01:16:09 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Highland Copper Company Inc
Symbol HI
Shares Issued 736,363,619
Close 2024-04-23 C$ 0.12
Market Cap C$ 88,363,634
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Highland Copper completes White Pine winter program

2024-04-24 11:39 ET - News Release

Mr. Barry O'Shea reports

HIGHLAND COPPER ANNOUNCES THE SUCCESSFUL COMPLETION OF THE WHITE PINE NORTH WINTER DRILLING PROGRAM

Highland Copper Company Inc.'s joint venture with Kinterra Copper USA LLC, White Pine Copper LLC, has successfully completed its winter drilling program on the White Pine North project.

The goal of the drilling program was primarily to collect samples for geotechnical and metallurgical testing to support feasibility study work. The drilling program was carried out by Timberline Drilling Inc. with geological support from Dahrouge Geological Consulting Ltd. The program ran from mid-January through March and was completed as planned, drilling a total of 6,593 metres in 10 holes focusing on the first 10 years of the mine plan area. The program was completed with no reportable safety or environmental incidents.

All holes received geophysical and geotechnical surveys and ore zone material will undergo further metallurgical testing to support engineering studies and permitting requirements. Four of the holes will be revisited this summer for hydrogeological testing. Plans are also under way for a summer drilling program that will focus on infill and resource definition.

In addition to drilling, multiple environmental baseline programs will be conducted throughout the summer to support future permitting efforts. Barry O'Shea, chief executive officer of Highland Copper, stated: "We are pleased with the success of this drilling campaign and progress the joint venture is making on the White Pine North project. Highland's 34-per-cent interest in White Pine represents a significant component of asset value in Highland Copper, nicely complementing our fully permitted, 100-per-cent-owned Copperwood project. Our partnership with Kinterra Copper USA LLC has provided White Pine Copper with the capital and technical focus required to continue advancing the project through permitting and study development."

Qualified person statement

The technical information in this news release has been reviewed and approved by Charline Miville-Deschenes, PEng, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Highland Copper Company Inc.

Highland Copper Company is a Canadian company focused on exploring and developing copper projects in the Upper peninsula of Michigan, United States. The company owns the Copperwood deposit through long-term mineral leases and 34 per cent of the White Pine North project. The company also owns surface rights securing access to the deposit and providing space for infrastructure as required. The company has 736,363,619 common shares issued and outstanding. Its common shares are listed on the TSX Venture Exchange under the symbol HI and trade on the OTCQB Venture Market under symbol HDRSF.

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