District Copper Identified Two Large Chargeability Targets on Copper Keg Property, Completes Airmag Survey
District Copper Identified Two Large
Chargeability Targets on Copper Keg Property,
Completes Airmag Survey
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2022) - District Copper Corp. (TSXV:
DCOP) ("District Copper", "District", or the "Company") is pleased announce the results and
interpretation of a 19.3km deep penetrating Induced Polarization survey on its Copper Keg porphyry
copper project located approximately 55 kms west of Kamloops British Columbia.
The property covers
approximately 3,272 ha and is located at the north end of the Guichon Creek batholith.
Highlights of the
program are:
Highlights:
Two positive chargeability anomalies have been located.
The largest anomaly is northwest trending, open ended, and measures 2,500m long by 1000m
wide, hosted in Nicola Volcanics and the Guichon intrusive located on either side of the Barnes
Creek Fault.
The second positive anomaly is hosted in the Guichon Intrusive at the south end of the project,
measures at least 1,500m long by 750m wide, and is open to the west.
The largest chargeability anomaly exhibits a strong spatial correlation to the large area of intense
argillic alteration and is interpreted to extend to the southeast under the Kamloops Group.
The chargeability anomalies correlated with the two areas of coincident sporadic copper
mineralization and intense argillic alteration defined by historical rock sampling programs.
The Company is also pleased to report that field data collection for the recently announced airborne
magnetometer survey over the entire property has now been completed by Precision GeoSurveys of
Langley, BC.
Interpretation of the data, including a Magnetic Vector Inversion, is underway.
Mr. Jevin Werbes, President and Chief Executive Officer of District Copper stated, "The IP survey has
identified two large drilling targets that show a strong correlation to areas of copper mineralization and
intense argillic alteration that exhibits a spatial association with the regional scale, Barnes Creek fault
system.
These results have better informed our understanding of the project by mapping the
chargeability and resistivity signatures under the Kamloops Group cover rocks and will be incorporated
into the project compilation when results of the airborne magnetic survey are received."
Induced polarization Survey
The IP survey consisted of four, 500m spaced, north-south oriented lines covering 19.3 kms, contracted
to Quantec Geoscience who used their Titan 24 system.
The survey was completed using the dipole-
pole-dipole configuration utilizing a 100 m dipole spacing.
The objective of the survey was to map the
chargeability and resistivity signature associated with the two areas of intense argillic alteration and
associated sporadic copper mineralization.
The larger of the two chargeability anomalies is coincides with a large area of altered Nicola Volcanics
and Guichon intrusives located along the trace of the Barnes Creek Fault.
The chargeability signatures
suggest that the Barnes Creek Fault and the intense argillic alteration could extend to the southeast
under the Kamloops Group (see News Release dated March 14, 2022).
About District Copper
District Copper is a Canadian company engaged in the exploration for porphyry copper deposits in
south-central British Columbia.
The Company also owns the Eaglehead porphyry Cu-Mo-Au-Ag property
in northern British Columbia, which has been optioned to Northern Copper Fox, and the Stony Lake gold
project in central Newfoundland, which has been optioned to K9 Gold Corp.
For further information, please visit
www.districtcoppercorp.com
to view the Company's profile or contact
Jevin Werbes at 604-363-3506.
___________________________
Jevin Werbes, President & CEO
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of an offer to sell any of the securities described herein in the United States. The securities
described in this news release have not been and will not be registered under the United States
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Cautionary Statement on Forward-Looking Statement
Certain information contained in this news release, including information as to our strategy, projects,
plans or future financial or operating performance and other statements that express management's
expectations or estimates of future performance, constitute "forward looking statements". Actual
results may differ materially from those indicated by such statements. All statements, other than
historical fact, included herein, including, without limitations statements regarding future production,
are forward-looking statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
In connection with the forward-looking information contained in this news release, District Copper has
made numerous assumptions regarding, among other things: the geological advice that District Copper
has received is reliable and is based upon practices and methodologies which are consistent with
industry standards and the reliability of historical reports.
While District Copper considers these
assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and
contingencies.
Additionally, there are known and unknown risk factors which could cause District Copper's actual
results, performance or achievements to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking information contained herein.
Known risk
factors include, among others: the dimensions and shape of the mineralized areas may not be as
estimated; the mineralization may not represent sediment hosted intrusion related style gold
mineralization; uncertainties relating to interpretation of the outcrop sampling results; the geology,
continuity, and concentration of the mineralization; the financial markets and the overall economy may
deteriorate; the need to obtain additional financing and uncertainty of meeting anticipated program
milestones; and uncertainty as to timely availability of permits and other governmental approvals.
A more complete discussion of the risks and uncertainties facing District Copper is disclosed in District
Copper's continuous disclosure filings with Canadian securities regulatory authorities at
www.sedar.com.
All forward-looking information herein is qualified in its entirety by this cautionary
statement, and District Copper disclaims any obligation to revise or update any such forward-looking
information or to publicly announce the result of any revisions to any of the forward-looking information
contained herein to reflect future results, events or developments, except as required by law.
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