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Re: News Release - Friday, June 20, 2008
Global Copper reports results from ten further drill holes at
Relincho including 756 and 626 meters grading 0.74% and 0.76%
Copper Equivalent
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Vancouver, British Columbia -- Global Copper Corp. ("Global") is
pleased to announce results from a further ten holes in the sulphide
drilling program at its Relincho copper-molybdenum project in Chile.
Results are highlighted by step-out holes RG06-224 which graded 756
meters grading 0.59% copper and 0.025% molybdenum (0.74% copper
equivalent**) including 128 meters grading 0.81% copper and 0.068%
molybdenum (1.22% copper equivalent**) and RG08-231 that returned 626
meters grading 0.57% copper and 0.031% molybdenum (0.76% copper
equivalent**).
The latest batch of drill holes were primarily located to expand the
area between Relincho and Las Guias to the south, north and to depth
(four holes), explore the Las Guias Zone to the east and to depth
(three holes) and connect the Las Guias and Marja zones (three holes).
The long intercepts of copper-molybdenum mineralization encountered in
all of the step-out and infill holes attest to the continuity of the
mineralization.
These holes confirm that mineralization at Relincho occurs in a broad
envelope centered on the contacts of a porphyry copper intrusion that
occurs at surface at Relincho, at depth at Las Guias and is interpreted
to exist below the base of the present drilling at Marja. There is
insufficient geological information to calculate true widths of drill
intercepts.
The assay results from the ten new holes are shown in the table below.
A map is provided to show the location of the drill holes.
Follow the link below to vew Table and Map:
http://www.globalcoppercorp.com/s/NewsReleases.asp?ReportID=308613
* Diamond drill holes have been drilled from the bottom of previously
drilled RC holes (pre-collars). For that reason the number of the
pre-collar is not the actual order in which these holes were drilled as
part of the sulphide program. The first column indicates the sequence
in which the sulphide holes were drilled.
**Copper equivalent is calculated for primary sulphide intervals using
US$1.00/lb Cu and US$6.00/lb Mo and is not adjusted for metallurgical
recoveries as these remain uncertain. The formula used is as follows:
CuEQ = Cu% + Mo% x 6.All intervals are in sulfide mineralization unless
otherwise noted.
To date, 107 holes totaling 68,921 meters have been completed in the
sulphide drill program.
The 43-101 technical report, detailing the current oxide and sulphide
mineral resource estimates, can be viewed on both the Global website at
www.globalcoppercorp.com and SEDAR at www.sedar.com.
Leo Hathaway, P.Geo., is the Qualified Person as defined by National
Instrument 43-101 for the Relincho Project and has reviewed and
approved the contents of this news release. The quality
assurance/quality control program is monitored by independent
consultant Dr. Bruce M. Davis, Chief Geostatistician for Norwest
Corporation and managed on site by Patricio Valenzuela, a Chilean
geologist with over 24 years of experience. Logging and sampling are
completed at Global's secure facility located at the project. The
drill cores are mechanically split on site and samples securely
transported to the ACME's facilities in Santiago, Chile for sample
preparation and analysis. Total copper content is determined by
three-acid digestion with atomic absorption finish. Global inserts
standards, blanks and duplicates selected on a random basis into the
sample stream and sends 5% of the sample pulps to check laboratories in
Santiago, Chile.
GLOBAL COPPER CORP.
Signed: "David Strang"
David Strang, President & CEO
For further information contact:
David Strang, President & CEO
dstrang@globalcoppercorp.com
tel: + 604 687 0407
fax: + 604 687 7041
CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release
contains "forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Forward-looking statements include,
but are not limited to, statements with respect to the future price of
gold, silver, copper and molybdenum, the timing of exploration
activities, the estimation of mineral reserves and mineral resources,
the results of drilling, estimated future capital and operating costs,
future stripping ratios, projected mineral recovery rates and Global
Copper's commitment to, and plans for developing any of its projects.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "can", "could", "would",
"might" or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Global Copper to be materially different
from those expressed or implied by such forward-looking statements,
including but not limited to: risks related to the exploration and
potential development of the Company's projects, risks related to
international operations, the actual results of current exploration
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, future prices of gold,
silver, copper and molybdenum, as well as those factors discussed in
the sections relating to risk factors of our business filed in Global
Copper's required securities filings on SEDAR. Although Global Copper
has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results to be
materially different from those anticipated, described, estimated,
assessed or intended.
There can be no assurance that any forward-looking statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Global Copper does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in
accordance with applicable securities laws.
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Copyright (c) 2008 GLOBAL COPPER CORP. (GLQ) All rights reserved. For
more information visit our website at http://www.globalcoppercorp.com/
or send mailto:info@globalcoppercorp.com
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