Global Copper Group (ICU-V) Cobalt play.
www.globalcoppergroup.com
18.3 million o/s
Dr. Andreas Rompel - FSAIMM, President & CEO, Director
Dr. Rompel has more than 27 years’ experience in the industry as a Team Leader, Shaft Geologist, Divisional/Chief Geologist, Exploration Manager, Project Manager, Country Manager, Head of Department, Corporate Business Manager and as a Director. He has worked in a variety of commodities, ranging from Gold to PGE's and Silver on the precious metal side, Copper and Nickel (base metals), iron ore and thermal and coking coal (bulk commodities). As part of a multi-disciplinary team, he has assessed and technically reviewed capital projects within Anglo American for more than 10 years, and has been on the board of Spectrem (an Anglo-American Company) as Technical Director. Over the past 3 years, Dr. Rompel was looking for new business opportunities worldwide for Hochschild Mining plc. He has had many years of involvement in management, partly as a member, partly as the leader, including the allocation of budgets. Dr. Rompel has worked in many countries on several continents and has acquired multi-linguistic skills.
Jevin Werbes - Chairman of the Board
Mr. Werbes has over 19 years of practical experience in the mineral exploration and corporate finance/securities industry. He has recently been successful in acquiring strategic resource assets as a property vendor, and is currently actively involved in corporate finance development and investor relations activities related to junior mining companies. From March 2009 to May 2014, Mr. Werbes was a Director, and thereafter President & CEO of Ansell Capital Corp. (now “BriaCell Therapeutics Corp.”). From January 2006 until October 2008, Mr. Werbes provided capital market and corporate development services to Longview Capital Partners Inc. Currently, Mr. Werbes is President and CEO of Carmax Mining Corp. and also sits on the Board of Directors of Plicit Capital Corp. while providing management, finance and corporate development services to other Issuers through his personal holding company, Calico Management Corp.
Chris Healey - P.Geo, Director
Mr. Healey is a licensed professional geologist in Saskatchewan and British Columbia with over 45 years' experience in the natural resources industry, covering all aspects from early stage exploration, through development, to production. Immediately prior to joining Global Group, Mr. Healey was president and CEO of Titan Unranium Inc., a Tier One TSX.V listed company, which recently completed a merger with TSX-listed Energy Fields Inc. prior to its initial listing on AMEX. He has also held positions with Cameco Corporation, the world's largest uranium producer, where he was involved in the discovery and development of the world's two largest high-grade uranium deposits being Cigar Lake and McArthur River. Mr. Healey also has worked extensively on the Deep Bay West graphite project for Cameco predecessor Saskatchewan Mining Development Corporation in the 1980's. Mr. Healey graduated from the University of Wales in 1968 with a Bachelor of Science degree in geology. He currently sits on the Board of Directors of Global Copper Group Inc. and Rainmaker Resourced Ltd.
Company presentation Sept 2016 static1.squarespace.com
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Global Copper Group Increases Size of Non-Brokered Private Placement
Sept 28, '16 - NR
Global Copper Group in its news release of September 13, 2016 will be increased to a total of 13,020,666 units of which 2,464,000 will be Flow-through Units placed at a price of $0.07 per unit and 10,556,666 will be non flow-through units placed at a price of $0.06 per unit. This increase is a result of the Company agreeing to accept overallotments of 3,556,666 non flow-through units.
The placement remains subject to Exchange approval.
About Global Copper Group Inc.
Global Copper Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange (TSX VENTURE:ICU) focused on mineral exploration and development. The company plans to acquire, de-risk and advance assets in mining friendly jurisdictions prior to seeking joint venture partnerships.
On behalf of the Board of Directors
Daniel Caamano, VP Corporate Communications and Director
Global Copper Group Inc.
www.globalcoppergroup.com
We seek safe harbor.
The company's profile may also be viewed on www.sedar.com.
Global Copper Group Inc.
Daniel Caamano, VP Corporate Communications or
Judy A. McCall, Corporate Secretary
604.620.7737
www.globalcoppergroup.com
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Global Copper Group (ICU-V) Oct 5, '16 is pleased to report that property visits to the recently acquired Smith Cobalt and Proteus projects have been completed. The Smith Cobalt and Proteus are cobalt-silver properties located in the historic Cobalt mining district in Ontario.
Site Visit:
The objective of the visit was to familiarize management with project logistics and to initiate exploration programs for these properties.
During the site visit, the muck pile created from the previous underground development and mining of the North and South veins on the Smith Cobalt property was examined. Samples from the muck pile show a considerable amount of erythrite (an oxidation product of cobalt minerals commonly referred to as "cobalt bloom"). Cobalt bloom is used by prospectors as an indicator mineral for associated cobalt and silver veins.
Historical Information:
In 1927, a 400 foot deep shaft was sunk and limited underground development was completed. In 1934, the underground was de-watered, a winze was sunk on the South Vein to a depth of 452 feet and drifting was carried out on the North and South Veins. In 1935, a winze was sunk from the 452 foot level to the 500 foot level and limited drifting was completed on the North Vein.
During the development of the underground working, four steeply dipping veins were intersected. These veins strike nearly east-west. Two of these veins referred to as the 'North' and 'South' veins contained cobalt and nickel but had negligible silver values. Most of the cobalt produced came from the 'North' vein and both the 'North" and 'South' veins were reported to be more productive in the Keewatin than in the cobalt conglomerate.
On surface, three additional veins were located. Two of the veins strike east - west and the third vein strikes north - south. All three veins were tested for silver content by diamond drilling and trenched. No significant silver values were found. Information on cobalt content was not noted for these veins.
During the period of underground development 10,027 pounds of cobalt was produced with most of it being from the 452 foot level on the North Vein.
Source of the historical information: "Summary Report Prepared for Phaeton Exploration Ltd., Cobalt Ontario Option, Formerly Smith Cobalt Property," dated May 7, 1985 prepared by C.W. Archibald, B.A.Sc.
"The recently completed site visit has reinforced Global's commitment to further develop the Smith Cobalt and Proteus projects," comments Dr. Andreas Rompel, President & CEO. "We were pleased to see the amount of historical data available and the encouraging state of the infrastructure as these factors will allow us to initiate an exploration program almost immediately."
Exploration Plan:
The company is currently accumulating and compiling the historical data from the Smith Cobalt property. A significant number of old mine plans have been acquired. These mine plans provide the location and the strike and dip of the veins intersected in the underground workings. The Company is also compiling the historical data from properties surrounding the Smith Cobalt property to determine if veins present on these properties extend onto the Smith Cobalt property. A number of the veins on the adjoining property to the northwest have been interpreted to trend towards the Smith Cobalt property.
The Phase I exploration program, slated to begin immediately, consists of: i) continuation of the collecting and interpreting historical data and ii) completion of a combined high-resolution airborne magnetic and VLF-EM survey to better map the known veins and their extent and to locate new veins, and gain an understanding of the structural control on the vein intrusion. The airborne survey will also cover the adjoining Proteus property.
The company plans to undertake a study to determine the cost and activities required to rehabilitate the Smith Cobalt shaft and underground workings to allow mapping and sampling of the veins.
Chris M. Healey. P.Geo, a Director of Global Copper Group is the Qualified Person responsible for the technical content of this release and consents to its dissemination.
About Global Copper Group Inc.
Global Copper Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange (TSX VENTURE:ICU) focused on the exploration and development. The company plans to acquire, de-risk and advance assets in mining friendly jurisdictions prior to seeking joint venture partnerships.
On behalf of the Board of Directors
Dr. Andreas Rompel, President and CEO
Global Copper Group Inc.
www.globalcoppergroup.com
We seek safe harbor.
The company's profile may also be viewed on www.sedar.com.
Global Copper Group Inc.
Daniel Caamano, VP Corporate Communications or
Judy A. McCall, Corporate Secretary
604.620.7737
www.globalcoppergroup.com |
