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Global Copper Corp Initiates Soil & Rock Geochemical Sampling Survey on its 100%-owned, Northern Lights Copper Project and Announces Option Agreement to Acquire Copper/Silver Property located in British Colombia

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Global Copper Corp (TSXV: CUCU) has initiated a soil and rock geochemical sampling survey on its 100%-owned Northern Lights Copper Project in Nevada. The 485-hectare property has shown copper mineralization grading 3% to 12% Cu in historic reports, with recent sampling confirming 1% to 19% Cu over widths up to 4 meters at the surface.

The company also announced an option agreement to acquire the Silver Vista Property in British Columbia. This copper/silver property recently yielded drill results including 0.62% copper and 48 g/t silver over 46 meters.

These initiatives align with Global Copper's strategy to focus on copper exploration and project development in response to the anticipated growth in copper demand due to the energy transition.

Global Copper Corp (TSXV: CUCU) ha avviato un sondaggio geochimico su suolo e roccia nel suo progetto Northern Lights Copper Project, di cui possiede il 100% in Nevada. La proprietà di 485 ettari ha mostrato mineralizzazione di rame con gradi dal 3% al 12% Cu in report storici, con campionamenti recenti che confermano 1% a 19% Cu su larghezze fino a 4 metri in superficie.

L'azienda ha anche annunciato un accordo di opzione per acquisire la Silver Vista Property nella Columbia Britannica. Questa proprietà rame/argento ha recentemente fornito risultati di perforazione tra cui 0,62% di rame e 48 g/t di argento su 46 metri.

Queste iniziative sono in linea con la strategia di Global Copper di concentrarsi su esplorazione del rame e sviluppo di progetti in risposta alla crescita prevista della domanda di rame a seguito della transizione energetica.

Global Copper Corp (TSXV: CUCU) ha iniciado un estudio de muestreo geoquímico de suelo y roca en su proyecto Northern Lights Copper, del cual posee el 100% en Nevada. La propiedad de 485 hectáreas ha mostrado mineralización de cobre con grados del 3% al 12% Cu en informes históricos, con muestreos recientes que confirman 1% a 19% Cu sobre anchos de hasta 4 metros en la superficie.

La empresa también anunció un acuerdo de opción para adquirir la Silver Vista Property en Columbia Británica. Esta propiedad de cobre/argento ha reportado recientemente resultados de perforación, incluidos 0,62% de cobre y 48 g/t de plata sobre 46 metros.

Estas iniciativas se alinean con la estrategia de Global Copper de centrarse en la exploración de cobre y el desarrollo de proyectos en respuesta al crecimiento anticipado de la demanda de cobre debido a la transición energética.

Global Copper Corp (TSXV: CUCU)은 네바다에 있는 100% 소유의 Northern Lights Copper Project에서 토양 및 암석 화학 시료 채취 조사를 시작했습니다. 485헥타르의 부지는 역사적인 보고서에서 3%에서 12% Cu의 구리 광물화가 나타났으며, 최근 샘플링을 통해 1%에서 19% Cu가 4미터까지의 두께에서 나타났습니다.

회사는 또한 브리티시컬럼비아에 있는 Silver Vista Property를 인수하기 위한 옵션 계약을 발표했습니다. 이 구리/은 속성은 최근 46미터에 걸쳐 0.62% 구리와 48 g/t 은의 시추 결과를 얻었습니다.

이러한 이니셔티브는 에너지 전환으로 인한 구리 수요 증가에 대응하여 구리 탐사 및 프로젝트 개발에 집중하려는 Global Copper의 전략과 일치합니다.

Global Copper Corp (TSXV: CUCU) a lancé une enquête de prélèvement géochimique sur le sol et la roche sur son projet Northern Lights Copper, dont il possède 100% dans le Nevada. La propriété de 485 hectares a montré une minéralisation en cuivre avec des teneurs de 3% à 12% Cu dans des rapports historiques, avec des échantillons récents confirmant 1% à 19% Cu sur des largeurs allant jusqu'à 4 mètres en surface.

L'entreprise a également annoncé un accord d'option pour acquérir la Silver Vista Property en Colombie-Britannique. Cette propriété cuivre/argent a récemment donné des résultats de forage, y compris 0,62% de cuivre et 48 g/t d'argent sur 46 mètres.

Ces initiatives sont en accord avec la stratégie de Global Copper de se concentrer sur l'exploration du cuivre et le développement de projets en réponse à la croissance anticipée de la demande de cuivre due à la transition énergétique.

Global Copper Corp (TSXV: CUCU) hat eine Boden- und Gesteinsgeochemie-Probennahmeuntersuchung in seinem 100%-Eigentum Northern Lights Copper Project in Nevada gestartet. Das 485 Hektar große Grundstück hat in historischen Berichten Kupfermineralisierungen mit Gehalten von 3% bis 12% Cu gezeigt, wobei aktuelle Probenahmen 1% bis 19% Cu über Breiten von bis zu 4 Metern an der Oberfläche bestätigt haben.

Das Unternehmen gab außerdem eine Optionsvereinbarung zur Übernahme der Silver Vista Property in British Columbia bekannt. Diese Kupfer/Silber-Liegenschaft hat kürzlich Bohrresultate geliefert, darunter 0,62% Kupfer und 48 g/t Silber über 46 Meter.

Diese Initiativen stehen im Einklang mit der Strategie von Global Copper, sich auf Kupferexploration und Projektentwicklung zu konzentrieren, um auf das erwartete Wachstum der Kupfernachfrage aufgrund des Energieübergangs zu reagieren.

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  • Initiates soil & rock sampling on 100% Owned Northern Lights Copper
  • Northern Lights' historic reports document copper mineralization grading 3% to 12% Cu
  • Recent sampling confirms copper mineralization (1% to 19% Cu) over widths up to 4 meters at the surface
  • Company adds to its copper-focused portfolio with option agreement on British Columbia copper/silver property

Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - Global Copper Corp. (TSXV: CUCU) (FSE: WD9) ("Global Copper" or the "Company") is pleased to announce that it has initiated a property-wide soil and rock geochemical sampling survey on its 100%-owned, 485 hectare Northern Lights Copper Project (the "Project) in Nevada. The program is designed to test for and expand on the copper skarn mineralization that occurs on the property. Results from the survey will be used to identify zones to be tested by diamond and or reverse circulation drilling in the coming months. 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. More details on the Company's flagship Northern Lights copper project are as set out below.

The Company is also pleased to announce that on September 25, 2024, the Company and an arm's length party (the "Optionor") entered into a property option and joint venture agreement (the "Agreement") pursuant to which the Optionor granted the Company an option (the "Option") to acquire several mineral titles located in British Columbia (the "Silver Vista Property"). In order to exercise the Option, the Company shall make the following payments:

  1. Upon receipt of approval from the TSX Venture Exchange for the Option (the "Approval Date"), the Company shall pay the Optionor $10,000 and shall issue the Optionor 4,000,000 common share (the "Common Shares") in the capital of the Company at a deemed price of $0.05 per Common Share;
  2. On or before the date that is the sixth month anniversary of the Approval Date, the Company shall pay the Optionor $10,000;
  3. On or before December 31, 2025, the Company must incur $100,000 in expenditures on the Property and pay $20,000 to the Optionor;
  4. On or before December 31, 2026, the Company shall pay $30,000 to the Optionor; and
  5. On or before December 31, 2027 the Company shall pay $40,000 to the Optionor.

The Property is subject to a 2% net smelter return royalty (the "NSR") held by Amarc Resources Corp. ("Amarc") subject to the ability of the Company to purchase 1% of the NSR (resulting in the remaining NSR being 1%) for a purchase price of $1,000,000 at any time.

The Silver Vista property is located in northcentral BC, approximately 55 air kilometres ('km') northeast of the town of Smithers and 300 km NW of northern B.C.'s regional hub city of Prince George.

The Silver Vista property is comprised of approximately 48 square km (4,839.2 hectares) and was recently drilled in 2021 (9 holes over 1,507 metres). Drill hole SV21-07 intersected a continuous 0.62 per cent copper and 46-metre-long zone from 106 metres averages 48 grams per tonne silver. This zone included a 17-metre section containing 1.34 per cent copper and 94 grams per tonne silver. Along this zone as well, the highest copper grade of 2.57 per cent (112 to 113 metres) and the highest silver grade of 431 grams per tonne (121 to 122 metres) were assayed.

Stephen Dunn, President and Chief Executive Officer of Li3 Lithium, commented: "This acquisition adds to the Company's existing flagship Northern Lights Copper Project and furthers the Company's new strategy of focusing globally on copper exploration and project 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."

Nevada - Northern Lights Copper Project

Global Copper's 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/5472/225197_bcd410a59470ea36_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/5472/225197_bcd410a59470ea36_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).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5472/225197_bcd410a59470ea36_002.jpg

Figure 3: Regional Aeromag Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5472/225197_bcd410a59470ea36_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/225197

FAQ

What are the recent sampling results from Global Copper's Northern Lights Project?

Recent sampling at the Northern Lights Project confirmed copper mineralization ranging from 1% to 19% Cu over widths up to 4 meters at the surface.

What is the size of Global Copper's Northern Lights Copper Project?

The Northern Lights Copper Project covers 485 hectares (1200 acres) and consists of 58 lode mining claims.

What are the terms of the option agreement for the Silver Vista Property?

Global Copper can acquire the Silver Vista Property by making payments totaling $110,000 over four years, issuing 4 million shares, and incurring $100,000 in expenditures by December 31, 2025.

What were the significant drill results from the Silver Vista Property in 2021?

Drill hole SV21-07 intersected 0.62% copper and 48 g/t silver over 46 meters, including a 17-meter section with 1.34% copper and 94 g/t silver.

Where is Global Copper's Northern Lights Project located?

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

GLOBAL COPPER CORP

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