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Vancouver, British Columbia--(Newsfile Corp. - October 8, 2024) - CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ("CopAur" or the "Company") announces it is in ongoing discussions with multiple parties to explore a range of strategic options to advance its projects. These discussions have been active for several months, with management carefully evaluating each opportunity. Many of the current proposals do not align with the company's strategic objectives at this time there is no assurances that any of these options will amount to anything.
The opportunities under consideration include potential buyouts, joint venture agreements, and the potential of gold production from oxide materials at Kinsley Mountain. Management is committed to balancing short, medium, and long-term value creation for all shareholders as we assess these options.
While these discussions are ongoing and no decisions have been finalized, we are pleased to announce that the company is evaluating the necessary steps to potentially advance the oxide gold deposit at Kinsley Mountain towards production. This evaluation may include the preparation of key technical studies, such as a Preliminary Economic Assessment (PEA), Pre-Feasibility Study (PFS), and Feasibility Study (FS), which are essential to making an informed decision on whether to move forward.
The Kinsley Project was a historical past-producer that yielded 138,000 ounces of near surface open pit oxide gold between 1995-1999 when Gold was under 400 USD per ounce.
We are inclined to pursue this direction due to the potential for cash flow from oxide gold production, which could potentially provide funding for further exploration activities without additional dilution to CopAur Minerals' shareholders. Given the current record-high gold prices, we believe this opportunity warrants thorough exploration.
In the coming weeks, we aim to provide shareholders with updates on several key areas, including potential additions to the management team, our evaluation of various financing options, and developments with strategic partners. Additionally, we will offer greater clarity on the team's qualifications and our track record moving forward.
CopAur CEO, Jeremy Yaseniuk commented, "We would like to express our gratitude to our shareholders for their continued patience as we carefully navigate these opportunities. Please rest assured that we are focused on maximizing the value of our assets for the benefit of our shareholders. As a significant shareholder myself, my interests are fully aligned with yours, and I look forward to providing more specific updates on our initiatives in the near future."