Copaur hires Apex Geoscience to update Kinsley model

Executive Summary

• Copaur Minerals Inc. has contracted Apex Geoscience Ltd. to integrate approximately 20,000 metres of reverse circulation and diamond core drilling data (completed in 2020 and 2023) into the existing Kinsley Mountain geology and mineralization model.
• The update aims to delineate near-surface oxide exploration targets for potential heap-leach recovery and provide direction for continued oxide resource expansion.
• The Kinsley Mountain project currently hosts a total mineral resource of 535,000 ounces (indicated and inferred), including a high-grade Western Flank zone.

Key Details

• Contractor: Apex Geoscience Ltd. (Edmonton, Alta.).
• Scope of Work: Integration of ~20,000 metres of RC and diamond core drilling from 2020 and 2023 into the Kinsley Mountain geology and mineralization model.
• Strategic Goal: Delineate near-surface oxide exploration targets for potential heap-leach recovery and guide continued oxide resource expansion.
• Current Mineral Resources (Kinsley Mountain):
  • Total Indicated and Inferred: 535,000 ounces.
  • Indicated: 418,000 ounces at 2.63 g/t Au.
  • Inferred: 117,000 ounces at 1.51 g/t Au.
  • High-Grade Western Flank Zone: 302,000 ounces averaging 6.11 g/t Au.
• Recent Drill Intercepts (2020/2023 Programs):
  • KMR20-030 (Mine Pit North): 7.6 metres at 9.83 g/t Au within a broader zone of 36.6 metres at 2.88 g/t Au. Located 75 metres north of the existing resource pit shell.
  • KMR23-03 (Main Pit North): 25.9 metres at 2.22 g/t Au, including 10.7 metres at 4.2 g/t Au. Located outside the resource pit shell.
  • KMD20-07B (Secret Spot): 25.3 metres at 1.77 g/t Au. Identified as a new surface oxide discovery.
• Historical Context: Kinsley was last in production in 1998 (gold price ~$360/oz). Operations were suspended by Alta Gold, which later entered bankruptcy.

Notable Quotes

• "These drill programs were primarily an expansive exploration- and near-resource-focused effort that looked to equally: (i) make new discoveries; and (ii) target near-resource expansion around the Main pit. This modelling effort will further delineate near-surface oxide exploration targets that could be considered for potential heap-leach recovery in the future and provide the company with further direction for continued oxide resource expansion exploration efforts." — Andrew Neale, Chief Executive Officer.