Copper Creek Data Review Advances And Identifies Exploration Targets

VANCOUVER - CopperBank Resources Corp. reported ongoing progress in generating future exploration targets at its 100% owned Copper Creek Project, located in the Bunker Hill mining district in Pinal County, Arizona. The Copper Creek Project is an advanced stage Cu-Mo-Ag exploration project and encompass a contiguous sixteen square miles (41 square kilometers) of private property, Bureau of Land Management and Arizona State Mining Claim holdings.

Highlights of Copper Creek: Located in Arizona's "Copper Corridor" where over 30 million tonnes of copper metal has been produced and tens of thousands of mining related work force resides; Advanced stage project with over 670,000 feet (220,000 meters) of diamond core drilling complete and endowed with a large historical resource and extensive technical data base; and Decades of land assembly completed to establish the contiguous 100% owned 10,240 acre project boundaries that are now in a low annual holding cost status in perpetuity.

The Copper Creek project hosts historical mineral resources, including estimated Measured & Indicated resources of: 4.4 billion pounds of copper (501.2 million tons at 0.44% copper, consisting of Measured resources of 45.5 million tons at 0.72% copper, and Indicated resources of 456.7 million tons at 0.42% copper); and 3.3 billion pounds of copper (481.3 million tons at 0.34% copper, consisting of Inferred resources).

The Copper Creek mineralizing system consists numerous high-grade copper-molybdenum-rich breccia pipe emanating from a buried and defined porphyry copper deposit. Further exploration work would be targeted to define limits to these mineralized bodies and the potential for discovery of new breccia pipes is considered high. Only 10% of the known breccia bodies have been drill tested to date and no drilling has been undertaken at the historical resource area of Copper Creek since 2013.

Next steps and options for advancing the Copper Creek Project include generation of an updated Leapfrog model, and detailed modeling of the 15 known targets in the district. Known targets in the 41 square kilometer land position encompass untested Cu-Mo-Ag-Au-Zn mineralization in greenfields and brownfields targets, direct resource infill and expansion, and new target concepts in Proterozoic diabase and Paleozoic carbonate rocks, which are known base metal host rock units in this portion of Arizona. CopperBank will be demonstrating the viability of the project to interested parties in 2021.

CEO Gianni Kovacevic, said, "The Copper Creek Project is one of the largest, established, copper projects in the junior mining sector. The most important requirements for any large copper mining operation are readily available in this optimal location, including infrastructure and workforce. Our team continues to generate exciting exploration targets that could unlock significant shareholder value as we move them towards execution."