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Western Metallica Resources Corp
Symbol WMS
Shares Issued 51,728,630
Close 2023-05-10 C$ 0.06
Market Cap C$ 3,103,718
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Western Metallica drills 26.05 m of 1.5% Cu at Nueva Celti

2023-05-11 10:32 ET - News Release

Mr. Gregory Duras reports

WESTERN METALLICA REPORTS DRILL PROGRAM RESULTS INCLUDING 26 METRES AT 1.5% COPPER FROM ITS NUEVA CELTI COPPER PROJECT

Western Metallica Resources Corp. has provided an update on the encouraging results of a second hole drilled at the company's 100-per-cent-owned Nueva Celti copper project, a past-producing copper mine with significant exploration potential, located in the southernmost region of Spain.

The Company has completed three drill holes (results from NCDD003 are pending) for a total of ~1,150 metres of the planned two-phase, ~3,000-metre drill program aimed at investigating mineralized zones at depth below mine levels, as well as the northern and southern extensions (refer to Table 2 for drill hole details). Results of these drill holes are significant as they indicate that both the reported holes intersected copper sulfide mineralization, over multiple intervals, and as drilling continues, the Company anticipates new copper discoveries that will validate the vast historic data which positions Nueva Celti as a highly prolific copper project.

The results from the first two holes, NCDD001 and NCDD002, have confirmed the presence of the mineralized zones reported by the 'Asturian de Zinc', Glencore drilling program, and predict a high-grade copper mineralized trend. Per previously reported results from the Company's April 17th press release, NCDD002 intercepted a wide, ~40-metre-thick zone of disseminated and semi-massive (>50%) assemblage of pyrite, chalcopyrite and magnetite. This highly prospective zone is hosted by the biotite-schists unit, ~100 metres below the deepest historical mine level, as well as confirming the presence of another ~8-metre-wide zone of disseminated and semi-massive sulfide, not indicated by previous historic exploitation.

The control on the early-Cambrian mineralization is typical of the Cu-Zn-Pb occurrences on the Northern Central Belt (NCB) of the Ossa Morena geological province, with copper-sulfides mainly coinciding with layers of muscovite and biotite-schists, locally fragmental (meta-volcaniclastics) within an amphibolite unit (meta-volcanics).

Quality Assurance and Quality Control

Sample preparation and analyses will be conducted according to standard industry procedures. Drill core samples are crushed, split and pulverized prior to analysis of Gold by fire assay and Atomic Absorption and multi-elements by ICP-AES after four acid digestion. Analytical performance is monitored by means of certified reference materials (CRMs), coarse blanks, coarse and pulp duplicate samples. Samples have been prepared in ALS Chemex preparation lab in Seville, Spain and analyses have been completed in ALS Rosia Montana, Alba, Romania (Fire Assays) and LAS Loughrea, Galway, Ireland (ICP).

Qualified Person

The technical and scientific information in this press release has been reviewed and approved by Mr. Giovanni Funaioli, Eur.Geol., Vice President Exploration of Western Metallica, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Giovanni Funaioli is an employee of the Company and is not considered independent under NI 43-101.

About Western Metallica Resources Corp.

Western Metallica is a British Columbia company with its head office in Toronto, Ontario, trading on the TSX Venture Exchange (TSXV) under symbol WMS. Western Metallica is in the business of mineral resource exploration and development, its principal asset is its 100% owned Nueva Celti Copper Property in the Ossa Morena belt in Andalusia, Spain. Western Metallica also holds interests in three other Spanish gold projects in the "Navelgas Gold Belt" in Asturias, Spain (Penedela, Valledor and Sierra Alta).

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