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Peter Hawley, Chairman, CEO reports; A total of 19 specific areas were mapped and prospected during the 2021 field campaign. We previously reported our findings on the Lady Luck occurrence at the southern end of the Neil property, followed by the Mac; 8A, Harris, 2a and 2b, the Creek, South Keays and Belcher Creek. We now turn our attention to the Magnum Mine copper deposit.” See Figure 2 below.

Figure 2- Neil property, location of Magnum mine copper deposit

The mineralization of the Magnum deposit consists of varying proportions of ankerite, quartz, chalcopyrite and pyrite, in partially replaced remnants of the sedimentary host rock. To date, a total of ten veins have been identified, ranging in width from less than 3 feet (0.9 meters) to 25 feet (7.6 meters), showing lateral and depth continuity.. The main developed veins are almost vertical. See photo 1 below.

The Magnum Vein trend is also defined by a versatile time-domain electromagnetic (VTEM) geophysical signature. See Figure 3 below.

Photo 1 – Surface expression of the Magnum vein, Neil property

Figure 3 – Magnum vein VTEM signature

Figure 4 – UAV drone study area

As part of the 2021 exploration, 5 selected areas were surveyed by an unmanned aerial vehicle (UAV). A photogrammetric survey was completed over the Harris, Eagle, Neil and Magnum veins by Drone North, see Figure 4 above for the Magnum survey area.

The purpose of the UAV photogrammetry surveys was to:

(i) Generate high resolution photogrammetric datasets for the target vein to better understand bedrock controls on copper mineralization.

(ii) Generate high-resolution digital terrain models (DTMs) to aid in 3D modeling of targets.

(iii) Generate reference images to record the current state of surface disturbances at sites that will be actively explored in the coming years.

The equipment used to perform the UAV photogrammetry surveys consisted of a 20-megapixel DJI Phantom 4 Pro v2.0 optical camera drone with both a mechanical shutter and an upgraded L1/L2 Global Navigation Satellite System (GNSS) receiver. A Sunnav G10 multi-frequency base station was configured to allow PPK corrections of UAV mobile receiver location information. See Figure 5 below.

Figure 5 – UAV drone study area

Ground control point (GCP) data was acquired during the survey. Twenty-five field-following missions were carried out to survey the Magnum target with a total of 5,419 photographs acquired during the survey, and the final GSD (resolution) was 4.55 cm for the orthomosaic and 18.2 cm for the digital surface model (DSM).

Figure 6 – UAV Magnum mining survey data points

Data products generated include 3-23 cm resolution color orthophoto mosaics, digital surface models (DSM) and digital terrain models (DTM). Shading models were also generated for

each target area. Precision ground control point data (1-3 cm) was also acquired at the time of the UAV survey. See Figures 7, 8 below.

Figure 7- Digital color orthophoto model

Figure 8- Hill Shade digital model

The data generated was used for field targeting of visual occurrences of copper on the color orthophoto due to the 3cm resolution which led to the field examination of the mineralized unit at the sampling of the Magnum vein where a total of 20 samples were first taken. pass the assessment. See figures 9, 10 below. Click the link here to see the drone flight mission.

Figure 9 – Explosion of copper mineralization on the Magnum deposit

Figure 10- Magnum 2021 sample locations plotted on a 3D tilted digital red line vein plot

Additionally, using various filter parameters, the UAV drone survey area was assessed for silica occurrences such as the quartz that hosts the Magnum deposit. This survey showed very strong silica anomalies on the other side of the mountain that hosts the Magnum deposit and this will be followed up in the 2022 field season.

Figure 11 – Magnum Silica Alteration Locations

Go forward

Using the results of the data collected by the UAV drone during the 2021 field season, the field team will further sample and map the Magnum deposit in addition to traversing the southeast side of the hill to investigate the silica anomalies.

An additional press release on sampling and results from the Magnum deposit will be released in the coming weeks.

About Fabled Copper Corp.

Fabled Copper is a junior mining exploration company. Its current focus is to create value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard mining division in northern British Columbia.

Mr. Peter J. Hawley, President and CEO
Fabled Copper Corp.
Telephone: (819) 316-0919
[email protected]

For more information, please contact:
[email protected]

The technical information contained in this press release has been approved by Peter J. Hawley, P.Geo. President and Chief Executive Officer of Fabled, who is a Qualified Person within the meaning of National Instrument 43-101 – Disclosure Standards for Mining Projects.

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute “forward-looking information” as that term is used in applicable Canadian securities laws. Forward-looking information is based on management’s plans, expectations and estimates as of the date the information is provided and is subject to certain factors and assumptions, including that the Company’s financial condition and development plans do not change. not as a result of unforeseen events and that the Company obtains all required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual plans, estimates and results to differ materially from those projected in such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the impacts of the coronavirus or other epidemics, general economic conditions in Canada, the United States and around the world; industry conditions, including fluctuations in commodity prices; government regulation of the mining industry, including environmental regulation; geological, engineering and drilling issues; unforeseen operating events; competition and/or inability to retain rigs and other services; the availability of capital

on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; commodity market price volatility; liabilities inherent in mining operations; changes in tax laws and incentive programs related to the mining industry; as well as other risks and uncertainties applicable to the Company as set forth in the Company’s continuous disclosure documents filed under the Company’s profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, except as required by applicable law.

THE SOURCE:Fabled Copper Corp.

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