CAVU Mining Corp. announced that it has signed a definitive agreement to option a 51% interest in the Star copper-gold porphyry project in northern British Columbia from Prosper Gold Corp. The Company purchased 49% of the Star Project on April 20, 2022, and now has a path to own 100% of the asset.

The Star Project is located in the traditional territory of the Tahltan and Taku River Tlingit First Nations. The Star Project is a copper-gold porphyry of 6,829 Ha. The project is located about 50 km of the community of Telegraph Creek.

Regionally, the property is within the Stikine Arch, an important geological region that hosts a number of large porphyry copper-gold projects (e.g., Red Chris and Galore Creek deposits1, respectively 135 km southeast and 105 km southwest of the property. The main Star target is mineralized to a depth of 700 m below surface and contains a preserved supergene enriched zone (notable drill results are indicated in Table 1 & 2). There are also 4 additional targets on the Star project that are known to host copper mineralization but are not drilled to the same extent.

CAVU is compiling and analyzing all existing data in order to plan a comprehensive exploration program. Access to the Star Project is through a fixed-wing airstrip on site and a network of trails and drill-roads. Camp facilities are on-site and were last used in 2014.

The project is permitted for drilling until March 31, 2026.