Coppernico Advances Exploration with Expanded Drill Permit Submission
VANCOUVER, British Columbia — Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF, FSE: 9I3), through its Peruvian subsidiary, Sombrero Minerales SAC, is delighted to announce the submission of an Environmental Impact Assessment – Semi-detailed ("EIA-Sd") drill permit application for its Sombrero Project in Peru. With this application, the company aims to broaden its exploration efforts across multiple copper-gold targets, including the well-known Ccascabamba target area.
Expanded Drill Area and Targeted Opportunities
The application outlines a significant expansion of the permitted drill area by approximately 2,120 hectares, bringing the total area to around 3,024 hectares. This expansion incorporates additional highly prospective targets. The proposal seeks to increase the number of drill platforms from 38 to a remarkable 181, while allowing for the deployment of more drilling rigs. The targets included in this application are Fierrazo, Corrales, Tipicancha, Chumpi, and Escondida South, each of which is supported by strong geophysical and geochemical indicators, alongside historic drill data, particularly from Fierrazo.
CEO's Insights on the Expansion
Ivan Bebek, Chair and CEO of Coppernico, commented on this milestone: “This expanded permit application marks a significant advancement for our Sombrero Project. It will provide us access to additional important targets and the ability to create more drill pads as we prepare for Phase 2 drilling.”
He further noted the importance of the application, stating that the previous drill results had successfully directed further exploration beyond the current permit boundaries. The new permit offers access to critically important areas of the project, especially the Fierrazo target, where past drilling has uncovered substantial copper mineralization in three dimensions, in addition to the newly identified Tipicancha target.
Community Engagement and Environmental Commitment
Obtaining this expanded permit is not just about enhancing access to high-value targets; it also stands to provide local communities with increased employment opportunities. The company recognizes the benefits of its operations not only in terms of exploration but also in its potential impact on local economies and livelihoods.
Coppernico remains well-financed, ensuring operations can continue through the mid-year, with several key milestones anticipated in the upcoming months. These include outcomes from ongoing surface exploration, further permit advancements, and solidifying community access agreements, reflecting the company’s commitment to responsible exploration and collaboration with local stakeholders.
Next Steps in the Exploration Journey
The submission of this application follows an extensive series of baseline environmental and social studies, highlighting the company’s pledge to conduct operations considerately and sustainably. The technical information formulated in this announcement has been verified by Tim Kingsley, M.Sc., CPG, the company’s VP of Exploration, who serves as a qualified person under NI 43-101 standards.
About Coppernico
Coppernico is a mineral exploration company dedicated to shareholder and stakeholder value creation through meticulous project assessment and exploration endeavors. The goal is to discover premier copper-gold deposits across the Americas. With a management team experienced in capital raising, discovery, and monetizing exploration success, Coppernico seeks to position itself as a leading copper and gold explorer. The Sombrero Project, Coppernico’s flagship endeavor, spans approximately 56,400 hectares within Peru's Andahuaylas-Yauri trend, encompassing several high-potential exploration targets characterized by copper-gold skarn and porphyry systems, alongside precious metal epithermal systems.
For further insights or inquiries about Coppernico Metals Inc., please contact:
Coppernico Metals Inc.
Phone: +1 778 729 0600
Email: info@coppernicometals.com
Website: www.coppernicometals.com
Frequently Asked Questions
1. What is the significance of the expanded drill permit for Coppernico?
The expanded drill permit will allow Coppernico to explore new high-priority targets in its Sombrero Project, increasing the number of drilling platforms significantly.
2. How will local communities benefit from this development?
The expansion provides opportunities for local employment, contributing positively to community economies and livelihoods through the company's operations.
3. What are the primary targets identified in the permit application?
The primary targets include Fierrazo, Corrales, Tipicancha, Chumpi, and Escondida South, each with strong geological indications.
4. Who oversees the technical aspects of this drilling project?
The scientific and technical information is reviewed and approved by Tim Kingsley, M.Sc., CPG, the VP of Exploration at Coppernico, ensuring compliance with NI 43-101 standards.
5. How does Coppernico ensure environmentally responsible exploration?
Coppernico conducts extensive baseline environmental and social studies and maintains ongoing engagement with local communities to reinforce its commitment to sustainable practices.
