'The NBJMAP financial assistance program is just another excellent example of
Trenching Program Specifics:
1. Our exploration team and equipment mobilized in early October, 2022 and commenced active trenching on Priority A areas.
2. Priority A targets include a total of 10 trenches over 3,500 meters. To date, 5 trenches for ~2,500 meters has been completed. Several sites show significant mineralization in Po-Py-Cpy at surface within the Clearwater stratigraphic horizon, the same host horizon as the Chester Deposit.
3. Priority A targets are focused on the northwest areas (Figure A), and Priority B targets will be explored pending the onset of winter or in the spring of 2023.
4. Targets were developed using a combination of geochemical (soils), geophysical surveys (VTEM), and following the favourable Clearwater horizon.
About the
The Chester copper deposit ('Chester') is a volcanogenic massive sulphide ('VMS') resource containing three zones; the
About the
The Company is focused on the prolific
About
Contact:
Director and CEO
Email: simon@canadiancopper.com
E: ir@canadiancopper.com
T: (905)-220-6661
Web: www.canadiancopper.com
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Cautionary and Forward-Looking Statements
This news release includes certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future exploration programs, anticipated content, and commencement in respect of the Company's projects and mineral properties, including the proposed NI 43-101 technical report and timing and content of such technical report, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'will', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, factors discussed under the heading 'Risk Factors' in the Company's prospectus dated
Cautionary Note Regarding Mineral Resource Estimates
Until mineral deposits are actually mined and processed, Mineral Resources must be considered as estimates only. Mineral Resource Estimates that are not Mineral Reserves have not demonstrated economic viability. The estimation of Mineral Resources is inherently uncertain, involves subjective judgement about many relevant factors and may be materially affected by, among other things, environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant risks, uncertainties, contingencies and other factors described in the Company's public disclosure available on SEDAR at www.sedar.com. The quantity and grade of reported 'Inferred' Mineral Resource Estimates are uncertain in nature and there has been insufficient exploration to define 'Inferred' Mineral Resource Estimates as an 'Indicated' or 'Measured' Mineral Resource and it is uncertain if further exploration will result in upgrading 'Inferred' Mineral Resource Estimates to an 'Indicated' or 'Measured' Mineral Resource category. The accuracy of any Mineral Resource Estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource Estimates may have to be re-estimated based on, among other things: (i) fluctuations in mineral prices; (ii) results of drilling, and development; (iii) results of future test mining and other testing; (iv) metallurgical testing and other studies; (v) results of geological and structural modeling including block model design; (vi) proposed mining operations, including dilution; (vii) the evaluation of future mine plans subsequent to the date of any estimates; and (viii) the possible failure to receive required permits, licenses and other approvals. It cannot be assumed that all or any part of a 'inferred' or 'indicated' Mineral Resource Estimate will ever be upgraded to a higher category. The Mineral Resource Estimates disclosed in this news release were reported using CIM Standards in accordance with NI 43-101.
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