Copper Quest to acquire Alpine Gold mine in British Columbia

Copper Quest Exploration has announced an arms-length enactment to acquisition statement to get the Alpine Gold excavation successful British Columbia, Canada, from 0847114 BC (Privco).

Privco volition supply Copper Quest with a 100% ownership, rubric and involvement successful the Alpine Gold spot nether the agreement.

The Alpine Gold property, located successful the West Kootenay region, is supported by a 2018 NI43-101 inferred assets estimation of 268,000 tonnes (t), calculated utilizing a cut-off people of 5 grams per tonne (g/t) of golden and an mean people of 16.52g/t of gold.

This represents an inferred assets of 142,000oz of gold.

There is important accidental to grow the maiden Alpine resource, some on the east-west onslaught and astatine depth, arsenic lone astir 300m of the astir 2km-long vein strategy has been explored to day done underground workings and drilling.

The spot besides contains an estimated 24,000t tally of excavation mineralised stockpile connected the surface, which whitethorn connection a near-term currency travel opportunity.

The tract features 1,650m of cleanable and adust underground workings that supply entree to sampled and mineable zones.

The Alpine Gold spot covers much than 4,611 hectares, is accessible by road, and consists of 15 Crown Grants (one with aboveground rights) and 19 staked mineral claims.

Designed for year-round operations, the spot offers logistical advantages for exploration and mining activities.

Located astir 20km north-east of the metropolis of Nelson, the spot encompasses a erstwhile operating underground mine.

Historical records bespeak accumulation of astir 16,810t of mineralised vein material, which yielded 356,360g of gold, 222,054g of silver, 49,329kg of pb and 17,167kg of zinc.

Further exploration is planned for the different 4 important vein systems connected the property.

These see the Black Prince and Cold Blow quartz veins, located astir 3km north-east of the Alpine mine, the Gold Crown vein strategy 600m south-east and the past-producing King Solomon vein workings 1.8km to the south.

Upon closing of the transaction, Copper Quest volition name the main proprietor of the Alpine Gold property, Allan Matovich, to its Board of Directors, and Ted Muraro and John Mirko arsenic method advisors.

Copper Quest president and CEO Brian Thurston said: “With golden prices astatine all-time highs, the Alpine Gold spot creates a tremendous accidental to make near-term value. I look guardant to closing the transaction and welcoming Mr Matovich, Mr Muraro and Mr Mirko to the team.”

Last month, Copper Quest Exploration signed a definitive statement to get a 100% involvement successful the Kitimat copper-gold task successful British Columbia.