World Copper Grants Incentive Stock Options

Vancouver, British Columbia–(Newsfile Corp. – Aug. 19, 2022) – World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) (“copper of the world“or the”Company“) reports that under the Company’s stock option plan, the Company has granted stock options to directors, officers, employees and consultants of the Company to purchase up to 5,000,000 common shares of the capital stock of the Company The options are exercisable no later than August 19, 2025 at a price of $0.31 per share.

ABOUT WORLD COPPER LTD.

World Copper Ltd., headquartered in Vancouver, British Columbia, is a Canadian resource company focused on the exploration and development of its advanced copper porphyry projects (PEA stage): Escalones in Chile and Zonia in Arizona. These projects have estimated resources with significant soluble (potentially heap leachable) copper mineralization. In addition, each project has peripheral copper porphyry exploration targets with attractive potential to expand established resources. World Copper is a small, dynamic resource company focused on advancing mining and exploration projects and controls significant copper oxide resources in proven mining jurisdictions.

The World Copper team has a unique skill set in navigating the mining sector in Chile, with some members having worked in the country for over 40 years and with discovery success.

About Escalones

The Escalones porphyry skarn copper-gold project has estimated inferred resources of 426 million tonnes of 0.367% total copper in the oxide zone, based on nearly 25,000 m of drill core from 53 holes . The 3.45 billion pounds of copper should be suitable for heap leaching with an average recovery of 71%. The Company is focused on exploring the Mancha Amarilla target immediately south of the existing resource. In addition, three major hydrothermal alteration zones, each measuring between 2,000 m and 3,000 m in diameter, lie 8-10 km 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 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 based on limited geological evidence and sampling. It is reasonable to expect that inferred resources can be upgraded to indicated resources with continued exploration.

About Zonia

The Zonia Project is located in Yavapai County, Arizona and consists of 261 mining claims and additional surface rights, totaling 4,279.55 acres. It is a near-surface copper oxide resource and brownfield that was previously mined in the late 1960s and 1970s. The project is at PEA level and has been significantly scaled down with over 50,000 meters 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 set in navigating the mining sector in Chile, with some members having worked in the country for over 40 years and with discovery success.

On behalf of the Board of Directors of

WORLD COPPER LTD.

Nolan Peterson

Nolan Peterson
Chief executive officer

For more information or to schedule a Zoom meeting with management, please contact:
Nolan Peterson or Michael Pound
Phone: 604-638-3287
Email: [email protected]

For any investor relations enquiries, please contact:
John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670

For all public relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053

Follow us:

Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, that Cardero shareholders will approve the Arrangement, that Cardero will succeed in obtaining the final order, the date of expected completion of the Arrangement, the expected results of the exploration program of exploration activities, the discovery and delineation of mineral deposits/resources/reserves as well as the anticipated business plans and timing of future activities of the Company are forward-looking statements. Although the Company believes these statements to be reasonable, it cannot guarantee that these expectations will prove to be correct. Forward-looking statements are generally identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “should”, “”, “potential”, “expected” or variations of these words and similar phrases and expressions, which by their nature refer to future events or results which may, might, might or will occur. occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several important assumptions, including, without limitation, that Cardero and the Company will receive all necessary approvals for the Arrangement, market fundamentals will drive sustained copper demand and prices, the receipt of all necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Chilean projects in a timely manner, including the Escalo project nes and the Cristal project, the availability of financing on appropriate terms for the development, construction and continued operation of the Company’s projects and its ability to comply with environmental, health and safety laws .

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the information. prospective. These risks and other factors include, among others, additional capital requirements, operational and technical difficulties associated with exploration and mining development activities, actual results of exploration activities, including on the Escalones Project and the Cristal, the estimation or realization of mineral reserves and resources, the fact that the Company’s interests in the Cristal project and the Escalones exploitation concessions are only options and that there is no guarantee that such interest, if earned, will be certain, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of development of new fields, capital requirements additional costs, future copper prices, changes in general economic conditions, changes in financial markets and in the market demand and price of commodities, lack of investor interest in future funding, accidents, labor disputes and other mining industry risks, delays in obtaining government approvals (including from the TSX Venture Exchange), permits or financing or in carrying out development or construction activities, risks related to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the business, financial condition and results of the Company’s operations, changes in laws, regulations and policies affecting mining operations, title disputes, the Company’s failure to obtain necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks relating to joint venture operations, and other risks and uncertainties disclosed in the company’s continuous disclosure documents. All of the Company’s Canadian public filings are available through www.sedar.com and readers are encouraged to consult such filings.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements contained in this press release or incorporated by reference herein, except as otherwise required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134380

About Catriona

Check Also

Considerations for Margin Protection Insurance Policies

Kent Thiesse | Farm Management Analyst A relatively new crop insurance option that has been …