.jpg)
5 hours ago
1
Article content
Tim Kingsley, VP Exploration, commented, “At Tipicancha we are mapping zonation in an oxidized and leached lithocap environment. Alteration and geochemistry continue to define a vertical transition zone from epithermal to porphyry system with potential to find precious metal-bearing lode structures at depth. The high copper values at this level of the system are significant and demonstrate the potential for more extensive porphyry-related copper mineralization. Tipicancha highlights the presence of multiple mineralization events within the Company’s large land package and the significant exploration potential on the property, which the Company is beginning to reveal with a growing pipeline of targets.”
Article content
Article content
Article content
Article content
Figure 4: Generalized alteration-mineralization zoning pattern for telescoped porphyry copper deposits modified from Sillitoe, 2010
Article content
1
Article content
and Hedenquist and Arribas, 2022
Article content
2
Article content
Importantly, Tipicancha represents a younger and potentially porphyry-epithermal related system compared to the nearby Eocene-aged porphyry-skarn deposits at Ccascabamba, Nioc, and Good Lucky. The alteration and porphyritic dikes at Tipicancha cut through younger volcanic rocks, the same rock units that lie above known skarn mineralization elsewhere on the property.
Article content
Article content
Tipicancha is located within the Huancasancos community, where Coppernico has an active surface access agreement. The Company is working toward a permit to expand the current drill area, increase the number of drill holes to around 200, and provide for more drill rigs. These latest findings further support advancing Tipicancha as an additional target for the Phase 2 drill program and highlight the strong potential of Coppernico’s portfolio of copper-gold discovery opportunities.
Article content
Technical Disclosure and Qualified Person
Article content
The scientific and technical information contained in this news release was reviewed and approved by Tim Kingsley, M.Sc., CPG, Coppernico’s VP of Exploration, who is a “Qualified Person” (as defined in NI 43-101).
Article content
Quality Control
Article content
Analytical samples were taken by chisel and hammer in continuous horizontal lines, typically samples were composited over up to 5 metre lengths per sample, however this may be reduced to 0.5 metres where lithological or significant mineralogical changes were observed in order to accurately reflect the apparent width of mineralisation. Typical sample weights were 1 kg per metre. Samples were collected in cotton bags and given a unique reference number. Approximately 2-3kg of material was collected for analysis and sent to the ALS Lab in Lima, Peru for preparation and analysis. Preparation included crushing the sample to 90%
Article content
Article content
ON BEHALF OF THE BOARD OF DIRECTORS
Article content
Ivan Bebek
Chair & CEO
Article content
For further information, please contact:
Article content
Coppernico Metals Inc.
Article content
Phone: +1 778 729 0600
Article content
Article content
Article content
Article content
Article content
About Coppernico
Article content
Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders through diligent project evaluation and exploration in pursuit of the discovery of world-class copper-gold deposits in the Americas. The Company’s management and technical teams have a successful track record of raising capital, discovery and the monetization of exploration successes. The Company’s objective is to become a leading advanced copper explorer, and through its wholly owned private Peruvian subsidiary Sombrero Minerales S.A.C., is currently focused on the Ccascabamba (previously referred to as Sombrero Main) and Nioc target areas within the Sombrero Project in Peru, its flagship project, while regularly reviewing additional premium projects to consider for acquisition.
English (US)