Coppernico signs drilling contract for Sombrero copper-gold project

VANCOUVER - Coppernico Metals Inc., a Canadian mining company, has secured a drilling contract with AK Drilling International S.A. for its Sombrero copper-gold project in Ayacucho, Peru. The agreement mandates a minimum of 5,000 meters of diamond drilling, pending approval from Peru’s Ministry of Energy and Mines. The company is anticipating approval in the near future, as stated in a press release.

AK Drilling previously performed the initial Phase 1 drill program at the site. Mobilization of necessary equipment and personnel is set to commence once the final authorization is obtained. The primary objective of the Phase 2 program is to broaden recognized mineralization at Fierrazo and examine exploration targets across the Sombrero Project.

Drilling is anticipated to commence at Fierrazo, an area with documented copper mineralization from previous drilling. The program will also assess targets at Ccascabamba, Tipicancha, and Huachana. The company has sufficient financing to commence the initial stages of the program, backed by C$6.5 million raised through two recent fundraising efforts.

Teck Resources Limited, which holds a 9.9% stake in Coppernico, participated in these financings. The company intends to drill the Nioc target in the first half of 2027, with community agreements and permitting activities currently underway. The Nioc target has shown copper mineralization on the surface, with intervals grading around 1%.

The Sombrero Project encompasses roughly 57,000 hectares in the Andahuaylas-Yauri trend of Peru. The company’s shares are listed on the Toronto Stock Exchange under the symbol COPR.