CopAur Defines New Exploration Targets At Bolo
CopAur Minerals Inc.
CopAur Defines New Exploration Targets At Bolo
Vancouver, British Columbia – October 24, 2022: Cop Aur Minerals Inc. (“CopAur” or the “Company”)
(TSX-V: CPAU) (OTCQB:COPAF) is pleased to report grid rock geochemical sample results for the Bolo Gold-
Silver Project (“Bolo” or the “Project”) , which have generated numerous new exploration targets for
potential Q4 2022 drilling. The Bolo Project is located in the Hot Creek Range of Nye County, Nevada, 65
kilometres east-southeast of the Round Mountain Gold Mine1.
The 2022 surface work comprised prospecting and grid rock chip geochemical sampling targeting the gold
bearing Mine Fault and East Fau lt structures; including areas within the prospective Windfall Formation
unit, which is also an important gold host at Bolo (Figure 1; see CopAur news release dated July 18th, 2022).
A total of 626 rock samples were collected over a 1 ,000 m x 300 m area designed to infill and extend
historical rock chip coverage along prospective fault trends. A total of four (4) rock grid samples returned
gold values greater than 1 gram-per-tonne (g/t) gold (Au) and up to 6.44 g/t Au, along the East Fault. Six
(6) samples returned silver (Ag) values greater than 10 g/t Ag and up to 177 g/t Ag, along the Main Fault.
The expanded dataset highlights multiple new Carlin gold geochemical pathfinder (arsenic ± antimony ±
barium ± silver ± gold) anomalies at Bolo along the Main Fault, East Fault, and associated splay structures.
Integration of these new geochemical data with Induced Polarization (IP) / resistivity geophysical surveys
and satellite alteration mapping, has resulted in the definition of several new high-priority exploration
target areas. Six of these targets are highlighted for potential drill testing later this year, each located in a
favorable geological or structural setting along the East Fault, and featuring coincident geochemical,
geophysical, and/or hematite/iron oxide alteration anomalies.
RC and diamond core drilling by the Company at the South Mine Fault Zone, that yielded drill intercepts
including 1.2 g/t Au over 122 m 2, has demonstrated continuity of mineralization over 350 m. With the
addition of new rock grid sampling CopAur has expanded the potential mineralized strike extent to great
than 2 kilometres along two parallel fault structures.
Jeremy Yaseniuk, CEO, commented, “We are excited to start testing new exploration targets outside of
the drill confirmed South Mine Fault Zone. The Company’s work at Bolo integrating surface geochemical,
geophysical, and remote satellite alteration mapping has defined numerous robust new greenfield drill
targets. We believe this measured and systematic approach to exploration targeting gives us excellent
potential to expand the already significant footprint of drill-confirmed gold mineralization at Bolo.”
Up to 4,000 metres of RC and core drilling is planned for Q4 2022, including expansion drilling at the South
Mine Fault Zone (1,000 m), as well as exploration drilling of new targets (3,000 m). This drilling will allow
CopAur to complete the work expenditures required during 2022 to earn an initial 50.01% ownership
interest in the Bolo Project, and to have the opportunity to elect to increase its ownership to 75% by
completing the additional $4,000,000 of expenditures over the next 2 years.
1 Not necessarily indicative of mineralization on CopAur Properties.
2 BL19-04. The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width. See Barrian Mining
Corp. news release dated October 23, 2019.
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Figure 1: Bolo Gold-Silver Project 2022 Rock Sampling
Methodology and QA/QC
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The analytical work reported on herein was performed by ALS Global ("ALS"), Vancouver Canada. ALS is
an ISO -IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of
Copaur Minerals Inc. and the QP. Rock samples were subject to crushing at a minimum of 70% passing 2
mm, followed by pulverizing of a 250 -gram split to 85% passing 75 microns. Gold determination was via
standard atomic absorption spectroscopy ("AAS") finish 30-gram fire-assay ("FA") analysis, in addition to
48 element ICP-MS geochemistry.
Copaur Minerals Inc. follows industry standard procedures for the work carried out on the Bolo Gold -
Silver Project, with a quality assurance/quality control (QA/QC) program. Duplicate rock samples were
inserted into the sample sequence sent to the laboratory for analysis. Copaur Minerals Inc. detected no
significant QA/QC issues during review of the data. Copaur Minerals Inc. is not aware of any drilling,
sampling, recovery, or other factors that could materially affect the accu racy or reliability of the data
referred to herein.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a
“Qualified Person” as defined in National Instrument 43 -101 – Standards of Disclosure for Mineral
Projects. Mr. Raffle has verified the data disclosed which includes a review of the sampling, analytical and
test data underlying the information and opinions contained herein.
For more information, please contact:
CopAur Minerals Inc.
Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: [email protected]
Neither the TSX Venture Exchange nor i ts 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 includes certain statements tha t constitute “forward -looking information or
statements” within the meaning of applicable securities law, including without limitation, conducting
exploration work on its projects, receipt of assays, other statements relating to the technical, financial
and business prospects of the Company and its properties, and other matters.
Forward-looking statements address future events and conditions and are necessarily based upon a
number of estimates and assumptions. These statements relate to analyses and other information that
are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often,
but not alway s, using words or phrases such as “expects” or “does not expect”, “is expected”,
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“anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions,
events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations
of such words, and similar expressions are not statements of historical fact and may be forward -looking
statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue,
could cause the actual results, performances or achievements of the Company to be materially different
from future results, performances or achievements express or implied by such statements. Such
statements and information are based on numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in the future, including the price of
metals, anticipated costs and the ability to achieve goals, that general business and economic conditions
will not change in a material adverse manner, that financing will be available if and when needed and on
reasonable terms, and that third party contractors, equipment and supplies and governmental and other
approvals required to conduct the Company’s planned exploration activities will be available on
reasonable terms and in a timely manner. While such estimates and assumptions are considered
reasonable by the management of the Company, they are inherently subject to significant business,
economic, competitive and regulatory uncertainties and risks.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual
events, level of activity, performance or results to differ materially from those reflected in the forward -
looking statem ents, including, without limitation: (i) risks related to gold and other commodity price
fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks
related to the inherent uncertainty of exploration and co st estimates and the potential for unexpected
costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the
Company may lose or abandon its property interests or may fail to receive necessary licences and permits;
(vi) that environmental laws and regulations may become more onerous; (vii) that the Company may not
be able to raise additional funds when necessary; (viii) the possibility that future exploration, development
or mining results will not be consistent with the Company’s expectations; (ix) exploration and
development risks, including risks related to accidents, equipment breakdowns, labour disputes or other
unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the
potential for delays in exploration or development activities or the completion of geologic reports or
studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related
to environmental regulation an d liability; (xiv) risks associated with failure to maintain community
acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to
obtaining and maintaining all necessary government permits, approvals and authorizations relating to the
continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of
legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related
to current gl obal financial conditions; and (xx) other risks and uncertainties related to the Company’s
prospects, properties and business strategy. These risks, as well as others, could cause actual results and
events to vary significantly.
Factors that could cause a ctual results to differ materially from those in forward looking statements
include, but are not limited to, continued availability of capital and financing and general economic,
market or business conditions, the loss of key directors, employees, advisors or consultants, adverse
weather conditions, increase in costs, equipment failures, government regulations and policies, litigation,
exchange rate fluctuations, the impact of Covid-19 or other viruses and diseases on the Company’s ability
to operate, decre ase in the price of gold and other metals, failure of counterparties to perform their
contractual obligations and fees charged by service providers. Investors are cautioned that forward -
looking statements are not guarantees of future performance or events and, accordingly are cautioned
not to put undue reliance on forward -looking statements due to the inherent uncertainty of such
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statements. The forward-looking statements included in this news release are made as of the date hereof
and the Company disclaims any intention or obligation to update or revise any forward -looking
statements, whether as a result of new information, future events or otherwise, except as expressly
required by applicable securities legislation.