Stearman Signs Option to Acquire 100% of Brassie Creek Property in BC

Acquisition and Exploration - The company has entered into an option agreement to acquire a 100% interest in the Brassie Creek Property, which consists of 9 mineral claims covering 1,862 hectares, located 48 km west of Kamloops, British Columbia, and is prospective for copper, gold, and silver [1] - The option agreement requires cash payments of $200,000, exploration expenditures of $54,000, and the issuance of 300,000 shares over a 4-year period, with $2,500 and 50,000 shares to be delivered initially [2] - The company plans to consider an exploration program for the Brassie Creek Property in the spring of 2025 [2] Location and Historical Context - The Brassie Creek Property is located in a prolific copper-producing area, 15 km from Teck Resources' Highland Valley Copper Mine, the largest open-pit mine in Canada, which has been producing copper, gold, and molybdenum since 1962 [4] - The New Afton Mine, producing copper and gold since 2012, is located 36 km east of the property, and Getty Copper's Getty North prospect is located 17 km south of the property [4] - The property has a history of exploration since 1970, including drilling from 1970 to 1976 and 1998 to 2000, and a geophysical program in 2020 that supports further exploration [6] Company Overview - The company is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties in Canada and the USA [5] - The company currently holds an option on the Miniac Property in Quebec, which consists of 78 claims over 4,110 hectares, prospective for gold, zinc, copper, and silver [5] Corporate Actions - The company has granted stock options to directors and officers, exercisable for 400,000 common shares at $0.05 each for three years, in accordance with the company's Stock Option Plan [7]