Gold Hart Copper Announces Completion of Second Diamond Drill Hole Intends to Release Assay Results of 1,216 Meters of Drilling Over Course of Next 6-8 Weeks
Gold Hart Copper
Announces Completion of
Second Diamond Drill Hole
Intends to Release Assay Results of 1,216 Meters
of Drilling Over Course of Next 6-8 Weeks
May 15, 2025 7:30 AM EDT | Source: Gold Hart Copper Corp.
Toronto, Ontario--(Newsfile Corp. - May 15, 2025) - Gold Hart Copper Corp. (TSXV: HART)
(formerly Vicunau Metals Corp.) (the "Company", "Gold Hart", or "HART") is pleased to
announce completion of the second diamond drill hole at its Tolita gold-copper-silver-
molybdenum porphyry target where the Maricunga Gold Belt meets the emerging Vicuña Copper
Belt.
This second drill hole reached a depth of 603 meters. Drill core is being transported from Gold
Hart's Tolita asset to the Gold Hart Copper office in Copiapo for logging, after which time it is
tagged, sawed, and finally submitted to an internationally recognized laboratory for assaying. In
total, this is an approximately 6 week process.
"We are excited to have drilled another deeper diamond hole at Tolita, effectively tripling the total
meters and depth drilled on the Tolita property relative to the first phase of shallower RC drillholes
from the 1990s," stated Jonathan Warner, Co-founder & Executive Vice President of HART. "The
Tolita property has waited nearly 30 years for this critical second phase of drilling since it was
long-ago recognized by Enrique Viteri-Aldunate for its gold, silver, copper, and molybdenum
anomalies on surface. Much like the first hole, the core was visually interesting such that we
drilled as deep as possible, and would have liked to have kept the drill going for at least another
couple hundred meters, but this particular rig could only reach 603m. I'm truly excited to return in
September with a larger drill rig to continue the campaign and drill even deeper."
Similar to the first diamond hole (613m), Gold Hart Co-founder & Chairman Emeritus Dr. Professor
José Frutos and Co-Founder & Executive Vice President Jonathan Warner personally rotated
shifts in order to constantly monitor the drilling.
The Company also wishes to thank its drilling team for their commitment in smoothly operating
the drill rig 24/7 over the past two months, and successfully completing these first two diamond
holes totaling 1,216 meters, hopefully just the beginning of a much larger campaign. The Company
currently plans to return in September to drill at least another 5,000 meters, for which the
Company is already fully funded.
Options Issuance & Shares for Debt
The Company also announces its intention to issue certain options exercisable at $0.20, as well
as the settlement of certain shares for debt, also at $0.20 per share. Specifically, the Company
intends to issue 4,890,000 options, exercisable at $0.20 for 5 years. These options are apart of
the Company's approved option plan and prior disclosed and reserved for issuance as a part of
the Company's go-public, in order to compensate and incentivize board members and advisors.
The Company also intends to settle $159,370 in accounts payable to 3 arm's length vendors at
$0.20 per share, subject to requisite filings and regulatory approvals.
About Gold Hart Copper
Gold Hart Copper is one of the largest independent land owners surrounding major miners where
the famous Maricunga Gold Belt meets the emerging Vicuña Copper Belt in Chile. HART is
actively acquiring, exploring and developing its portfolio of gold, copper & silver properties
adjacent to the largest gold and copper assets on the continent.
HART's team of geologists were personally involved in pioneering exploration in the region,
leading to some of its greatest gold, copper, and silver deposits, and include the country's former
Geological Survey National Deputy Manager Dr. Professor José Frutos. Specifically, senior Gold
Hart geologists were personally involved in the Escondida copper discovery, now the largest
copper mine in the world controlled by Rio Tinto and BHP, as well as Cerro Casale, the largest
gold-copper discovery in Chile acquired by Barrick and Newmont (GoldCorp) with 59-million
ounces of gold and 12.5-billion pounds of copper.
HART has rolled-up a portfolio of historically significant assets surrounding majors, in some cases
personally staked by the very same geologists who made the adjacent mega-discoveries, since
the early 1990s. Some of the Gold Hart properties have already undergone a first phase of RC
drilling, with highly encouraging results of gold, copper, and silver. Gold Hart properties are
controlled 100% and not subject to any royalties whatsoever.
HART believes it may be sitting on one of the only fully-preserved untested large-scale gold-
copper-silver porphyry targets in the Vicuña District - an asset that was first recognized for its
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uniquely high grades of gold and copper on surface - and staked by one of the Maricunga-Vicuña
district's pioneering geologists in 1993. Gold Hart Copper is fully funded for its planned drill
campaign.
About Gold Hart Copper's Tolita Gold-Copper-Silver-Molybdenum Target
The Tolita property is a historically significant gold-copper asset which was first recognized and
staked in 1993 - by one of the pioneering geologists of the Maricunga-Vicuña district - for its
uniquely high grades of gold and copper on surface. Geochemical surveys revealed gold,
copper, silver, and molybdenum anomalies, which led to trenching. Tolita has had significant
trenching (5,600m / 5.6km) with the highest grade trench returning grades up to 52g/t gold
equivalent including 4% copper. Tolita has undergone helicopter mag surveys which identified 4
unique anomalies as well.
In 1996, a third party company optioned the property and drilled 3 short 200m RC holes, without
any geophysics, and yet still hit gold and copper in all 3 holes, including long intercepts of gold
and copper (150m and 164m, respectively) close to surface in 2 of the 3 holes. At the time, gold
was approximately $300/oz and copper traded below $1.00/lb, and large scale sulphide /
porphyry deposits with both gold and copper were often considered less favorable than smaller
scale gold-only oxide deposits. As a result, and due to general market sentiment for junior
exploration companies in 1997-1998, Tolita was only drilled to a depth of 200m with 3 short RC
holes (out of a planned 8 hole campaign).
When Gold Hart acquired the property, a full geophysical survey was conducted by a recognized
geophysics firm, and a large high-chargeability and conductive anomaly was discovered that is
near surface and almost 2.5km in size and "interpreted as a copper-gold or gold-copper
porphyry system that certainly warrants additional exploration and drilling". Gold Hart Copper
has therefore launched diamond drilling and is fully funded for this planned campaign.
References & Notes:
1. Escondida is the largest copper mine globally, as defined by producing the greatest number
of copper tonnes per annum. Numbers sourced directly from property owner's website and
public filings.
2. Norte Abierto is considered the largest gold asset in Chile as defined by hosting the largest
number of total gold ounces. Numbers sourced directly from property owner's website and
public filings.
3. Please refer to the Company's NI 43-101 Technical Report on Sedar for information pertaining
to Gold Hart Copper's properties including historical exploration at Tolita, including but not
limited to, the history of the asset and its original staking, geochemical surveys, trenching
surveys, helicopter magnetic surveys, and historical RC drilling.
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4. Geophysical survey is summarized in the Company's NI 43-101 Technical report available on
Sedar. Such geophysical surveys are not definitive, and the results are still at an early stage
of interpretation, with no guarantee of a mineral discovery.
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Qualified Person
The technical information contained in this news release related has been reviewed by Mr.
Jonathan A. Warner, Executive Vice President of Gold Hart Copper and a Qualified Person within
the meaning of NI 43-101.
For further information please contact:
Gold Hart Copper Corp.
Isaac Maresky
Chief Executive Officer and Director
Email: [email protected]
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Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable
Canadian securities legislation based on expectations, estimates and projections as at the date of
this news release. Any statement that involves predictions, expectations, interpretations, beliefs,
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using phrases such as "expects", or "does not expect", "is expected", "interpreted",
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forward-looking information and are intended to identify forward-looking information. Forward-
looking information is not a guarantee of future performance and is based upon a number of
estimates and assumptions of management, in light of management's experience and perception
of trends, current conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the circumstances, including, without
limitation, assumptions about: the ability of exploration results, including drilling, to accurately
predict mineralization; errors in geological modelling; insufficient data; equity and debt capital
markets; future spot prices of copper and zinc; the timing and results of exploration and drilling
programs; the accuracy of mineral resource estimates; production costs; political and regulatory
stability; the receipt of governmental and third party approvals; licenses and permits being
received on favourable terms; sustained labour stability; stability in financial and capital markets;
availability of mining equipment and positive relations with local communities and groups.
Forward-looking information involves risks, uncertainties and other factors that could cause
actual events, results, performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors that could cause actual results
to differ materially from such forward-looking information are set out in the Company's listing
application dated March 14, 2025, a copy of which is available on SEDAR+ (www.sedarplus.ca)
under the Company's issuer profile. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information, which only applies as of the date of this
news release, and no assurance can be given that such events will occur in the disclosed time
frames or at all. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise,
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information contained herein.
Source: Gold Hart Copper Corp.