CopAur Minerals Board Approves Strategy to Focus on Nevada Properties
[Click image to enlarge]
CopAur Minerals’ board of directors, with the support of management, has approved a strategy focused on the company’s Nevada properties.
Additionally, the company is considering various alternatives to maximize the current and future value of the Williams Property in British Columbia. These options include creating a new company, spinning out, joint venturing, or optioning the Williams Property. The objective is to advance the Williams Property while enabling CopAur to receive cash and shares upfront from any transaction, and to maintain long-term ownership in the Williams Property as they concentrate their exploration efforts in Nevada.
The Williams property is comprised of mining claims totaling 17,000 hectare consolidated land package with substantial gold and copper discovery potential and hosts two large exploration targets, the T-Bill prospect which is prospective for mesothermal style gold mineralization, and the GIC porphyry prospect which is prospective for porphyry copper-gold-molybdenum style mineralization.
The company also said it is has recently received a new 5-year permit for the Williams Project in the Toodoggone region of BC.
“We are currently exploring various options to benefit both existing and new shareholders of Copaur. Our aim, subject to successfully finalizing a deal with a new company for Williams, is to offer shareholders the opportunity to invest in the initial funding of this new metals group entity. Historically past initial fundings of metals group companies have preformed extremely well. However, past success does not guarantee future results,” said CEO Jeremy Yaseniuk.
“In anticipation of the Williams transaction, we plan to provide Copaur shareholders an opportunity to participate in the new company. This is contingent on the successful completion of the transaction. Our strategy seeks to reward the loyalty of our longstanding shareholders and the trust of recent investors. This approach will also enable our management team to focus on expanding our Nevada portfolio, particularly the Kinsley Gold property, while allowing our shareholders to continue benefiting from the value of Williams,” added Yaseniuk.
CopAur Minerals 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 and its 100 percent owned Williams Project that points to significant gold-copper potential within the prolific Golden Horseshoe of northern British Columbia, Canada. CopAur remains dedicated to delivering substantial growth and value creation for our shareholders through strategic asset development and management.
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2024 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
