CopAur Minerals Inc. (TSXV: CPAU) (OTCQB: COPAF) ('CopAur' or the 'Company') is pleased to announce results for the first diamond drill hole completed during 2023, and the first hole drilled since 2020, at the Company's flagship Kinsley Mountain Gold Project (the 'Kinsley Mountain Project' or 'Kinsley Mountain') in Elko County, Nevada.
The 2023 drilling follows up on the highly successful 49 hole, 18,000 metres 2020 Kinsley drill campaign.
Kinsley Mountain is a unique property, located 90 km south of the Long Canyon Mine1, hosting eastern Great Basin Carlin-type high-grade sulphide Gold (Western Flank Zone) and near surface oxide gold resources (Main Pit North target).
Diamond drill hole KMD23-01, located 550 metres northwest of the past-producing pits at Kinsley, returned 12.6 grams-per-tonne (g/t) gold (au) over 20.3 metres; including 29.4 g/t Au over 4.7 metres.
Western Flank Zone (WFZ) resource infill drill hole KMD23-01, was designed to test below 2013 drill hole PK091CA that was the initial high-grade gold discovery hole at WFZ and terminated in mineralization at a depth of 292 metres. KMD23-01 successfully confirmed the high-grade gold mineralized intersect within this area of lower drill density transecting the complete section of the Secret Canyon Shale gold host.
The 2023 Kinsley Mountain drill program comprises a series of seven (7) RC drill holes and three (3) diamond drill holes completed at the high-grade Western Flank Zone, Main Pit North oxide target, and Kinsley Ridge targets. Additional results for RC drilling at Main Pit North targeting broad >0.2 g/t Au intercepts for near surface oxide gold resource expansion, and diamond drill holes (Western Flank Zone resource infill, and Kinsley Ridge geophysical target) will be released in the coming weeks as results become available.
CEO Jeremy Yaseniuk stated, 'We are very pleased with the release of the first diamond drill hole assays of 2023 at Kinsley Mountain. We have once again demonstrated the very high gold grades that are the hallmark of the Western Flank Zone mineral resource. At the time of initial discovery in 2013 these high grades were interpreted to support district-scale potential at Kinsley. CopAur continues to firmly believe in that potential, which we look forward to demonstrating through upcoming drill results and continued exploration and infill drilling at Kinsley.'
About CopAur
CPAU is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia. The Company is backed by a dynamic and experienced team of resource professionals advancing multiple holdings across both regions; the flagship being Kinsley Mountain Gold Property, a Carlin-style project located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture, Nevada Gold Mines) and its 100% owned Williams Project that points to significant gold-copper potential within the prolific Golden Horseshoe of northern British Columbia, Canada.
Contact:
Tel: +1 (604) 773-1467
Email: jeremyy@copaur.com
Forward-Looking Information
This news release contains forward-looking statements. These statements relate to future events or Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
COPAUR MINERALS INC. 