Gold Potential To Copper Porphyries At Hit Property
WEST KELOWNA, BC - Colorado Resources, Ltd. reported the results of its fall exploration program recently completed at its 100% owned Hit Property located in southeastern British Columbia. The Hit Property covers over 23,339 hectares and is located approximately 45 km north of the Copper Mountain Mine in Princeton, B.C and between the Axe Property under option to Copper Mountain Mining Corporation and Kaizen Discovery Inc.'s Aspen Grove Project.
The fall 2015 exploration program at Hit involved the completion of approximately 15 line kilometers of Induced Polarization Geophysical Surveys, the compilation of hundreds of kilometers of historical geophysical surveys and previous results and further field examinations and rock sampling by Colorado.
Adam Travis, President and CEO of Colorado states, "We are finding significant gold values and new I.P anomalies associated with the copper porphyries on our Hit Property in a geological setting similar to Copper Mountain Mine at Princeton or the New Afton Mine at Kamloops. We have assembled a large land package over a geologically significant belt of rocks in an area of ever expanding forestry road networks and good infrastructure. Great access and good geology will allow for very cost effective future exploration programs to test these new targets.