Introduction to the Name Change
VANCOUVER, British Columbia — Turmalina Metals Corp., now rebranded as King Copper Discovery Corp., is excited to announce its strategic name change effective soon. With this transition, the company's stock symbol will change from TBX to KCP on the TSXV. This marks a new chapter in the company's commitment to its primary focus: the Colquemayo copper-gold-silver project in Southern Peru.
Details of the Corporate Transition
The upcoming change will be more than just a name; it includes an updated CUSIP number for the common shares, which will be 494726102, and a new ISIN number of CA4947261026. Importantly, the share capital will remain the same, ensuring stability for existing stakeholders during this transition.
Focus on Colquemayo Project
King Copper Discovery Corp.'s flagship project is the Colquemayo operation, which spans 6,600 hectares and is known for its high-grade mineralization. The project is structured around a high-sulphidation epithermal system located in the Andes. Notably, the Colquemayo project is road-accessible and provides the company with significant opportunities to enhance its mineral exploration efforts.
Recent exploration efforts have yielded promising historic drill results. For instance, one noteworthy intersection showcased:
- 237.3 m @ 2.4 % Cu, 0.08 g/t Au & 10 g/t Ag, with additional notable sections including:
- 161.2 m @ 3.4% Cu, 0.09 g/t Au & 14 g/t Ag, and
- 31.3 m @ 14.8% Cu, 0.2 g/t Au & 47 g/t Ag.
As stated by Chico Azevedo, the Vice President and Director, the historic drilling results underline the high-grade potential of the mineralized system at Colquemayo. The previously recorded intersections deliver a promising foundation for new exploratory studies aimed at extending these high-grade zones.
Exploration Plans and Community Engagement
The company is gearing up for new drilling programs based on an explorative model developed from extensive analysis of approximately 20,000 metres of historic core. Integrating assay data with detailed geological mapping will help refine exploration strategies.
Community engagement has been a priority for King Copper Discovery Corp. The company has established relationships with local communities, such as Palcamayo and Amata, who hold most of the surface rights within the project area. Building trust and transparency with these communities is crucial for the successful evolution of the project.
Environmental Initiatives
To further its environmental commitment, King Copper Discovery has partnered with INSIDEO, an environmental consulting firm, to conduct environmental baseline studies and prepare comprehensive impact assessments. This proactive approach is necessary for obtaining drill permits and ensuring that all ecological regulations are followed diligently.
About the Company
Formerly known as Turmalina Metals Corp., King Copper Discovery Corp. remains dedicated to its mission as a TSXV-listed exploration company. The team is driven by a commitment to uncovering new opportunities for gold, copper, and silver across South America. Addressing past discoveries and leveraging them into future exploration will be a priority.
Any inquiries from investors can still be directed to the same contact number, +1 833 923 3334, or through email, info@turmalinametals.com.
Frequently Asked Questions
What is the new name of Turmalina Metals Corp.?
The new name is King Copper Discovery Corp.
When will the name change become effective?
The name change is effective on March 11, 2025.
What is the key focus of King Copper Discovery Corp.?
The company's primary focus is the Colquemayo copper-gold-silver project located in Peru.
What are the details of the previously reported drill results?
Historic drill results include an intersection of 237.3 m at 2.4% copper, among other significant findings.
Who can be contacted for investor relations?
Investors can reach out to the company at +1 833 923 3334 or via email at info@turmalinametals.com.
