Mr. Ivan Bebek reports
COPPERNICO REPORTS SIGNIFICANT SURFACE CHANNEL SAMPLING RESULTS AT TIPICANCHA EPITHERMAL-PORPHYRY TARGET
Coppernico Metals Inc. has released initial surface channel sampling results from the Tipicancha target, a large-scale epithermal system with potential for a porphyry source at depth. Notable results include 22 metres of 0.65 per cent copper and 0.77 gram per tonne silver, including 10 m of 1.14 per cent Cu and 0.20 g/t Ag, true widths unknown (table 1). These results further demonstrate the mineral potential of Coppernico's consolidated land position as the company advances a growing pipeline of high-quality exploration targets.
Recent geological mapping and systematic rock sampling have extended the alteration footprint at Tipicancha by 500 m, now measuring approximately two kilometres by 400 m. The system displays classic epithermal-style alteration and geochemistry, with potential links to a subsurface porphyry intrusion. Continuing fieldwork continues to extend and refine key alteration and mineralization features, including a semi-continuous pyrite horizon.
Ivan Bebek, chair and chief executive officer of Coppernico, stated: "As we continue to actively explore the extensive and highly prospective land position of our Sombrero project, we are identifying new compelling targets like Tipicancha. This target is expected to be included in the permitted areas of our phase 2 drilling program, for which the permit application is under way. Further exploration across Tipicancha and additional areas is ongoing as we advance our growing pipeline of robust copper and precious metals exploration targets."
In addition to expanding the Tipicancha alteration and pyrite footprint, Coppernico geologists completed a surface channel sampling program over a 200-metre-by-200-metre area to define the geochemical character of the pyritic horizon. Channels were completed where outcrops were available and oriented to maximize sample continuity, as the horizon currently shows no preferred orientation. Most samples returned trace to anomalous concentrations of precious metals and copper (table 1). The sampling results notably also demonstrated elevated values of pathfinder elements such as: molybdenum, arsenic, antimony and tin, typical of the deeper levels of epithermal systems. This suggests that the current surface exposure may represent a transition zone from an epithermal to a porphyry environment consistent with porphyry copper systems. Copper mineralization within the pyrite horizon is primarily hosted in secondary copper sulphide minerals. Further work is continuing to determine the dimensions of the pyrite body, and refine the interpretation of the geochemical zonation, and structural and lithologic controls.
Tim Kingsley, vice-president, 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."
Importantly, Tipicancha represents a younger and potentially porphyry-epithermal-related system compared with 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.
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.
Technical disclosure and qualified person
The scientific and technical information contained in this news release was reviewed and approved by Tim Kingsley, MSc, CPG, Coppernico's VP of exploration, who is a qualified person (as defined in National Instrument 43-101).
Quality control
Analytical samples were taken by chisel and hammer in continuous horizontal lines. Typically, samples were composited over up-to-five-metre lengths per sample; however, this may be reduced to 0.5 metre where lithological or significant mineralogical changes were observed to accurately reflect the apparent width of mineralization. Typical sample weights were one kilogram per metre. Samples were collected in cotton bags and given a unique reference number. Approximately two to three kilograms of material was collected for analysis and sent to the ALS lab in Lima, Peru, for preparation and analysis. Preparation included crushing the sample and pulverizing 1,000 grams of crushed material. All samples are assayed using 30-gram nominal weight fire assay with atomic absorption finish (Au-AA23) and multielement using four-acid digest ICP-AES/ICP-MS method (ME-MS61). Where MS61 results were greater or near 10,000 parts per million copper, or 10,000 ppm zinc, the assays were repeated with ore grade four-acid digest method (Cu-OG62). Quality assurance/quality control programs for 2025 channel samples using internal standard samples, blanks and duplicates, lab duplicates, lab standards, and lab blanks indicate good overall accuracy and precision.
About Coppernico Metals Inc.
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 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 SAC, 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.
The Sombrero project is a land package of approximately 102,000 hectares (1,020 square kilometres) located in the northwestern margins of the world-class Andahuaylas-Yauri trend in Peru. It consists of a number of prospective exploration targets characterized by copper-gold skarn and porphyry systems and precious metal epithermal systems. The company's National Instrument 43-101 technical report, with an effective date of April 17, 2024, and as filed on SEDAR+ on May 23, 2024, focuses on the Ccascabamba and Nioc target areas of the Sombrero project.
Coppernico is listed on the Toronto Stock Exchange under the symbol COPR and trades on the OTCQB Venture Market under the symbol CPPMF.
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