Newsfile
Orecap's Cuprum Intersects 114 metres of 1.1% Copper Equivalent within 171 metres of 0.98% Copper Equivalent
Newsfile Corp.
10 min read

In This Article:

Highlights of the five drill holes that expand the K1 Open Pit Zone:

  • 114 metres of 1.1% CuEq, within 171 metres of 0.98% CuEq

  • 231 metres of 0.74% CuEq, including 126 metres of 0.83% CuEq

  • 79 metres of 0.81% CuEq and 23.5 metres of 0.60% CuEq

  • 25 metres of 0.74% CuEq and 31 metres of 0.55% CuEq and 28 metres of 0.5% CuEq and 56 metres of 0.56% CuEq, and 34 metres of 0.57% CuEq, in a single hole starting near surface

  • 24 metres grading 0.69% CuEq

  • Curprum owns 100% of the Thierry Copper Project, which is Ontario's largest copper resource

Toronto, Ontario--(Newsfile Corp. - June 20, 2024) - Orecap Invest Corp. (Orecap) (TSXV: OCI) (OTCQB: ORFDF) is pleased to update on the remaining five holes from Cuprum Corp's (Cuprum) 2,600 metre drill program on its flagship Thierry copper project (Thierry). Notably, holes CCM-23-55 and CCM-23-54 were step-out holes north of the current surface expression of the K1 deposit.

Orecap owns 29.5 million shares of Cuprum Corp., and is its largest shareholder. QC Copper, another Orecap portfolio company, owns 6 million shares of Cuprum Corp. Curprum owns 100% of the Thierry Copper Project.

PLAN VIEW OF 2023 DRILL HOLES

"With high-grade mineralization across long intervals in all of the drill holes from the 2023 drill program to date, there is significant scope to expand K1's resource and develop a much larger, bulk tonnage scenario complementing the high-grade underground Thierry deposit (K2). Based on the 2023 drill program results we see a consistently mineralized trend ranging from 20m to 200m of lower-grade, bulk tonnage material. Additionally, given the proximity and continuity of geophysical anomalies between the K1 and K2 zones, there is potential to connect K1 and K2 deposits," said Orecap Chairman Stephen Stewart.

CCM-23-55, CCM-23-54 - Step Out Holes
The step-out holes were designed to test the expansion potential of the K1's bulk tonnage near surface deposit located 3km east of Curpum's past-producing high-grade underground Thierry mine.

CCM-23-55 and CCM-23-54 were collared 300 metres and 200 metres north of the known surface expression of the K1 deposit, respectively. The high-grade and long intercept in CCM-23-55 and CCM-23-54 confirm the presence of a larger mineralized trend outside of the current known K1 deposit. Importantly, mineralization in hole CCM-23-55 is expected to continue beyond the current drilling depth. Cuprum expects this mineralized trend to extend east-west and at greater depths. Based on the success of these holes, along with the high-grade and long intercepts in previously released holes CCM-23-51 and CCM-23-52, Cuprum believes there is significant potential for lateral expansion (with K1 oriented east-west) and at depth.

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