Production / Operations
Copper Road completes drone mag survey in Red Lake
CRD · Price
Executive Summary
- Copper Road Resources Inc. (CRR) congratulates Sterling Metals Corp. on its drill intercept of 262.5 m @ 1.05 % Cu‑eq and reaffirms its ~1.8 M‑share ownership in Sterling.
- CRR completed a drone‑magnetic survey over the Mount Jamie claims in Red Lake, Ontario; results are pending.
- CRR granted 1.6 million incentive stock options to directors and officers at an exercise price of $0.05 per share, exercisable for five years (expires Oct 3 2030).
Key Details
- Sterling Metals drill result: 262.5 m interval grading 1.05 % copper equivalent reported on Sept 29 2025.
- Shareholding: CRR holds approximately 1.8 million shares of Sterling Metals Corp., confirming a significant equity stake.
- Drone‑magnetic survey: Completed over the Mount Jamie claims (Red Lake, Ontario); purpose was to delineate mineral potential; results to be released “in the near future.”
- Stock option grant: 1.6 million incentive stock options issued under the company’s director/officer plan.
- Exercise price: $0.05 per common share.
- Term: Five years, expiring on Oct 3 2030.
- Safe Harbor statement included as required.
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May 27, 2026 · 09:25