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
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.
- None.
- None.
- Initiates soil & rock sampling on
100% Owned Northern Lights Copper - Northern Lights' historic reports document copper mineralization grading
3% to12% Cu - Recent sampling confirms copper mineralization (
1% to19% 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
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:
- 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; - On or before the date that is the sixth month anniversary of the Approval Date, the Company shall pay the Optionor
$10,000 ; - On or before December 31, 2025, the Company must incur
$100,000 in expenditures on the Property and pay$20,000 t o the Optionor; - On or before December 31, 2026, the Company shall pay
$30,000 t o the Optionor; and - On or before December 31, 2027 the Company shall pay
$40,000 t o the Optionor.
The Property is subject to a
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
Figure 2: Northern Lights Copper Project Location Map
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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).
Figure 3: Regional Aeromag Map
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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 (
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
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
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