Copper Road signs Four Separate Option Agreements Consolidating the Ben Nevis Volcanic Complex into a Single Claim Group

Core Viewpoint - Copper Road Resources Inc. has signed a non-binding Letter of Intent to option 174 cell claims covering approximately 10,232 hectares, marking the first consolidation of the Ben Nevis Volcanic Complex into a single claim group [1][2]. Company Overview - Copper Road Resources is focused on exploring the Ben Nevis Volcanic Complex, which is recognized for its potential for volcanogenic massive sulphide (VMS) deposits, although it has seen limited modern exploration [2]. - The company aims to initiate systematic exploration in an overlooked region of the Blake River Group following the completion of the transaction [2]. Geological Context - The Ben Nevis Volcanic Complex is part of the upper Blake River Group, known for its rich concentration of VMS deposits, with approximately half of the total VMS tonnage in the Abitibi greenstone belt located in this area [3]. - The complex has the potential to host gold-rich VMS deposits similar to those found in the Noranda and Doyon-Bousquet-LaRonde mining camps [4]. Exploration Potential - The property features a domal anticlinal package of volcanic rocks, with synvolcanic structures identified as excellent targets for Noranda-type VMS deposits [8]. - Previous exploration highlights include significant mineralization results, such as 0.52% Cu, 11.48% Zn, 7.84% Pb, 112 g/t Au, and 151 g/t Ag from historical sampling [8]. Recent Activities - The company has conducted a 1,164 line-kilometre Mobile Magnetotellurics survey over the consolidated property, the first comprehensive electromagnetic and magnetic data collection since 1990 [9]. - The MobileMT system is designed to provide detailed geoelectrical information, aiding in the identification of potential mineralization zones [10][11]. Transaction Details - The option agreements allow Copper Road to earn a 100% interest in the projects, with cash payments and share issuances totaling CAD 7.5 million over three years [15]. - Upon exercising the option, the vendors will retain a 2% net smelter return royalty, which Copper Road can repurchase under specified conditions [13].