Gold Supply and Demand
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Copper Quest to Acquire Past-Producing Alpine Gold Mine
Globenewswireยท 2025-11-14 09:00
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 and development of its North American Critical Mineral portfolio, which includes five projects spanning over 40,000 hectares [21][25]. 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][16]. - A reimbursement of $225,000 towards 2025 expenditures and a 2% NSR will be granted to the seller, with half of it being buyable back 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 has a historical production of approximately 16,810 tonnes of mineralized vein material, containing 356,360 grams of gold and 222,054 grams of silver [3][9]. - An inferred resource of 268,000 tonnes with an average grade of 16.52 g/t Au, representing 142,000 ounces of gold, was estimated in 2018 [4]. Exploration Potential - The property hosts at least four additional unexplored vein systems, including Black Prince, Cold Blow, Gold Crown, and past-producing King Solomon, all known for high-grade gold values [4][3]. - 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 acquisition will bring Mr. Allan Matovich to the Board of Directors, who has over 60 years of mining and exploration experience [6][7]. - Mr. Ted Muraro and Mr. John Mirko will also join as Technical Advisors, contributing a combined experience of over 100 years in the mining industry [12][13]. Market Context - Global demand for gold remains strong due to geopolitical uncertainty and inflation, while supply growth is limited, highlighting the strategic value of advancing new gold projects [19].