- Coppernico Metals (CPPMF, Financial) confirms large-scale copper-gold skarn system in Peru.
- Phase 1 drill program reveals mineralization extending beyond current permits.
- Drilling paused pending permit expansion, with plans to resume in late 2025.
Coppernico Metals Inc. (CPPMF) has announced final assay results from its Phase 1 drill program at the Sombrero Project in Peru, confirming the presence of a significant copper-gold skarn system. The comprehensive drill program encompassed 8,232.9 meters of diamond drilling across 20 holes, strategically located in the Ccascabamba target area.
The drill results revealed notable intercepts, including 9.85 meters at 0.26% copper and 0.46 grams per ton (g/t) gold (25SOM-013) and 21.85 meters at 0.22% copper (25SOM-018). These findings demonstrate broad mineralization intervals and multiple zones, with alteration zones exceeding 300 meters in width. This supports the technical team's geological model, suggesting a robust district-scale potential for the Sombrero project.
Due to the identification of several high-priority targets beyond the currently permitted drill polygon, Coppernico has temporarily paused drilling activities. The company is actively pursuing expanded permits to access these promising areas, with plans to resume exploration and drilling in the second half of 2025 once the permits are secured.
Regional exploration is ongoing, with new targets identified in several areas including Nioc, Tipicancha, Macha Machay, and Cello. Coppernico aims to continue developing a strong pipeline of high-impact exploration targets across the broader Sombrero Project, which could potentially hold copper-gold deposits comparable to other major Peruvian sites like Antamina and Las Bambas.
