3D Induced Polarization Survey At The SK Property

VANCOUVER - Allied Copper Corp. has completed the 3D ground Induced Polarization (3D-IP) and Resistivity survey on the SK Property, located in Eastern Nevada. A large chargeability anomaly has been discovered in the SK area in the northern part of the property. The anomaly measures at its longest approx. 1.1 kilometers, at its widest approx. 850 meters and from surface down to a maximum survey depth penetration of approx. 500 meters. Dias Geophysical undertook the survey on behalf of the Company.

Warner Uhl, Chairman, said, “With the confirmation of a large chargeability anomaly in the SK area of the property, we are delighted about the incremental de-risking for a potential for discovery during our 2022 drilling program. Now that we have three properties in exploration, we are examining the most effective and economical approach to the drilling campaign. All three properties have a high potential for discovery and we are in a unique position of not having all of our eggs in one basket. We have an experienced exploration team and will quickly mobilize additional funding and resources to take advantage of any positive drill results at any one of our three locations. We look forward to updating our shareholders with progress as we move through exploration milestones over the coming months, a period that promises to be transformative for our company.”

The groundwork included a rolling 3D IP-Resistivity survey using the DIAS32 system in the northern SK target area, and a distributed 2D survey array in the South Target area. The 3D coverage involved 400m X 200m electrode grid spacing, while the 2D array had 100m electrode spacing along three lines. Eight lines with an aggregate length of 15 kms were covered at SK and another three lines with a total length of 6 kms were completed in the South Target area.

The 3D work at SK has assisted in developing a robust 3D inversion model with a near surface resolution of 50m X 50m. The survey coverage area is about 6.8 sq. km and was designed to capture an image down to a depth of 500m - 600m. The 2D layout in the South served as an initial geophysical probing, the results of which will assist the Company in determining what further work may be needed.

The survey aimed to define geophysical signatures consistent with a potential porphyry system and/or associated polymetallic skarn and carbonate replacement mineralization. Historical drillholes, SK-1 and SK-2, completed by Anaconda in 1981 were drilled along the margins anomaly but appeared to fall short of intersecting the main chargeability high. Both holes intersected highly anomalous copper, silver and base metals from between 44.5 m to 575 m below surface.