CopAur Minerals Commences Bolo Gold-Silver Project 2022 Exploration Program
CopAur Minerals Commences Bolo Gold-Silver Project
2022 Exploration Program
Vancouver, British Columbia – July 18, 2022 – CopAur Minerals Inc. (“CopAur” or the “Company”) (TSX-
V: CPAU) (OTCQB:COPAF) is pleased to announce that the 2022 exploration program has commenced at
the Bolo gold-silver project (“Bolo” or the “Project”). Bolo is located in the Hot Creek Range of Nye County,
Nevada, 65 kilometres east-southeast of the Round Mountain Gold Mine1.
Phase 1 of the 2022 Bolo Gold -Silver Project exploration will comprise surface prospecting and grid rock
chip geochemical sampling, targeting the northern extensions of the known gold bearing Mine Fault and
East Fault structures; including potential new drill targets within the prospective Windfall Formation unit
(Figure 1 , and CopAur news release dated June 6, 2022 ). In total a pproximately 600 samples will be
collected, designed to infill, and extend historical rock chip coverage 1 km north -south and 300 m east -
west along two parallel proven gold mineralized fault structures.
Jeremy Yaseniuk, CEO, commented, “We are excited to begin the summer exploration program at Bolo
with an eye on developing new, untested targets to the north and northeast. Our systematic approach to
exploration at Bolo, incorporating the surface rock sampling and the recently completed IP/resistivity
geophysics, is expected to yield high-quality drill targets for the upcoming core and RC drilling program.”
Figure 1: Bolo Gold-Silver Project 2022 Rock Sampling
1 Not necessarily indicative of mineralization on CopAur Properties.
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The results of the rock sampling will be used to refine existing targets and identify new targets along the
Bolo mineralized fault trends. Up to 4,000 metres of RC and core drilling is planned for 2022, including
expansion drilling at the South Mine Fault Zone (1,000 m), as well as exploration drilling at the East Fault
Windfall target and potential new targets generated by the surface work (3,000 m).
Update on 2021/2022 Core Drill Holes
The Company also reports that it is in receipt of final assay results from the 2021/2022 Bolo drilling at the
South Mine Fault zone. Two core drill holes were completed, totaling 710 m. BL21-01 was drilled west at
an azimuth of 274° and -44° dip; BL22-01 was drilled west at an azimuth of 270° and -52° dip (Figure 1).
No significant gold values were returned ; however, zones of mineralized, oxidized, decalcified, silicified,
and brecciated Windfall Formation were intersected, coincident with pathfinde r (As ± Ba ± Sb)
geochemical anomalies that indicate persistence of the mineralizing system at depth . Structural data
collected from oriented core measurements provided valuable data that be used in the development of a
3D geological model for the South Mine Fault.
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. Drill core 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. 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 accuracy 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
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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 news
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.
Forward-looking statements address future events and conditions and are necessarily based upon a
number of estimates and a ssumptions. 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 always, using words or phrases such as “expects” or “does not expect”, “is expected”,
“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, perfor mances 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 consider ed
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 statements, including, without limitation: (i) risks related to gold and other commodity price
fluctuations; (ii) risks and unce rtainties relating to the interpretation of exploration results; (iii) risks
related to the inherent uncertainty of exploration and cost 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
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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 and liability; (xiv) risks associated with failure to maintain community
acceptance, agreements and permissions (generally r eferred 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 out come of
legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related
to current global 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 actual results to differ materially from those in forward looking statements
include, but are not limited to, continued ava ilability 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, decrease in the price of gold and other metals, failure of counterparties to perform their
contractual obligations and fees cha rged 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
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, f uture events or otherwise, except as expressly
required by applicable securities legislation.