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CopAur Minerals Refocuses on Flagship Asset and Applies for Permits at Kinsley Mountain, Nevada
MTIMTI(US:MTX) Newsfileยท2025-08-07 19:35

Core Viewpoint - CopAur Minerals Inc. has decided to abandon the acquisition of the Royal Vindicator Mine in Georgia and will concentrate on advancing its Kinsley Mountain Oxide Gold Project in Nevada, which is fully owned by the company [1][5]. Group 1: Strategic Focus - The company is processing a permit application to test the reclaimed heap leach pad at the Kinsley Mountain Project and has hired a mine permitting specialist to develop a comprehensive plan for resuming full mine operations and production [2]. - This strategic realignment emphasizes CopAur's commitment to enhancing shareholder value through disciplined project development and focusing on assets with clear upside potential [5]. Group 2: Historical Context and Potential - The Kinsley Mountain Mine was operational from 1995 to 1999, during which gold prices ranged from US$350 to US$370 per ounce. The mine was previously managed by Alta Gold, which exited the asset and later declared bankruptcy [3]. - Since 2020, CopAur and its former partners have completed over 20,000 meters of drilling, indicating potential for expanding the historic Main Pit Oxide Gold Resource. The company believes that the Kinsley Mountain project presents a compelling opportunity for low-cost, near-term gold production, supported by existing infrastructure and a favorable jurisdiction [4][6].