CopAur Minerals Refocuses on Flagship Asset and Applies for Permits at Kinsley Mountain, Nevada
CopAur Minerals (TSXV: CPAU) has announced its decision to cancel the planned acquisition of the Royal Vindicator Mine in Georgia, USA, to focus exclusively on its 100%-owned Kinsley Mountain Oxide Gold Project in Nevada. The company is advancing permit applications to test the reclaimed heap leach pad and has hired Sara Thorne as a mine permitting specialist to develop a comprehensive plan for resuming operations.
The Kinsley Mountain Mine, which operated from 1995 to 1999 when gold prices were around US$350-370 per ounce, has seen over 20,000 meters of drilling since 2020. CopAur sees potential to expand the historic Main Pit Oxide Gold Resource and believes the project offers opportunities for low-cost, near-term gold production, leveraging existing infrastructure.
CopAur Minerals (TSXV: CPAU) ha annunciato la decisione di annullare l'acquisizione prevista della Royal Vindicator Mine in Georgia, USA, per concentrarsi esclusivamente sul suo progetto aurifero ossidato Kinsley Mountain, di cui detiene il 100% in Nevada. La società sta avanzando con le domande di permesso per testare la piattaforma di heap leach recuperata e ha assunto Sara Thorne come specialista in autorizzazioni minerarie per sviluppare un piano completo per la ripresa delle operazioni.
La miniera di Kinsley Mountain, attiva dal 1995 al 1999 quando il prezzo dell'oro era intorno a 350-370 dollari USA per oncia, ha visto oltre 20.000 metri di perforazioni dal 2020. CopAur intravede il potenziale per espandere la storica risorsa aurifera ossidata della Main Pit e ritiene che il progetto offra opportunità di produzione aurifera a basso costo e a breve termine, sfruttando le infrastrutture esistenti.
CopAur Minerals (TSXV: CPAU) ha anunciado su decisión de cancelar la adquisición planificada de la mina Royal Vindicator en Georgia, EE. UU., para enfocarse exclusivamente en su proyecto de oro oxidado Kinsley Mountain, del cual posee el 100% en Nevada. La compañía está avanzando con las solicitudes de permisos para probar la plataforma de lixiviación en pilas recuperada y ha contratado a Sara Thorne como especialista en permisos mineros para desarrollar un plan integral para reanudar las operaciones.
La mina Kinsley Mountain, que operó desde 1995 hasta 1999 cuando los precios del oro rondaban los 350-370 dólares estadounidenses por onza, ha tenido más de 20,000 metros de perforaciones desde 2020. CopAur ve potencial para expandir el histórico recurso de oro oxidado de la Main Pit y cree que el proyecto ofrece oportunidades para una producción de oro de bajo costo y a corto plazo, aprovechando la infraestructura existente.
CopAur Minerals (TSXV: CPAU)는 미국 조지아에 위치한 Royal Vindicator 광산 인수를 취소하고, 네바다에 100% 소유한 Kinsley Mountain 산화 금 프로젝트에 전념하기로 결정했다고 발표했습니다. 회사는 복구된 힙 리치 패드 시험을 위한 허가 신청을 진행 중이며, 운영 재개를 위한 종합 계획을 수립하기 위해 광산 허가 전문가인 Sara Thorne을 고용했습니다.
Kinsley Mountain 광산은 1995년부터 1999년까지 운영되었으며 당시 금 가격은 온스당 약 350~370 미국 달러였습니다. 2020년 이후 2만 미터 이상의 시추가 이루어졌습니다. CopAur는 역사적인 메인 피트 산화 금 자원을 확장할 잠재력을 보고 있으며, 기존 인프라를 활용하여 저비용 단기 금 생산 기회를 제공한다고 믿고 있습니다.
CopAur Minerals (TSXV : CPAU) a annoncé sa décision d'annuler l'acquisition prévue de la mine Royal Vindicator en Géorgie, aux États-Unis, afin de se concentrer exclusivement sur son projet aurifère oxydé Kinsley Mountain, dont elle détient 100 % dans le Nevada. La société avance dans les demandes de permis pour tester la plateforme de lixiviation en tas récupérée et a engagé Sara Thorne en tant que spécialiste des permis miniers pour élaborer un plan complet de reprise des opérations.
La mine Kinsley Mountain, exploitée de 1995 à 1999 lorsque le prix de l'or était d'environ 350-370 dollars US l'once, a fait l'objet de plus de 20 000 mètres de forage depuis 2020. CopAur voit un potentiel d'expansion de la ressource historique d'or oxydé de la fosse principale et estime que le projet offre des opportunités de production d'or à faible coût et à court terme, en tirant parti des infrastructures existantes.
CopAur Minerals (TSXV: CPAU) hat beschlossen, die geplante Übernahme der Royal Vindicator Mine in Georgia, USA, zu stornieren, um sich ausschließlich auf das zu 100 % im Besitz befindliche Kinsley Mountain Oxid-Goldprojekt in Nevada zu konzentrieren. Das Unternehmen arbeitet an Genehmigungsanträgen, um die wiederhergestellte Heap-Leach-Anlage zu testen, und hat Sara Thorne als Spezialistin für Bergbaubewilligungen eingestellt, um einen umfassenden Plan für die Wiederaufnahme der Betriebsaktivitäten zu entwickeln.
Die Kinsley Mountain Mine, die von 1995 bis 1999 in Betrieb war, als die Goldpreise bei etwa 350-370 US-Dollar pro Unze lagen, wurde seit 2020 mit über 20.000 Metern Bohrungen untersucht. CopAur sieht Potenzial zur Erweiterung der historischen Oxid-Gold-Ressource der Hauptgrube und ist überzeugt, dass das Projekt Chancen für eine kostengünstige, kurzfristige Goldproduktion bietet, indem bestehende Infrastruktur genutzt wird.
- None.
- Cancellation of Royal Vindicator Mine acquisition indicates change in strategy
- Previous operator Alta Gold declared bankruptcy after exiting the asset
- Permits still pending for heap leach pad testing and mine operations
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2025) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company" or "CopAur") announces that it will not be proceeding with the proposed acquisition of the Royal Vindicator (RV) Mine in Georgia, USA. The Company has made the strategic decision to focus its full attention and resources on advancing its
As part of this renewed focus, CopAur is processing a permit application to test the reclaimed heap leach pad at the Kinsley Mountain Project, and the Company has engaged Sara Thorne, a mine permitting specialist, to prepare a comprehensive plan to resume full mine operations and production.
The Kinsley Mountain Mine was in production from 1995 to 1999 when gold prices were between US
Since 2020, CopAur and its former partners have completed over 20,000 meters of drilling, with the potential to expand the historic Main Pit Oxide Gold Resource. The Company believes the Kinsley Mountain project offers a compelling opportunity for low-cost, near-term gold production supported by existing infrastructure and a favorable jurisdiction.
This strategic realignment underscores CopAur's commitment to creating shareholder value through disciplined project development and a focus on assets with clear upside potential.
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.
Conrad Swanson, Chairman
For more information, please contact ir@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. 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.
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FAQ
Why did CopAur Minerals (CPAU) cancel the Royal Vindicator Mine acquisition?
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How much drilling has been completed at Kinsley Mountain since 2020?
What steps is CopAur taking to restart operations at Kinsley Mountain?
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