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Historic drill results from Colquemayo (see King Copper news release dated July 3, 2024, for details) include an intersection that returned:
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- 237.3 metres of 2.4 per cent copper, 0.08 gram per tonne gold and 10 g/t silver, including:
- 161.2 m of 3.4 per cent Cu, 0.09 g/t Au and 14 g/t Ag; and
- 31.3 m of 14.8 per cent Cu, 0.2 g/t Au and 47 g/t Ag.
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Stock Option and Restricted Share Unit (RSU) Grant
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In conjunction with the appointments the Company’s Board of Directors has approved the grant of 250,000 stock options, exercisable at a price of $1.10 per common share for a period of five years and has granted 450,000 RSUs that entitle the holder to a common share of the Company. The RSUs have a two-year vesting period and expire three years from the date of grant.
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On Behalf of the Company,
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Jonathan Richards, Chief Executive Officer
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Website: kingcopperdiscovery.com
Address: #1212 – 1030 West Georgia St, Vancouver, BC V6E 3M5.
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For Investor Relations enquiries, please contact +1 604 229 5208 or via [email protected].
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Statements
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About King Copper Discovery Corp and Our Projects: King Copper is a TSXV-listed exploration company focused on the Colquemayo copper-gold project in South America. The Company is led by a team responsible for multiple gold-copper-silver discoveries.
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Forward Looking Statement: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements, including the expected use of proceeds from the Financing.
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Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions, as well as legal, social, and economic conditions in Argentina and Peru, where the Company’s mineral exploration properties are located. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
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English (US)