CopperBank has an option to obtain 100% of the Pyramid Copper Project, and San Diego Bay Prospect located on Aleut Corporation lands on the Alaska Peninsula. Often considered a top-tier mining jurisdiction, due to well established mining laws, Alaska has some of the largest known copper and gold deposits in the world.
How Did CopperBank Obtain Pyramid?
The Aleutian Islands and the Alaska Peninsula represent an island arc formed by the Pacific Ocean plate diving under the North American plate.This region represents a classic island-arc volcanic setting that has received limited modern exploration which is prospective for both epithermal gold, and porphyry copper-gold mineralizing systems. Epithermal and porphyry-type deposits are found near oceanic plate subduction zones. The Aleutian Islands is the only island arc environment in the Pacific “Ring of Fire” without a major mine in production (due to lack of exploration). A number of historic deposits and mines in the area prove the existence of epithermal and porphyry-style mineralization. These deposits provide a geological template for new discoveries as well as the potential for expansion. CopperBank’s option is for one of the most geologically prospective areas in the State of Alaska and covers an area of 26km X 13kms (view CopperBank’s detailed claim map.)
Alaska Peninsula Geological Prospects