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Hi-View to Acquire 1992 Placer Dome Porphry Target Adjacent to Centerra's Kemess Complex
Thenewswireยท 2025-08-28 17:15
Core Viewpoint - Hi-View Resources Inc. has signed a definitive agreement to acquire the Borealis Project from Coast Copper Corp., expanding its land position in the Toodoggone District of British Columbia, which includes historically documented mineral occurrences [1][3]. Company Overview - Hi-View Resources Inc. is a mineral exploration company focused on gold, silver, and copper in northern British Columbia, with properties spanning 10,832.5 hectares, including the Golden Stranger Property and other claims [16]. Acquisition Details - The Borealis Project encompasses 9,106.06 hectares and includes three mineral occurrences: Firesteel, Bren, and Cas 3-9, located near the Kemess deposits [1][3]. - The acquisition allows Hi-View to obtain a 100% interest in the property without any work commitments, which is expected to unlock significant shareholder value [4]. Historical Data and Mineralization - Historical exploration at the Cas area revealed high-potential targets, including IP chargeability highs of up to 73 msec and geochemical signatures with soil samples showing up to 138 ppm Cu and 970 ppb Au [3][4]. - The Bren area has reported high-grade silver intervals, with drilling results showing up to 349.7 g/t Ag and 0.68 g/t Au over 0.09 m [5]. - The Firesteel area is characterized by mineralization in a replacement/skarn setting, with reported chip intervals of 11.5% Zn and 54.0 g/t Ag over 4.8 m [6]. Agreement Terms - Coast Copper will retain a 3% NSR royalty on the property, with Hi-View having the right to repurchase 1% for $2,500,000 and an additional 1% for $5,000,000 [9]. - Hi-View will make an initial non-refundable deposit of $50,000 for exploration expenditures, followed by a cash payment of $450,000 and the issuance of 3,500,000 shares upon closing [14]. Future Plans - Hi-View plans to review and potentially follow up on the identified anomalies with updated geophysical and drilling programs, subject to permitting and market conditions [8].