Copaur Minerals Provides Overview Of Historical High-Grade Gold Drill Intercepts At Kinsley Mountain Gold Project
Copaur Minerals Provides Overview Of Historical High-Grade
Gold Drill Intercepts
At Kinsley Mountain Gold Project
News Release - Vancouver, British Columbia – September 12, 2022: CopAur Minerals Inc.
(“CopAur” or the “Company”) (TSX-V: CPAU) (OTCQB:COPAF) is pleased to provide current
& new shareholders a brief overview of prior high-grade gold drill intercepts at the Company’s
flagship Kinsley Mountain Gold Project (the “Kinsley Mountain Project” or “Kinsley Mountain”)
in Elko County, Nevada.
The Kinsley Mountain Project was an historical past producer that yielded 138,000 ounces of near
surface open pit oxide gold between 1995 -1999. Kinsley contains current mineral resources
comprising the high-grade Western Flank Zone and near surface oxide of 418,000 indicated ounces
gold at 2.63 grams -per-tonne (g/t) gold, and 117,000 inferred ounces gold at 1.51 g/t gold 1.
Indicated resources are inclusive of 302,000 ounce s averaging 6.11 g/t gold hosted within the
Secret Canyon Shale at the Western Flank Zone.
In 2013, gold mineralization was recognized on the west side of the Kinsley project in limestone
and shale beds within the Hamburg Formation and Secret Canyon Shale, units that had not
previously been recognized as potential hosts of gold mineralization (Figure 1) . Subsequent
drilling in 2014 returned numerous high -grade gold intercepts including PK137C that returned
21.3 g/t gold over 29 metres 1 within the Secret Canyon Shale at the Western Flank (Table 1).
1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021, with an effective date of May 5,
2021, and prepared by Michael M. Gustin and Gary L. Simmons, and filed under New Placer Dome Gold Corp.'s issuer profile
on SEDAR (www.sedar.com).
Figure 1. Kinsley Mountain Gold Project Cross Section Through Mine Trend
(Looking northeast)
The drill results that so recently led to this exceptional high -grade gold discovery show that gold
is widespread in two different stratigraphic units. This empha sizes the significant property -wide
discovery potential at Kinsley Mountain with over 12 km of prospective geology, alteration, and
geochemical targets to explore, of which 80% remains untested by drilling.
CEO Jeremy Yaseniuk stated, “Initially released between 2013 and 2014, t hese drill results are
relevant to CopAur’s current exploration plans. Kinsley hosts numerous untested targets like the
Western Flank Zone that we believe point to the potential of a much larger gold endowment with
80% of the property remaining untested by drilling. We felt the need to re-publish these results to
help shareholders understand the tremendous potential of this project given that many may not
realize the remarkable nature of recent drilling before this asset was in CopAur. In addition to this
drilling, we have identified 8 new exciting targets on the property that have previously not been
drilled that we hope will yield additional discoveries (see CopAur news release dated August 3,
2022).”
Table 1 Selected Historical Western Flank Zone Secret Canyon Shale Diamond Drill Intercepts1
Hole ID (Az, Dip)
(degrees)
From
(m) To (m) Intercept2
(m) Au (g/t) Au
Cut-Off
Hole
Depth
(m)
PK091CA (90, -70) 255.1 291.7 36.6 8.5 0.2 291.7
including 276.5 284.0 7.6 29.4 5.0
PK127C (090, -66) 276.5 318.1 41.7 6.9 0.2
389.2 incl 282.5 287.1 4.6 8.5 5.0
incl 301.0 309.5 8.5 16.3 5.0
incl 314.6 318.1 3.6 20.5 5.0
PK131C (110, -72) 262.7 305.4 42.7 10.5 0.2 398.4
incl 276.5 299.3 22.9 18.3 5.0
PK132C (-90) 249.6 303.0 53.3 7.5 0.2
456.9 incl 257.3 259.5 2.3 18.1 5.0
incl 269.4 292.3 22.9 14.9 5.0
2 True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths
PK133C (270, -77) 310.0 340.0 30.0 10.6 0.2 413.6
incl 322.2 338.6 16.5 16.1 5.0
PK137C3 (120 -80) 253.9 282.9 29.0 21.3 0.2
282.8 incl 259.7 264.6 4.9 46.4 5.0
incl 270.5 281.9 11.4 32.7 5.0
PK137CA3 (120, -
80) 253.3 292.0 38.7 15.6 0.2 346.9
incl 259.4 281.3 21.9 26.2 5.0
PK175CA (255, -78) 287.1 332.8 45.7 6.2 0.2 398.4
including 299.9 319.1 19.2 13.8 5.0
PK186C (030, -79) 273.4 313.0 39.6 10.1 0.2 422.8
incl 283.8 305.4 21.6 17.4 5.0
PK187C (145, -81) 262.7 293.2 30.5 6.0 0.2 364.8
incl 274.3 282.5 8.2 8.1 5.0
Methodology and QA/QC
The 2013 and 2014 drill composites were calculated using a cut-off of 0.20 or 5.0 g/t. Drill samples
were assayed by ALS Chemex (ALS) in Reno, Nevada for 30-gram gold Fire Assay with an AA
finish, or gravimetric finish for sample returning over 5.0 g/t. QA/QC for all drill samples consists
of the insertion and continual monitoring of numerous standards and blanks into the sample stream,
and the collection of duplicate samples at random intervals within each batch. ALS is an ISO-IEC
17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the
CopAur and the QP.
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 , and Christopher W.
Livingstone, P.Geo. (BC), Senior Geologist, both of APEX Geoscience Lt d. of Edmonton, AB,
and “Qualified Persons” as defined in National Instrument 43 -101 – Standards of Disclosure for
Mineral Projects. Mr. Raffle and Mr. Livingstone have verified the data disclosed which includes
3 PK137C was lost in the mineralized zone due to poor ground conditions higher in the hole. PK137CA was wedged off the same
hole above the mineralized zone and was completed through the mineralized zone adjacent to PK137C.
a review of the sampling, analytical and tes t 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]
Max Sali, Director
Tel: +1 (604) 367-8117
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 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 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 tak en, 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 ca use 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 permit s; (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 to as “social licence”); (xv) risks relating to obtaining and maintaining
all necessary government permits, approvals and auth orizations 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 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 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, future events or otherwise, except as expressly required by applicable securities legislation.