CopperBank Reswources (CSE:CBK) (OTC:CPPKD) (FRA:9CP) is pleased to announce the appointment of Alan Wilson to the board of directors.
Alan is an economic geologist with thirty years’ experience in the exploration for base and precious metal deposits globally, experience that has allowed him to develop a deep understanding of the critical role geology plays in assessment of ore potential at projects in all stages of development. Prior to establishing his own strategic and technical consulting business in 2019, Alan worked for a number of the world’s largest mining companies in increasingly senior technical and exploration management roles, culminating in the role of International Exploration Manager with Antofagasta plc from 2010 until 2019.
Alan obtained his PhD in Economic Geology at the University of Tasmania, Australia, in 2003, completing the first detailed geological and genetic study of the then-recently discovered Cadia alkalic gold-copper porphyry deposits of the Lachlan Fold Belt in New South Wales, Australia. This work, which is widely published, and subsequent exploration and technical evaluations of alkalic porphyry systems throughout the Lachlan Fold Belt, British Columbia and other emerging terranes globally, has established Alan as a recognized technical and exploration expert in this type of deposit. He is a Fellow of the Society of Economic Geologists and a Fellow of the Geological Society of London, through which he holds Chartered Geologist accreditation.
CopperBank CEO, Gianni Kovacevic comments; “I have known Alan since the foundation of CopperBank in 2014 and we have had a positive collaboration these past years. Alan’s deep understanding of copper porphyries, and in particular, his knowledge of the internal dynamics of the largest mining companies in the world will be a tremendous benefit to CopperBank’s team as we carefully assess our evolving corporate opportunities.”
The Company also announces that it has granted an aggregate of 325,000 incentive stock options, with an exercise price of $0.60. The Options can be exercised for a period of five years from the date of grant, are subject to the policies of the Canadian Securities Exchange and contain vesting provisions whereby 25% of the Options will vest six months from the date of grant and 25% vesting every six months thereafter.
About Copperbank Resources
CopperBank was created by a group of well respected investors, geologists and engineers to consolidate world-class copper properties and offer a unique “pounds in the ground” copper investment vehicle. Our strategy is to accretively advance our portfolio while managing the core business like owner operators and vehemently protecting our value offering on a per share basis. Due to our low overhead model and established suite of projects, CopperBank has one of the lowest G&A operating budgets of any publicly listed company in Canada. The management of CopperBank have demonstrated intensive insider buying distinguishing our brand as one of the most insider supported companies in North America.
Currently CopperBank holds four projects, Contact Copper located in Elko County, Nevada, Pyramid and San Diego Bay projects located on the Alaska Peninsula and the Copper Creek project located in Pinal County, Arizona. The companies initial public flotation at 0.10 per share was on November 7, 2014 and now trades on The Canadian Stock Exchange, Frankfurt Main Boerse and OTC in the USA.
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We acknowledge the [financial] support of the Government of Canada.