Copper Mountain announces Cameron Copper Project drill results

Highlights

C6 Target

• Hole QMR018: 39 m of 0.5% copper (Cu) and 0.13 g/t gold (Au).
• Hole QMR021: 28 m of 0.58% Cu and 0.03 g/t Au.
• Hole QMR022: 80 m of 0.44% Cu and 0.02 g/t Au.
• Hole QMR023: 91 m of 0.25% Cu and 0.02 g/t Au.
• Hole QMR025: 135 m of 0.37% Cu and 0.03 g/t Au.
• Hole QMR026: 40 m of 0.36% Cu and 0.02 g/t Au.
• Hole QMR027: 29 m of 0.45% Cu and 0.04 g/t Au.

C1 Target

• Hole CPR660: 11 m of 1.35% Cu and 0.74 g/t Au.
• Hole CPR661: 30 m of 0.64% Cu and 0.25 g/t Au.
• Hole CPR667: 25 m of 0.73% Cu and 0.13 g/t Au.
• Hole CPR670: 84 m of 0.56% Cu and 0.97 g/t Au.
• Hole CPR671: 36 m of 0.57% Cu and 0.28 g/t Au.
• Hole CPR673 returned 20 m of 0.32% Cu and 1.13g/t Au.

C2 Target

• Hole RED010 returned 95 m 0.3% Cu and 0.04 g/t Au.
  • Includes: 8 m of 0.78% Cu and 0.12 g/t Au.
  • Includes: 11 m of 0.45% Cu and 0.05 g/t Au.
• Hole RED011: 123 m of 0.24% Cu and 0.01 g/t Au.
• Hole RED013: 79 m of 0.25% Cu and 0.01 g/t Au and 51 m of 0.41% Cu and 0.01 g/t Au.
• Hole RED020: 139 m of 0.22% Cu and 0.01 g/t Au.

“These results are very promising and validate these priority targets,” commented Gil Clausen, Copper Mountain’s President and CEO. “They indicate that there is a potential for a larger mineralised system. This was an initial exploratory drill programme to test the geophysical and geochemistry work done to date. These mineralised zones show more continuity with increased drilling. The drilled zones remain open to expansion, and there are numerous targets yet to be drill tested. More drilling is required, and we plan on putting a systematic programme in place to develop these targets with additional drilling this year and into 2022. The current results confirm our belief that there is potential for discovery of copper resources.”