World Copper Ltd (TSXV, OTCQB :WCUFF), announced that it received approval from the Regional Environmental Committee (REC) for a 5,000-meter (mi) diamond drilling programme at its 100%-owned Escalones project.
According to the company, it has already mobilized to the Escalones drilling sites and plans to begin drilling in the coming days.
Nolan Peterson, World Copper CEO and founder, stated in a statement that the company expected to publish the initial drilling results by the second half 2022. The company will also provide updates as it mobilizes its team on site and begins drilling.
READ:World Copper announces Escalones’ preliminary economic assessment, demonstrating its potential to be a compelling South American asset in copper.
Peterson stated that the company has begun an infill sampling programme on Rio Negro and Argelles Est as well as exploration of eastern extensions to East Skarn. The work is expected be completed in 1Q2022.
World Copper stated that the newly acquired geological information will enable the company to continue developing its project and update the Preliminary Economic Assessment (PEA) published recently.
It stated that the main Escalones Deposit remains open to expansion laterally, to the south, south, and west. Only about half the alteration zones have been drilled to date.
World Copper is a Canadian resource company based in Vancouver, British Columbia. It focuses on the exploration and development its copper porphyry project: Escalones in Chile and Cristal in Arizona. Two of these projects have significant soluble copper mineralization and there are at most two other copper porphyry targets that offer exciting potential to increase the resource base.
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