CopAur's JV Partner Intersects 6.22 g/t Gold over 18.98 Metres, Within 3.16 g/t Gold over 44.32 Metres at the Williams Property

Rhea-AI Summary

CopAur Minerals (TSXV: CPAU) (OTCQX: COPAF) reports significant progress at the Williams Property in Northern British Columbia through its joint venture partner, Omega Pacific Resources. Recent drilling results show impressive intersections of 6.22 g/t Gold over 18.98 metres, within 3.16 g/t Gold over 44.32 metres. Omega Pacific has earned a 51% interest in the project and is working towards an 80% stake through a $6 million investment commitment and issuance of 5 million shares. The company has expanded drill intersections, secured additional strategic ground, and extended the GIC target. CopAur will now focus on advancing its 100%-owned Kinsley Project and exploring the historic Locke Gold Mine.

Positive

• High-grade gold intersections: 6.22 g/t Au over 18.98m within 3.16 g/t Au over 44.32m
• JV partner successfully earned 51% interest through project advancement
• Expansion of drill intersections and strategic ground acquisition

Negative

• Dilution of CopAur's interest in Williams Property from 100% to 49%, potentially decreasing to 20%

Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ("CopAur" or the "Company") is pleased to update shareholders on the significant progress made at the Williams Property in Northern British Columbia by our joint venture partner, Omega Pacific Resources. Omega Pacific is earning an 80% interest in the project through an investment commitment of $6 million and the issuance of 5 million shares.

In 2024, Omega Pacific Resources achieved remarkable milestones, successfully expanding drill intersections, securing additional strategic ground, and staking further property to extend the promising GIC target.

For full details, please refer to Omega Pacific's news release dated October 28th, 2024 or visit their website at omegapacific.ca.

We congratulate Omega Pacific on achieving a 51% interest in the Williams Project and are optimistic about continued exploration success in the upcoming 2025 season.

Moving forward, CopAur's primary focus will shift to advancing our 100%-owned Kinsley Project and exploring the potential of the historic Locke Gold Mine.

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 the 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. 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/228752

FAQ

What are the latest gold drilling results at CopAur Minerals' (COPAF) Williams Property?

The latest drilling results at the Williams Property show intersections of 6.22 g/t Gold over 18.98 metres, within a broader zone of 3.16 g/t Gold over 44.32 metres.

What is the joint venture agreement between CopAur Minerals (COPAF) and Omega Pacific for the Williams Property?

Omega Pacific is earning an 80% interest in the Williams Property through a $6 million investment commitment and the issuance of 5 million shares. They have already earned a 51% interest in the project.

What are CopAur Minerals' (COPAF) next focus projects after the Williams Property development?

CopAur Minerals will shift its primary focus to advancing its 100%-owned Kinsley Project and exploring the potential of the historic Locke Gold Mine.