Coast Copper Acquires the Shovelnose South Property located in the Spences Bridge Belt, British Columbia TSX. V: COCO
Coast Copper Acquires the Shovelnose South
Property located in the Spences Bridge Belt,
British Columbia
TSX. V: COCO
VANCOUVER, BC
,
April 11, 2022
/CNW/ -
Coast Copper Corp. ("Coast Copper" or the
"Company");
(TSXV: COCO) has acquired, through staking the Shovelnose South property (the
"
Property
") located in south-central
British Columbia
, within the
Spences Bridge
geological belt
which hosts epithermal gold and silver mineralization, including the Shovelnose deposit, owned by
Westhaven Gold Corp., located approximately 45 kilometers ("
km
") northwest of the Property. See
Figure 1. The Shovelnose South property is approximately 50 km south of Coast Copper's Home
Brew Property.
COCO NR2022-08 Figure 1 (CNW Group/Coast Copper Corp.)
Adam Travis
, Coast Copper CEO comments, "
We are very pleased that we were able to stake the
Shovelnose South property, which is located within the
Spences Bridge
belt on trend of the new
discoveries by Westhaven Gold. This area is easily accessible throughout a network of logging
roads and can be explored for most of the year. I am excited to be able to add this greenfield
property to Coast Copper's portfolio, which we can explore while awaiting results from our Empire
Mine property."
About Coast Copper Corp.
Coast Copper's exploration focus is the optioned Empire Mine property, located on northern
Vancouver Island, BC, which covers three historical open pit mines and two past-producing
underground mines that yielded iron, copper, gold and silver. Coast Copper's other properties
include its 100% owned
Eldorado
, Gin and Bonanza properties located in BC's prolific Golden
Triangle district which are adjacent to Newcrest Mining Limited's and Imperial Metals Corporation's
Red Chris Mine
, its Knob Hill NW Property located on northern Vancouver Island and its 100%
owned Sterling and Home Brew properties which are located in central BC. Coast Copper's
management team continues to review precious and base metals opportunities in western
North
America
.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis
, Chief Executive Officer and Director
NR22-08
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 release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any
information
regarding the proposed Transaction, private placement, board and management
changes,
as to
our strategy, projects, plans or future financial or operating performance, constitutes
"forward-looking statements." All statements, other than statements of historical fact, are to be
considered forward-looking statements. Forward-looking statements are necessarily based on a
number of estimates and assumptions that, while considered reasonable by Coast Copper, are
inherently subject to significant business, economic, geological and competitive uncertainties and
contingencies. Although Coast Copper believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance. Known and unknown factors could cause actual results to differ materially
from those projected in the forward-looking statements. Such factors include but are not limited to:
fluctuations in market prices, exploration and exploitation successes, continued availability of
capital and financing, changes in national and local government legislation, taxation, controls,
regulations, expropriation or nationalization of property and general political, economic, market or
business conditions. Many of these uncertainties and contingencies can affect our actual results
and could cause actual results to differ materially from those expressed or implied in any forward-
looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking
statements are not guarantees of future performance and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. All of the forward-looking statements made in this press
release, or incorporated by reference, are qualified by these cautionary statements. We do not
assume any obligation to update any forward-looking statements.
SOURCE
Coast Copper Corp.
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For further information:
Adam Travis, CEO, Coast Copper Corp., 409 Granville Street, Suite 904,
Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E: [email protected]
CO: Coast Copper Corp.
CNW 14:20e 11-APR-22