Fabled Copper Corp. Provides Information on 2018 Field Program and Results of AGM
January 11, 2019
Vancouver, British Columbia. Fabled Copper Corp. (“FCO.V”) (“Fabled” or the “Company”) is pleased to provide a summary of a short 2018 field program carried out on the Muskwa Copper District, and announce that all proposed resolutions were approved at the Company’s Annual General Meeting of Shareholders held on December 19, 2018 (the “AGM”).
2018 Field Program
Fabled completed a short program over the total area of the Muskwa Copper District, an area 55 km long and 35 km wide. This area contains the historic Churchill Copper Mine, the Magnum Mine and the Davis Keayes Mine, all of which were worked from 1968 to 1974, when they were closed down due to provincial political decisions. The purpose of the program was to determine the timing of mafic dyke emplacements compared to quartz veining and copper mineralization. An attempt was made to check on differences between mineralization from south to north. Although the Magnum Copper Mine and the Davis Keays Mine are not part of the Fabled property package, samples were taken from both properties in order to reflect a more complete picture of the mineralized area. Rock samples, taken from the Toro Property (Churchill Mine), Magnum Copper Mine, Davis Keays Mine and the Neil Deposits were prepared into polished thin sections and examined petrographically. Whole rock analysis was performed on splits of the same samples so that whole rock information could guide the petrographic analysis.
The area underwent a long period of compression during the mountain building sequence. A period of extension followed causing a large swarm of north to northwest trending fractures in the Proterozoic carbonates. The petrographic analysis suggests the following sequence of events. Diabase dykes came up along most of these vertical fractures. Quartz veins and quartz breccias followed the dykes in a few of these fractures. Copper mineralization in the form of chalcopyrite and chalcocite was the last event to occur mineralizing the veins and breccias. An interesting item of note is the large magnetic anomalies at depth suggesting mafic plutons lie below the mineralized areas and were possibly the source of the copper mineralization. Petrological and analytical results suggest this was an extensive hydrothermal system with significant potassium alteration of the dykes and the mineralized sediments. The system was relatively cool as there is no sign of thermal alteration of the carbonates such as skarns and mantos.
Fabled will use the information derived from this short field program to inform its 2019 program.
- Fabled held its 2018 AGM on December 19, 2018. All resolutions proposed by management of the Company were passed.
- The number of directors was set at four (4) and shareholders approved the re-election of David W. Smalley, Michael B. Harrison, Peter J. Hawley and Luc Pelchat as directors.
- Davidson & Company, Chartered Accountants, were re-appointed as auditors of the Company for the ensuing year and the directors have been authorized to fix their remuneration.
- Also reapproved was the Company’s stock option plan. The Company’s stock option plan will remain a 10% “rolling” plan.
Management and the Board would like to thank Fabled’s shareholders for their continued support.
Fabled is a publicly listed (TSX-V:FCO) mineral exploration company whose primary business interest is in the Muskwa copper property located in Northern British Columbia. Further information about the Muskwa Property can be found in the 43-101 Technical Report on the Muskwa Project filed under the Company’s profile on SEDAR at www.sedar.com
For further information please contact:
Eugene A. Hodgson, President
Fabled Copper Corp.
Phone: (604) 805-6600
The technical information contained in this news release has been approved by John Kowalchuk, P.Geo., Vice President Exploration of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this news release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law