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Global Copper Corp Announces Appointment of Dr. Nathan Chutas to Its Board of Directors and Scott Davis as Chief Financial Officer

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Global Copper Corp. (TSXV: CUCU) has announced two key appointments to strengthen its leadership team. Dr. Nathan Chutas, a professional geologist with over 20 years of experience, has joined the Board of Directors. His extensive copper exploration expertise aligns with the company's renewed focus on copper projects. Additionally, Scott Davis has been appointed as Chief Financial Officer, bringing significant financial management experience in publicly-listed companies.

The company's flagship project is the 100%-owned Northern Lights Copper Project in Nevada, located near the producing Pumpkin Hollow copper mine. The project shows promising copper mineralization at the surface, with historic reports suggesting high-grade copper extending to depth. Global Copper aims to confirm the deposit model through additional exploration and drilling to define a mineable high-grade copper deposit.

Global Copper Corp. (TSXV: CUCU) ha annunciato due nomine chiave per rafforzare il suo team dirigenziale. Dr. Nathan Chutas, un geologo professionista con oltre 20 anni di esperienza, è entrato a far parte del Consiglio di Amministrazione. La sua vasta esperienza nell'esplorazione del rame è in linea con il rinnovato focus dell'azienda sui progetti di rame. Inoltre, Scott Davis è stato nominato Chief Financial Officer, portando con sé un'importante esperienza nella gestione finanziaria in aziende quotate pubblicamente.

Il progetto di punta dell'azienda è il Progetto Rame Northern Lights di proprietà al 100% in Nevada, situato vicino alla miniera di rame produttiva Pumpkin Hollow. Il progetto mostra promettente mineralizzazione di rame in superficie, con report storici che suggeriscono rame di alta qualità fino a profondità significative. Global Copper punta a confermare il modello di deposito attraverso ulteriori esplorazioni e perforazioni per definire un deposito di rame di alta qualità estraibile.

Global Copper Corp. (TSXV: CUCU) ha anunciado dos nombramientos clave para fortalecer su equipo de liderazgo. Dr. Nathan Chutas, un geólogo profesional con más de 20 años de experiencia, se ha unido a la Junta Directiva. Su amplia experiencia en exploración de cobre se alinea con el renovado enfoque de la empresa en proyectos de cobre. Además, Scott Davis ha sido nombrado Director Financiero, aportando una considerable experiencia en gestión financiera en empresas que cotizan en bolsa.

El proyecto insignia de la compañía es el Proyecto de Cobre Northern Lights de propiedad al 100% en Nevada, ubicado cerca de la mina de cobre en producción Pumpkin Hollow. El proyecto muestra una prometedora mineralización de cobre en la superficie, con informes históricos que sugieren cobre de alta ley hasta profundidades considerable. Global Copper busca confirmar el modelo de depósito a través de exploraciones y perforaciones adicionales para definir un depósito de cobre de alta ley explotable.

글로벌 구리 주식회사 (TSXV: CUCU)는 리더십 팀을 강화하기 위해 두 가지 주요 인사를 발표했습니다. Dr. Nathan Chutas, 20년 이상의 경험을 가진 전문 지질학자가 이사회에 합류했습니다. 그의 광범위한 구리 탐사 전문 지식은 회사의 구리 프로젝트에 대한 재조정된 초점과 일치합니다. 또한, Scott Davis가 최고 재무 책임자로 임명되어 상장 회사에서의 재무 관리 경험을 가져왔습니다.

회사의 주력 프로젝트는 네바다주에 위치한 100% 소유의 노던 라이츠 구리 프로젝트로, 생산 중인 펌킨 홀로우 구리 광산 근처에 있습니다. 이 프로젝트는 표면에서 유망한 구리 광물을 보여주며, 역사적 보고서에서는 높은 품질의 구리가 깊이까지 연장된다고 제안하고 있습니다. 글로벌 구리는 추가 탐사와 시추를 통해 광산에서 채굴할 수 있는 고품질 구리 매장 모델을 확인할 계획입니다.

Global Copper Corp. (TSXV: CUCU) a annoncé deux nominations clés pour renforcer son équipe de direction. Dr. Nathan Chutas, un géologue professionnel avec plus de 20 ans d'expérience, a rejoint le conseil d'administration. Son expertise approfondie en exploration du cuivre s'aligne avec le recentrage de l'entreprise sur les projets de cuivre. De plus, Scott Davis a été nommé directeur financier, apportant une expérience significative en gestion financière dans des entreprises cotées en bourse.

Le projet phare de l'entreprise est le Projet de Cuivre Northern Lights entièrement détenu à 100% au Nevada, situé près de la mine de cuivre en production de Pumpkin Hollow. Le projet présente une minéralisation prometteuse du cuivre en surface, avec des rapports historiques suggérant que le cuivre de haute qualité s'étend en profondeur. Global Copper vise à confirmer le modèle de dépôt par le biais d'explorations et de forages supplémentaires afin de définir un dépôt de cuivre à haute teneur exploitable.

Die Global Copper Corp. (TSXV: CUCU) hat zwei wichtige Ernennungen bekannt gegeben, um ihr Führungsteam zu stärken. Dr. Nathan Chutas, ein professioneller Geologe mit über 20 Jahren Erfahrung, ist dem Vorstand beigetreten. Sein umfangreiches Know-how in der Kupferexploration passt zur erneuerten Ausrichtung des Unternehmens auf Kupferprojekte. Darüber hinaus wurde Scott Davis zum Finanzvorstand ernannt und bringt bedeutende Erfahrungen im Finanzmanagement von börsennotierten Unternehmen mit.

Das Hauptprojekt des Unternehmens ist das 100%-Eigentum Northern Lights Copper Project in Nevada, das sich in der Nähe der produzierenden Kupfermine Pumpkin Hollow befindet. Das Projekt zeigt an der Oberfläche vielversprechende Kupfermineralisierungen, wobei historische Berichte auf hochgradigen Kupferabbau in größerer Tiefe hinweisen. Global Copper zielt darauf ab, das Depositionsmodell durch zusätzliche Exploration und Bohrungen zu bestätigen, um ein abbaubares, hochgradiges Kupferdepot zu definieren.

Positive
  • Appointment of Dr. Nathan Chutas to the Board strengthens in-house technical expertise for project selection and development
  • Scott Davis appointed as CFO, bringing experience from several TSX Venture Exchange listed companies
  • Company's Northern Lights Copper Project shows surface copper mineralization of 1% to 19% Cu over widths up to 4 meters
  • Historic reports suggest copper mineralization of 3% to 12% Cu extending to a depth of 100 meters
Negative
  • The project is currently in the early exploration phase
  • Historic grades cannot be confirmed without drilling
  • Underground workings are not accessible

  • Appointment of Dr. Nathan Chutas to the Board of Directors
  • Dr. Chutas' extensive copper exploration experience aligns with the Company's re-focus on copper
  • Appointment of Scott Davis as Chief Financial Officer
  • Company recently added to its copper-focused portfolio with option agreement on British Columbia copper/silver property

Toronto, Ontario--(Newsfile Corp. - October 7, 2024) - Global Copper Corp. (TSXV: CUCU) (FSE: WD9) ("Global Copper" or the "Company") is pleased to announce that its Board of Directors has appointed Dr. Nathan Chutas to its Board of Directors and Scott Davis as Chief Financial Officer. Dr. Chutas is a professional geologist with over 20 years of experience with a variety of exploration and mining companies, including Teck Cominco, NovaGold, Sandfire Resources America, Freeport Resources and Era Resources. He has served in a spectrum of roles, including senior positions in management and technical roles focused on exploration of greenfield, brownfield, near-mine resources, and project evaluation. Dr. Chutas has experience on projects throughout North America, South Africa, Mexico, and most recently spent seven years in Papua New Guinea. Nathan holds PhD in Geological Sciences from the University of Washington and is a Certified Professional Geologist with the American Institute of Professional Geologists.

Mr. Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm focused on providing accounting and management services for publicly-listed companies. His experience includes CFO positions of several companies listed on the TSX Venture Exchange. His past experience consists of senior management positions, including four years at Appleby as an Assistant Financial Controller, two years at Davidson & Company LLP Chartered Professional Accountants as an Auditor and five years with Pacific Opportunity Capital Ltd. as an Accounting Manager.

Coincident with the appointments of Dr. Chutas and Mr. Davis, Jim Fairbairn will resign as a director and Chief Financial Officer.

Stephen Dunn, President and Chief Executive Officer of Global Copper, commented: "The appointment of Dr. Chutas to the Board is aligned with the Company's new focus on copper and expanding portfolio of high impact copper projects, including the Company's recently announced acquisition of the Silver Vista Copper-Silver project located in British Columbia. Dr. Chutas' appointment greatly strengthens the Company's in-house technical expertise for project selection and development. We see the energy transition to a net-zero carbon world as opportunity for mineral explorers to focus on the growth anticipated in demand for copper."

Stephen Dunn continued: "I want to thank, on behalf of the Board, Jim Fairbairn for his past service as a Director of the Company and wish him the best in his future endeavors."

Nevada - Northern Lights Copper Project

The Company's flagship 100%-owned Northern Lights Copper Project is located in the central portion of Nevada's well known Walker Lane Trend about 25 kilometers (15 air miles) southeast of Yerington, Nevada (See Figure 2 below). The property consists of 58 lode mining claims covering 1200 acres (485 hectares) and is in close proximity to Nevada Copper Corporation's producing Pumpkin Hollow copper mine which has total resources in excess of 6.5 million lbs of copper equivalent. There are also several active copper exploration projects underway in close proximity to the property.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5472/225789_bc7d1ed55480680d_001.jpg

Figure 2: Northern Lights Copper Project Location Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5472/225789_bc7d1ed55480680d_001full.jpg

The Pumpkin Hollow ore deposit is characterized by an intense magnetic high as shown in Figure 3, which uses the same base map as Figure 2. The Northern Lights project is located between two magnetic highs in the eastern portion of the map (see Figure 3 below).

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Figure 3: Regional Aeromag Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5472/225789_bc7d1ed55480680d_002full.jpg

Mineralization observed on the property consists of: 1) massive magnetite, goethite, hematite, chalcopyrite replacement zones in the Triassic limestone and siltstone; 2) smaller, fracture- controlled zones of magnetite, goethite, hematite with copper oxide; and 3) disseminated pyrite, chalcopyrite, and copper oxides in sedimentary rocks as well as altered dacite porphyry. Visible copper oxide mineralization occurs in a northwest-trending zone approximately 1,500 meters long and 100 meters wide (5,000ft x 330ft). This replacement-skarn style of mineralization (deposit type) is similar to the nearby copper deposit at Pumpkin Hollow, currently in production by Nevada Copper Corporation.

Detailed geologic mapping by the Company and surface rock geochemical results confirm that Northern Lights has copper mineralization (1% to 19% Cu) over widths up to 4 meters at the surface. Review of historic reports dating back to the 1910 to 1920 era suggests that copper mineralization grading 3% to 12% Cu at an average width of 1 to 2 meters (2 to 6 feet) extends to a depth of 100 meters (325 feet). Underground workings are not accessible, and these grades cannot be confirmed without drilling.

The objective of the Company is to confirm the deposit model with additional surface exploration work following by drilling to define a mineable high-grade copper deposit. The project is currently in the early exploration phase but planned drilling will confirm the grade, thickness and downdip extent of the mineralization confirmed at the surface.

Technical information
Quality Assurance and Quality Control of Global Copper's programs are under the control of the Company's geological employees and are consistent with industry best practices.

Qualified Person
Nathan Chutas is the non-independent qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the technical disclosure contained in this news release. Mr. Chutas has reviewed and approved the technical disclosure contained in this news release. Also, mineralization hosted on adjacent and/or nearby properties, particularly with respect to neighbouring mineral resources, is not necessarily indicative of mineralization hosted on the Company's Project.

About Global Copper Corp.
Global Copper Corp is focused on its 100% owned Northern Lights Copper Project in Nevada. The Northern Lights Copper Project is located in the central portion of Nevada's well-known Walker Lane Trend about 25 km southeast of Yerington, Nevada. The property covers 1,200 acres (485 hectares) and is in close proximity to Nevada Copper Corporation's producing Pumpkin Hollow copper mine. There are also several active copper exploration projects underway in close proximity to the property. Global Copper Corp plans to confirm the deposit model with additional surface exploration work following by drilling to define a mineable high-grade copper deposit.

Contact Information:
Global Copper Corp.
Stephen Dunn, CEO and Director
Tel: 416-361-2827
Email: steve@crownminingcorp.com

CAUTIONARY STATEMENT:
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward- looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225789

FAQ

What are the recent appointments made by Global Copper Corp (TSXV: CUCU)?

Global Copper Corp has appointed Dr. Nathan Chutas to its Board of Directors and Scott Davis as Chief Financial Officer.

Where is Global Copper Corp's (TSXV: CUCU) Northern Lights Copper Project located?

The Northern Lights Copper Project is located in the central portion of Nevada's Walker Lane Trend, about 25 kilometers southeast of Yerington, Nevada.

What is the current status of Global Copper Corp's (TSXV: CUCU) Northern Lights Copper Project?

The Northern Lights Copper Project is currently in the early exploration phase. The company plans additional surface exploration work followed by drilling to define a mineable high-grade copper deposit.

What is the surface copper mineralization reported at Global Copper Corp's (TSXV: CUCU) Northern Lights Project?

Surface rock geochemical results confirm copper mineralization of 1% to 19% Cu over widths up to 4 meters at the surface of the Northern Lights Project.

GLOBAL COPPER CORP

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