World Copper Signs Non-Binding LOI to Acquire Brassie Creek Project in British Columbia
Mining News | 2026-02-03 23:59:52
The test data underlying the historical exploration summary has not been verified by a qualified person.
By Paul Ploumis
SEATTLE (Scrap Monster): World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces that the Company has entered into a non-binding letter of intent (the "LOI") to enter into a property option agreement whereby the Company would be granted the option to acquire (the "Option") a 100% interest in the mineral claims comprising the Brassie Creek Project located in the Kamloops mining division in the Province of British Columbia, Canada (the "Brassie Creek Project" or the "Project").
Brassie Creek Project
The Brassie Creek Project is a porphyry-skarn copper and gold property located in Southern British Columbia, covering an area of approximately 1,861 hectares and located approximately 50 km west of Kamloops.
The Brassie Creek Project is also in close proximity to other active mines, being 20 km north of Teck Resources Limited's Highland Valley Mine (Canada's largest copper mine and a calc-alkalic copper-molybdenum porphyry deposit) and 30 km west of New Gold Inc.'s New Afton Mine (an alkalic copper-gold porphyry deposit). Readers are cautioned that the Company has no interest in or right to acquire any of the neighbouring mines and deposits. Mineral deposits on nearby properties and any production therefrom are not in any way indicative of mineral deposits on the Brassie Creek Project or the potential production therefrom.
The Project has year-round access and can be accessed via Highway 1 and an extensive network of forest service roads. The test data underlying the historical exploration summary has not been verified by a qualified person.
The terms of the LOI also provide that the issuance of the Consideration Shares, the cash payments, and the incurring of Expenditures may be completed within a shorter time frame, at the sole discretion of World Copper, and any Expenditures incurred in any period in excess of the amount required shall be credited to World Copper and applied against future Expenditure requirements in subsequent periods. During the period the Option is in effect, World Copper will also be responsible for paying such costs as are required to maintain the mineral claims comprising the Brassie Creek Project in good standing.
Courtesy: www.newsfilecorp.com
