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Golden Birch Resources Inc. Commences Drilling at Waki Copper-Gold Prospect on the Keveri Project and Changes Name to PNG Copper Inc.
Timmins, Ontario--(Newsfile Corp. - August 10, 2021) - Golden Birch Resources Inc. (CSE: GBRX) ("Golden Birch" or the "Company") is pleased to announce that dri
About this update from Loyalist Exploration Limited
[{"type":"text","content":" Timmins, Ontario--(Newsfile Corp. - August 10, 2021) - Golden Birch Resources Inc. (CSE: GBRX) (\"Golden Birch\" or the \"Company\") is pleased to announce that drilling has begun on the Copper-Gold Porphyry Waki Target at the Keveri Project, PNG. A 3,000 m drill program is designed to test the three drill-ready Copper-Gold Porphyry targets, Waki, Urua and Omu along with a nickel target, Doriri. The program will test geophysical targets, existing trenches and further investigate some historical shallow drill holes. Completion of this program will allow the Company to earn-in 51% of the company that owns the exploration licenses. The drill program is planned to be completed by late November 2021. Figure 1: Shows 4 drill ready targets, Waki, Urua, Omu and Doriri with other prospects on the two Exploration Licences EL 2391 and 2560 which Company has an Option Agreement. Figure 2: Location of the initial Hole at Waki in the vicinity of two high grade outcrop samples, ref#109080 and 109257. Two 250 m holes are planned for Waki in this drill program. The site of the first hole (Figure 2) is collared near high grade rock chip samples associated with the presence of an interpreted large hydrothermal magnetite zone identified by Golden Birch in 2019 by 3D modelling of the airborne magnetic survey data from Papuan Precious Minerals Ltd in 2010. The interpreted hydrothermal magnetite zone is suggestive of a potential mineralized intrusion at depth and a brecciated zone with high grade copper and gold outcrops and comprises one of the three main copper porphyry drill targets on the Keveri Property. Corporate Name and Symbol Change on CSE The Company is also pleased to announce that it has filed articles of amendment to change its name to PNG Copper Inc. and will commence trading on the CSE under its new name, its new ticker symbol \"PNGC\" and its new CUSIP number 69356K100 on August 12, 2021. Qualified Person Mr. Ian Taylor, MAusIMM(CP), a consultant to the Company, and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has approved the applicable contents of this news release. About Golden Birch Resources Inc. Golden Birch Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New Guinea. The Company's cor...