Coppernico director Jennings steps down

Executive Summary

• Coppernico reported the identification of two new copper‑gold hydrothermal alteration zones at its Macha Machay target, indicating epithermal‑style systems and supporting a phase‑2 drill program.
• Historical rock sampling at the nearby Milpoc target returned up to 8.45 % Cu and 101 g/t Ag, reinforcing its high‑grade potential.
• The company relinquished 58 claim blocks (≈50,099 ha), reducing the Sombrero land package to ~53,800 ha to focus capital on core, high‑impact targets; board member Keenan Jennings resigned to assume an executive role elsewhere.

Key Details

• Macha Machay – West: ~500 m × 300 m area of argillic alteration with weak silica veining over a rhyolite dome; presence of jasperoid and pyrite veining.
• Macha Machay – East: ~4 km × 1 km zone of disseminated pyrite, moderate argillic alteration, weak silicification, and jasperoid veining; rock chip sampling shows multielement anomalies (Te, Bi, Se, Mo, As, Cu).
• Milpoc Target: Historical drill‑core data show Cu grades from 0.1 % to 8.45 %, Ag up to 101 g/t; mineralization includes Cu‑oxide with elevated Ag, As, Bi, Mo, Pb, Se, Te; presence of Ferrobamba limestone suggests potential skarn mineralization.
• Land Optimization: Relinquished 58 claim blocks (≈50,099 ha) outside core focus; remaining footprint ≈53,800 ha (538 km²).
• Strategic Outlook: Preparing permits and land‑access agreements for phase‑2 drilling; actively reviewing additional copper/gold assets in the U.S. to diversify the portfolio.
• Board Change: Keenan Jennings stepped down from the board to take an exclusive executive role with a mid‑tier international gold producer; thanked for contributions.

Notable Quotes

“Since gaining access at Sombrero, we have conducted extensive and systematic groundwork across the most expansive land package… as we move toward phase 2 drilling, we are advancing permits and land access agreements to ensure a steady flow of high‑impact, drill‑ready targets.” – Ivan Bebek, Chair & CEO

“The opportunities we are finding in this highly underexplored land package continue to impress our team… Follow‑up work is ongoing to better understand the significance of the Macha Machay prospects.” – Tim Kingsley, VP Exploration