CopperBank Retains Alaska Firm DOWL to Initiate Power and Port Infrastructure Study
CSE: CBK FSE: 9CP OTC: CPPKF
FOR IMMEDIATE RELEASE March 7, 2017
(CBK 2017 – NR #04)
CopperBank Retains Alaska Firm DOWL to Initiate Power and Port Infrastructure Study
Anchorage, Alaska - March 7, 2017 - CopperBank Resources Corp. (“CopperBank” or the “Company”)
(CSE:CBK) is pleased to announce that it has secured Alaska engineering firm DOWL to provide initial in-
frastructure planning for an area that is approximately four kilometres down-hill from the Pyramid project
(view map). DOWL will assist CopperBank in developing rough order of magnitude (“ROM”) understand-
ing for several components of conceptual infrastructure. Specifically, these infrastructure components
include potential port site locations, on-site power generating options, and supporting road network.
DOWL is a multi-disciplined consulting firm that has provided civil engineering and related services in
Alaska for more than 50 years, with project expertise in transportation, civil engineering, geo-construc-
tion, environmental, and water resources. DOWL President and Chief Operating Officer, Stewart Osgood,
PE, said, “This is a great opportunity to leverage DOWL’s infrastructure expertise in Alaska. Working at
the very early planning stages of any project is a great fit for DOWL’s depth of project experience, and
clearly demonstrates CopperBank’s commitment to partner with Alaskan firms.”
CopperBank Executive Chairman, Gianni Kovacevic, comments, “We have worked diligently over the past
24 months to comprehend the opportunity in Alaska with the subsurface land holder, The Aleut Corpo-
ration. Three very important components of any copper project of merit are, geology, location and access
to infrastructure. We have established a strong technical team to further assess the geological oppor-
tunity at the still open Pyramid deposit, and the San Diego Bay prospect 7 kilometres to the West. As for
infrastructure, it is never too early in the life of a project to begin to understand how critical components,
namely power and port facilities, would look like and potentially be situated. For these reasons, we are
initiating this cost-effective study with DOWL so that all of our stakeholders, especially our local partners,
can obtain a better understanding of the infrastructure options in this area.”
The Pyramid Deposit
The Pyramid project area is located on the 55th parallel, adjacent to ice-free all year deep tide water,
twenty-five kilometres from the town of Sand Point on the Alaska Peninsula. The Pyramid deposit is an
early stage copper-molybdenum-gold exploration project that is 100% controlled by CopperBank, situated
on private property with subsurface controlled by The Aleut Corporation, an Alaska Native Corporation.
Applying a 0.4% copper cut-off, Pyramid has a NI 43-101 Resource Estimate with inferred mineral re-
sources of 122 million tonnes at 0.41% copper, 0.02% molybdenum, and 0.10 g/t gold (SRK, July 2013).
The Pyramid deposit is still open in most directions and to depth. The current focus of CopperBank’s tech-
nical team is to establish scenarios for cost-effective diamond drilling programs that provide the greatest
impact to potentially expand known resources. Of particular interest is the area around diamond drill
hole PY11-16 that returned 155 meters of 0.71% Copper, 0.18 g/t gold and 0.018% Molybdenum (0.97%
Cu Eq.) - bottoming in 34 meters of 0.844% Copper.
For more information on CopperBank Resources or DOWL visit their respective websites at
www.copperbankcorp.com or www.dowl.com. Robert McLeod, P.Geo and Qualified Person is responsible
for the technical information in this press release as defined by National Instrument 43-101.
On behalf of CopperBank Resources Corp.
“Gianni Kovacevic”
Executive Chairman
Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Tel: 604-889-0852
E-mail: [email protected]
Website: www.copperbankcorp.com
Certain information in this release may constitute “forward-looking information” under applicable securities laws and
necessarily involve risks and uncertainties. Forward-looking information included herein is made as of the date of this
news release and CopperBank does not intend, and does not assume any obligation, to update forward-looking infor-
mation unless required by applicable securities laws. Forward-looking information relates to future events or future
performance and reflects management of CopperBank’s expectations or beliefs regarding future events. In certain
cases, forward-looking information can be identified by the use of words such as “plans”, or “believes”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be
taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. Examples of forward-looking
information in this news release include, but are not limited to, statements with respect to the Company’s ongoing
review of its existing portfolio, the involvement of CopperBank in any potential divestiture, spin-out, partnership or other
transactions involving the Company’s portfolio assets, and the ability of the Company to complete any such transac-
tions, the ability of CopperBank to enter into transactions that will ultimately enhance shareholder value, and the antic-
ipated issuance of one million shares in connection with the satisfaction of certain loans between CopperBank and
management. This forward-looking information is based, in part, on assumptions and factors that may change or prove
to be incorrect, thus causing actual results, performance or achievements to be materially different from those ex-
pressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to the
Company’s ability to identify and complete one or more transactions involving the Company’s portfolio assets that
enhance shareholder value as part of management’s ongoing review of strategic alternatives in the current market
conditions. By its very nature, forward-looking information involves known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by forward-looking information. Such factors include, but
are not limited to, the risk that the Company will not be able to identify and complete one or more transactions involving
the Company’s portfolio assets that enhance shareholder value as part of management’s ongoing review of strategic
alternatives in the current market conditions. Although CopperBank has attempted to identify important factors that
could cause actual actions, events or results to differ materially from forward-looking information, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance
that forward-looking information will prove to be accurate, as actual results and future events could differ materially
from those anticipated by such forward-looking information. Accordingly, readers should not place undue reliance on
forward-looking information. For more information on CopperBank and the risks and challenges of its businesses, in-
vestors should review the continuous disclosure filings that are available under CopperBank’s profile at
www.sedar.com.