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World Copper Files Technical Report for Updated Resource Estimate for the Zonia Project
This news release constitutes a "designated news release" for the purposes of the Company's prosp...
About this update from World Copper Ltd
[{"type":"text","content":"World Copper Files Technical Report for Updated Resource Estimate for the Zonia ProjectThis news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated July 17, 2024 to its short form base shelf prospectus and amended and restated short form base shelf prospectus dated June 7, 2024Vancouver, British Columbia--(Newsfile Corp. - October 25, 2024) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) (\"World Copper\" or the \"Company\") is pleased to announce that further to its news release dated September 9, 2024, World Copper has filed on SEDAR+ a National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI 43-101\") technical report for an updated mineral resource estimate (the \"Updated Resource Estimate\") for the Zonia copper-oxide deposit in Arizona, USA (\"Zonia\" or the \"Project\").The NI 43-101 technical report is entitled \"Resource Estimate for The Zonia Project 2024 Update\" (the \"Technical Report\") and is dated October 24, 2024 and dated effective August 27 , 2024. The Technical Report was prepared pursuant to NI 43-101 by Sue Bird, P.Eng., of Moose Mountain Technical Services (\"MMTS\"), an independent qualified person as defined by NI 43-101 (the \"QP\"). The Technical Report is available on World Copper's SEDAR+ profile at www.sedarplus.ca and is available on World Copper's website at www.worldcopperltd.com.Updated Resource Estimate for ZoniaThe Updated Resource Estimate contains Indicated Resources of 109.9 million short tons grading 0.299% total-copper (TCu) containing 657 million pounds of copper, and Inferred Resources of 59.2 million short tons grading 0.254 % total-copper containing 301 million pounds of copper, which is a significant expansion of the Zonia resource estimate in the Indicated category compared to previous estimates. These numbers differ slightly from those in the September 9, 2024 news release https://www.sedarplus.ca/csa-party/records/document.html?id=36569ac7f403fafcdc1c63db82f0b1569d3b0209b2fed187f0276066b6fcce1b, as adjustments were made to the calculation for depletion from historical underground workings.The classified resources are outlined in detail in Table 1 at the base case cut-off grade of 0.18% and at a range of cut-off grades in Table 2. The Updated Resource Estimate was completed for World C...