XCana Petroleum Corp. Announces Further Expansion onto the Table Mountain Critical Mineral Project to Cover The Treasure Box Hill Copper Prospect
- Expansion increases company's overall mineral resource estimate in the future.
- Copper is an essential component in modern renewable energy systems experiencing rapid expansion.
- None.
CHICAGO, IL / ACCESSWIRE / September 11, 2023 / XCana Petroleum Corp. (OTC PINK:XCPT) is pleased to announce the completion of a 248-acre expansion to acquire full ownership rights to the historically documented Treasure Box Hill Copper Prospect. The Treasure Box Hill Copper Deposit is located directly above the western portion of our claim block, above our Nevada Nickel #100-102 lode claims, and furthers our mission of rapid consolidation of this mining district.
As described in the U.S. BUREAU OF MINES IC 7093, 1940, P. 47. A number of copper prospects occur on Treasure Box Hill at the head of Bell Mare Canyon south of Cottonwood Canyon. Deposits are reached on horseback up Cottonwood Canyon past the nickel properties. From Boyer ranch the distance is about 15 miles. The principal properties were located in the early eighteen sixties by Alva Boyer, C. S. Kellose, Jacob Strananger, and Patrick Reid. In the early days several wagon trains of rich, hand--sorted copper ore were mined from surface workings and taken to Sacramento for transportation to Swansea, Wales. In about 1900, a group from Colorado erected a small smelting furnace on the Azurite- Nevada, Queen group of claims, which is still intact, but, judging from the condition of the smelter,no ore was reduced. About 1910 the Boyer Copper Mines Co. acquired control of 49 claims and did some development work and diamond drilling, but there was no production. In recent years claims have been idle. The main work on Treasure Box Hill was done in a bed of copper-bearing andesite about 100 feet thick. The contact dips about 20° WW. The ore is chiefly chalcopyrite disseminated through the green andesite and, according to Carpenter, the lower 30 feet of the bed averages nearly 5 percent copper and
Regarding continued expansion, Mac J. Shahsavar, P. Eng., Chairman of Xcana Corp., stated "that the ongoing consolidation of the Table Mountain District in Nevada entails obtaining the rights to additional copper prospects that have been well documented throughout history. Copper is an essential component in a wide range of modern renewable energy systems that are experiencing rapid expansion. Wind turbines, electricity networks, electric vehicles, solar panels, and other technologies are included. As a result, we see considerable potential and relevance in securing any valuable assets that will add to the company's overall mineral resource estimate in the future."
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About Xcana Petroleum Corp.
XCana Petroleum Corp. is a critical minerals exploration company focused on developing its flagship project, the "Table Mountain Critical Mineral Project", located in the northern Stillwater Range, northeastern Churchill County, Nevada. Xcana Corp. holds
FORWARD-LOOKING STATEMENTS:
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SOURCE: XCANA PETROLEUM CORP
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