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Aurwest Resources Acquires and Consolidates 100% Interest in Stars Porphyry Copper Property
Calgary, Alberta--(Newsfile Corp. - December 13, 2021) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to announce that it ha
About this update from Aurwest Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - December 13, 2021) - Aurwest Resources Corporation (CSE: AWR) (\"Aurwest\" or the \"Company\") is pleased to announce that it has purchased the remaining 50% interest in the Stars Property from M3 Metals Corp. (the \"Vendor\"), giving it a 100% ownership interest in the property (see news release dated September 30, 2021 regarding the acquisition of the initial 50% interest in the Stars Property). The Stars Property includes an early-stage porphyry copper-molybdenum discovery, covering 3,761 hectares contiguous to Aurwest's Stellar Property in central British Columbia (See figure 1). The historical exploration activities and analytical results reported in this news release were taken from assessment reports filed with the department of Mines and Energy for British Columbia, BC MINFILES, and public company disclosure. Neither Aurwest nor a qualified person has verified the sampling, analytical, and exploration data contained in this news release. STRATEGIC RATIONALE Strategic, financial and operating advantages for the acquisition include: A unique Opportunity to unlock a District Scale Copper Porphyry Project Consolidated district scale play: ongoing exploration activity paired with the 2018 airborne magnetic survey has identified several large signatures within the area, which exhibits a correlation with the Bulkley intrusive suite, the main host for porphyry copper deposits in central British Columbia. The Stars discovery is situated on claims that adjoin the Company's southern boundary and occurs in a large (~5km diameter) positive circular magnetic feature. British Columbia regional exploration activity has significantly increased in the area, given the geological corridor is known for several existing and historical mine operations, including Imperial Metals Corp's Huckleberry Copper mine. Developed infrastructure including power and major transport routes with year-round access. Aurwest will continue to systematically execute on its exploration work to move the property towards a potential preliminary defined resource. With the 100% ownership of Stars, which compliments the existing Stellar project, the company will be updating its National Instrument 43-101 (\"NI 43-101) technical report, which will support a widespread copper-molybdenum-gold-silver porphyry potential of the prope...