Western Metallica Reports Results from the 1st Phase Drill Program at Its Nueva Celti Copper Project
WESTERN METALLICA REPORTS RESULTS FROM THE 1st PHASE
DRILL PROGRAM AT ITS NUEVA CELTI COPPER PROJECT
TORONTO, ONTARIO – July 11, 2023 – Western Metallica Resources Corp. (TSXV: WMS )
(“Western Metallica” or the “Company”) is pleased to report that it has finalized a first phase drill
program which included four drill holes for a cumulative ~1,500 metres of drilling completing half
of the planned two-phase, ~3,000-metre drill program aimed at investigating the mineralization at
depth below mine levels, as well as the northern and southern extensions (refer to press release
dated May 11, 2023). Results of first phase o f drilling include 7.40 metres at 0.6% Cu in
NCDDH003, 1.65 metres at 1.7% Cu and 5.95 metres at 0.7% Cu in NCDDH004, among
previously reported results from the first two holes, NCDD001 and NCDD002 . Moreover, these
results prove the on -strike continuity of the mineralization for ~300 metres, thus far, and
intersected multiple intervals of significant copper mineralization in massive sulphides. Results of
all four holes are meaningful as they equally indicate intersections of copper sulfide
mineralization, over multiple intervals, predicting a broader high-grade copper mineralized trend
and substantiating the vast historic data which positions Nueva Celti as a highly prolific copper
project.
The results of the first phase confirmed the presence of the mineralized zones previously reported
by the ‘Asturian de Zinc’, Glencore drilling program, and predict a high-grade copper mineralized
trend. The mineralization is mainly represented by a “semi-massive”, >50% assemblage of pyrite,
chalcopyrite and magnetite and ~2.3% disseminated ~chalcopyrite, defining strata bound -like
bodies generally hosted by the mica-schists unit s. The control on the early -Cambrian
mineralization is typical of the Cu -Zn-Pb occurrences on the Northern Central Belt (NCB) of the
Ossa Morena geological province, with copper-sulfides mainly coinciding with layers of muscovite
and biotite -schists, locally fragmental (meta -volcaniclastics) within an amphibolite unit (meta -
volcanics).
There remains vast potential for further discovery as the first phase program only investigated the
known mineralization ~100 metr es below the deepe st historical mine level and has also
intercepted other mineralized zones closer to surface and at depth, not indicated by previous
historic exploration/exploitation (refer to Figure 1).
HOLE From m To m Width (m) Cu % Zn % Pb % Ag g/t Au g/t
NCDD001
149.97 151.53 1.56 1.9 0.9 0.1 23.0 0.5
165.55 170.42 4.87 1.8 1.1 0.2 18.2 0.6
191.95 196.50 4.55 2.6 - - 10.6 0.5
228.65 235.03 6.38 1.1 0.3 - 7.3 0.3
280.10 289.70 9.60 0.9 0.2 - 6.7 0.3
417.75 420.10 2.35 0.8 0.5 0.2 12.1 0.4
HOLE From m To m Width (m) Cu % Zn % Pb % Ag g/t Au g/t
NCDD002
198.35 212.00 13.65 0.4 - - 3.2 -
219.75 245.80 26.05 1.5 1.8 0.4 27.6 0.7
290.65 299.00 8.35 1.0 1.2 0.2 17.1 0.6
NCDD003 186.70 194.10 7.40 0.6 0.2 - 5.7 0.2
NCDD004
180.65 182.30 1.65 1.7 5.1 1.7 30.8 0.5
265.20 269.95 4.75 0.4 - - 1.2 -
295.50 301.45 5.95 0.7 1.1 - 7.2 0.6
307.30 312.05 4.75 0.4 0.1 - 3.1 0.2
Table 1: Significant Results from the first phase of drilling on the Nueva Celti Project
Figure 1: Nueva Celti stacked EW (looking North) cross sections containing the holes for the finalized first phase of
drilling, including the position of the mine levels also shown.
HOLE Phase Easting Northing Elevation Az DIP Planned
Depth (m)
Final
Depth (m)
NCDD001 1 293716 4176850 103.00 265 -55 450 448.80
NCDD002 1 293726 4176956 87.21 265 -50 400 399.50
NCDD003 1 293712 4177064 92.12 265 -50 300 337.20
NCDD004 1 293740 4176821 100.32 265 -45 340 332.10
2 293696 4177103 91 265 -50 300
HOLE Phase Easting Northing Elevation Az DIP Planned
Depth (m)
Final
Depth (m)
2 293739 4177029 86 265 -45 315
2 293624 4176628 88 265 -50 200
2 293720 4176899 95 265 -45 325
2 293740 4176821 100 245 -45 340
Total metres 1st phase 1,805 1,517.60
Total metres 2nd phase 1,515
Table 2: Nueva Celti Project Drill Program Schedule
Gregory Duras, CEO and Director of Western Metallica Resources commented, "Western
Metallica’s exploration team are encouraged by the first phase drill program results that imply the
continuity of the sulphide trend on strike and at depth and confirm the presence of higher -grade
copper mineralized zones within the broader resource envelope , which furthermore includes
credits of Zn, Pb, Au and Ag, as well as the potential northern extension delineated by NCDD003.
Considering that this is only a modest 100 metres extension to the mine levels, the potential at
depth remains unknown and highly prospective given the intervals historically reported, which
were, to a certain extent, validated throughout Phase 1 of this drill program.”
Drill hole NCDD003, sited on the most northern section drilled to date (refer to both Figure 1 and
Figure 2), proved that the historical mining ended in correspondence with the Peñaflor normal
fault system that seems to have lowered a northern block for ~100 metres giving the potential for
the mineralization to extend north below the Miocene marlstone and calcarenites.
Following this deduction, Western Metallica intends to execute a 30 -kilometer ground mag ,
coupled with 300 gravimetric measurements , programs which are aimed at testing the possible
continuity of the mineralization toward north and the possible repetition of the same mineralization
style to the east.
New Opportunities
In parallel to conducting a geophysics program at the Nueva Celti Copper Project, the Company
is evaluating other prospective projects for acquisition in new jurisdictions , leveraging the
Company’s strong cash position during an opportunistic period in the market , and delineating
assets of interest that would further strengthen its portfolio of gold and polymetallic projects.
Figure 2: Nueva Celti drilling platform locations and extent of the planned geophysical acquisition program
Quality Assurance and Quality Control
Sample preparation and analyses will be conducted according to standard industry procedures.
Drill core samples are crushed, split and pulverized prior to analysis of Gold by fire assay and
Atomic Absorption and multi -elements by ICP -AES after four acid digestion. Analytical
performance is monitored by means of certified reference materials (CRMs), coarse blanks,
coarse and pulp duplicate samples. Samples have been prepared in ALS Chemex preparation
lab in Seville, Spain and analyses have been completed in ALS Rosia Montana, Alba, Romania
(Fire Assays) and LAS Loughrea, Galway, Ireland (ICP).
Qualified Person
The technical and scientific information in this press release has been reviewed and approved by
Mr. Giovanni Funaioli, Eur.Geol., Vice President Exploration of Western Metallica, who is a
“Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral
Projects. Mr. Giovanni Funaioli is an employee of the Company and is not considered
independent under NI 43-101.
About Western Metallica Resources Corp.
Western Metallica is a Ontario company with its head office in Toronto, Ontario, trading on the
TSX Venture Exchange (TSXV) under symbol WMS. Western Metallica is in the business of
mineral resource exploration and development, its principal asset is its 100% owned Nueva Celti
Copper Property in the Ossa Morena belt in Andalu sia, Spain . Western Metallica also h olds
interests in three other Spanish gold projects in the “Navelgas Gold Belt” in Asturias , Spain
(Penedela, Valledor and Sierra Alta).
Further information of the Company can be found at: www.westernmetallica.com
For more information please contact:
Western Metallica Resources Corp.
Gregory Duras
Chief Executive Officer
Email: [email protected]
Investor Relations
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
The TSXV has neither approved nor disapproved the contents of this press release. 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 press release.
This press release contains statements that constitute “forward -statements.” Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may
cause the Company’s actual results, performance or achievements, or developments to differ
materially from the anticipated results, performance or achievements expressed or implied by
such forward-looking statements.
Although the Company believes, in light of the experience of its officers and directors, current
conditions and expected future developments and other factors that have been considered
appropriate that the expectations reflected in this forward -looking information are reasonable,
undue reliance should not be placed on them because the Company can give no assurance that
they will prove to be correct. When used in this press release, the words “estimate”, “project”,
“belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and t he negative of
these words or such variations thereon or comparable terminology are intended to identify
forward-looking statements and information. The forward -looking statements and information in
this press release include information relating to the pl anned drill program and the development
of the Project and other mining projects and prospects thereof. Such statements and information
reflect the current view of the Company. Risks and uncertainties that may cause actual results to
differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed
or implied by such forward-looking statements.
The forward-looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking information and should not
rely upon this information as of any other date. The Company undertakes no obligation to update
these forward-looking statements in the event that management’s beliefs, estimates or opinions,
or other factors, should change.