World Copper Provides Exploration Update
NR 21-06 March 2, 2021
World Copper Provides Exploration Update
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copp er Ltd. (“ World Copper”) -
(TSX.V: WCU) announces an exploration update of its Chilean exp loration activities on the Escalones
property (“Escalones”) and an update on the focus of the Company moving forward into 2021.
Company Focus for 2021
Recent studies indicate that the shallow copper-oxide mineraliz ation at Escalones could be amenable to
heap leach processing, which would result in lower operating co sts as well as significantly lower capital
costs. The sulphide copper mineralization (see NR 21-04 for res ource estimate details) at Escalones is
partially to completely replaced and enriched from surface to d epths of approximately 300m from surface
by secondary copper oxides, sulphates and carbonates, resulting in higher grades at shallower depths. The
evaluation of soluble copper potential is based on a database r eview of core photos, assays and core logs,
and supported by alm ost 1200 sequential copper leach tests, rep resenting 2040 metres of core, or roughly
16% of all oxidized intervals. Bottle roll leach tests will be undertaken to confirm the preliminary findings.
Roughly two-thirds of the pit-constrained estimated resource is within the oxidized enrichment zone. Once
the metallurgical tests are complete, an estimate of soluble copper resources will be carried out.
The unexplored Mancha Amarilla lithocap (“Mancha Amarilla”) extends one kilometre south from the main
Escalones deposit. Evidence indicates this southern half of the Escalones alteration system is also deeply
oxidized and could contain significant soluble copper mineralization.
The focus of the Company during 2021 will be to further examine this new opportunity by surface sampling
and mapping of the Mancha Amarilla target, followed by drill testing later this year.
The Northern Escalones Porphyry Copper Targets
The Company also reports that, despite the challenges of COVID- 19 protocols in Chile, a geochemical
sampling and mapping crew has been mobilized to evaluate the cl uster of three distal porphyry copper
targets (“Northern Targets”), located eight to ten kilometres t o the north of Escalones and within the 162
km2 Escalones land package. These Northern Targets suggest signifi cant potential, with surface alteration
zones on the same scale as that of Escalones. The ongoing focus of this exploration will be to sample, map
and conduct geophysics on the three anomalies in order to optim ize drill targets. Preliminary results from
initial efforts at the Rio Negro target indicate widespread por phyry-copper style alteration and
mineralization.
Results of this current exploration program will be released as information becomes available.
World Copper Ltd. 2 March 2, 2021
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#2300‐1177 West Hastings Street
Vancouver, BC, Canada, V6E 2K3
T: 604‐638‐3287 / F: 604‐408‐7499
www.worldcopperltd.com
Clockwise from top: Panoramic view to the south over the three northern targets, Rio Negro
subcrop with chrysocolla and tenorite, Rio Negro copper oxide mineralization in dacite with
quartz vein stockwork.
Cristal Project
The Company continues to evaluate its Cristal porphyry copper p roject (“Cristal”) located in the north of
the country near the Peruvian border. Cristal is covered by younger post-mineral volcanics and occurs along
the West Fissure fault system wher e the structure changes direc tion from N-S to NW-SE as it continues
into southern Peru. The West Fissure or Domeyko fault system co ntains the majority of Chile’s mega-
copper mines including Escondida and Chuquicamata, among others . Geophysics over the buried Cristal
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#2300‐1177 West Hastings Street
Vancouver, BC, Canada, V6E 2K3
T: 604‐638‐3287 / F: 604‐408‐7499
www.worldcopperltd.com
target has indicated the presence of an anomalous magnetic low ‘donut’ and a strong magnetic inversion
anomaly, characteristics of many of the world’s largest porphyries. It is noteworthy to mention that Cristal
is surrounded by most of the major international copper mining companies, including BHP, RTZ, Anglo
American and AMSA (Antofagasta Minerals).
“Cristal is one of the most promising as-yet undrilled porphyry copper targets in the country.” stated Patrick
Burns, President of World Copper.
In summary, World Copper now controls five significant porphyry copper targets in Chile, including
Escalones with its historic resource base and newly identified soluble copper potential. The recent increase
in the copper price could be a potential game changer for World Copper.
“This is our first operations press release since going public and we have hit the ground running. Our team
is currently on-site expanding our knowledge of the Escalones a sset in preparation for drilling later this
year. Copper as an asset class has a significant tailwind as in vestors are increasingly aware of the looming
global supply deficits. As the world ramps up from the COVID-19 situation of last year, demand for copper
is set to hit new heights. On the capital markets, our Company has got off to a great start, with over one
million shares on average trading per day. This liquidity shows the investor interest in World Copper and
the opportunity our Company represents.” stated Henk van Alphen, CEO of World Copper.
Red Cloud Pre-PDAC Presentation
Additionally, the Company announces that it will be participating at the Red Cloud Pre-PDAC Mining
Showcase. World Copper CEO Henk van Alphen will be presenting on Wednesday, March 3rd 2021 at
10am PST / 1pm EST. An overview of the focus for 2021 and additional updates on the progress of the
Company will be reviewed, with time for a Q&A at the end.
Interested parties and shareholders of the Company are encourag ed to sign up for the presentation here:
Presentation Registration.
Additional and more detailed in formation is available on the Co mpany’s website and social media pages
listed below.
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 Canadia n resource company focused the
exploration and development of its two primary copper porphyry projects, Escalones and Cristal, both
located in Chile. World Copper has laid claim to five copper porphyry targets, one with estimated resources,
significant soluble copper mineralization, and exciting potential to expand the resource base.
The Escalones porphyry-skarn copper-gold project has estimated resources of 185 million tonnes of 0.33%
copper (0.37% CuEq) Indicated and 254 million tonnes of 0.39% copper (0.43% CuEq) Inferred, based on
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#2300‐1177 West Hastings Street
Vancouver, BC, Canada, V6E 2K3
T: 604‐638‐3287 / F: 604‐408‐7499
www.worldcopperltd.com
nearly 25,000m of drill core from 53 holes. In addition, three significant hydrothermal alteration zones,
each measuring between 2,000m and 3,000m in diameter, lie 8-10km to the north of the main discovery.
Mineral resources are not mineral reserves and do not have demo nstrated economic viability as there is no
certainty that all or any part of the resources will be convert ed into reserves. Inferred resources are that
part of a mineral resource for which quantity and grade or qual ity are estimated on the basis of limited
geological evidence and sampling. It is reasonably expected that the inferred resources could be upgraded
to indicated resources with continued exploration.
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.
The Company recently applied for its common shares to trade on the OTCQB® Venture Market
(“OTCQB”), a US trading platform operated by the OTC Markets Group in New York. The Company will
provide further information once its common shares commence trading.
Detailed information is availabl e 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.
"Hendrik van Alphen"
Hendrik van Alphen
Chief Executive Officer
For further information, please contact:
Henk van Alphen or Michael Pound
Phone: 604-638-3665
E-mail: [email protected]
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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statemen ts 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 Litigati on Reform Act of 1995. All statements, other than
statements of historical fact, included herein incl uding, without limitation, statements with respect to
anticipated exploration program results from explo ration 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 statements are
reasonable, it can give no assurance that such expect ations will prove to be correct. Forward-looking
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#2300‐1177 West Hastings Street
Vancouver, BC, Canada, V6E 2K3
T: 604‐638‐3287 / F: 604‐408‐7499
www.worldcopperltd.com
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 nat ure, 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 ma terial assumptions, including without limitation,,
market fundamentals will result in sustained copper de mand and prices, the receipt of any necessary
permits, licenses and regulatory approvals in connecti on with the future development of World Copper's
Chilean projects in a timely manner, including th e Escalones Project and the Cristal Project, the
availability of financing on suitable terms for the development, construction a nd 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 expend itures, 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 financia l 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 activities, risks relatin g to epidemics or pandemics such as COVID–19,
including the impact of COVID–19 on World Copp er's business, financial condition and results of
operations, changes in laws, regula tions and policies affecting mini ng operations, title disputes, the
inability of World Copper to obtain any necessary p ermits, consents, approvals or authorizations, the
timing and possible outcome of any pending litigat ion, environmental issues and liabilities, and risks
related to joint venture operations , and other risks and uncertainti es 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 read ers are urged to review these materi als, including the Escalones
Technical Report and the technical report on the Cristal Project, when filed.
Readers are cautioned not to place undue reliance on forward-looking statements. World Copper does not
undertake any obligation to update any of the forwar d-looking statements in this news release or
incorporated by reference herein, except as otherwise required by law.