Kobrea Discusses Phase 1 Exploration Program at the Upland Copper Project
Kobrea Discusses Phase 1 Exploration
Program at the Upland Copper Project
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - Kobrea Exploration Corp. (CSE: KBX)
(FSE: F3I) (OTCQB: KBXFF) ("
Kobrea
" or the "
Company
") is pleased to introduce the Upland Copper
Project ("
Upland Copper
" or the "
Project
") and discuss upcoming 2024 exploration plans. The 5,300
hectare, road-accessible project is located 20 kilometres northeast of the town of Barriere and 20
kilometres south of the Taseko Mines Limited's Yellowhead Project (
Figure 1
) in south-central British
Columbia. Upland Copper is host to a copper-dominant, remobilized polymetallic volcanogenic massive
sulphide deposit that is open for expansion.
Figure 1 - Location map.
*The Company notes that mineralization hosted on adjacent and/or nearby and/or geologically similar
properties is not necessarily indicative of mineralization hosted on the Project.
To view an enhanced version of this graphic, please visit:
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Upland Copper Project
The first recorded exploration programs on Upland Copper Project began in 1965 after local
prospectors discovered mineralized float boulders southeast of the Project. Numerous geophysical,
geochemical and diamond drilling programs were completed between 1965 and 2010 on the Project.
50 drill holes totaling 8,095 metres, completed by previous operators on the Project, have outlined
copper mineralization over a 1.6 km by 1.0 km area (
Figure 2
). Historical drilling indicates that
mineralization is open to depth, with numerous holes bottoming in copper mineralization including drill
hole P-70-9 which averaged 0.32% over the entire 74 metres of the hole (
Figures 3 & 4
). The deepest
drilling to date reached a depth of 235 metres.
A total of 3,260 soil samples have been collected on the Project by previous operators. Such samples
have outlined a 3.7 km by 1.0 km copper-in-soil anomaly that coincides well with copper mineralization
intersected in historical drilling. Anomalous copper-in-soils extend south beyond historical drilling
approximately 1.5 kilometres, with large portions of the copper-in-soil anomaly untested by drilling
(
Figure 2
).
Together with ground-based geophysical surveys completed historically and an airborne magnetic
survey completed by Kobrea in 2022, favourable copper-bearing stratigraphy has been outlined that
correlates with copper mineralization intersected in historical drilling. Induced polarization ("IP") surveys
completed by previous operators have outlined a 4.0 by 1.2 kilometre chargeability high anomaly that is
open to the northwest (
Figure 3
).
All historical exploration at the Project has not been verified by the Company and the historical
exploration information in this news release is sourced entirely from the independent technical report
entitled "Technical Report on the Upland Copper Project" dated June 13, 2023, prepared for the
Company by Sean Butler, P. Geo.
Figure 2 - Historical soil geochemical surveys (showing copper) and drill hole locations.
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Figure 3 - Historically defined IP chargeability high anomaly atop mapped geology and drill hole
locations.
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Figure 4 - Cross-section N5690088 showing historical drill results (copper) and interpreted geology.
To view an enhanced version of this graphic, please visit:
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2024 Phase 1 Exploration
The Company intends to commence trenching, soil geochemistry, and bedrock mapping on the Project
in the late spring of 2024. This will better define copper mineralization in bedrock and improve
confidence in the geological model. Two 500-metre-long trenches have been proposed to be excavated
over two mineralized cross-sections of the deposit, which will help to determine continuity of
mineralization and will aid in targeting the higher-grade domains seen in historical drilling. The results
from the first phase of exploration at the Upland Copper project will be used to target subsequent drilling.
Marketing Agreement
Kobrea is also pleased to announce that it has entered into an agreement with MIC Market Information &
Content Publishing GmbH ("
MIC
") (Address: Gerhart-Hauptmann-St. 49b 51379 Leverkusen; email:
; phone: +49 2171-7766628) for a 6-month marketing engagement,
commencing on April 18, 2024. MIC will utilize its online programs and those of third-party service
providers to generate a greater following, increase investor awareness and attract potential new
investors for the Company in consideration of EUR50,000. The promotional activity will occur through
various online platforms and methods of engagement, including, without limitation, advertorials, creation
of texts, reports and research articles, text ads and display ads. MIC does not have a prior relationship
with the Company.
Qualified Person
The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo.,
Chief Geologist and Director of Kobrea and a Qualified Person under National Instrument 43-101. The
results referenced in this news release were completed by previous operators of the Project. Although
the Company was not involved in such work, proper industry data verification procedures appear to have
been followed.
ON BEHALF OF THE BOARD OF DIRECTORS
Per:
"
James Hedalen
"
James Hedalen
CEO & Director
About Kobrea Exploration Corp.
Kobrea Exploration Corp. is a mineral exploration & development company focused on the acquisition
and exploration of base metal projects. The Company holds a 100% interest in the Upland Copper
Project in British Columbia, Canada.
For more information, please consult the Company's filings, available at
www.sedarplus.ca
.
Contact Information
James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email:
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable
securities laws with respect to the Company. These forward-looking statements generally are identified
by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy,"
"future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions and in this
press release include statements respecting: the phase 1 work program at the Project and the scope
and timing thereof; the intention to use the results from the phase 1 work program to target subsequent
drilling; and the MIC engagement and services to be provided by MIC thereunder. Although the
Company believes that the expectations and assumptions on which such forward-looking statements
and information are based are reasonable, undue reliance should not be placed on the forward-
looking statements and information because the Company can give no assurance that they will prove
to be correct. Since forward-looking statements and information address future events and conditions,
by their very nature they involve inherent risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking statements in this press release. The forward-
looking statements included in this news release are expressly qualified by this cautionary statement.
The forward-looking statements and information contained in this news release are made as of the
date hereof and the Company undertakes no obligation to update publicly or revise any forward-
looking statements or information, whether as a result of new information, future events or otherwise,
unless so required by applicable laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.
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