Global Copper Corp Announces Appointment of Dr. Nathan Chutas to its Board of Directors and Scott Davis as Chief Financial Officer
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Global Copper Corp Announces Appointment of Dr. Nathan Chutas to its
Board of Directors and Scott Davis as Chief Financial Officer
• Appointment of Dr. Nathan Chutas to the Board of Directors
• Dr. Chutas’ extensive copper exploration experience aligns with the Company’s re -focus on
copper
• Appointment of Scott Davis as Chief Financial Officer
• Company recently added to its copper-focused portfolio with option agreement on British Columbia
copper/silver property
Toronto, Canada, October 7, 2024 – Global Copper Corp. (TSXV: CUCU) (FSE: WD9 ) (“Global
Copper” or the “Company”) is pleased to announce that its Board of Directors has appointed Dr. Nathan
Chutas to its Board of Directors and Scott Davis as Chief Financial Officer. Dr. Chutas is a professional
geologist with over 20 years of experience with a variety of exploration and mining companies, including
Teck Cominco, NovaGold, Sandfire Resources America, Freeport Resources and Era Resources. He
has served in a spectrum of roles, including senior positions in management and technical roles focused
on exploration of greenfield, brownfield, near -mine resources, and project evaluation. Dr. Chutas has
experience on projects throughout North America, South Africa, Mexico, and most recently spent seven
years in Papua New Guinea. Nathan holds PhD in Geological Sciences from the University of
Washington and is a Certified Professional Geologist with the American Institute of Professional
Geologists.
Mr. Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm
focused on providing accounting and management services for publicly- listed companies. His
experience includes CFO positions of several companies listed on the TSX Venture Exchange. His past
experience consists of senior management positions, including four years at Appleby as an Assistant
Financial Controller, two years at Davidson & Company LLP Chartered Professional Accountants as an
Auditor and five years with Pacific Opportunity Capital Ltd. as an Accounting Manager
Coincident with the appointments of Dr. Chutas and Mr. Davis, Jim Fairbairn will resign as a director
and Chief Financial Officer.
Stephen Dunn, President and Chief Executive Officer of Global Copper, commented: “The appointment
of Dr. Chutas to the Board is aligned with the Company’s new focus on copper and expanding portfolio
of high impact copper projects, including the Company’s recently announced acquisition of the Silver
Vista Copper-Silver project located in British Columbia. Dr. Chutas’ appointment greatly strengthens
the Company’s in-house technical expertise for project selection and development . We see the energy
transition to a net -zero carbon world as opportunity for mineral explorers to focus on the growth
anticipated in demand for copper.”
Stephen Dunn continued: “I want to thank, on behalf of the Board, Jim Fairbairn for his past service as
a Director of the Company and wish him the best in his future endeavors.”
Nevada - Northern Lights Copper Project
The Company’s flagship 100%-owned Northern Lights Copper Project is located in the central portion
of Nevada’s well known Walker Lane Trend about 25 kilometers (15 air miles) southeast of Yerington,
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Nevada (See Figure 2 below). The property consists of 58 lode mining claims covering 1200 acres (485
hectares) and is in close proximity to Nevada Copper Corporation’s producing Pumpkin Hollow copper
mine which has total resources in excess of 6.5 million lbs of copper equivalent. There are also several
active copper exploration projects underway in close proximity to the property.
Figure 2: Northern Lights Copper Project Location Map
The Pumpkin Hollow ore deposit is characterized by an intense magnetic high as shown in Figure 3,
which uses the same base map as Figure 2. The Northern Lights project is located between two magnetic
highs in the eastern portion of the map (see Figure 3 below).
Figure 3: Regional Aeromag Map
Mineralization observed on the property consists of: 1) massive magnetite, goethite, hematite,
chalcopyrite replacement zones in the Triassic limestone and siltstone; 2) smaller, fracture- controlled
zones of magnetite, goethite, hematite with copper oxide; and 3) disseminated pyrite, chalcopyrite,
and copper oxides in sedimentary rocks as well as altered dacite porphyry. Visible copper oxide
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mineralization occurs in a northwest-trending zone approximately 1,500 meters long and 100 meters
wide (5,000ft x 330ft ). This replacement-skarn style of mineralization (deposit type) is similar to the
nearby copper deposit at Pumpkin Hollow, currently in production by Nevada Copper Corporation.
Detailed geologic mapping by the Company and surface rock geochemical results confirm that Northern
Lights has copper mineralization (1% to 19% Cu) over widths up to 4 meters at the surface. Review of
historic reports dating back to the 1910 to 1920 era suggests that copper mineralization grading 3% to
12% Cu at an average width of 1 to 2 meters (2 to 6 feet) extends to a depth of 100 meters (325 feet).
Underground workings are not accessible, and these grades cannot be confirmed without drilling.
The objective of the Company is to confirm the deposit model with additional surface exploration work
following by drilling to define a mineable high- grade copper deposit. The project is currently in the
early exploration phase but planned drilling will confirm the grade, thickness and downdip extent of the
mineralization confirmed at the surface.
Technical information
Quality Assurance and Quality Control of Global Copper's programs are under the control of the
Company's geological employees and are consistent with industry best practices.
Qualified Person
Nathan Chutas is the non- independent qualified person as defined by National Instrument 43-101
- Standards of Disclosure for Mineral Projects for the technical disclosure contained in this news
release. Mr. Chutas has reviewed and approved the technical disclosure contained in this news release.
Also, mineralization hosted on adjacent and/or nearby properties, particularly with respect to
neighbouring mineral resources, is not necessarily indicative of mineralization hosted on the Company's
Project.
About Global Copper Corp.
Global Copper Corp is focused on its 100% owned Northern Lights Copper Project in Nevada. The
Northern Lights Copper Project is located in the central portion of Nevada’s well-known Walker Lane
Trend about 25 km southeast of Yerington, Nevada. The property covers 1,200 acres (485 hectares) and
is in close proximity to Nevada Copper Corporation’s producing Pumpkin Hollow copper mine. There
are also several active copper exploration projects underway in close proximity to the property. Global
Copper Corp plans to confirm the deposit model with additional surface exploration work following by
drilling to define a mineable high-grade copper deposit.
Contact Information:
Global Copper Corp.
Stephen Dunn, CEO and Director
Tel: 416-361-2827
Email: [email protected]
CAUTIONARY STATEMENT:
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
This news release contains certain “forward-looking information” within the meaning of applicable securities
laws. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other
similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only
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predictions. Forward-looking information is based on the opinions and estimates of management at the date the
information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the forward- looking information. For a
description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to
the Company’s Management’s Dis cussion and Analysis. The Company undertakes no obligation to update
forward-looking information if circumstances or management’s estimates or opinions should change, unless
required by law. The reader is cautioned not to place undue reliance on forward-looking information.