21st Sep 2005 06:00
Under embargo to 0700hrs 21st September 2005 COPPER RESOURCES CORPORATION ("CRC" or "the Company") CRC STARTS INFILL DRILLING PROGRAMME AT HINOBA-AN PROJECT, PHILIPPINES ANTICIPATING COMPLETION OF BANKABLE FEASIBILITY STUDY IN TWELVE MONTHS CRC announces the start of infill drilling at the Hinoba-an Project located onNegros Island in the Philippines, approximately 700 km south of Manila. Theinfill programme comprises 11,810 metres of diamond drilling in 62 holes atplanned depths of 80 to 280 metres which, when combined with the existing100x100 metres drilling grid, will result in a drilling density of 50x50 metresthat will allow ore reserves calculation to satisfy JORC and BankableFeasibility Study ("BFS") standards. The programme also aims to: (1) assesssupergene mineralisation in the first 15 metres that has previously not beenevaluated by drilling, (2) collect sufficient samples for metallurgical testwork, and (3) examine detailed geological information for modelling, includingaccurate delineation of faults, barren intrusives and boundaries ofmineralisation, as well as geo-technical data necessary for open pit design.The drilling programme is expected to take six to nine months, which will allowcompletion of the BFS in about 12 months.Mitchell Alland, Executive Vice Chairman of CRC, said: "Having received ourMineral Production Sharing Agreement (MPSA) for the Hinoba-an Project a fewweeks ago, we are moving ahead with infill drilling and completion of theBankable Feasibility Study according to schedule."For further information please contact:Copper Resources Nabarro Wells & Co. Westhouse Securities Mitchell Alland Keith Smith or Cailey Barker Executive Vice Chairman John Robertson +44 (0)787 569 5563 +44 (0)20 7710 7400 +44(0) 20 7601 6100 Additional information is available from the Company's website, www.copperresources.com, or from Westhouse Securities LLP.ENDCOPPER RESOURCES CORPORATIONRelated Shares:
CRC.L