Copper Intelligence Confirms Down-Dip Continuity at Butembo as All 19 Drill Holes Intersect Copper Mineralization
OTC: CUAI
Overview
Copper Intelligence Inc. announced results from three additional diamond drill holes completed at its flagship Butembo Copper Project in eastern Democratic Republic of Congo, according to the company. The company stated the three drill holes were designed to test the continuity of its copper-bearing horizon down dip from previously reported mineralized intersections, and all three holes successfully intersected the targeted mineralized zone, further extending and confirming the continuity of the deposit at depth, according to the company.
The company reported that the latest holes returned an average mineralized thickness of 10.0 metres grading 1.49% copper, which it compared to its previously reported sixteen drill holes, which averaged 12.4 metres grading 1.43% copper. With these latest results, the company stated it has now completed and reported nineteen consecutive drill holes, all of which have intersected copper mineralization within the targeted stratigraphic horizon.
Key Highlights
- Three additional drill holes intersected copper mineralization, according to the company.
- Average intersection for these three holes of 10.0 metres grading 1.49% copper, according to the company.
- This result compares with the company's previously reported average of 12.4 metres grading 1.43% copper from its previously completed sixteen drill holes.
- The company stated the results confirm continuity of the mineralized system down dip.
- 19 consecutive drill holes have now intersected copper mineralization, according to the company.
- Mineralization remains open along strike and at depth, according to the company.
- The company stated the results continue to support the potential for growth of the Butembo copper system.
Strategic/Operational Context
According to the company, these results confirm that both copper grades and mineralized thicknesses are being maintained as the system extends down dip, which the company stated supports management's view that Butembo hosts a sediment-hosted copper system with growth potential.
Andrew Groves, Chairman of Copper Intelligence, commented: "These latest results continue to reinforce our confidence in the scale and consistency of the Butembo copper system. The objective of this drilling was to test the continuity of mineralization down dip, and the results demonstrate that both grade and thickness are being maintained as the system extends to depth. Importantly, every drill hole completed to date has intersected copper mineralization, providing growing confidence in the predictability of the deposit and its potential to support a significant copper resource."
The company stated that the continued demonstration of geological continuity is a critical milestone in advancing Butembo toward resource definition, and that consistent thicknesses and grades across a growing drill dataset strengthen the geological model and support the potential for expansion of the known mineralized footprint, according to the company. The company stated that mineralization remains open along strike and down dip, and that ongoing drilling is aimed at further defining the scale of the system and supporting future resource estimation initiatives.
Resources and Financials
- Latest three holes: average of 10.0 metres grading 1.49% copper
- Previously reported sixteen holes: average of 12.4 metres grading 1.43% copper
- Total consecutive drill holes intersecting copper mineralization: 19
What to Watch Next
- Ongoing drilling aimed at further defining the scale of the system, according to the company.
- Future resource estimation initiatives supported by the current drill dataset, 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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