$COPR.TO

Coppernico Metals Launches C$5 Million Private Placement

Coppernico Metals (COPR.TO) seeks to raise C$5 million in a private placement to advance development of the Sombrero Project in Peru, the company said Thursday.The company plans to use the proceeds to advance drill permitting and additional community agreements to support future exploration activities at the project, as well as for general corporate and working capital purposes.The offering consists of 14,285,714 units priced at $0.35 apiece. Each unit will be comprised of one common share and one share purchase warrant exercisable at $0.50 per share for 24 months.Closing is expected June 26.

Coppernico Metals Posts Channel Sampling Results from Nioc Target Area of Sombrero Project

Additional surface channel sampling results from the Nioc target area at the Sombrero copper-gold project in Peru expand the known surface footprint of copper-gold mineralization at Zone 2, Coppernico Metals (COPR.TO) said on Tuesday.The results also "materially de-risk" initial drill targeting decisions by demonstrating continuous, high-grade skarn mineralization across a broad footprint directly above a large, coherent geophysical anomaly, while the company's interpretation of Nioc as a large scary system genetically linked to a porphyry-style intrusive center, "with significant exploration upside", was also reinforced, it added.Highlights of the results include 70.1 meters of 0.92% copper, 0.25 grams per tonne gold and 2.45 g/t silver; and 58.0 m of 0.58% copper, 0.39 g/t gold and 1.70 g/t silver.The results nearly double the width of surface mineralization at Zone 2 to about 70 m in the east-west direction relative to the previously reported 36 metres.Combined Zone 1 and Zone 2 results now define a broad, still-open surface expression of copper-gold skarn mineralization above the more-than-1.5-kilometer Nioc coincident geophysical target, strengthening confidence in initial drill targeting across the target area.Shares in COPR rose 8.2% last Friday, before the holiday weekend.

Coppernico Metals Says Channel Samples Intersect 70.1 m of 0.92% Copper and 0.25 g/t Gold at Nioc

Coppernico Metals Says Channel Samples Intersect 70.1 m of 0.92% Copper and 0.25 g/t Gold at Nioc

Coppernico Metals Advances Tipicancha Copper-Gold Target in Peru Ahead of Initial Drilling

Coppernico Metals (COPR.TO) plans to drill test the Tipicancha copper-gold target at its Sombrero project in Peru, the company said Monday.Systematic mapping is materially refining the scale, geometry and structural framework of the target, which is now interpreted to extend over more than 4 kilometers in length, the company said."The partially outcropping Tipicancha target is emerging as one of our most compelling exploration targets at Sombrero, which we plan to drill test in the coming months," Chair and Chief Executive Officer Ivan Bebek said."The strong correlation between surface sampling in areas of limited bedrock exposure, recent geophysical studies, and these latest results continues to strengthen our confidence in the near-surface continuity of the pyrite-copper horizon," Bebek added.