Copper Quest to Acquire Past-Producing Alpine Gold Mine

Core Viewpoint - Copper Quest Exploration Inc. has entered into an Option to Purchase Agreement for the Alpine Gold Property, which presents significant opportunities for value creation amid high gold prices [1][4]. Company Overview - Copper Quest is focused on strategic acquisitions and the exploration of critical mineral projects across North America, currently holding over 40,000 hectares of land [21][25]. - The company has a 100% interest in several projects, including the Stars Property and the Nekash Copper-Gold Project, which are located in favorable mining jurisdictions [22][23]. Acquisition Details - The Agreement involves the purchase of all mineral claims and crown grants of the Alpine Gold Property, with Copper Quest issuing 14,177,517 common shares at a deemed price of $0.175 per share [15][17]. - The company will also reimburse $225,000 for prior expenditures on the property and grant a 2% net smelter return (NSR) to the seller, with half of it being buyable for CAD$1 million [16][17]. Property Highlights - The Alpine Gold Property spans 4,611.49 hectares and is located approximately 20 kilometers northeast of Nelson, British Columbia [3]. - The property includes a former underground mine with historical production of approximately 16,810 tonnes of mineralized material, containing 356,360 grams of gold and 222,054 grams of silver [3][4]. - There are additional unexplored vein systems on the property, including Black Prince, Cold Blow, Gold Crown, and past-producing King Solomon, all known for high-grade gold values [4]. Resource Potential - The 2018 NI43-101 inferred resource estimate for the property is 268,000 tonnes at an average grade of 16.52 g/t Au, equating to approximately 142,000 ounces of gold [4]. - There is an estimated 24,000 tonnes of Run of Mine mineralized stockpile on the surface, presenting a potential near-term cash flow opportunity [4]. Leadership and Expertise - The company has appointed Mr. Allan Matovich to the Board of Directors, who has over 60 years of mining experience and is the principal owner of the Alpine Gold Property [6][7]. - Mr. Ted Muraro and Mr. John Mirko will serve as Technical Advisors, bringing over 100 years of combined experience in mineral exploration and development [10][12]. Market Context - Global demand for gold remains strong due to geopolitical uncertainties and inflation, while supply growth is limited, highlighting the strategic value of advancing new gold projects [19].