Highland Copper Announces Initiation of Drilling Program at White Pine North Project
24 Janvier 2024 - 11:00PM
Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF)
(“
Highland” or the “
Company”) is
pleased to announce that the White Pine Copper, LLC, its joint
venture with Kinterra Copper USA, LLC
(“
Kinterra”)., has initiated a drilling program at
the White Pine North Project (the “
Project”) in
Ontonagon County, Michigan.
The winter drilling program initiated
mid-January intends to obtain material for additional metallurgical
and geotechnical test work programs. The drilling program, which
will run through Q2 2024, focuses on data collection to advance
project development. The intent is to complete ten drill holes,
three PQ and seven HQ sized, for a total of approximately 6,460
metres. Downhole geotechnical imaging is planned for all drillholes
to support mine design engineering. The successful completion of
the program will be dependent on weather conditions over the course
of the upcoming months.
The initiation of this drilling program
demonstrates the joint venture’s commitment to advancing the White
Pine North Project, while at the same time progressing permitting
and engineering studies. The forthcoming testing will contribute to
further refining the economic results obtained in the 2023
Preliminary Economic Assessment. White Pine Copper, LLC. has also
recently hired a senior environmental representative that will
manage environmental compliance requirements, future environmental
baseline work, and permitting activities. Operating responsibly in
Michigan remains a key focus of Highland.
“We are very excited with the focus that our
joint venture partner, Kinterra, is putting on White Pine North.
Kinterra has assembled a strong project leadership team to take
charge of development of the Project and is proactively moving it
forward. We created the joint venture on White Pine North to draw
on Kinterra’s expertise in permitting and technical studies, in
addition to their strong balance sheet. This has allowed Highland’s
management to focus its time and capital on progressing the fully
permitted, 100% owned, Copperwood Project, building value at both
assets simultaneously,” stated Barry O’Shea, Interim CEO of
Highland Copper.
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 the timing of completion of,
anticipated size of, and expected results of, the winter drill
program. The forward-looking statements were based on information
received from White Pine Copper LLC and the operator for the
Project. The forward-looking statements are subject to a number of
assumptions, including those set out in this news release. These
underlying assumptions may prove to be incorrect. Important factors
that could materially impact the Company's expectations include
availability of personnel to conduct the drill program, delays with
drill contractors, weather uncertainties, the general uncertainty
regarding the results of exploration drilling, potential safety and
environmental hazards that could delay drilling, 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, please contact:
Barry O’Shea, Interim CEO
Email: info@highlandcopper.com
Website: www.highlandcopper.com
Highland Copper (TSXV:HI)
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