Highland Copper Announces the Successful Completion of the White Pine North Winter Drilling Program
April 24 2024 - 6:30AM
Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF)
(“
Highland” or the “
Company”) is
pleased to announce that White Pine Copper LLC., its joint venture
with Kinterra Copper USA LLC, has successfully completed its winter
drilling program on the White Pine North Project.
The goal of the drilling program was primarily
to collect samples for geotechnical and metallurgical testing to
support Feasibility Study work. The drilling program was carried
out by Timberline Drilling Inc. with geological support from
Dahrouge Geological Consulting Ltd. The program ran from
mid-January through March and was completed as planned, drilling a
total of 6,593 meters in 10 holes focusing on the first ten years
of the mine plan area. The program was completed with no reportable
safety or environmental incidents.
All holes received geophysical and geotechnical
surveys and ore zone material will undergo further metallurgical
testing to support engineering studies and permitting requirements.
Four of the holes will be revisited this summer for hydrogeological
testing. Plans are also underway for a summer drilling program that
will focus on infill and resource definition.
In addition to drilling, multiple environmental
baseline programs will be conducted throughout the summer to
support future permitting efforts.
Barry O’Shea, CEO of Highland Copper, stated,
“We are pleased with the success of this drilling campaign and
progress the Joint Venture is making on the White Pine North
project. Highland’s 34% interest in White Pine represents a
significant component of asset value in Highland Copper, nicely
complementing our fully permitted, 100%-owned Copperwood project.
Our partnership with Kinterra Copper USA LLC, has provided White
Pine Copper with the capital and technical focus required to
continue advancing the project through permitting and study
development.”
Qualified Person Statement
The technical information in this news release
has been reviewed and approved by Charline Miville-Deschênes,
P.Eng., a qualified person as defined by National Instrument
43-101, Standards of Disclosure for Mineral Projects.
About Highland Copper
Company
Highland Copper Company Inc. is a Canadian
company focused on exploring and developing copper projects in the
Upper Peninsula of Michigan, U.S.A. The Company owns the Copperwood
deposit through long-term mineral leases and 34% of the White Pine
North project. The Company also owns surface rights securing access
to the deposit and providing space for infrastructure as required.
The Company has 736,363,619 common shares issued and outstanding.
Its common shares are listed on the TSX Venture Exchange under the
symbol "HI" and trade on the OTCQB Venture Market under symbol
"HDRSF".
More information about the Company is available
on the Company’s website at www.highlandcopper.com and on SEDAR at
www.sedar.com.
Cautionary Note Regarding
Forward-Looking Information
This news release contains “forward-looking
statements” and “forward-looking information” (collectively
“forward-looking statements”) within the meaning of applicable
Canadian securities legislation. These statements include, without
limitation, statements with respect to: (a) future metallurgical
and hydrogeological testing; and (b) future plans for a summer
drilling program and the potential for further resource definition.
The forward-looking statements are subject to a number of
assumptions, including those set out in the technical report
entitled “Preliminary Economic Assessment, White Pine North
Project, Michigan, USA” dated September 7, 2023 available on
SEDARPlus. These underlying assumptions may prove to be incorrect.
Important factors that could materially impact the Company's
expectations include: changes in project parameters as plans
continue to be refined; availability of services, materials and
skilled labour to complete planned testing and drilling; effects of
regulation by governmental agencies; unexpected cost increases,
which could include significant increases in estimated capital and
operating costs and the effects of inflation; fluctuations in metal
prices and currency exchange rates; general market and industry
conditions, and the risks set out in the Company’s public
disclosure documents filed on SEDARPlus. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking statements in this news release are reasonable,
undue reliance should not be placed on forward looking statements.
All forward-looking statements in this press release are based on
information available to the Company as of the date hereof, and the
Company undertakes no obligation to update forward-looking
statements except as required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information or media requests,
please contact:
Barry O’Shea, CEOEmail:
info@highlandcopper.com Website:
www.highlandcopper.com
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