- The Copper Keg Project initially included 11 claims covering an area of 1329 hectares
- Two additional claims bring the total area of the property to 1759 ha
- District Copper is now moving ahead with plans for an initial exploration program
- The acquisition of the Copper Keg project provides the company exposure to an early-stage copper exploration project with excellent infrastructure
- District Copper is a Canadian based company engaged in the exploration and acquisition of precious and base metal projects in Canada
- District Copper Corp. (DCOP) is unchanged, trading at $0.035 per share at 10:30 am ET
District Copper Corp. (DCOP) has provided an update on the progress of the Copper Keg Project, located in the Kamloops Mining District.
The acquisition included 11 claims covering an area of 1329 hectares. District Copper has since acquired two additional claims bringing the total area of the property to 1759 ha.
The company is now moving ahead with plans for an initial exploration program.
A geological crew will be mobilized to the property in early May to complete prospecting and mapping coverage of the entire claim block.
This will be followed by a deep penetrating Induced Polarization (IP) survey. A Notice of Work for this survey has been filed with the BC Ministry of Energy, Mines and Petroleum Resources for the IP program.
District Copper President & CEO, Jevin Werbes comments,
“Adding to our land package on this highly prospective property substantially improves our coverage of the target area. The upcoming field program is designed to expedite a thorough assessment of the potential of the property.”
District Copper can acquire a 100% right, title and interest in the property for an aggregate payment of C$105,000, the issuance of 7,500,000 fully paid and non-assessable shares and expenditures of no less than $200,000 on the property.
District Copper is a Canadian company engaged in the exploration of porphyry-style copper deposits in British Columbia.
The acquisition of the Copper Keg project provides the company exposure to an early-stage copper exploration project with excellent infrastructure.
District Copper is a Canadian based company engaged in the exploration and acquisition of precious and base metal projects in Canada.
District Copper Corp. (DCOP) is unchanged, trading at $0.035 per share at 10:30 am ET.