Update and Grants Incentive Stock Options Vancouver, British Columbia--(Newsfile Corp. - January 31, 2022) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) ("World Copper" or the "Company"), announces that Mr. Nolan Peterson has been appointed the duties and title of President in addition to his current role as Chief Executive Officer.
Mr. Patrick Burn resigned as President as of January 31, 2022 and will remain as a member of World Copper's Board of Directors.
Henk van Alphen, World Copper's Chairman stated, "Since his appointment as CEO in April 2021 shareholders should be pleased with the Company's performance and Mr. Peterson has set the Company on a trajectory for even greater future successes. The Board has consolidated the roles of CEO and President in recognition of our full confidence in Mr. Peterson's ability to articulate and advance the Company's strategic vision. We thank Mr. Burns for his service as President and he will remain a valuable member of our Board."
PRESENTATION AT THE LONDON SOUTHEAST LIVE WEBINAR
President and CEO, Nolan Peterson will be presenting at the London Southeast Live Webinar on Tuesday, February 8, 2022. London South East hosts some of the UK's largest webinars. Join four CEOs, and a substantial investor audience for this event.
Register at:
https://us02web.zoom.us/webinar/register/8716431930253/WN_ZJVzMqdWTgWYBetrouIuFg
Nolan Peterson will be presenting for World Copper at 11:30 PST (2:30 EST/7:30GMT). The full webinar will start at 10:00 PST (1:00 EST/6:00GMT).
PRESENTATION AT TH GCFF VIRTUAL CONFERENCE
President and CEO, Nolan Peterson will be presenting at the GCFF Virtual Conference 2022 - Base Metals & Energy Metals Day; a free online event to be held on Wednesday, February 9, 2022. Featuring some of the most promising mineral exploration companies in the market today, the event is expecting over 400 English and Chinese speaking live attendees.
Register at:
https://gcff-2022-feb-9.eventbrite.ca/?aff=WCU.
Nolan Peterson's presentation starts at 10:55am PST (1:55pm EST).
GRANT OF INCENTIVE STOCK OPTIONS
Pursuant to the Company's 2021 incentive stock option plan, the Company has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to 4,585,000 common shares in the capital stock of the Company. The options are exercisable on or before February 1, 2024 at a price of $0.91 per share.
ENGAGEMENT OF LAKEFRONT MEDIA SERVICES
The Company announces that it has engaged Lakefront Media Services to provide marketing and investor outreach services as of January 31, 2022. Lakefront will be compensated $85,000 for a term of 1 - year.
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and there are at least two other copper porphyry targets with exciting potential to expand the resource base.
About Escalones
The Escalones porphyry-skarn copper-gold project has estimated inferred resources of 426 million tonnes of 0.367% total copper within the oxidized zone, based on nearly 25,000m of drill core from 53 holes. The 3.45 billion pounds of copper should be amenable to heap leaching with an average recovery of 71%. The Company is focused on exploring the Mancha Amarilla target immediately to the south of the existing resource. 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 demonstrated economic viability as there is no certainty that all or any part of the resources will be converted into reserves. Inferred resources are that part of a mineral resource for which quantity and grade or quality 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.
About Zonia
The Zonia project is in Yavapai County, Arizona, and consists of 261 mineral claims and additional surface rights, all totaling 4,279.55 acres. It is a near-surface, copper-oxide resource and a brownfields site having already been mined in the late 1960s and '70s. The Project is at the PEA level and has been significantly de-risked with over 50,000 metres of drilling completed to date and with substantial amounts of detailed engineering completed. Further details can be found here.
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.
WORLD COPPER LTD.
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