits geological characteristics and geophysical/geochemical signatures consistent with potential copper porphyry mineralization.
• VTEM Anomaly: A large versatile time domain electromagnetic conductive anomaly covers 1.5 km by 0.5 km, starting at a shallow depth of 50 metres with depth extents below 500 metres.
• ZTEM Anomaly: A coincident Z-axis tipper electromagnetic conductive/contrast anomaly covers 4.5 km by 0.8 km, starting at a depth of 100 metres with depth extents below 800 metres.
• Structural Setting: The target is located within a corridor of low magnetic response, correlating with the convergence of the crustal-scale William Lake and Holberg faults, an ideal setting for porphyry copper systems.
• Alteration and Host Rock: Bedrock basalt exposure at the margin of the anomalies shows strong chlorite alteration, disseminated pyrite, and stockwork-style limonite/pyrite veining. Basalt is considered a favorable reactive host rock.
• Historical Sampling (2021/2022): Two rock chip samples from outcrop at the edge of the covered coincident VTEM and ZTEM anomalies returned:
  • 0.49 per cent copper (Cu)
  • 4.13 per cent Cu
• Sample Characteristics: Samples feature intense chlorite-epidote alteration and sheeted quartz-epidote veins with pyrite, chalcopyrite, and bornite.
• Significance: This represents a previously unknown mineral occurrence and a new discovery at Bakar.
• Technical Person: Garrett Ainsworth, PGeo, adviser to the company, is the qualified person under National Instrument 43-101.
• Laboratory Analysis: Samples were analyzed by Bureau Veritas Mineral Laboratories using four-acid digestion ICP-MS for 45 elements. No QA/QC issues were noted.

Notable Quotes

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