Oct 15, 2019
Copper North Clarifies Technical Disclosure
October 15, 2019 - Vancouver, British Columbia -- As a result of a review by the British Columbia Securities Commission, Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:COL) is issuing the following news release to clarify our disclosure.
In response to this review, the following corrections or clarifications to our website and to the Corporate Presentation posted on our website and distributed to interested parties are made:
Mr. Robert McKnight, P.Eng., Chairman of the Company, is the Qualified Person who has reviewed and approved the content herein, for compliance with National Instrument 43-101.
About Copper North
Copper North is a Canadian mineral exploration and development company focused on advancing the Carmacks Copper-Gold-Silver Project in Yukon, Canada. Copper North trades on the TSX Venture Exchange under the symbol COL.
On behalf of the Board of Directors:
President, CEO and Director
For Further Information
Notes to Table: Source: JDS Energy and Mining. 9 February 2017. NI 43-101 Preliminary Economic Assessment Technical Report on the Carmacks Project, Yukon, Canada (the "2017 PEA") posted on www.coppernorthmining.com and on www.sedar.com. The above estimates are forward-looking and demonstrate sensitivity to specific project assumptions.The 2017 PEA is based only on the Measured + Indicated oxide mineral resources in Zones 1, 4, 7, and 7A. The 2017 PEA does not include any oxide resources from Zones 12, 13, and 2000S, does not include any inferred mineral resources, and does not include sulphide mineral resources. The 2017 PEA is preliminary in nature and there is no certainty that the PEA findings will be realized. Refer to the 2017 PEA for a discussion of the applicable qualifications and assumptions and the impact on the results of previous studies on the Carmacks Project.
a. Base case scenario
This news release includes certain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the use of proceeds from the Loan and filing of the material change report in respect of the Loan. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the timeliness and success of negotiation and settlement of certain outstanding debts, the timing and success of future exploration and development activities, exploration and development risks, market prices, exploitation and exploration results, availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, unanticipated environmental impacts on operations and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that certain outstanding debts will be settled in a timely manner and on reasonable terms, the proposed exploration and development of the mineral projects will proceed as planned, market fundamentals will result in sustained metals and mineral prices, and any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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