World Copper Ltd. (TSXV:WCU) – Exploration Plans Outlined to Advance Zonia
World Copper provided an exploration and development update for its 100%-owned Zonia Cu oxide project in Arizona. An internal technical review of the project has confirmed three potential growth drivers for the project which include resource expansion from targets adjacent to the existing resource, a new porphyry target to the NE of the existing resource, and an updated PEA which is expected to include additional mineralization not factored previously along with recent market conditions. In our view, World Copper has transformed from an explorer into a developer with a portfolio of high-quality Cu projects in premiere mining jurisdictions. We believe, Zonia has lots of untapped potential as it could either be rapidly developed for nearer-term production or potentially be expanded through exploration to increase the size and scale of the project.