Coast Copper Continues Strategic Acquisitions through Staking and Announces Hanson Property Update
Coast Copper Continues Strategic
Acquisitions through Staking and
Announces Hanson Property Update
TSX.V: COCO
NR25-01 Figure 1: Coast Copper BC Properties (CNW Group/Coast
Copper Corp.)
VANCOUVER, BC, Jan. 21, 2025 /CNW/ - Coast Copper Corp.
("Coast Copper" or the "Company") (TSXV: COCO) is pleased to
announce the staking of strategically located mineral properties in
British Columbia ("BC") Canada as well as the results of continued
compilation work on its 100% owned Hanson property in
northwestern BC (see news release for acquisition details December
10, 2024). The five new properties include the Rock Canyon South
rare earth and fluorite property in southeastern BC, the Virginia Silver
high grade past producing silver project in northwestern BC, the Ben
Nevis orogenic gold property located in the Bralorne Camp in
southwestern BC, and additional properties in the Anyox camp areas
in northwestern BC. See Figure 1. These properties add to the
Company's stated 2024 goals of making strategic acquisitions of
underexplored projects with a hybrid project generator model.
Although Coast Copper's Empire Mine project is still its flagship
property, Coast Copper will continue to acquire strategic properties
that will help position it for success in a rising metals market.
Adam Travis, Coast Copper CEO comments: "We continue to
leverage our hundreds of years of combined BC exploration
experience by staking prospective ground. The recent acquisitions
include the rare earth, fluorspar Rock Canyon South property whose
minerals are included in the Canadian Critical Minerals Strategy, the
past producing high-grade Virginia Silver mine which strongly
compliments our Sweeney property and prospective orogenic gold
and silver ground along strike to the south of Talisker Resources Ltd.'s
Bralorne property¹. We will continue to review opportunities throughout
BC and beyond that play to our strengths. Coast Copper will have a
booth at the AME Roundup Conference from January 20-23rd. Visit us
at booth 521 to discuss these new and exciting projects as well as our
portfolio of other projects."
Rock Canyon South Rare Earth (Southeastern BC) Carbonatite
hosted flurospar, barite and rare earth elements
The road accessible Rock Canyon South property (393 hectares
("ha")) is located 90 kilometers ("km") northeast of Cranbrook and 45
km northeast of the Company's Sully property. The property is located
directly south and on trend of the Rock Canyon Creek carbonate-
hosted rare earth, flurorite and barite deposit where fluorspar and
rare-earth mineralization is stratabound, hosted mainly by the "basal
Devonian unit", and occurs in a northwest trend over 3.5 km. In 1988,
a carbonatite-related origin is suggested for the fluorite and rare-earth
mineralization, resulting from metasomatically altered (fenitized)
Devonian carbonate rocks, possibly related to a deep-seated alkaline
intrusion. Fluorite content generally varies from 2% to greater than
(">") 10% of the rock. In 1986, a sample of brown-altered carbonate
with fluorite (R85DP-1A) contained 1% cerium, 0.98% lanthanum,
0.3% neodymium, 0.058% thorium and 0.03% samarium². Fluorite
occurrences have been previously mapped across the Company's
newly acquired property and appear to be along similar geological
trends as the Rock Canyon deposit ³.
Virginia Silver Property (Northwestern BC) High grade silver-
lead-zinc +/- gold veins
The road accessible Virginia Silver property (371 ha) is located
approximately 34 km north of Smithers and 5 km east of Morristown
located on Highway 16. The Virginia Silver property is geologically
similar to the Company's high-grade silver-lead-zinc +/- gold vein
Sweeney property located 140 km to the southeast in the Huckleberry
Camp.
The property has been intermittently explored since 1968, including:
• Silver Standard Mines aggressively worked on the property in
1968-69, driving two exploration adits totaling 152 meters ("m")
and drilling 22 short diamond drillholes. Silver Standard's
engineer at the time estimated a historic, non-43 101 compliant
resource of 27,213 tonnes grading 708 grams per tonne ("g/t")
(25 ounces per ton) silver⁴ ⁵ based on detailed underground
channel sampling and drillhole data.
• In 1975, Paul Kindrat leased the property, shipping 226 tonnes
from stockpiles on the property of hand sorted ore that reported
696,952 grams silver (22,408 ounces) and 401 grams gold (12.9
ounces) ⁵.
• In 1977 Barriere Exploration leased the property and installed a
50 ton-per-day mill. Two shipments of concentrate were shipped
in 1980-1981, before the mill was shut down in December of
1981. The mine and mill were decommissioned in 1990.
• The property was restaked in 1999 by George Braun who
completed an 11-line km ground electromagnetic survey in 2001.
• In 2006 and 2007, Endurance Gold optioned the property, staked
the Annie claims, completed a soil geochemical program and
drilled 3 diamond drill holes south of Causqua Creek. Two holes,
VAG-1 and VAG-3, intercepted the targeted vein material. Hole
VAG-1 was a vertical hole and intersected a 0.20 m thick
carbonate vein at 80.60 m depth, grading 121 g/t silver and
0.186 g/t gold ⁵.
• In 2007, Mega Silver Inc. optioned the property from Endurance
Gold and in 2008 completed an exploration program of ground
Induced Polarization ("IP") geophysics and six diamond drill
holes focused south of Casqua Creek. The drill program was
designed to test a number of large deep (>200 m) IP geophysical
conductors, which appear to be associated with zones of
secondary tourmaline. Most of the 2008 drillholes intercepted
significantly anomalous to mineralized vein material.
Ben Nevis Property (Southwestern BC) Hydrothermal gold veins
The road accessible Ben Nevis property (1,980 ha) is located 30 km
southeast of the town of Goldbridge in the Bralorne Gold Mining Camp
and is immediately adjacent to the southeastern corner of Talisker's
Bralorne property¹. In 1980 and 1981, Dupont of Canada Exploration
Ltd. conducted programs of prospecting, geological mapping and rock,
soil and stream sediment sampling. Soil values up to 0.9 g/t gold and
stream sediment values up to 2 g/t gold were obtained ⁶. In 1987, two
heavy mineral stream sediment samples collected by British Lion
Mines Ltd. produced values of 1 and 7 g/t gold in coarse fractions ⁶. In
2020, S. Boughey conducted a structural photo interpretation of the
Ben showing area.
The conclusions of the 2020 work were that the broad and
intermediate regional lineament analyses show that the property is
located proximal to intersections of major regional structures, which
are likely deep penetrating and could be important in localizing
mineralizing magmas and their related hydrothermal systems. At the
property scale, smaller scale conjugate linears are seen to branch off
of the major regional structures and a focus on exploring along these
features, with an emphasis on their intersections will be important for
planning future work programs at Ben Nevis. Future programs should
focus on prospecting, trenching and sampling of material within the
north-northwesterly trending depression in attempts to find the source
of high-grade gold mineralization identified by historic geochemical
surveys ⁷.
Hanson Property (Northwestern BC) Porphyry copper-
molybdenum-gold (see news release dated December 10, 2024)
The road accessible Hanson property (1,965 ha) is located 150 km
west-northwest of Prince George in the Babine Region and 25 km
north of Centerra Gold Inc.'s Endako molybdenum mine¹. The
property is within the southern portion of the under explored Stikine
Terrane, one of BC's most prolific copper molybdenum-gold belts
which includes Glencore Canada Corp.'s past producing Bell and
Granisle mines, the Endako mine and Pacific Booker Minerals'
advanced stage Morrison deposit¹. In addition, new discoveries and
active exploration programs on the north part of the belt by American
Eagle Gold at its NAK copper-gold porphyry and Amarc
Resources/Boliden Minerals at their Duke copper-molybdenum
porphyry ¹ provide evidence of continuing success in the area.
Highlights of the historical compilation include⁸:
• Copper soil anomaly > 80 parts per million ("ppm") covering an
area over 900 m by 600 m to the west of the known Kimura
Zone, and a separate anomaly 450 m by 250 m zone to the
northwest of the known Kimura Zone;
• Zinc soil anomaly > 1,000 ppm covering an area of 700 m by 250
m (on the current Property);
• Percussion drillholes completed in 1973 returned 0.1% copper
on the outskirts of the copper soil anomaly;
• Diamond drillholes completed in 1990 returning 0.2% copper and
0.1 g/t gold over 15 m and 22 m (DDH-90-20 and DDH-90-3
respectively);
• Geophysical chargeability anomalies over 1,000 m in two areas.
Additional Acquisitions (Northwestern BC) High grade silver-
lead-zinc +/- gold veins
The Company has acquired additional mineral claims within the Anyox
camp and adjacent and internal to Goliath Resources Ltd.'s
Golddigger property area in the Golden Triangle. More details on
these properties will be released once the Company has had time to
review the historical data in context with today's knowledge.
Qualified Persons
The technical information contained in this news release has been
prepared, reviewed, and approved by Wade Barnes, P.Geo. (BC),
Coast Copper's geological consultant and a Qualified Person within
the context of the Canadian Securities Administrators' NI 43-101;
Standards of Disclosure for Mineral Projects.
About Coast Copper Corp.
Coast Copper's primary exploration focus is the 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. In 2023, Coast Copper
launched a generative program aimed at advancing its other
properties in parallel with Empire. In 2024, Coast Copper acquired two
new projects bringing its total number of 100% owned projects in BC
to six, consisting of the mineral titles comprising the Empire Mine
property, the Sully property located in southeastern BC, the Knob Hill
NW property located on northern Vancouver Island, the Home Brew
property located in central BC, its Sweeney property located in the
central interior of BC and its Scottie West property located in the
"Golden Triangle" of northern BC. Coast Copper's management team
continues to review precious and base metal opportunities in western
North America.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis, Chief Executive Officer and Director
NR25-01
Cautionary Notes in News Release and/or Maps
1. This news release may contain information about adjacent
properties on which Coast Copper has no right to explore or
mine. Investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on the
Company's properties.
2. Minfile Record Summary, 082JSW018.
https://minfile.gov.bc.ca/Summary.aspx?minfilno=082JSW018
3. C. Graf (1986), Geological Report on the D.P. 1,2,3 and Candy
Claims, REE-Ba-F-P Carbonatite Prospect. BC Assessment
Report 14677
4. While Coast Copper notes that the historical results are not NI
43-101 compliant and have not been verified by the
Company's QP, these historical resources will help guide Coast
Copper's exploration programs. A Qualified Person has not done
sufficient work to classify the historical estimate as a current
mineral resource and Coast Copper Corp. is not treating this
historical estimate as current mineral resources.
5. Minfile Record Summary 093M021.
https://minfile.gov.bc.ca/Summary.aspx?minfilno=093M++021
6. Minfile Record Summary 092JNE038.
https://minfile.gov.bc.ca/Summary.aspx?minfilno=092JNE038
7. S.Boughey (2020), 2020 Geological Report on the Ben Property.
BC Assessment Report 39079
8. J. Cross (2013), Structural Analysis on the Hanson Property. BC
Assessment Report 34087
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 a guarantee 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: For further information, please contact:
Adam Travis, CEO, Coast Copper Corp, 409 Granville Street, Suite
904, Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E:
CO: Coast Copper Corp.
CNW 17:05e 21-JAN-25