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Coppernico Metals Begins Preparations For Phase 2 Drilling at Sombrero Project in Peru

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Coppernico Metals (COPR.TO) said Thursday that it has engaged a contractor to carry out the phase 2 drill program at the Sombrero Project in Peru.

Coppernico has committed to at least 5,000 meters of diamond drilling, subject to final authorization from Peru's Ministry of Energy and Mines, which is expected in the coming months, a statement said.

The company is financed to advance the initial stages of the program, supported by CA$6.5 million raised through two financings, which included participation by Teck Resources (TECK-B.TO), Coppernico Chief Executive Officer Ivan Bebek said.

Coppernico shares were last seen up CA$0.025 at CA$0.425 on the Toronto Stock Exchange.

Price: $0.44, Change: $+0.04, Percent Change: +10.00%

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