VANCOUVER, BC, March 31, 2022 /CNW/ – CopperCorp Resources Inc. (TSXV: CPER) (OTCPK: CPCPF) (“CopperCorp” or the “Company”) is pleased to announce that its common shares will commence trading today on the OTCQB marketplace under the symbol “CPCPF”. The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol CPER.
The Company expects that the listing on the OTCQB will provide greater visibility and convenience of trading for US investors, resulting in enhanced liquidity and greater reach.
“The listing on OTCQB helps introduce CopperCorp to a larger audience and improve liquidity in the stock, which is an important factor in the Company’s development,” said Stephen Swatton, CEO. “The US market is indispensable for accessing larger pools of capital, and the US listing gives millions of US investors easier access to transact CopperCorp shares.”
The OTCQB Venture Market is for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the Company on www.otcmarkets.com.
CopperCorp is a well-financed mineral exploration company with approximately C$9.8M targeting world class copper-gold discoveries in western Tasmania, Australia. The Company is currently undertaking confirmations and infill drilling and ground exploration programs at the Alpine prospect (our initial target on the larger AMC Project, formerly the Alpine Project) where wide spaced historical drilling delineated IOCG-style mineralization over a 700m strike length. Significant mineralized intercepts from the historical drilling included1:
- AP004: 28.1m @ 1.03 % Cu from 58.7m and 41.25m @ 0.3% Cu from 111.55m
- AP007: 80.0m @ 0.53% Cu from 62.7m
- AP008A: 41.0m @ 0.48% Cu from 29.8m
- AP017: 21.65m @ 0.55% Cu from 225.0m
Western Tasmania is an established mining region located within a low-risk, stable jurisdiction with a long, 150-year exploration and mining history. The region is rich in diverse mineral resources with large-scale multi-generational mines, established infrastructure, local skilled labor, and rail-to-port networks. The region is supplied by 100% renewable energy.
Full information on historical exploration activities and results at the Alpine prospect are included in the Technical Report (NI 43-101) dated 18 April 2021. True widths of historical drill hole intercepts are yet to be determined. Reported intervals are calculated as length weighted intercepts using a 0.3% Cu lower cut-off grade.
The Company’s disclosure of technical or scientific information in this press release was reviewed and approved by Sean Westbrook, VP Exploration for the Company. Mr. Westbrook is a Qualified Person as defined under the terms of National Instrument 43-101.
1Independent Technical Report on EL2/2018 Tasmania Australia. Prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Properties (NI43-101). Effective date: 18 April 2021.
This press release includes “forward-looking statements”, including statements regarding the benefits of OTC listing, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CopperCorp. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE CopperCorp Resources Inc.