VANCOUVER, BC / ACCESSWIRE / January 23, 2017 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE:CBK) (9CP.F) (OTC PINK: CPPKF) is pleased to update investors and shareholders that strategic technical advisors have been added to the company's group. Geologist, Thomas Ullrich and mining engineer, Dr. William Willoughby will be joining the company's technical advisory team. Gianni Kovacevic comments, "We are proud to have such a distinguished group of technical advisors to complement our business model and world-class portfolio of copper projects. Both gentlemen are very familiar with our projects as they, respectively, served important roles in the previous work programs that occurred at our Pyramid copper deposit and Contact copper oxide project. Tom oversaw the final two passes of drilling that occurred at Pyramid between 2010 and 2012, so he is well versed in offering advice on future drill programs to potentially increase the current inferred resource. As for Contact, Dr. Willoughby was the project lead from early resource drilling through the important metallurgical and engineering work that established the 2013 pre-feasibility study. As we move into 2017 and beyond, the continuity that they provide is invaluable to our group and stakeholders." Investors are encouraged to view the presentation on the company's website at www.copperbankcorp.com.
Thomas Ullrich has over 20 years of experience in mineral exploration and geoscience. He is currently CEO of Aston Bay Holdings Ltd., where he is exploring for sediment hosted copper and zinc in the Canadian Arctic. He was Chief Geologist North America for Antofagasta Minerals plc for five years, investigating the region's copper potential through extensive property evaluations and management of drill programs in Alaska and Canada. Prior to Antofagasta, he was Senior Geologist for Almaden Minerals, where he managed the drill program for the team's discovery of the Ixtaca Ag-Au deposit in Mexico. Mr. Ullrich also established the Ar-Ar geochronology lab at the University of British Columbia and studied the Candelaria Cu-Au mine, Chile, while at Queen's University. Mr. Ullrich is an Elected Director on the Board of the Association for Mineral Exploration BC.
Dr. Willoughby is a Professional Engineer with 36 years of experience in the mining industry. He was formerly President and COO of Enexco, and, prior to that, worked 18 years in various capacities for Teck and Cominco. He is currently owner of Willoughby & Associates, PLLC, an Idaho registered engineering firm, a Registered Member of SME, an advisor to several junior companies, and a director of Vista Minerals Pty, Ltd. He brings to CopperBank extensive knowledge and experience in mineral evaluations and technical studies on copper projects and other commodities.
About CopperBank
CopperBank was created by a group of well respected investors, geologists, and engineers to consolidate world-class copper properties and offer a unique "pounds in the ground" copper investment vehicle. CopperBank's strategy is to accretively advance its portfolio while managing the core business like owner operators and vehemently protecting shareholders value offering on a per share basis. Due to the company's low overhead model and established suite of projects, CopperBank has one of the lowest G&A operating budgets of any publicly listed company in Canada. The management of CopperBank have demonstrated intensive insider buying distinguishing the brand as one of the most insider supported companies in North America.
Certain information in this release may constitute "forward-looking information" under applicable securities laws and necessarily involve risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and CopperBank does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of CopperBank's expectations or beliefs regarding future events. In certain cases, forward-looking information can be identified by the use of words such as "plans," or "believes," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will be taken," "occur," or "be achieved," or the negative of these terms or comparable terminology. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the Company's ongoing review of its existing portfolio, the involvement of CopperBank in any potential divestiture, spin-out, partnership or other transactions involving the Company’s portfolio assets, and the ability of the Company to complete any such transactions, the ability of CopperBank to enter into transactions that will ultimately enhance shareholder value, and the anticipated issuance of one million shares in connection with the satisfaction of certain loans between CopperBank and management. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to the Company's ability to identify and complete one or more transactions involving the Company's portfolio assets that enhance shareholder value as part of management's ongoing review of strategic alternatives in the current market conditions. By its very nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by forward-looking information. Such factors include, but are not limited to, the risk that the Company will not be able to identify and complete one or more transactions involving the Company's portfolio assets that enhance shareholder value as part of management's ongoing review of strategic alternatives in the current market conditions. Although CopperBank has attempted to identify important factors that could cause actual actions, events or results to differ materially from forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated by such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. For more information on CopperBank and the risks and challenges of its businesses, investors should review the continuous disclosure filings that are available under CopperBank's profile at www.sedar.com.
