Copperhead Resources Options Twilite Gold Project in Central Newfoundland Gold Belt
Copperhead Resources Options Twilite Gold
Project in Central Newfoundland Gold Belt
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Copperhead Resources Inc. (CSE:
CUH) ("Copperhead" or the "Company") is pleased to announce that it has entered into an option
agreement dated August 18, 2025 (the "Agreement") with TRU Precious Metals Corp. (TSXV: TRU) (the
"Optionor"), pursuant to which Copperhead may acquire a 100% ownership interest in 65 mineral claims
located in Central Newfoundland and known as the Twilite Gold Project ("Twilite") (see Figure 1).
Copperhead's President and CEO, Damian Lopez, commented: "Twilite represents Copperhead's entry
into the burgeoning Central Newfoundland Gold Belt, adding a more advanced exploration-stage asset
to our portfolio. Historical and recent work at Twilite, including drilling, has returned encouraging results,
and Twilite's proximity to major gold discoveries adds to its potential and appeal in a very strong gold
price environment. Furthermore, certain of our directors and officers were previously involved with Twilite
and/or the Optionor in various capacities, giving the Copperhead team excellent institutional knowledge,
on-the-ground relationships, and proprietary insights into how to most effectively advance Twilite."
Figure 1 Twilite - Property Location Map
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Twilite
Twilite consists of 65 units covering 1,625 hectares and is considered to be associated with an
Orogenic gold system. Twilite shares many characteristics with Equinox Gold's pre development
Valentine Lake Gold Project, which is located approximately 110 kilometres (km) southwest.
Twilite has previously been explored but not extensively followed up, with the most recent notable
program carried out in 2021 by the Optionor. A 12-hole, 2,577 metre (m) diamond-drill program was
completed in July 2021, which successfully intersected the widest section of the mineralized shear zone
to date and encountered gold in several holes, including most notably (see Figure 2):
11.5m with 1.03 g/t gold (Au) in hole TL-21-17
10.5m with 1.07 g/t Au in hole TL-21-16
6.0m with 1.06 g/t Au in hole TL-21-18
3.0m with 0.85 g/t Au in hole TL-21-20
2.0m with 1.0 g/t Au in hole TL-21-27
Figure 2 Twilite Drill Program - Drillhole Location Map
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Terms of the Agreement
In order to exercise its option to acquire a 100% interest in Twilite, the Company must make the
following cash payments and exploration expenditures, and must issue the following common shares in
the capital of the Company ("Shares"):
1
.
pay $25,000 in cash on August 18, 2025 (paid);
2
.
on or beforeAugust 18, 2027, incur exploration expenditures of an aggregate of $75,000 plus
applicable taxes; and
3
.
on or beforeAugust 18, 2027: (i) pay additional $200,000 in cash to the Optionor; and (ii) issue
such number of Shares to the Optionor as is equal in value to $300,000, at a deemed price per
Share equal to the closing price of the Shares on the Canadian Securities Exchange on the day
immediately prior to the Share issuance.
Upon exercise of the option, Copperhead will grant the Optionor a 2.0% net smelter returns ("NSR")
royalty from any future mineral production at Twilite.
Twilite is also subject to legacy NSR royalties arising from prior transactions:
1.0% NSR held by GBC Grand Exploration Inc., of which 0.5% can be repurchased for $1,000,000,
and subject to additional royalties based on resource delineation; and
2.0% NSR held by George Lannon and Tom McLennon, of which 1.0% can be repurchased for
$1,000,000.
Qualified Person and National Instrument 43-101 Disclosures
Barry Greene, P.Geo. (NL) is a qualified person as defined by National Instrument 43-101 and has
reviewed and approved the contents and technical disclosures in this press release. Mr. Greene is a
director of the Company and owns securities of the Company.
Most of the technical information herein relating to Twilite has been taken from TRU press releases
dated October 14, 2020, August 18, 2021, September 15, 2021 and October 8, 2021. Copperhead has
not independently verified this information.
Copperhead has not verified the historical assay results contained in this press release and is not relying
on them as current mineral resources or mineral reserves. Note that grab and channel samples and drill
hole results are select samples and are not necessarily representative of the overall mineralization on
Twilite. Readers are cautioned that these potential grades are conceptual in nature; there has been
insufficient exploration by Copperhead or its qualified person at Twilite to define a mineral resource or
mineral reserve; and it is uncertain whether further exploration will result in these targets being delineated
as a mineral resource or mineral reserve.
About Copperhead Resources Inc.
Copperhead Resources Inc. is a mineral resource company engaged in the business of acquiring and
exploring mineral resource properties, with a focus on critical elements and precious metals. The
Company holds an option to acquire a majority interest in the Red Line Project in British Columbia, and
another option to acquire the Twilite Gold Project located in the Central Newfoundland Gold Belt. From
time to time the Company may also evaluate and acquire other mineral properties of merit, containing a
variety of metals and minerals and located in a variety of geographical jurisdictions.
For further information about Copperhead, please contact:
Damian Lopez
President & CEO
Copperhead Resources Inc.
Phone: 647-368-7789
Email:
Cautionary Statements Regarding Forward-Looking Information
This press release contains certain forward-looking statements, including those relating to exploring
Twilite and the Company's competitive advantages relating thereto. These statements are based on
numerous assumptions regarding Twilite and the Agreement that are believed by management to be
reasonable in the circumstances, and are subject to a number of risks and uncertainties, including
without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily
indicative of mineralization hosted on Twilite; the exploration potential of Twilite and the nature and style
of mineralization at Twilite; risks inherent in mineral exploration activities; the risk that the Company will
not be able to raise sufficient funds to carry out its business plans; volatility in financial markets,
economic conditions, and resource commodities prices; and those other risks described in the
Company's continuous disclosure documents. Actual results may differ materially from results
contemplated by the forward-looking statements herein. Investors and others should carefully consider
the foregoing factors and should not place undue reliance on such forward-looking statements. The
Company does not undertake to update any forward-looking statements herein except as required by
applicable securities laws.
Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this release.
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