Copper Intelligence Inc. Expands Butembo Copper Project with Strategic 3 km Strike Extension Following Continued Exploration Success
OTCID: CUAI
Overview
Copper Intelligence Inc. announced an expansion of its Butembo Copper Project in the eastern Democratic Republic of Congo through the acquisition of additional highly prospective ground immediately adjoining the company's existing holdings, according to the company. The newly secured tenure extends the company's control of the mineralized corridor by approximately three kilometres along strike, substantially increasing the exploration footprint of what the company describes as an emerging significant copper system.
According to the company, the decision to expand its land position follows the continued success of the current drilling campaign and is based on the currently completed 16 diamond drill holes, with copper mineralization intersected in every hole drilled to date. The company states that these holes have also given a strong indication of the strike direction, upon which the acquisition has been based.
Key Highlights
- The company has secured additional ground extending its control of the mineralized corridor by approximately three kilometres along strike.
- 16 diamond drill holes have been completed to date, with copper mineralization intersected in every hole drilled, according to the company.
- Drilling has intersected an average ore thickness of approximately 12 metres grading 1.43% copper, according to the company.
- Geological interpretation indicates the mineralized body dips approximately 40 degrees to the southeast, with the deepest confirmed intersection encountered at approximately 60 metres below surface, according to the company.
- Exploration activities are continuing and will focus on extending known mineralization both along strike and down dip while advancing evaluation of targets identified within the newly acquired concession area, according to the company.
Strategic/Operational Context
"The acquisition of this additional ground reflects our growing confidence in the Butembo Project," said Andrew Groves, Chairman of Copper Intelligence Inc. "Our drilling program has consistently intersected copper mineralization and has provided increasing evidence of a coherent and continuous mineralized body. Securing an additional three kilometres along strike was a natural and strategic step to ensure that Copper Intelligence maintains control of the potential extension of the system as exploration advances."
According to the company, the geological model developed from drilling completed to date suggests that the copper-bearing horizon remains open along strike and at depth. The company states that the shallow nature of current intersections, with drilling confirming mineralization only to approximately 60 metres below surface, highlights the substantial exploration upside that remains to be tested. Management believes the combination of consistent drill results, predictable geological geometry and the expanded land package significantly enhances the long-term potential of the Butembo Project, according to the company.
Resources and Financials
- Diamond drill holes completed to date: 16
- Average ore thickness: approximately 12 metres
- Average grade: 1.43% copper
- Dip of mineralized body: approximately 40 degrees to the southeast
- Deepest confirmed intersection: approximately 60 metres below surface
- Land position increase: approximately 3 kilometres along strike
What to Watch Next
- Continued exploration focused on extending known mineralization both along strike and down dip, according to the company.
- Advancing evaluation of targets identified within the newly acquired concession area, according to the company.
About Copper Intelligence
Copper Intelligence is a U.S.-publicly traded copper exploration and development company focused on advancing high-potential copper assets in the Democratic Republic of Congo. Copper Intelligence "CUAI" is the first stand-alone DRC company to be publicly traded in the United States. The company's strategy is aligned with the growing global demand for secure, diversified, and responsible sources of critical minerals. Copper has become one of the most strategic commodities of our time, essential for electrification, decarbonization, and digital transformation. From renewable energy to EVs, drones, data centers, and infrastructure, it underpins nearly every global growth sector. According to the Copper Development Association, $254 billion in annual US economic output depends on copper production and distribution.
The company maintains a focus on responsible sustainable development and community engagement in the regions where it operates. The Democratic Republic of Congo's copper production is among the largest in the world, with the DRC accounting for 65% of newly announced copper reserves worldwide in 2023, according to S&P Global Market Intelligence.
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