- CopAur Minerals (TSXV:CPAU) has signed a term sheet with Nevada Sunrise Metals (TSXV:NEV) to acquire Nevada Sunrise’s 18.74 per cent ownership in the Kinsley Mountain Gold Project in Nevada
- The company intends to acquire the 18.74 per cent interest for C$475,000 and 1 million common shares of CopAur
- Should the transaction go through, CopAur Minerals will then own 100 per cent of the project
- Shares of CopAur Minerals are up 2.78 per cent to C$0.18 as of 11:09 am ET
CopAur Minerals (TSXV:CPAU) has revealed it has signed a term sheet with Nevada Sunrise Metals (TSXV:NEV) to acquire Nevada Sunrise’s 18.74 per cent ownership in the Kinsley Mountain Gold Project in Nevada.
In a news release, the company stated it intends to acquire the 18.74 per cent interest for C$475,000 and 1 million common shares of CopAur.
Should the transaction go through, CopAur Minerals will then own 100 per cent of the project.
“Acquiring the remaining 18.74 per cent ownership interest in the Kinsley Project will provide us with full control over the project and the ability to concentrate our efforts on advancing this exciting project,” Jeremy Yaseniuk, CEO of CopAur Minerals, said in a statement.
The company previously completed reverse circulation and diamond core drilling in late 2023 at Kinsley Mountain, which intersected high-grade near-surface oxide gold intercepts within the Main Pit North area.
Yaseniuk explained the company now hopes to initiate the integrated exploration data analysis to advance the understanding of the Kinsley Project mineralization
The Kinsley Project is host to current mineral resources that CopAur is working to upgrade and expand. The Kinsley Project was a historical past producer that yielded 138,000 ounces of near-surface open-pit oxide gold between 1995 and 1999.
CopAur is an exploration company focused on developing projects in Nevada. The company is notably advancing its projects in Nevada with the flagship project being Kinsley Mountain gold property.
Shares of CopAur Minerals (TSXV:CPAU) are up 2.78 per cent to C$0.18 as of 11:09 am ET.
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