Kobrea Appoints Cal Everett - Axemen Resource Capital and Darren Pylot as Strategic Advisors - Western Malargüe Copper Projects - Mendoza Province - Argentina
Kobrea Appoints Cal Everett - Axemen
Resource Capital and Darren Pylot as
Strategic Advisors - Western Malargüe Copper
Projects - Mendoza Province - Argentina
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2024) - Kobrea Exploration Corp. (CSE:
KBX) (FSE: F3I) (OTCQB: KBXFF) ("
Kobrea
" or the "
Company
") is pleased to announce the
appointment of Axemen Resource Capital ("
Axemen
") and Darren Pylot (together with Axemen, the
"
Advisors
") as strategic advisors to the Company, effective immediately.
Cal Everett, on behalf of Axemen, and Darren Pylot will act as strategic financial advisors to Kobrea and
will assist Kobrea's growth as an emerging copper exploration and development company. The Advisors
will provide the Company with access to their financial networks and will advise the Company with
respect to capital raising, corporate introductions, new project opportunities and M&A strategy. Both
Advisors have a proven track record of working together and building large mining and mineral
exploration companies with a strong focus on shareholder value.
Mr. Everett is a geologist with more than 14 years of surface and underground exploration experience
with senior mining companies. He moved to the financial sector in 1990, spending 12 years with BMO
Nesbitt Burns focused on resource equities and seven years with PI Financial in senior resource
institutional sales and capital markets roles. Mr. Everett is currently CEO of Liberty Gold Corp., a
position he has held since 2016. He is also the Chairman of Angel Wing Metals in Mexico. He holds a
Bachelor of Science degree in Economic Geology from the University New Brunswick. Over his career,
Mr. Everett has raised over a billion dollars in the resource markets for early-stage opportunities, with
resulting M&A transactions that aggregate a multiple of this number.
Cal Everett commented: "The early identification of a new undrilled porphyry copper gold silver
molybdenum district in Mendoza Province, Argentina was the attraction to Kobrea.
To date, 12 major
bulk tonnage porphyry style targets have been identified with one, El Perdido, drill ready now.
Location,
access, elevation and supporting provincial government all reflect favourable support for mineral
exploration.
Drilling of the first target can be done while the remaining targets are airborne and ground
truthed."
Mr. Pylot has over 30 years of executive management experience in the resource sector. In 2006, he
founded Capstone Mining, where he held the position of President & CEO for over 15 years. In 2022,
following the business combination of Capstone Mining and Mantos Copper, he transitioned to
Executive Chair of Capstone Copper's Board of Directors. Under his leadership since 2006, Capstone
has grown from a single-asset company operating the Cozamin mine into a leading intermediate copper
producer, developer and explorer through the acquisitions of Sherwood Copper (Minto mine and Kutcho
project), Far West Mining (Santo Domingo project), the Pinto Valley mine (from BHP Billiton Ltd.) and
Capstone's recent business combination with Mantos Copper (Mantos Blancos and Mantoverde mines).
"I am excited to advise Kobrea as they lead the way into a newly accessible, undrilled, and
underexplored region of Mendoza Province, Argentina," commented Darren Pylot, "The recently
acquired Western Malargüe Copper Projects are part of a world class copper district with multiple large
porphyry targets. I look forward to utilizing my expertise to support the Company's development."
About Kobrea
Kobrea Exploration Corp. is a mineral exploration & development company focused on the acquisition
and exploration of base metal projects.
Kobrea holds the right to earn a 100% interest in 7 projects totaling over 733 km
2
in southwestern
Mendoza Province, Argentina. The properties are considered highly prospective for porphyry copper
and porphyry copper-gold deposits. Numerous porphyry copper targets have been outlined to date
exhibiting multi-kilometre hydrothermal alteration footprints, anomalous copper ± gold ± molybdenum
geochemistry, quartz stockwork veining, localized hydrothermal breccias and Miocene aged dacitic to
dioritic porphyry intrusions.
Kobrea also holds a 100% interest in the Upland Copper Project in British Columbia, Canada.
Qualified Person
The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo.,
Chief Geologist and Director of Kobrea and a Qualified Person under National Instrument 43-101.
For more information, please consult the Company's filings, available at
www.sedarplus.ca
.
ON BEHALF OF THE BOARD OF DIRECTORS
Per:
"
James Hedalen
"
James Hedalen
CEO & Director
Contact Information
James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email:
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable
securities laws with respect to the Company, including statements respecting (i) the expected
contributions of Messrs. Everett and Pylot as advisors to the Company, (ii) the Company's
advancement of its Argentinian copper assets,(iii) factors at the Company's Mendoza project
reflecting local support for mineral exploration, (iv)
drilling of the first target being possible while the
remaining targets are airborne and ground truthed and (v) the Company leading the way into a newly
accessible, undrilled, and underexplored region of Mendoza Province. These forward-looking
statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate,"
"estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and
similar expressions. Although the Company believes that the expectations and assumptions on which
such forward-looking statements and information are based are reasonable, undue reliance should
not be placed on the forward-looking statements and information because the Company can give no
assurance that they will prove to be correct. Since forward-looking statements and information address
future events and conditions, by their very nature they involve inherent risks and uncertainties. Many
factors could cause actual future events to differ materially from the forward-looking statements in this
press release. The forward-looking statements included in this news release are expressly qualified by
this cautionary statement. The forward-looking statements and information contained in this news
release are made as of the date hereof and the Company undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether as a result of new information, future
events or otherwise, unless so required by applicable laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/227932