Business
Canadian Copper Begins Active Trading and Provides Company Update
TORONTO, July 26, 2022 /CNW/ - Canadian Copper Inc. ("Canadian Copper" or the "Company") is pleased to announce that its common shares commence active trading t
About this update from Canadian Copper, Inc.
[{"type":"text","content":" TORONTO, July 26, 2022 /CNW/ - Canadian Copper Inc. (\"Canadian Copper\" or the \"Company\") is pleased to announce that its common shares commence active trading today on the Canadian Stock Exchange (\"CSE\") under the symbol \"CCI\". The Company plans to announce exploration results from our 2021 drilling campaign starting in August from the Chester Copper Project (\"Chester\" or \"Chester Project\"). Our objectives this year are to continue to explore and increase copper resources at Chester, publish a new mineral resource estimate at Chester, and identify new exploration opportunities across our exploration portfolio in New Brunswick, Canada. Regional prospecting activities will begin this quarter along with our next phase of exploration at Chester. Our Jurisdiction: Bathurst Mining Camp, New Brunswick, Canada Canadian Copper is a copper and a base metal focused junior exploration company with a portfolio of mineral properties totaling more than 16,000 hectares in the prolific Bathurst Mining Camp of New Brunswick, Canada. This region of Canada is celebrated for its extensive history of large volcanogenic massive sulphide (\"VMS\") deposits with more than forty-five (45) discoveries to date and known for the largest underground zinc mine in Canada, Glencore's Brunswick #12 at 136M metric tonnes in size, that operated for 5 decades (Geoscience Canada, McCutcheon, 2020). New Brunswick is an excellent mining jurisdiction with reliable infrastructure including roads, power, deep water port access, experienced talent, and a supportive regulatory environment to efficiently permit exploration programs. Our Asset Portfolio: Known Copper Resources with Regional Exploration Potential The Company has five (5) projects under option agreement to earn 100% ownership within the Bathurst Camp (Figure A). Our most advanced asset is the Chester Project which was first discovered in the 1950's. Two distinct exploration campaigns occurred on the property in the mid 1970's and early 2000's focusing on the high-grade copper resource (see Table A: Previous Significant Drill Results at Chester Copper Project). There is a NI 43-101 historical copper mineral estimate for Chester, see Table B: Chester Historical Mineral Estimate*. No commercial mining has occurred on the property. A 470-meter decline was completed in 1975 that confirmed the pres...