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Coast Copper Congratulates Skeena and Newmont on QuestEx Gold & Copper Transaction
Coast Copper Congratulates Skeena and Newmont on QuestEx Gold & Copper Transaction ...
About this update from Coast Copper Corp
[{"type":"text","content":"\n \n \n \n Coast Copper Congratulates Skeena and Newmont on QuestEx Gold & Copper Transaction\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Coast Copper Congratulates Skeena and Newmont on QuestEx Gold & Copper Transaction\n \n \n Canada NewsWire\n \n \n \n \n \n TSX. V: COCO\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 31, 2022\n \n \n /CNW/ -\n \n Coast Copper Corp. (\"Coast Copper\" or the \"Company\")\n \n (TSXV: COCO) would like to congratulate Skeena Resources Limited (\"\n \n Skeena\n \n \") on its acquisition of QuestEx Gold & Copper Exploration (\"\n \n QuestEx\n \n \"), subject to customary closing conditions, which was announced on\n \n March 30, 2022\n \n . Skeena and QuestEx have signed a binding agreement whereby Skeena will acquire all of the issued and outstanding shares of QuestEx that Skeena does not currently own for approximately\n \n $48.6 million\n \n , valuing the acquisition at approximately\n \n $56.5 million\n \n . Concurrent with signing of the binding agreement, Newmont Corporation (\"\n \n Newmont\n \n \") has entered into an asset purchase agreement with Skeena to acquire the Heart Peaks, Castle/Moat and North ROK/Coyote properties from Skeena, along with related assets, for approximately\n \n $27.0 million\n \n .\n \n \n \n \n \n \n \n \n \n Skeena will retain QuestEx's large landholdings, including the KSP and Kingpin properties, in the core of\n \n British Columbia's\n \n (\"\n \n BC\n \n \") Golden Triangle district near its Snip and\n \n Eskay Creek\n \n projects as well as the\n \n Sofia\n \n project in BC's Toodoggone district.\n \n \n With the announcement of this transaction, Coast Copper is now the only junior mineral exploration company on the favourable trend of the Red Chris Mine district of the Golden Triangle (see Figure 1).  The only other companies with significant positions in this district are Newmont and Newcrest Mining Limited/Imperial Metals Corporation. Coast Copper's\n \n Red Chris\n \n properties include the Gin and\n \n Eldorado\n \n properties which are adjacent and on trend o...