Copaur Minerals Discovers New Gold Zone At Williams Project GIC Porphyry Target; Drilling Yields 2.2 G/T Gold Over 50 Metres, Including Last 10.5 Metres Averaging 4.2 G/T Au Ending In Mineralization
Copaur Minerals Discovers New Gold Zone At Williams Project GIC Porphyry
Target; Drilling Yields 2.2 G/T Gold Over 50 Metres, Including Last 10.5 Metres
Averaging 4.2 G/T Au Ending In Mineralization
Vancouver, British Columbia – August 16, 2022: Cop Aur Minerals Inc. (“CopAur” or the “Company”)
(TSX-V: CPAU) (OTCQB:COPAF) is pleased to announce the results of its recently completed four hole,
1,428 metre diamond drill campaign at its Williams Copper-Gold Project located in the Toodoggone region
of north-central British Columbia.
Drilling targeting untested soil geochemical anomalies at the GIC porphyry target has resulted in the
discovery of a new gold zone yielding 2.2 grams-per-tonne (g/t) gold (Au) and 0.13% copper (Cu) over 50
metres; including 4.2 g/t Au over 10.5 metres within drill hole WM22-02 (Table 1, and Figure 1 ). Both
the copper and gold mineralization appear to be improving at depth with the drill hole ending in strong
mineralization, demonstrating the significant potential to expand on this initial discovery.
The new gold discovery lies at the west end the of t he GIC porphyry target, a 4 km x 0.8 km east-west
trending copper-gold(±molybdenum) geochemical and IP/resistivity geophysical anomaly that has been
subject to only limited historical drilling (Figure 2).
Jeremy Yaseniuk, CEO, commented, “We are extremely excited with this new gold-copper discovery. Given
that this new discovery has only been tested by a single drill hole and ended in some of the strongest
mineralization, additional drill testing is warranted at depth and along strike to define th is emerging
mineralized zone.”
Table 1. Williams Copper-Gold Deposit 2022 Diamond Drill Intercepts
Hole ID From (m) To (m) Interval1
(m)
Au (g/t) Cu (%) Mo (g/t) Ag (g/t)
WM22-02
(000/-50)
157 250 95 0.16 0.023 - -
and 250 300 50 2.22 0.13 - 2.4
including 289.5 300 10.5 4.16 0.091 - -
WM22-01
(000/-50)
32 126 94 - 0.024 - 5.1
WM22-03
(000/-50)
12 115 103 0.13 0.025 - -
and 172 180 8 4.64 - - -
WM22-04
(090/-50)
135 152.8 17.8 0.17 - 288 -
and 167.8 185.5 17.7 - - 200 -
and 412 420 8 - - 266 -
1 True Width of the mineralized zone is not known
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Figure 1. Williams GIC Porphyry Target WM22-02 Cross Section
Exploration drill hole WM22-02 testing a combined gold-copper soil geochemical and weak chargeability
anomaly intersected subtle quartz -carbonate-pyrite-magnetite mineralized and chlorite altered
intermediate volcanic rocks that returned assays of 2.22 g/t Au and 0.13% Cu over 50 metres, below a
broader zone of anomalous copper and gold values returning 0.16 g/t Au and 230 ppm Cu over 95 metres
(Image 1).
Drill hole WM22-01 targeting a copper-gold in soil geochemical target yielded anomalous copper values
from assaying 240 ppm Cu over 94 metres from surface within fine fracture -fill mineralized,
chlorite(±silica±epidote) altered intermediate volcanic rocks in contact with monazite intrusive at depth.
Similarly, drill hole WM22-03 also targeting a copper -gold in soil anomaly returned anomalous copper
values of 250 ppm Cu over 103 metres from surface within chlorite-silica altered intermediate volcanic
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rocks; in addition, to a brecciated and silica -flooded magnetite veined zone downhole yielding 4.64 gt.t
Au over 8 metres (Image 1).
Drill hole WM22-04 tested a combined copper-gold-molybdenum soil anomaly intersected an alternating
sequence of massive and clastic intermediate volcanic rocks hosting multiple zones of fracture controlled
molybdenite mineralization that retuned values including returned 0.17 g/t Au and 288 ppm Mo over
17.8 metres; 200 ppm Mo over 17.7 metres; and 266 ppm Mo over 8 metres.
The 2022 Williams Project drill campaign was designed to test a range of surface geochemical and
geophysical targets within the GIC porphyry target (Figure 2). The discovery of a new gold zone wi th the
drill hole WM22-02 is interpreted to represent distal gold -copper mineralization proximal to a potential
blind porphyry intrusion at depth. A vector to depth and eastward toward an intrusive source is suggested
based on an increase in silicification and potassic alteration of host volcanic rocks, presence of porphyritic
intrusive rocks, and associated molybdenum mineralization within WM22-04 and surface soils. Additional
drilling at the Williams GIC target will be designed to expand laterally and to depth the compelling gold
values intersected in WM22-02, which terminated in mineralization.
Figure 2. Williams GIC Porphyry Target
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Image 1: WM22-02 (left) clotty pyrite mineralized, chlorite-silica-potassium feldspar-magnetite
altered volcanic (this sample 5.8 g/t Au and 787 ppm Cu); WM22-03 (right) brecciated and
silica-flooded magnetite veined zone (this sample 9.9 g/t Au)
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
four-acid digestion 33 element ICP-AES geochemistry. Overlimit values for copper (>1%) and silver (>100
g/t) were analyzed via four-acid digestion ICP-AES or AAS.
Copaur Minerals Inc. follows industry standard procedures for the work carried out on the Williams
Copper-Gold 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,
and 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]
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Forward Looking Information
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Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual
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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
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