Copper Quest To Acquire 100% Interest in the Kitimat Copper-Gold Project

Core Viewpoint - Copper Quest Exploration Inc. has entered into a definitive agreement to acquire a 100% interest in the Kitimat Copper-Gold Project, enhancing its portfolio in a strategic mining jurisdiction [1][10]. Project Overview - The Kitimat Copper-Gold Project spans approximately 2,954 hectares and is accessible year-round via logging and mineral exploration roads [2]. - The project is located within 10 km of tidewater, 1.5 km of rail, and 6 km of high-voltage hydroelectric transmission lines, indicating strong infrastructure support [2]. Geological Context - The project is situated in the Stikine Terrane, known for hosting numerous porphyry copper-gold systems, underlain by Late Triassic volcanic rocks and Jurassic diorite and granodiorite [3]. - The primary target area, the Jeannette Cu-Au Zone, shows alteration and mineralization indicative of a larger copper-gold porphyry system [3]. Historical Exploration Highlights - Historical exploration dates back to the late 1960s, with significant work by Decade Resources Ltd. in 2010, which included 16 diamond drill holes totaling 4,437.5 meters [4]. - Notable drill results from 2010 include continuous near-surface copper-gold mineralization, with significant widths remaining open at depth [4]. Acquisition Details - Copper Quest has until January 5, 2026, to complete due diligence on the project, after which it will issue 2,000,000 common shares to the vendor as full consideration [5]. - The project is subject to a 2.5% net smelter return royalty, with a 40% repurchase option for CAD $1,000,000 [5]. Management Comments - The CEO of Copper Quest emphasized the strategic importance of the Kitimat project, highlighting its exceptional infrastructure and location in a proven geological belt [7]. - Historical drill results from the Jeannette zone suggest the potential for a larger near-surface mineralized system [8]. Next Steps - The company plans to leverage AI for integrating historical and modern exploration data to refine geological models and improve targeting precision [16]. - Additional geological mapping, sampling, and geophysical surveys are planned to define priority drill targets [16].