Gold Hart Copper Completes Acquisition of Copioso Asset - Former Copper-Gold Mine
Gold Hart completes the acquisition of the Copioso historic mine, expanding its copper-gold portfolio in Chile.
Gold Hart Copper Corp. (HART) has completed the acquisition of the Copioso asset, a former copper-gold-silver mine in Chile, by successfully concluding the court-supervised application process known as the pedimento. The transaction involved only government-mandated fees and legal process costs.
The asset is supported by a historical estimate from 2010/2014 and an exploration target from 2007. The company explicitly states that these figures are not current mineral resources or reserves and have not been verified by a Qualified Person under NI 43-101. To test the historical data and determine the asset's true potential, Gold Hart Copper Corp. has mobilized a team of geologists to begin pre-drilling and systematic sampling.
The site holds an open-pit permit allowing for 4,950 t/month over 3 years and an underground plan permit allowing for 3,136 t/month over 3 years. Future work includes a survey of existing workings, systematic sampling with QA/QC, density measurements, metallurgical testwork, and drilling.
Gold Hart Copper Corp. (HART) has completed the acquisition of the Copioso asset, a transaction that follows the company’s October 15, 2026 announcement regarding the filing of the application for the asset. The company continues its aggressive land-rollup strategy in Chile with this addition, though the historical data provided is non-compliant with NI 43-101 standards and lacks verified geological continuity, drilling, or density data.
Gold Hart Copper Corp. has committed to pre-drilling and sampling, which represents standard early-stage exploration. No immediate resource definition or economic study is on the horizon. The stock has declined significantly from its May 2026 peak of $0.42 to $0.15, reflecting market skepticism regarding the pace of drill results and the dilutive nature of the company's financing and option grants. This news does not alter the company's financial position, near-term cash burn, or exploration timeline materially.
Gold Hart Copper Corp. (HART) is a pre-revenue junior explorer constructing a substantial independent land package within Chile’s Vicuña District and Domeyko Fault System. The company’s flagship asset is the Tolita project, a gold-copper-molybdenum-silver porphyry target. Recent drilling efforts have intercepted more than 340 meters of mineralization starting from the surface, while geophysical surveys have expanded the anomaly to cover 4.5 square kilometers. The company is also utilizing reverse circulation drilling to target high-grade shallow components at the site.
Beyond Tolita, Gold Hart Copper Corp. holds a diverse portfolio of regional assets. These include the Toro epithermal gold-silver deposit, the Nessa Complex copper-gold-silver property which has been expanded to 13,500 hectares, and the Mantocobre IOCG copper-gold project. The company also controls the historic Copioso copper-gold-silver mine, along with several other properties in the region. The company’s strategy focuses on aggressive asset acquisition and exploration acceleration, maintaining a royalty-free, debt-free balance sheet while seeking strategic partnerships.