10:13:22 EDT Tue 23 Jul 2024
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Alta Copper Corp
Symbol ATCU
Shares Issued 84,190,320
Close 2024-03-13 C$ 0.43
Market Cap C$ 36,201,838
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Alta Copper talks Canariaco with Peruvian gov't at PDAC

2024-03-13 12:35 ET - News Release

Ms. Joanne Freeze reports


During the 2024 Prospectors & Developers Association of Canada Convention (PDAC) held in Toronto, Alta Copper Corp. was invited to meetings with Peruvian government authorities to discuss the proposed development of its advanced-stage 100-per-cent-owned Canariaco copper-gold project.

Within the framework of PDAC 2024, the Minister of Energy and Mines of Peru, Romulo Mucho, conducted an extensive work agenda that included interviews and meetings of great importance for the promotion of mining investments in Peru. The minister reaffirmed the government's commitment to the minerals industry as a critical driver of the Peruvian economy. The minister, together with the Minister of Economy and Finance, Jose Arista; the Ambassador of Peru, Manuel Talavera; the Vice-Minister of Mines, Henry Luna; the general director of mining, Jorge Soyo; the specialized investment monitoring director, Gabriela García; and the general director of promotion and sustainability, Walter Sánchez, met with Joanne Freeze and Giulio Bonifacio, which provided the opportunity to update the minister and his team on the recent substantial progress with the advanced-stage Canariaco Norte project and importantly to inform them of the significant additional exploration and development potential with the nearby Canariaco Sur copper gold deposit and Quebrada Verde copper gold porphyry target. The minister acknowledged the company's long-standing presence in Peru and its commitment to the responsible development of the Canariaco project.

Mr. Bonifacio, executive chair of Alta Copper, commented further: "We are very pleased with the meetings held with Minister Mucho together with his technical team and other high-level government officials to discuss the development strategy for the Canariaco copper project with respect to the recently submitted drill permit and optimized preliminary economic assessment to be published in April that will reflect a project that will reflect an annualized production profile of significance."

Additionally, the company was invited to participate in a private round table meeting with several mining companies and Peruvian and Canadian government authorities, including the chairman of the Central Reserve Bank of Peru, Julio Velarde. Alta Copper demonstrated its commitment for the development of the Canariaco project, inclusive of its social and economic development benefits to the community.

About Alta Copper Corp.

Alta Copper is focused on the development of its 100-per-cent-owned Canariaco advanced-staged copper project. Canariaco comprises 97 square kilometres of highly prospective land located 150 kilometres northeast of the city of Chiclayo, Peru, which include the Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km northeast-sputhwest trend in northern Peru's prolific mining district. Canariaco is one of the largest copper deposits in the Americas not held by a major.

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