VANCOUVER, BC / ACCESSWIRE / January 24, 2018 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE: CBK; OTC PINK: CPPKF; FRA: 9CP) announces that its board of directors has established a special committee to comprehensively review valuation metrics for its 100% owned Contact Copper Oxide Project (the "Project"), located on private property in Elko County, Nevada. The Company has received various levels of interest in the Project, so it is creating this committee to equip the board to evaluate the various options available, provide peer group comparisons, and better enable management to consider next steps with the Project to unlock shareholder value.
Gianni Kovacevic, CopperBank Executive Chairman, comments, "The table top optimization studies that we have concluded in the past months demonstrate various cost effective initiatives that could significantly improve project economics. With the rise in copper prices compounded with the recently enacted lowering of corporate tax rate in the United States to 21%, a top-to-bottom re-evaluation of the project is the prudent thing to do for our shareholders."
About Contact
Contact Copper is a 100% owned pre-feasibility stage copper oxide project located on private property in Elko County, Nevada. U.S Highway 93 runs along the east side of the project along with a 138 KV transmission line. The project is located in an area of arid rolling hills, and the project geology has the advantage of being conducive to the low cost heap leach SX-EW method of extraction.
For more information on CopperBank Resources, visit the website at www.copperbankcorp.com.
CopperBank is a Canadian exploration mining company focused on energy-related metal exploration in The United States of America. The Company trades on the Canadian Securities Exchange - CSE - under the symbol "CBK."
