“Our investments in optimization and expansion over the past two years have allowed us to take advantage of robust copper prices, positioning us now with a large net cash balance sheet ahead of a period of transformational growth.”
Upon completion of the Transaction, the new company will be named Capstone Copper Corp.
Alan Pangbourne, President & CEO, states: “We are very pleased to see that these 5 infill holes continue to support our belief that the intrusive continues to be materially higher grade than previously modeled and should have a very positive impact on the new block model, mine plan and PFS. We expect to complete this infill drilling program by the end of March.”
“The Fernandez Zone clearly demonstrates higher grades as depth increases, and consistently showcases very broad intervals of mineralization”.
“The key properties which we sold are primarily porphyry copper targets, one of which is drill ready. Our stakeholders will now have significant exposure to copper exploration, with no direct costs to Sun Summit. Exploration will be carried out by an experienced Green Earth management team, who we know well.”
“Although the results of JES-22-59 are visual at this stage, the direct correlation with assays results in the twin RC hole JES-20-32, indicate our Main Zone is hosted within a mineralized breccia.”, commented CEO, Brodie Sutherland.
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