|May 26, 2015|
Handa Copper Corporation acquires additional valuable archive data and completes new target identification and prioritisation
|May 26, 2015, Vancouver, BC: Handa Copper Corporation (TSXV:HEC) ("Handa" or the "Company"), is pleased to announce that it has acquired valuable archive data covering most of the Company's Banda Kayes and Maboudou permits in the West Congolian Belt of the Republic of Congo ("RoC"). The data has been incorporated into Handa's proprietary database, the review of which has identified and prioritised 32 exploration targets for Copperbelt-style copper mineralisation.|
The archive data includes high-resolution geological maps, 9,825 stream geochemical samples taken over 10,000 sq. km, 4,000 soil geochemical samples over 200 sq. km and alluvial prospecting followed by limited ground geophysics and drilling executed by the United Nations Development Programme in 1969 and1970.
This data compliments that which was identified in the Bureau de Recherches Géologiques et Minières (BRGM) in Paris that was the subject of a press release dated October 16, 2014. Together these two sources create a basin-wide database of more than 20,000 geochemical samples that is of significant strategic value.
"We are delighted because we have been working very hard to obtain this information since we heard of its possible existence last year," said Jon Stacy, President/ "Historic data of this quality and extent is very rare in this part of Africa and it has been invaluable in helping us to identify, contextualise and prioritise an inventory of 32 exciting exploration targets that have never been tested."
This press release, along with the results described herein are reviewed and approved by Jon Stacey, President of Handa Copper Corporation and a qualified person as defined in NI 43-101.
About Handa Copper Corporation
The geological parallels between the West Congolian Belt and the Central African Copperbelt (CACB), the world's richest copper province, have been recognized since the 1930s. However, sustained modern exploration has never been carried out on the former.
Previously undisclosed archival records acquired by the Company, which included more than 10,000 stream sediment and soil samples, confirm the potential for CACB-style copper deposits on the Company's exploration licenses in the RoC. In addition, new data from regional airborne magnetic surveys and geological mapping will assist the Company to effectively prioritize exploration targets for drilling.
For Further Information, contact:
Marek Kreczmer, CEO
Handa Copper Corporation
Tel: (604) 601-6926
Jon Stacey, President
Tel: +260 966 206 525
FORWARD LOOKING STATEMENTS
This release may contain forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.
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