FULL DISCLOSURE: This is sponsored content for Canadian Copper.
Canadian Copper (CSE: CCI) has submitted a notice of planned work to the government of New Brunswick for further exploration at the Murray Brook East project.
The planned program, which follows the company raising gross proceeds of $515,000 through a flow through financing, will see the company conduct prospecting and geologic mapping, trench work, and a small drill program.
The notice of planned work will enable Canadian copper to excavate up to 14 trenches that are up to 20 metres wide and 300 metres long, while the planned drilling is said to consist of near surface drill holes that will test known geochemical and geophysical targets.
Exploration under the program is set to begin in the second quarter of 2024. The current program has a budget of approximately $500,000.
The flow through financing saw 2.7 million flow through shares sold at a price of $0.19 per each. No warrant was included with the financing.
Canadian Copper last traded at $0.165 on the CSE.
FULL DISCLOSURE: Canadian Copper is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Canadian Copper. The author has been compensated to cover Canadian Copper on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
