CopAur Minerals Commences Diamond Drilling At Williams Copper- Gold Project Gic Porphyry Target
CopAur Minerals Inc.
CopAur Minerals Commences Diamond Drilling At Williams Copper-
Gold Project Gic Porphyry Target
Vancouver, British Columbia – June 13, 2022: CopAur Minerals Inc. (“CopAur” or
the “Company”) (TSX-V: CPAU) (OTCQB:COPAF) is pleased to announce that it has
commenced diamond drilling at its Williams Copper- Gold Project located in the
Toodoggone region of north-central British Columbia. Drilling is currently underway
at the GIC copper-gold (±molybdenum) porphyry target located 3 km to the north
of the T -Bill gold zone the Company tested with 7 holes totaling 3,150 metres
during 2021.
Jeremy Yaseniuk, CEO, commented, “ We are happy to announce we have
commenced drilling on our 2022 Williams Copper- Gold Project. The drill program
designed to test a series of new copper -gold ( ±molybdenum) geochemical
anomalies that display characteristic and magnetic IP/resistivity geophysical
signatures that we believe point to a potential burie d porphyry system. Come see
us at the Metals Group booth at the PDAC booth 2709.”
As recently announced, CopAur plans to complete up to 2,000 metres of diamond
drilling testing priority drill targets at the GIC copper-gold (±molybdenum) porphyry
target, a 4 km x 0.8 km copper -gold geochemical and IP/resistivity anomaly. The
drilling targets distinct copper, copper-gold, and copper-gold-molybdenum surface
geochemical anomalies that display magnetic, resistive, and moderate
chargeability signatures with the potential to represent a buried porphyry system.
Current drilling at GIC has encountered encouraging visual signs including broad
zones of intense texturally destructive silicification (quartz-sericite-pyrite), and
associated domanial potassic alteration, of felspar porphyry and intermediate
volcanic rocks, including disseminated and fine fracture and vein-controlled pyrite,
in addition to local chalcopyrite, and molybdenite (Image 1). This style of alteration
is distinct from ubiquitous propylitic alteration of host volcanic rocks and is
interpreted to suggest vectoring towards a potential porphyry source.
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Image 1: Evidence of texturally destructive silicification and potassic alteration at
GIC target
Limited historical drilling of 5 holes totaling 881 metres during the 2006 exploration
campaign at the GIC zone targeted chargeability high anomalies interpreted as part
of a phyllic-pyritic halo related to a potential buried porphyry system. This drilling
intersected broad zones of phyllic alteration, and patchy potassic zones returning
anomalous copper mineralization within the chargeability high anomaly. However,
peak copper -gold ( ±molybdenum) geochemical anomalies associated with
magnetic and resistive anomalies flanking the high changeability remain untested
and are the target of the 2022 drilling.
Jeremy Yaseniuk, CEO, further noted, “We are also pleased to announce that
Frank Lagiglia has joined the advisory board. I have worked with Frank for almost
2 decades and he has been a trusted employee and effective capital markets
advisor. I am pleased to have him on board.”
Williams Copper-Gold Project, British Columbia
The Williams Copper -Gold Project is located in the Toodoggone region of north -
central British Columbia. The property is situated halfway between the Red Chris
and Kemess North mines, and on trend with the approximately 3- million-ounce
Lawyers Gold -silver deposit1,2. Williams hosts two target areas: The T- Bill area,
which is prospective for mesothermal style gold mineralization, the GIC porphyry
prospect which is a porphyry copper-gold target (Figure 1).
During 2021 CopAur drilled 7 diamond drill holes totaling 3,150 metres targeting
the T -Bill gold zone that included bulk -tonnage and high- grade mineralization
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including 41.57 metres of 1.38 g/t gold with 0.70 m etres of 22.00 g/t gold in drill
hole WM21-07 (Figure 3). Surface exploration targeting T-Bill and GIC included 158
rock and 654 soil geochemical samples, 25 line -km of IP/resistivity geophysical
surveys covering the GIC porphyry copper -gold targets and its eastern extension,
and a 718 line-km property-wide airborne VTEM geophysical survey.
Figure 1. Williams Copper-Gold Project GIC and T-Bill Exploration Targets
1Minerals resource or reserves of advanced projects are not necessarily indicative of the mineralization potential of
CopAur Properties.
2Technical Report and Updated Mineral Resource Estimate on the Lawyers Gold -Silver Property, Omineca Mining
Division, British Columbia, Canada, ated June 28, 2021, with an effective date of May 11, 2021, and prepared by
William Stone, Yungang Wu, Jarita Barry, Eugene Puritch, Brian Ray, Frank Wright, and Mary Mioska, and filed under
Benchmark Metals Inc.’s issuer profile on SEDAR (www.sedar.com).
Qualified Person
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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, and a “Qualified Person” as defined in
National In strument 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]
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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 s tatements 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 assumption s. 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 predicti ons,
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 f orward-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
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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 act ual
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 uncertainties 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
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 referred t o 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 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 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, decrease in the price of gold and other metals, failure of counterparties to perform their
contractual obligations and fees charged by s ervice 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, future events or otherwise, except as expressly
required by applicable securities legislation.