Handa Copper Corporation
TSX VENTURE : HEC

Handa Copper Corporation

April 08, 2015 07:00 ET

Handa Copper Corp. Announces Key Appointments to Its Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2015) - Handa Copper Corporation ("Handa Copper" or the "Company") - (TSX VENTURE:HEC) is pleased to announce the appointment of two highly experienced and copper-focused award-winning geologists to its newly created Advisory Board.

Dr. Ross McGowan and Thomas Rogers have vast experience exploring for copper in Africa and were recently recognized as key contributors to the team that received the 2015 PDAC Thayer Lindsley Award for the discovery of the Kamoa copper deposit in the Democratic Republic of Congo ("DRC"). Kamoa is Africa's largest high-grade copper discovery and the world's largest undeveloped high-grade copper mine.

Dr. McGowan has 16 years of academic, practical and corporate experience in the mining and exploration industry. In addition to being directly involved in the Kamoa discovery, he has worked in partnership with Anglo American as a PhD candidate, focusing on understanding the evolution of sediment hosted copper deposits within the Central African Copperbelt. Dr. McGowan has published academic papers on the origin of copper-cobalt deposits in the Zambian Copperbelt and has managed and executed drilling programs for regional exploration programs along with evaluation drill programs and bankable feasibility studies.

Thomas Rogers has 18 years of exploration experience covering a wide variety of geological environments and exploration techniques. Particular experience has been gained in the search for and evaluation of sediment-hosted Central African Copperbelt-style copper and cobalt mineralization in Zambia, the DRC and most recently the Republic of Congo ("RoC") where he directed an exploration project to the east of the Handa licenses for the last three years, and has gained particular insight into the controls of mineralization in this underexplored sedimentary basin. He has also managed the execution drilling programs from regional exploration through to bankable feasibility studies.

"We are excited to be part of Handa Copper's exploration team in the highly prospective but as yet unheralded West Congolian Belt. If initial results are any measure of long term success, we envision a bright future for this well-conceived, rapidly evolving exploration project," said Messrs. Rogers and McGowan.

"We are delighted that these two seasoned industry veterans, both of whom are familiar with the geology and potential of the region, have recognized Handa's potential and joined us in an advisory capacity," said Marek Kreczmer, Chief Executive Officer of Handa Copper," "I believe that their deposit-finding success at Kamoa will be repeated in the RoC."

"In recent years, they have also been involved in the planning and technical management of exploration programs across their privately held Armada Exploration's permits in the Nyanga Basin in the Republic of Gabon which extends into the RoC," added Mr. Kreczmer. "As fully engaged Advisory Board members, they will steepen the learning curve of our geological team, facilitating target selection and the exploitation of this potentially world class exploration asset."

Funds from the recent private placement (see News Release March 11, 2015) will be used as follows:

  • Follow-up mapping and sampling to improve the resolution of the Mbiongo and Tsangui drill targets complimented by hand-auger sampling as appropriate.
  • Initial mapping and soil sampling of further targets identified following a rigorous prioritisation of Handa Copper's 27 existing structural and geochemical targets.

About Handa Copper Corporation

The geological parallels between the RoC and the Central African Copperbelt (CACB), the world's richest copper province, have been recognized since the 1930s. However, sustained modern exploration has never been carried out on the former.

Previously undisclosed archival records acquired by the Company, which included more than 10,000 stream sediment and soil samples, confirm the potential for CACB-style copper deposits on the Company's exploration licenses in the RoC. In addition, new data from regional airborne magnetic surveys and geological mapping will assist the Company to effectively prioritize exploration targets for drilling in the second half of 2015.

FORWARD-LOOKING STATEMENTS

This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

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