- CopAur Minerals (CPAU) has exercised its option to acquire a 50.01-per-cent interest in the Carlin-Type Bolo Gold and Silver Project in Nevada
- The company achieved this by incurring and completing the final US$1.5 million in exploration expenditures
- The company has also notified Allegiant of its intent to earn an additional 24.99-per-cent interest in the Bolo Project agreement
- CopAur Minerals Inc. is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and BC
- CopAur Minerals Inc. was down 2.062 per cent, trading at $0.475 at 11:01 AM ET
CopAur Minerals (CPAU) has exercised its option to acquire a 50.01-per-cent interest in the Carlin-Type Bolo Gold and Silver Project in Nevada.
CopAur completed US$1.5 million in exploration expenditures required to satisfy the remaining option requirement to earn a 50.01-per-cent interest in the Bolo Project in Nevada.
Furthermore, the company has provided notice to Allegiant regarding its intent to earn an additional 24.99-per-cent interest in the Bolo Project agreement by incurring an additional $4 million in exploration expenditures within two years.
No further share payments are to be made to Allegiant to earn 75 per cent.
“Following this successful earn-in within the last year, CopAur has now acquired a 50.01-per-cent ownership interest in the Bolo project, a 79.99-per-cent ownership interest in the Kingsley Gold project and a 100-per-cent interest in the Troy Canyon property, all in Nevada,” explained the company’s CEO, Jeremy Yaseniuk.
“CopAur also has a 100-per-cent ownership interest in the Williams gold-copper project in British Columbia and is ideally positioned for further growth and development,” he added.
The company’s initial plan in early 2023 is to focus on the Kingsley gold project and expects to commence further drilling in late January.
CopAur Minerals Inc. is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia.
CopAur Minerals Inc. was down 2.062 per cent, trading at $0.475 at 11:01 AM ET.
