Coppernico Commences Field Exploration at Nioc and Antapampa Targets at Sombrero

The most recent news release from Coppernico Metals Inc., dated 2025-11-17, announced the commencement of a comprehensive field exploration program at its Nioc and Antapampa targets within the Sombrero Project in Peru. The program includes soil geochemistry, channel sampling, geological mapping, and rock sampling, all aimed at refining targets for future drilling campaigns.

The company highlighted "exceptional surface mineralization" at the Nioc target, comparable to Fierrazo, noting that recent rock and channel sampling (which, upon review, refers to results previously announced on 2025-09-04) showcased wide areas of 1% copper, making it the highest grade outcrop documented at Sombrero to date. Specific channel sample results referenced in this release (identical to those from 2025-09-04) include: - 93.5 meters of 0.87% Cu and 0.19 g/t Au (from sample 25SRT032) - 52 meters of 1.06% Cu and 0.19 g/t Au (from sample 25SRT029) - 40 meters of 0.96% Cu and 0.13 g/t Au (from sample 25SRT030) - 36 meters of 1.10% Cu and 0.32 g/t Au (from sample 25SRT042)

Management reiterated their commitment to developing a pipeline of significant copper-gold targets ahead of upcoming drill campaigns.

This news is a positive operational update, confirming Coppernico's active engagement in advancing its Sombrero Project. The commencement of comprehensive field exploration at Nioc and Antapampa, following earlier positive surface sampling results at Nioc (reported 2025-09-04), demonstrates continued progress in de-risking and refining drill targets.

However, it is important to note that the high-grade channel sample results cited in this release are not new discoveries. They are a reiteration of data initially announced on 2025-09-04, which itself was a significant positive update at the time. The current news primarily reports the commencement of the field exploration program. While this signifies proactive exploration and confirms the company's commitment to these targets, it does not introduce new data that would materially alter the company's valuation beyond what was already priced in by the previous news of high-grade surface samples. The material impact is therefore considered routine positive, as it signals ongoing work and reinforces the prospectivity of known targets, but lacks new high-impact results. This aligns with the company's stated strategy to refine targets ahead of future drilling.

Comparing this to previous news: - 2025-10-29: Expanded concessions at Sombrero by 2,400 hectares over a newly identified Rumi target, showing large alteration systems. This was a positive expansion of the project's overall potential. - 2025-09-25: Extended the option agreement for the Fierrazo target until Dec 2029, a crucial step for securing drill permits at this historically promising area. - 2025-09-04: This was the release that first announced the exceptional channel sample results from Nioc (the same ones reiterated in the current news). This release was more impactful as it provided the initial high-grade data. - 2025-08-18: Rationalized land holdings to focus on higher potential areas and discussed initial surface mapping at Macha Machay and Milpoc targets. - 2025-05-14: Reported remaining Phase 1 drill results from Ccascabamba (showing broad, lower-grade intercepts) and confirmed a large-scale skarn system, but highlighted the need for expanded permits to access higher-priority targets (Nioc, Fierrazo, Tipicancha, etc.) that lay outside the initially permitted area. This news underscored that Phase 1 didn't hit the anticipated "tier-one" grades but identified the scale and future targets.

The current news indicates the company is actively pursuing the identified high-priority targets (Nioc, Antapampa) that were highlighted after Phase 1 drilling concluded.

Coppernico Metals Inc. is a mineral exploration company focused on discovering world-class copper-gold deposits. Its flagship asset is the Sombrero Project in Peru, located within the highly prospective Andahuaylas-Yauri copper-gold skarn and porphyry belt. The company aims to extend this belt through new discoveries. The Sombrero Project comprises approximately 56,400 hectares. Exploration efforts have focused on identifying large-scale copper-gold skarn and porphyry systems. Phase 1 drilling (8,232.9 meters across 20 holes) at the Ccascabamba target area confirmed a large-scale skarn system, although the intercepts were generally broad but lower-grade. The company has since identified and advanced a pipeline of new, high-priority targets across the extensive land package, including: - Nioc & Fierrazo: Key copper-gold skarn targets with confirmed high-grade surface mineralization and historical drilling (Fierrazo). - Tipicancha: An epithermal-porphyry target identified southwest of Ccascabamba, showing geochemical zonation indicative of a deeper porphyry connection. - Antapampa: A newly recognized iron-skarn occurrence north of Nioc. - Rumi: A recently expanded lithocap-epithermal-porphyry target. - Macha Machay & Milpoc: Early-stage epithermal targets. The company's strategy involves refining these targets through surface exploration and advancing permits for future, expanded drilling campaigns.