CopAur Marked Significant Milestones in Mineral Exploration, Notably Drilling 32.3 Meters at 15.28 Grams Gold per Tonne and Uncovering Three New Potential High-Grade Expansion Corridors in the Western Flank Zone

Rhea-AI Summary

CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) achieved significant milestones in mineral exploration in 2023, with notable drilling results and the discovery of potential high-grade expansion corridors in the Western Flank zone. The company also successfully acquired a 50.01% stake in the Bolo project and confirmed the potential for rejuvenating the Historic Locke Gold Mine at Troy Canyon. Kinsley Mountain Project saw successful drilling and field work, with the discovery of both oxide and sulphide gold deposits, as well as high-grade sulphide drill results, positioning the company for a promising 2024. CEO Jeremy Yaseniuk highlighted the strategic importance of Kinsley Mountain and promised forthcoming announcements to elaborate on the company's focused approach for 2024, indicating a new era of growth and discovery for CopAur and its shareholders.

Vancouver, British Columbia--(Newsfile Corp. - January 10, 2024) - CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ("CopAur" or the "Company") In a productive 2023, CopAur marked significant milestones in mineral exploration, notably drilling 32.3 meters at 15.28 grams per tonne and uncovering three potential high-grade expansion corridors in the Western Flank zone. This achievement not only highlights CopAur's significant strides in mineral exploration but also lays the groundwork for the company's ambitious exploration initiatives in 2024.

Core at Kinsley Mountain Project

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CPAU Highlights:

Early 2023 Successes: The year began with a triumphant drill program at Bolo, enabling CopAur to acquire a 50.01% stake as the operator (see NR 1-11-2023).

Renaming and Revitalizing Troy Canyon: A visit to Troy Canyon led to the rechristening of the project as "The Historic Locke Gold Mine." The exploration confirmed the potential to possibly rejuvenate this mine, operational from late 1948 to early 1950, before its closure under the 1934 gold possession law.

Stope Rock Samples: Recent underground samples revealed exceptional gold and silver grades, with assays showing up to 576 g/t gold and 229 g/t silver.

2024 Priorities: With no drilling since 1950, Troy Canyon will be a focus area for 2024, with further updates to be announced.

Kinsley Mountain Gold Project:

2023 Drilling and Field Work: Three distinct areas, each approximately 500 meters apart, were the focus of 2023's drilling and field work.

Oxide and Sulphide Gold Deposits: Kinsley Mountain, uniquely hosting both deposits, saw multiple successful Oxide intersections, notably expanding the main Pit Zone (NR 10-4-2023 & 11-10-2023).

Historical and New Discoveries: The Main Pit Zone, operational from 1995 to 1999, produced 138,000 ounces at 1.34g/t. The new Oxide discovery at Secret Spot (see NR new placer dome April-6-2020) remains an exciting prospect for 2024.

Sulphide Drilling Success: Two high-grade sulphide drill results in 2023 have opened up three additional areas for expansion (NR 11-17-2023 & 9-29-2023).

Jeremy Yaseniuk, CEO of CopAur, emphasized the strategic importance of Kinsley Mountain, promising a series of forthcoming announcements to elaborate on the company's focused approach for 2024. This year is poised to be a flagship period for CopAur and its shareholders, signifying a new era of growth and discovery.

Drill Site at Kinsley Mountain Project in Nevada

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About CopAur

CPAU is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia. The Company is backed by a dynamic and experienced team of resource professionals advancing multiple holdings across both regions; the flagship being Kinsley Mountain Gold Property, a Carlin-style project located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture, Nevada Gold Mines) and its 100% owned Williams Project that points to significant gold-copper potential within the prolific Golden Horseshoe of northern British Columbia, Canada.

For more information, please contact:

CopAur Minerals Inc.

Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: jeremyy@CopAur.com

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

Forward-Looking Information

This news release contains forward-looking statements. These statements relate to future events or Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193749

FAQ

What are the ticker symbols for CopAur Minerals Inc.?

The ticker symbols for CopAur Minerals Inc. are TSXV: CPAU and OTCQX: COPAF.

What were CopAur's achievements in mineral exploration in 2023?

CopAur achieved significant milestones in mineral exploration in 2023, including notable drilling results and the discovery of potential high-grade expansion corridors in the Western Flank zone.

What was the company's stake in the Bolo project in 2023?

The company successfully acquired a 50.01% stake in the Bolo project in 2023.

What did CopAur confirm at Troy Canyon?

CopAur confirmed the potential for rejuvenating the Historic Locke Gold Mine at Troy Canyon.

What were the highlights of CopAur's work at Kinsley Mountain Project in 2023?

Kinsley Mountain Project saw successful drilling and field work, with the discovery of both oxide and sulphide gold deposits, as well as high-grade sulphide drill results.

Who is the CEO of CopAur Minerals Inc.?

Jeremy Yaseniuk is the CEO of CopAur Minerals Inc.

What did CEO Jeremy Yaseniuk emphasize about Kinsley Mountain?

CEO Jeremy Yaseniuk emphasized the strategic importance of Kinsley Mountain and promised forthcoming announcements to elaborate on the company's focused approach for 2024.