CopAur Minerals Engages Thorne Solutions for Nevada Permitting and Advances Work at Past-Producing Gold Projects
Rhea-AI Summary
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.
Positive
- 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
Negative
- 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
News Market Reaction – COPAF
On the day this news was published, COPAF declined 1.76%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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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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?
