Coppernico Receives Final Permits to Drill its Sombrero Copper-Gold Project in Southern Peru
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Coppernico Receives Final Permits to Drill its Sombrero
Copper-Gold Project in Southern Peru
Vancouver, Canada – April 24, 2024 – Coppernico Metals Inc. (“Coppernico” or the “Company”) is
pleased to announce that its Peruvian subsidiary Sombrero Minerales S.A.C. has now received all
permits, including the water permit, required for drilling at its Sombrero Project ("Sombrero" or the
"Project") in Peru (see Figure 1 for the permitted area) . The Sombrero Project represents a rare
exploration opportunity to potentially expand the prolific Andahuaylas-Yauri trend, host of world-
class copper mines such as Las Bambas, Haquira, Los Chancas, Cotabambas, Constancia,
Antapaccay, and Tintaya . Coppernico’s next step includes finalizing additional capital to fund
drilling now that permits are secured.
Figure 1 – Permitted Drill Area at the Sombrero Main/Nioc Area1
1 The map illustrates the primary area of interest related to the drill permit covering a span of 563.37 hectares. There
are 3 additional smaller areas, not depicted in the map, which collectively contribute to the total Permit land package
of 972.92 hectares.
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Ivan Bebek, CEO of Coppernico commented, "Receiving the final permit puts the Company in a
position to commence the first copper -focused exploration program at its Sombrero Project. We
are thankful for the cooperation and the support of the local community as well as to our
shareholders who have waited patiently for these permits."
Mr. Bebek added, "The timing of this milestone – obtaining drill permits after recently completing
a 3 -year surface access agreement with the local community – coincides very well with current
rising copper prices which are supported by a strong outlook for copper."
ON BEHALF OF THE BOARD OF DIRECTORS
Ivan Bebek
Chair & CEO
For further information, please contact:
Coppernico Metals Inc.
Phone: +1 778 729 0600
Email: [email protected]
Website: www.coppernicometals.com
Twitter: @CoppernicoMetal
LinkedIn: www.linkedin.com/company/coppernico-metals/
About Coppernico
Coppernico is a mineral exploration company focused on creating value for shareholders and
stakeholders through careful project evaluation and exploration excellence in pursuit of the
discovery of world-class copper-gold deposits in South America. The Company’s management and
technical teams have a successful track record of raising capital, discovery and the monetization of
exploration successes. The Company, through its Peruvian subsidiary Sombrero Minerales S.A.C., is
currently focused on the Sombrero pr oject in Peru, its flagship project, and is reviewing additional
premium projects in South America.
The Sombrero Project is a land package of approximately 10 0,000 hectares located in the north -
western margins of the world -class Andahuaylas -Yauri trend in Peru . It consists of a number of
prospective exploration targets characterized by copper-gold skarn and porphyry systems, and
precious metal epithermal deposits . The Company is in the final stages of preparing a NI 43-101
technical report which focuses on the Sombrero Main and Nioc target areas.
Coppernico is currently an unlisted public reporting issuer. The Company intends to seek a listing
on a recognized stock exchange once it qualifies to do so . For more information, please visit
www.coppernicometals.com.
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Cautionary Note
This news release contains forward-looking statements and forward-looking information within the
meaning of Canadian securities legislation (collectively, “forward -looking statements”) that relate
to the Company’s current expectations and views of future events about which there cannot be any
certainty. No assurance can be given that these expectations will prove to be correct and such
forward-looking statements included in this news release should not be unduly relied upon. These
statements speak only as of the date of this news release. In particular, and without limitation, this
news release contains forward -looking statements pertaining to the Company’s exploration and
drill plans and the Company’s plans to finance and list the Company’s shares on a recognized stock
exchange. Forward-looking statements are based on a number of assumptions and are subject to
a number of risks and uncertainties, many of which are beyond the Company’s control, which could
cause actual results and events to differ materially from those that are disclosed in or implied by
such forward -looking statements. Readers should refer to the risks discussed in the Company’s
continuous disclosure filings with the Canadian Securities Administrators, available at
www.sedar.com.
No regulatory organization has approved the contents hereof.