World Copper Confirms Two Porphyry Copper Targets at Escalones Project
LC319053-1
NR 21-21 October 5, 2021
World Copper Confirms Two Porphyry Copper Targets at Escalones Project
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ("World Copper" or
the "Company"; TSXV: WCU, OTCQB: WCUFF) announces exploration results from the northern targets
at the Escalones Copper project (“Escalones” or the “Escalones Project”). Over a one-month period in the
first half of 2021, World Copper collected 440 samples from three targets north of the main deposit at
Escalones as part of a rock sampling and mapping program, and the results outline two significant porphyry
copper targets.
Key Points
- Surface sampling program me confirms two copper-porphyry targets and one skarn target to the
northeast of the main Escalones deposit
- The Rio Negro target produced five samples grading over 1% Cu and multiple samples returning
over 0.5% Cu. It is considered a priority porphyry copper target for future drill programmes.
CEO Nolan Peterson commented, “The results from our surface sampling program, carried out earlier this
year at Escalones, confirm that Escalones has the potential for multiple significant copper porphyry deposits
in addition to the main resource . Data from the sampling program will be used in the near future to plan
out the next phases of our exploration at Escalones on the Mancha Amarilla and Northern Targets.”
The Northern Escalones Targets
Geochemical sampling and mapping has now been completed by World Copper on a cluster of three distal
copper targets (the “Northern Targets”), located eight to ten kilometres north of the main Escalones deposit
and within the 162 km 2 Escalones land package. Field work at the Northern Targets confirmed the large
anomalies are intense quartz-sericite, argillic and gossanous alteration of porphyritic and granitic intrusions,
as well as skarn in volcanic and sedimentary units (Figure 1) . The Northern Targets have significant
potential, with surface alteration zones on the same scale as that of the main Escalones deposit. Ridge and
spur character rock sampling at an average spacing of 200m has defined two porphyry centres that are now
considered drill targets. Rio Negro is the primary target, with excellent copper mineralization at surface and
will be the priority for further exploration. The eastern target, Argüelles Este, is larger and more deeply
weathered, and more sampling will be carried out to determine its potential. Sampling of the third target,
Argüelles, was limited, and further work programmes by the Company are expected to follow up on this
work.
Rio Negro Target
The Rio Negro target is a 2 x2km argillic and quartz -sericite alteration zone within dacite/monzonite
porphyries intruding clastic sedimentary rocks. Copper oxide mineralization is most apparent in the centre
of the alteration where multiple samples returned over 5000 ppm (0.5%) copper, with five samples returning
over 1% copper (Figures 2 and 3). This central area covers an area 800x1000m and will be a focus of more
detailed geochemical sampling and mapping this field season.
Argüelles Este Target
World Copper Ltd. 2 October 5, 2021
NR21-21 Continued
#2710-200 Granville
Vancouver, BC, Canada, V6C 1S4
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
The Argüelles Este target is a very large argillic and gossanous alteration zone two kilometres southeast of
Rio Negro. The geochemical anomaly generated by the sampling is roughly three kilometres in diameter.
Sporadic anomalous copper and molybdenum occurs along the western third of the anomaly, where
sandstone and interbedded gypsum horizons are intruded by coarse feldspar-porphyry dikes similar to those
as the main Escalones deposit. Associated anomalous metals suggest a higher level of erosion in a more
deeply weathered system compared with Rio Negro, so more of the lithocap is preserved. A large ( one
kilometre) central area of the anomaly remains to be sampled and mapped.
Argüelles Target
Extensive skarn and calc-silicate alteration form a rugged, high ridge almost three kilometres long at the
Argüelles target. Sampling was restricted to the accessible bases of the ridge, where a few samples on the
west side returned values >1000 ppm Cu with anomalous Mo and Ag. The focus at the Argüelles target is
narrow, high-grade mineralization, and t his target will require more detailed sampling to determine the
significance of the results.
Sampling and Assay Procedures; Quality Control and Quality Assurance
Character rock chips were collected within a 4m diameter circle every 200m along a traverse, mostly along
ridges and spurs when topography allowed, mostly from outcrop but in places from talus beneath
inaccessible outcrops. For quality assurance and control, field blanks were inserted every 20 samples and
field duplicates (resampling at the same location) taken every 20 samples. The 4m character sample field
duplicates have a precision of ±44%. Two georeferenced photos of each sample were taken a nd used to
verify to the extent possible the assay results, sample locations and general geology.
Sample bags were stored in rice sacks, secured with zip ties, and delivered to ALS Patagonia S.A. in
Santiago, Chile. Multi -elements were assayed using the M E-MS61 package, which includes 4- acid
digestion and ICP-MS finish; samples with >10,000ppm copper were re-assayed using method ME-OG62
with an ICP-AES finish. Gold was done by method Au-ICP21, in which a 30g sample is fire -assayed and
finished with ICP-AES.
Readers are cautioned that surface sampling results reported here should be viewed primarily as a
guidance for future exploration drilling. Surface sampling is prone to sampling bias and is not necessarily
a reliable indicator of mineralization at depth
World Copper Ltd. 3 October 5, 2021
NR21-21 Continued
#2710-200 Granville
Vancouver, BC, Canada, V6C 1S4
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
Figure 1: Gridded 4m character rock sampling results over the northern targets. Typical porphyry
deposits have elevated Au-Mo and depressed Zn-Mn over 1km in width.
World Copper Ltd. 4 October 5, 2021
NR21-21 Continued
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Vancouver, BC, Canada, V6C 1S4
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
Figure 2: Clockwise from top: view to the west over the Rio Negro target, Rio Negro sample running
1.34% Cu as chrysocolla and tenorite, Rio Negro copper oxide mineralization in dacite with quartz
vein stockwork.
World Copper Ltd. 5 October 5, 2021
NR21-21 Continued
#2710-200 Granville
Vancouver, BC, Canada, V6C 1S4
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
Figure 3: Thematic Cu map of 4m character rock samples, Rio Negro. The same anomalous samples
have elevated Mo-Au, and depressed Zn-Mn, indicating porphyry-style mineralization.
World Copper Ltd. 6 October 5, 2021
NR21-21 Continued
#2710-200 Granville
Vancouver, BC, Canada, V6C 1S4
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
Qualified Person
John Drobe, P.Geo., a qualified person as defined by NI 43- 101, has reviewed the scientific and technical
information that forms the basis for this news release and has approved the disclosure herein. Mr. Drobe
is not independent of the Company as he is a consultant of World Copper.
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the
exploration and development of its two primary copper porphyry projects, Escalones and Cristal, both
located in Chile. World Copper has laid claim to four copper porphyry targets, one with estimated
resources, significant soluble copper mineralization, and exciting potential to expand the resource base.
The World Copper team has a unique skill in navigating the mining sector within Chile, with some members
having worked in the country for more than 40 years and with discovery success.
Detailed information is available at the Company’s website at www.worldcopperltd.com, and for general
Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.
For further details on the Company readers are referred to the Company's website. To view the Company’s
Canadian regulatory filings, please visit SEDAR.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
“Nolan Peterson”
Nolan Peterson
Chief Executive Officer
For further information, please contact: Henk van Alphen or Michael Pound
Phone: 604-638-3665
E-mail: [email protected]
Media inquiries: Nancy Thompson, Vorticom, Inc.
Phone: 212-532-2208 or 917-371-4053
Investor relations inquiries: John Liviakis,
Liviakis Financial Communications Inc.
415-389-4670
Follow Us:
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Neither 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 news release.
World Copper Ltd. 7 October 5, 2021
NR21-21 Continued
#2710-200 Granville
Vancouver, BC, Canada, V6C 1S4
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward -looking information (collectively,
"forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation,
including the United States Private Securities Lit igation Reform Act of 1995. All statements, other than
statements of historical fact, included herein including, without limitation, statements with respect to future
work program mes involving the Northern Targets, anticipated exploration program results from
exploration activities, the discovery and delineation of mineral deposits/resources/reserves and the
anticipated business plans and timing of future activities of World Copper are forward-looking statements.
Although World Copper believes that such s tatements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward -looking statements are typically identified by words such
as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should ", "would", "will",
"potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their
nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.
In making the forward-looking statements in this news release, World Copper has applied several material
assumptions, including without limitation,, market fundamentals will result in sustained copper demand
and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the
future development of World Copper's Chilean projects in a timely manner, including the Escalones Project
and the Cristal project, the availability of financing on suitable terms for the development, construction
and continued operation of World Copper's projects and its ability to comply with environmental, health
and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of World Copper to differ materially from any future
results, performance or achievements expressed or implied by the forward-looking information. Such risks
and other factors include, among others, operating and technical difficulties in connection with mineral
exploration and development activities, actual results of exploration activities, including on the Escalones
Project and the Cristal project, the estimation or realization of mineral reserves and mineral resources,
the fact that World Copper's interests in the Cristal project and the Escalones exploitation concessions are
options only and there is no guarantee that such interests, if earned, will be certain, the timing and amount
of estimated future production, the costs of production, capital expenditures, the costs and timing of the
development of new deposits, requirements for additional capital, future prices of copper, changes in
general economic conditions, changes in the financial markets and in the demand and market price for
commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the
mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of
development or construction activit ies, risks relating to epidemics or pandemics such as COVID –19,
including the impact of COVID –19 on World Copper's business, financial condition and results of
operations, changes in laws, regulations and policies affecting mining operations, title dispute s, the
inability of World Copper to obtain any necessary permits, consents, approvals or authorizations, the
timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks
related to joint venture operations, and other risks and uncertainties disclosed in World Copper’s
continuous disclosure documents. All of World Copper's Canadian public disclosure filings may be
accessed via www.sedar.com and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. World Copper does not
undertake any obligation to update any of the forward- looking statements in this news release or
incorporated by reference herein, except as otherwise required by law.