High-Grade Copper Intercepts At Copper Creek Project

VANCOUVER - CopperBank Resources Corp. reported the initial results of a drill core re-sampling program aimed at confirming historic high-grade breccia-hosted mineralization and sampling of previously unsampled drill core adjacent to the breccias.

Paul Harbidge, President & CEO, said, "Development of a technically sound geological model forms the foundation of a robust mineral resource estimate that will enable the delivery of an optimized technical study. I am pleased with the progress the team has made on validating historical data and the re-interpretation of the various datasets. We are advancing towards the publication of a geological model for Copper Creek in May 2022 and a combined open pit and underground Mineral Resource Estimate in the third quarter of this year."

Highlights: Hole G4: 48.47 meters of 1.69% copper from 15.54 meters, confirming historic intercepts of 1.66% copper over the same interval; Hole G5: 33.52 meters of 1.20% copper from 36.58 meters, confirming historic intercepts of 1.08% copper over the same interval; Hole G10: 20.12 meters of 0.22% copper from 215.19 meters, in previously unsampled drill core, including 6.39 meters of 0.43% copper from 215.19 meters, confirming the existence of peripheral mineralization outside the known, high-grade, breccia-hosted mineralization; and Over 2,800 meters of the 5,000 meter drilling program has been completed.

Thomas Bissig, Vice President of Exploration, said, "Our initial geochemical results are very encouraging as they confirm near surface high-grade historic results, thereby increasing our confidence in the data, and they demonstrate the existence of mineralization in previously unsampled core adjacent to the known, high-grade breccia intercepts.

We are currently working on expanding the geochemical data coverage in proximity to the Copper Giant, Copper Prince and other breccia bodies. The goal of this work is to expand the near-surface mineralized footprint ahead of our new open-pit and underground Mineral Resource Estimate, which is expected to be published in the third quarter of 2022."