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Kobrea Receives Exploration Permits for Upland Copper Project

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Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) has received exploration permits for its Upland Copper Project in south-central British Columbia. The project, spanning 5,300 hectares, is located 20 km northeast of Barriere and 20 km south of Taseko Mines 's Yellowhead Project. The British Columbia Ministry of Energy, Mines and Low Carbon Innovation has approved Kobrea's exploration plan, allowing for diamond drilling, trenching, and construction of excavated trails.

Crews are currently conducting additional passive seismic surveys on the project site to prepare for upcoming trenching activities. The Upland Copper Project hosts a copper-dominant, remobilized polymetallic volcanogenic massive sulphide deposit with potential for expansion.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ha ricevuto permessi di esplorazione per il suo Upland Copper Project nella Columbia Britannica centrale meridionale. Il progetto, che si estende su 5.300 ettari, si trova a 20 km a nord-est di Barriere e a 20 km a sud del progetto Yellowhead di Taseko Mines. Il Ministero dell'Energia, delle Miniere e dell'Innovazione a Basso Carbonio della Columbia Britannica ha approvato il piano di esplorazione di Kobrea, consentendo sondaggi con diamante, scavi e costruzione di sentieri escavati.

Le squadre stanno attualmente conducendo ulteriori sopralluoghi sismici passivi sul sito del progetto per prepararsi alle prossime attività di scavo. Il progetto Upland Copper ospita un giacimento sulfureo massivo polimetallico vulcanogenico rimobilizzato, dominato dal rame con potenziale di espansione.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ha recibido permisos de exploración para su Proyecto Upland Copper en el centro-sur de Columbia Británica. El proyecto, que abarca 5,300 hectáreas, está ubicado a 20 km al noreste de Barriere y a 20 km al sur del Proyecto Yellowhead de Taseko Mines. El Ministerio de Energía, Minas e Innovación de Bajo Carbono de Columbia Británica ha aprobado el plan de exploración de Kobrea, lo que permite perforación con diamante, excavaciones y construcción de senderos excavados.

Las cuadrillas están llevando a cabo censos sísmicos pasivos adicionales en el sitio del proyecto para prepararse para las próximas actividades de excavación. El Proyecto Upland Copper alberga un depósito volcánico masivo polimetálico remobilizado, dominante en cobre, con potencial de expansión.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF)는 브리티시컬럼비아 중남부의 Upland Copper Project에 대한 탐사 허가받았습니다. 이 프로젝트는 5,300 헥타르에 걸쳐 있으며, 바리어에서 북동쪽으로 20km, 타세코 마인즈의 옐로우헤드 프로젝트에서 남쪽으로 20km 떨어져 있습니다. 브리티시컬럼비아 에너지, 광업 및 저탄소 혁신부는 Kobrea의 탐사 계획을 승인하여, 다이아몬드 드릴링, 도랑 파기 및 발굴된 길의 건설을 허용했습니다.

현재 팀은 다가오는 발굴 활동을 준비하기 위해 프로젝트 사이트에서 추가 수동 지진 조사를 수행하고 있습니다. Upland Copper Project는 확장이 가능한 구리 우세의 재이동된 다원 금속 화산 촉매 대량 황화물 광상을 보유하고 있습니다.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) a reçu des permis d'exploration pour son Projet Upland Copper dans le centre-sud de la Colombie-Britannique. Ce projet, qui s'étend sur 5 300 hectares, est situé à 20 km au nord-est de Barriere et à 20 km au sud du Projet Yellowhead de Taseko Mines. Le ministère de l'Énergie, des Mines et de l'Innovation à faible carbone de la Colombie-Britannique a approuvé le plan d'exploration de Kobrea, permettant forages au diamant, fouilles et construction de sentiers excavés.

Les équipes réalisent actuellement des études sismiques passives supplémentaires sur le site du projet pour se préparer aux futures activités de fouille. Le Projet Upland Copper abrite un dépôt volcanogène massif polymétallique remobilisé dominant en cuivre avec un potentiel d'expansion.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) hat Erkundungserlaubnisse erhalten für das Upland Copper Project im südzentralen British Columbia. Das Projekt erstreckt sich über 5.300 Hektar und liegt 20 km nordöstlich von Barriere sowie 20 km südlich des Yellowhead-Projekts von Taseko Mines. Das Ministerium für Energie, Bergbau und Innovation mit niedrigem Kohlenstoffausstoß in British Columbia hat den Erkundungsplan von Kobrea genehmigt, der Diamantbohrungen, Graben und den Bau von ausgehobenen Wegen erlaubt.

Teams führen derzeit weitere passive seismische Untersuchungen auf dem Projektgelände durch, um sich auf bevorstehende Grabungsaktivitäten vorzubereiten. Das Upland Copper Project beherbergt ein kupferdominiertes, remobilisiertes polymetallisches vulkanogenes massives Sulfidvorkommen, das Potenzial zur Erweiterung hat.

Positive
  • Received exploration permits for Upland Copper Project
  • Project spans 5,300 hectares and is road-accessible
  • Approved activities include diamond drilling and trenching
  • Ongoing passive seismic surveys to prepare for trenching
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - July 24, 2024) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") is pleased to announce it has received permits to undertake exploration activities at the Upland Copper Project ("Upland Copper" or the "Project"). The 5,300 hectare, road-accessible project is located 20 kilometres northeast of the town of Barriere and 20 kilometres south of the Taseko Mines Limited's Yellowhead Project in south-central British Columbia. Upland Copper is host to a copper-dominant, remobilized polymetallic volcanogenic massive sulphide deposit that is open for expansion.

The British Columbia Ministry of Energy, Mines and Low Carbon Innovation has approved Kobrea's exploration plan as laid out in its permit application and has issued permits to the Company. The permitted activities include diamond drilling, trenching and construction of excavated trail to access drill sites and trench locations.

Crews are presently on the Project completing additional passive seismic surveys (refer to Kobrea's June 12, 2024 news release for details) to prepare for upcoming trenching activities. Trenching will begin subsequent to collection and processing of passive seismic survey data.

About the Upland Copper Project

The Upland Copper Project is located in south-central British Columbia, Canada. The Project is host to a bulk-tonnage, remobilized polymetallic volcanogenic massive sulphide deposit that is open to expansion. Historical drilling indicates that mineralization is open to depth, with numerous holes bottoming in copper mineralization, including drill hole P-70-9, which averaged 0.32% over the entire 74 metres of the hole. The deepest drilling to date reached a depth of 235 metres.

A 3,700 metre by 1,000 metre area of anomalous copper-in-soils extends south beyond historical drilling approximately 1.5 kilometres, with large portions of the copper-in-soil anomaly untested by drilling. Induced Polarization (IP) surveys completed by previous operators have outlined a 4.0 kilometre by 1.2 kilometre chargeability high anomaly that further supports the upside exploration potential of the system.

*All historical exploration at the Project has not been verified by the Company and the historical exploration information in this news release is sourced entirely from the independent technical report entitled "Technical Report on the Upland Copper Project" dated June 13, 2023, prepared for the Company by Sean Butler, P. Geo.

Qualified Person

The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., Chief Geologist and Director of Kobrea Exploration Corp. and a Qualified Person under National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: "James Hedalen"
James Hedalen
CEO & Director

About Kobrea Exploration Corp.

Kobrea Exploration Corp. is a mineral exploration & development company focused on the acquisition and exploration of base metal projects. The Company holds a 100% interest in the Upland Copper Project in British Columbia, Canada.

For more information, please consult the Company's filings, available at www.sedarplus.ca.

Contact Information

James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email: James@kobreaexploration.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company, including statements respecting the Company's planned work program at the Project. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217531

FAQ

What exploration permits has Kobrea Exploration Corp. (KBXFF) received for the Upland Copper Project?

Kobrea Exploration Corp. has received permits from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation to conduct diamond drilling, trenching, and construction of excavated trails at the Upland Copper Project.

Where is the Upland Copper Project located?

The Upland Copper Project is located 20 kilometres northeast of the town of Barriere and 20 kilometres south of Taseko Mines 's Yellowhead Project in south-central British Columbia.

What type of deposit is present at Kobrea's (KBXFF) Upland Copper Project?

The Upland Copper Project hosts a copper-dominant, remobilized polymetallic volcanogenic massive sulphide deposit that is open for expansion.

What activities are currently underway at Kobrea's (KBXFF) Upland Copper Project as of July 24, 2024?

As of July 24, 2024, crews are conducting additional passive seismic surveys at the Upland Copper Project to prepare for upcoming trenching activities.

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