12:18 PM EST, 01/17/2025 (MT Newswires) -- (Updates shares.)

Coppernico Metals ( CPPMF ) on Friday said it plans a phase 2 drilling program at the Ccascabamba project in Peru, which would bring total drilling at the project to 11,500 meters.

The company said it has all required drilling permits within the Ccascabamba target area, and has completed 5,203 meters of drilling. Drill highlights include 19 meters of 0.50% copper and 27 meters of 0.21% copper.

"Coppernico remains confident in its strategy and ability to deliver shareholder value through disciplined exploration and is actively evaluating additional projects to strengthen and diversify its portfolio," the company said.

Coppernico shares were last seen down $0.03 to $0.22 on the Toronto Stock Exchange.

Price: 0.22, Change: -0.03, Percent Change: -12.00