CopAur Drills 1.5 g/t Gold Over 79 Metres including 3.0 g/t over 17 Meters at Bolo
888-700 West Georgia, Vancouver, BC, V7Y 1G5
CopAur Drills 1.5 g/t Gold Over 79 Metres including 3.0 g/t over 17
Meters at Bolo
Vancouver, British Columbia — February 21, 2023 — CopAur Minerals Inc. (the “Company”) (CPAU:TSXV)
is pleased to announce the results from the Q4 2022 drilling at the Bolo Project, located in Nye County,
Nevada. Two core holes totaling 409 metres were drilled at the South Mine Fault Zone to infill and expand
areas of known mineralization. Significantly, these are the first diamond drill core holes to test the core
of the high-grade gold mineralization at the South Mine Fault Zone and they provide important new
information with respect understand the lithology, alteration, and mineralization style. In addition, ten
reverse circulation (RC) holes totaling 1,947 metres were completed to test exploration geochemical
targets along the East Fault trend.
Both core holes targeting the South Mine Fault Zone intersected significant gold (Table, Figures 1 and 2).
Hole BL22-04 returned a broad intercept of 1.5 g/t gold over 79 metres, including 3.0 g/t gold over 17
metres1. Hole BL22-05 returned 1.1 g/t gold over 94 metres, including 2.5 g/t gold over 15 metres1.
Drill hole BL22-05 was lost at depth of 180 metres, but significantly ended in mineralization grading 0.79
g/t Au over 4.57 m which is interpreted to represent the up-plunge continuation a lower gold zone
discovered by the Company during 2019 that yielded a grade of 3.32 g/t Au over 12.1 metres with hole
BL19-02 ( see New Placer Dome Gold Corp. news release dated October 23, 2019 ). Mineralization
interested during 2019 and again within BL22-05 highlights the west side and depth expansion potential
of the South Mine Fault Zone along parallel structures and within known gold-hosting lithologies.
The Company’s CEO, Jeremy Yaseniuk states, “We are very pleased with these significant near-surface
gold grades, in addition to the presence of a relatively untested lower gold zone that we expect will be part
of the focus of future drilling as we look to expand the footprint of the South Mine Fault Zone, and continue
to systematically evaluate the multiple untested priority exploration targets that remain within the Bolo
Project. CopAur has now acquired a 50.01% ownership interest in the Bolo project.”
Table 1: Bolo Project 2022 Core Drilling Significant Intercepts
Hole ID From (m) To (m) Interval (m)1 Gold (g/t)
BL22-04 (271/-55) 46.63 125.27 78.64 1.45
Including 71.63 88.39 16.76 3.03
and 116.43 125.27 8.84 1.70
BL22-05 (256/-65) 50.75 145.02 94.27 1.07
Including 61.26 76.20 14.94 2.51
and 88.03 103.63 15.61 2.04
and 172.21 176.78 4.57 0.79
1 The true width of mineralization is estimated to be approximately 60-70% of drill width.
Photo 1: BL22-05 mineralized core grading 3.4 g/t gold over 6.1 metres
from 70.1 to 76.2 metres of gold mineralization
Figure 1: Bolo 2022 Core Drilling Cross Section Looking North
Figure 2: Bolo 2022 Core and RC Drill Hole Locations at South Mine Fault and East Fault Zones
Gold mineralization is associated with zones of significant calcite veining, stockwork or brecciation, as well
as persistent goethite ± hematite alteration, decalcification and/or silicification ( Photo 1). The Bolo core
drilling provides a considerably better visual representation of the structure, textures and alterations
associated with mineralization versus RC. Structural data and observations collected from the 2022 drill
core provide significant insight into the nature and geometry of mineralization at the South Mine Fault
and will be instrumental moving forward towards a potential maiden resource.
While no significant results were returned from a series of 10 RC exploration holes testing surface
geochemical targets along the East Fault trend, multiple drill holes intersected arsenic pathfinders and
anomalous gold values coincident with surface geochemical anomalies, faults and jasperoid rocks, which
validates the Company’s systematic, and data driven exploration approach. Multiple untested priority
exploration targets remain within the Bolo Project located along the Mine Fault and East Fault trends.
Some of these targets, most notably within the Northeast Extension of the SMFZ, have yielded significant
gold values within historical RC drill holes including 21.4 metres averaging 1.44 g/t Au (HD-3), 18.2 metres
averaging 1.09 g/t Au (BL-4), and 10.7 metres averaging 0.76 g/t Au (BL-3)1.
Methodology and QA/QC
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. RC drill 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. For any samples assaying over 0.1 ppm gold an additional 30-gram
cyanide leach analysis is completed whereby the sample is treated with a 0.25% NaCN solution and rolled
for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS.
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. Blank, duplicate, and standard
samples were inserted into the sample sequence sent to the laboratory for analysis. New Placer Dome
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 accuracy or reliability of the
data referred to herein.
About CopAur Minerals Inc.
CPAU is an exploration company focused on developing projects within the emerging, mineral-rich mining
regions of Nevada and British Columbia. The Company is backed by a dynamic and experienced team of
resource professionals advancing multiple holdings across both regions; the flagship being Kinsley
Mountain Gold Property, a Carlin-style project located 90 km south of the Long Canyon Mine (currently
in production under the Newmont/Barrick Joint Venture, Nevada Gold Mines) and its 100% owned
Williams Project that points to significant gold-copper potential within the prolific Golden Horseshoe of
northern British Columbia, Canada. (For a full overview of projects please download CopAur
Presentation).
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Kristopher J. Raffle, P.Geo. (B.C.), 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 include a review of the sampling, analytical and
test data underlying the information and opinions contained herein.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeremy Yaseniuk
Chief Executive Officer
For further information, please contact:
Jeremy Yaseniuk
CopAur Minerals Inc.
Telephone: 604-773-1467
Email: [email protected]
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.
Forward Looking Information
This news release includes certain statements that 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.
This news release contains forward-looking statements. These statements relate to future events or
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 statements. 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
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