CopAur Minerals Receives Five-Year Permit and Discuss Plans for Williams Property in British Columbia
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Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ("CopAur" or the "Company") is pleased to announce that its Board of Directors, with the support of management, has approved a strategy focused on the Company's Nevada properties. Additionally, the Company is considering various alternatives to maximize the current and future value of the Williams Property. These options include creating a new company, spinning out, joint venturing, or optioning the Williams Property. The objective is to advance the Williams Property while enabling CopAur to receive cash and shares upfront from any transaction, and to maintain long-term ownership in the Williams Property as we concentrate our exploration efforts in Nevada.
The Williams property is comprised of mining claims totalling 17,000 hectare consolidated land package with substantial gold and copper discovery potential and hosts two large exploration targets, the T-Bill prospect which is prospective for mesothermal style gold mineralization, and the GIC porphyry prospect which is prospective for porphyry copper-gold-molybdenum style mineralization.
T-Bill (Au-orogenic) highlights:
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High-grade epithermal gold mineralization hosted in quartz veins and vein breccias;
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3 x 2.5 km gold-in-soil anomaly with potential for multi-km extensions in newly discovered anomalous zones from 2021 exploration;
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On November 24, 2021 the Company announced diamond drill results that tested an ~300 metre of strike-length that returned 41.57 metres of 1.38 g/t Au, including 0.70 metres of 22.00 g/t Au (true width estimated to be 30-50% of drilled interval).
GIC Prospect (Cu-porphyry) highlights:
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4 km x 0.8 km east-west trending copper-gold (±molybdenum) geochemical and IP/resistivity geophysical anomaly with limited historical drilling;
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On August 16, 2022 the Company announced the discovery of a new gold zone discovered at west end of GIC target in recently completed 2022 drill hole WM22-02 yielded 2.2 g/t gold over 50 metres, including 10.5 metres of 4.2 g/t gold, terminating in mineralization (true width of the mineralized zone if not known).
The Company is also extremely pleased to report that is has recently received a new 5-year permit for the Williams project in the Toodoggone region of BC.
CEO Jeremy Yaseniuk stated, "We are currently exploring various options to benefit both existing and new shareholders of Copaur. Our aim, subject to successfully finalizing a deal with a new company for Williams, is to offer shareholders the opportunity to invest in the initial funding of this new Metals Group entity. Historically past initial fundings of Metals Group companies have preformed extremely well. However, past success does not guarantee future results. In anticipation of the Williams transaction, we plan to provide Copaur shareholders of record, as of the announcement date, an opportunity to participate in the new company. This is contingent on the successful completion of the transaction. Our strategy seeks to reward the loyalty of our longstanding shareholders and the trust of recent investors. This approach will also enable our management team to focus on expanding our Nevada portfolio, particularly the Kinsley Gold property, while allowing our shareholders to continue benefiting from the value of Williams. We expect to provide further updates soon."