CopAur Minerals Engages Thorne Solutions for Nevada Permitting and Advances Work at Past-Producing Gold Projects
CopAur Minerals (COPAF) has engaged Thorne Solutions LLC to assist with permitting efforts at its two past-producing gold projects in Nevada - Kinsley Mountain and Troy Canyon. The company recently conducted a site visit, during which management met with Thorne Solutions' team and collected additional samples from Troy Canyon for analysis at ALS Laboratories.
The Kinsley project operated briefly under Alta Gold in the 1990s before closing in 1997, with operations relocated to Reno for a planned larger-scale operation that never materialized. Troy Canyon's gold production lasted only 14 months before being shut down due to a 1935 U.S. Congressional law. The company also announced the grant of 3,000,000 stock options to directors, officers, employees, and consultants at $0.15 per share, valid for five years.
CopAur Minerals (COPAF) ha incaricato Thorne Solutions LLC di supportare le attività di ottenimento dei permessi per i suoi due progetti auriferi in Nevada, entrambi già in passato in produzione: Kinsley Mountain e Troy Canyon. Recentemente, la società ha effettuato una visita in sito durante la quale il management ha incontrato il team di Thorne Solutions e raccolto ulteriori campioni da Troy Canyon per analisi presso i laboratori ALS.
Il progetto Kinsley ha operato brevemente sotto Alta Gold negli anni '90, chiudendo nel 1997, con le operazioni trasferite a Reno per un piano di attività su scala maggiore che però non si è mai concretizzato. La produzione aurifera di Troy Canyon è durata solo 14 mesi, fermata da una legge del Congresso USA del 1935. La società ha inoltre annunciato la concessione di 3.000.000 di opzioni azionarie a direttori, dirigenti, dipendenti e consulenti, a un prezzo di $0,15 per azione, valide per cinque anni.
CopAur Minerals (COPAF) ha contratado a Thorne Solutions LLC para asistir en los trámites de permisos en sus dos proyectos auríferos en Nevada que ya estuvieron en producción: Kinsley Mountain y Troy Canyon. Recientemente, la compañía realizó una visita al sitio, durante la cual la dirección se reunió con el equipo de Thorne Solutions y recogió muestras adicionales de Troy Canyon para análisis en los laboratorios ALS.
El proyecto Kinsley operó brevemente bajo Alta Gold en los años 90 antes de cerrar en 1997, trasladando las operaciones a Reno para un plan de operación a mayor escala que nunca se concretó. La producción de oro en Troy Canyon duró solo 14 meses antes de cerrarse debido a una ley del Congreso de EE.UU. de 1935. La empresa también anunció la concesión de 3.000.000 opciones sobre acciones a directores, ejecutivos, empleados y consultores a $0.15 por acción, válidas por cinco años.
CopAur Minerals (COPAF)는 네바다에 위치한 과거 금 생산 프로젝트 두 곳인 Kinsley Mountain과 Troy Canyon의 허가 절차를 지원하기 위해 Thorne Solutions LLC를 고용했습니다. 최근 회사는 현장 방문을 실시했으며, 경영진은 Thorne Solutions 팀과 만나 Troy Canyon에서 추가 샘플을 수집하여 ALS 연구소에서 분석을 진행했습니다.
Kinsley 프로젝트는 1990년대 Alta Gold 산하에서 잠시 운영되었으며 1997년에 폐쇄되었고, 이후 더 큰 규모의 운영을 위해 리노로 이전했으나 계획은 실현되지 않았습니다. Troy Canyon의 금 생산은 1935년 미국 의회 법률로 인해 14개월 만에 중단되었습니다. 또한 회사는 이사, 임원, 직원 및 컨설턴트에게 주당 $0.15의 가격으로 3,000,000주의 스톡 옵션을 부여했으며, 유효 기간은 5년입니다.
CopAur Minerals (COPAF) a fait appel à Thorne Solutions LLC pour l'aider dans les démarches d'obtention de permis pour ses deux projets aurifères en Nevada, déjà en production par le passé : Kinsley Mountain et Troy Canyon. La société a récemment réalisé une visite sur site, au cours de laquelle la direction a rencontré l'équipe de Thorne Solutions et prélevé des échantillons supplémentaires de Troy Canyon pour analyse dans les laboratoires ALS.
Le projet Kinsley a fonctionné brièvement sous Alta Gold dans les années 1990 avant de fermer en 1997, les opérations ayant été transférées à Reno pour un projet à plus grande échelle qui n’a jamais vu le jour. La production d’or de Troy Canyon a duré seulement 14 mois avant d’être arrêtée en raison d’une loi du Congrès américain datant de 1935. La société a également annoncé l’attribution de 3 000 000 d’options d’achat d’actions à des administrateurs, dirigeants, employés et consultants, au prix de 0,15 $ par action, valables cinq ans.
CopAur Minerals (COPAF) hat Thorne Solutions LLC beauftragt, bei den Genehmigungsverfahren für seine beiden früher produzierenden Goldprojekte in Nevada – Kinsley Mountain und Troy Canyon – zu unterstützen. Kürzlich führte das Unternehmen einen Vor-Ort-Besuch durch, bei dem das Management das Team von Thorne Solutions traf und zusätzliche Proben von Troy Canyon zur Analyse an die ALS-Labore entnahm.
Das Kinsley-Projekt wurde in den 1990er Jahren kurzzeitig von Alta Gold betrieben, bevor es 1997 geschlossen wurde. Die Aktivitäten wurden nach Reno verlegt, um einen größeren Betrieb zu planen, der jedoch nie umgesetzt wurde. Die Goldproduktion in Troy Canyon dauerte nur 14 Monate, bevor sie aufgrund eines US-Kongressgesetzes von 1935 eingestellt wurde. Das Unternehmen gab außerdem die Gewährung von 3.000.000 Aktienoptionen an Direktoren, Führungskräfte, Mitarbeiter und Berater zu einem Preis von 0,15 USD pro Aktie bekannt, gültig für fünf Jahre.
- Engagement of experienced permitting consultancy Thorne Solutions LLC to advance projects
- Active progress with site visits and sample collection for analysis
- Both projects have historical gold production, indicating proven mineralization
- Both projects have been inactive for extended periods (since 1990s for Kinsley, since 1935 for Troy Canyon)
- Stock option grant at $0.15 could potentially dilute existing shareholders
- Historical operations at both sites were short-lived before shutdowns
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company") is pleased to announce that it has engaged Thorne Solutions LLC, based in Carson City, Nevada, to support permitting efforts at the Company's Kinsley Mountain and Troy Canyon gold projects, both located in Nevada. These two projects are past-producing gold mines with potential for near-term advancement.
A recent site visit was conducted by Copaur management in Nevada, including an on-site meeting with the team at Thorne Solutions LLC, a consultancy with extensive experience in securing exploration and production permits in the state. Thorne Solutions specializes in guiding mining projects through the regulatory process from initial drilling through to production or restart.
As part of the site visit, additional samples were collected from the Troy Canyon Gold Mine and have been submitted to ALS Laboratories for processing and analysis.
Troy Canyon, Old Mine site
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https://images.newsfilecorp.com/files/7895/251256_c0db700aa4d02977_002full.jpg
Jeremy Yaseniuk, CEO of Copaur Minerals, commented, "Both Kinsley and Troy Canyon are compelling projects that we believe hold strong potential for renewed development. The Kinsley project last operated under Alta Gold in the 1990s but was shut down in 1997 after only two years of production. Operations and equipment were relocated to Reno in anticipation of a larger-scale operation that, for various reasons, did not proceed. Troy Canyon produced gold for just 14 months before being abruptly shut down due to the enforcement of a 1935 U.S. Congressional law prohibiting private gold production. During our recent site visit, we were amazed to see ore carts and buckets still full-frozen in time since the last day of work."
Stock Option Grant
The Company also announces that its Board of Directors has approved the grant of 3,000,000 stock options to directors, officers, employees, and consultants. The options are exercisable at a price of
About CopAur
CopAur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada with the flagship project being Kinsley Mountain Gold Project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).
ON BEHALF OF THE BOARD OF COPAUR MINERALS INC.
Jeremy Yaseniuk, Chief Executive Officer
For more information, please contact:
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 the Company's future performance, including the Company's plans to settle part of the Loan principal in Debt Units and the requirement of obtaining TSXV approval. 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/251256
FAQ
What is the significance of CopAur Minerals (COPAF) engaging Thorne Solutions LLC?
Why did the Kinsley Mountain gold project stop operating in 1997?
What caused the Troy Canyon gold mine to cease operations historically?
What are the details of COPAF's recent stock option grant?
