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 on
Negros Island in the Philippines, approximately 700 km south of Manila. The
infill programme comprises 11,810 metres of diamond drilling in 62 holes at
planned depths of 80 to 280 metres which, when combined with the existing
100x100 metres drilling grid, will result in a drilling density of 50x50 metres
that will allow ore reserves calculation to satisfy JORC and Bankable
Feasibility Study ("BFS") standards. The programme also aims to: (1) assess
supergene mineralisation in the first 15 metres that has previously not been
evaluated by drilling, (2) collect sufficient samples for metallurgical test
work, and (3) examine detailed geological information for modelling, including
accurate delineation of faults, barren intrusives and boundaries of
mineralisation, as well as geo-technical data necessary for open pit design.
The drilling programme is expected to take six to nine months, which will allow
completion of the BFS in about 12 months.
Mitchell Alland, Executive Vice Chairman of CRC, said: "Having received our
Mineral Production Sharing Agreement (MPSA) for the Hinoba-an Project a few
weeks ago, we are moving ahead with infill drilling and completion of the
Bankable 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.
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