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 are now eligible for
electronic clearing and settlement through Depository Trust Company
(DTC).
DTC is a subsidiary of Depository Trust & Clearing Corp., a
United States company that manages
the electronic clearing and settlement of securities for publicly
traded companies in the United
States. Securities that are eligible to be electronically
cleared and settled through DTC are DTC eligible. DTC eligibility
is expected to simplify the process of trading and enhance the
liquidity of the Company's common shares in the United States because of the accelerated
settlement period and the expected reduction in costs for investors
and brokers.
"We are pleased that we have been approved for electronic
clearing and settlement to simplify the process of investing in
CopperCorp for investors and believe that having DTC eligibility
will encourage new investors at this exciting stage of our
company," commented Stephen Swatton,
CEO of CopperCorp.
DTC eligibility also enables new investors that may have been
previously restricted from trading common shares to begin trading
and simplifies the process of trading common shares in the United States.
About CopperCorp
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 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 intercepts from
the historical drilling included:
- AP004: 38.2m @ 0.8 % Cu
from 58.7m, including 22.25m @ 1.24% Cu from 64.65m; and 41.8m @
0.3% Cu from 111.0m
- AP007: 86.0m @ 0.5% Cu from
62.0m
- AP017: 24.65m @ 0.52% Cu from
222.0m
- AP013: 100.4m @ 0.27% Cu from
204.6m
[these have been
calculated using a 0.1% Cu cut-off]
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.
Quality Assurance / Quality Control
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.
Qualified Person
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.
Additional information about CopperCorp can be found on its
website: www.coppercorpinc.com and at
www.sedar.com.
This press release includes "forward-looking statements",
including statements regarding the benefits of DTC eligibility,
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.