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Grafton Resources Enters into Framework Agreement to Acquire Exclusive Option to Acquire 100% of the Alicahue Copper Project in Chile
Vancouver, British Columbia – October 28, 2025 – TheNewswire - Grafton Resources (CSE:GFT) ("Grafton Resources" or the "Company") is pleased to announce that it
About this update from Grafton Resources Inc
[{"type":"text","content":"Vancouver, British Columbia – October 28, 2025 – TheNewswire - Grafton Resources (CSE:GFT) (\"Grafton Resources\" or the \"Company\") is pleased to announce that it has entered into a framework agreement dated as of October 27, 2025 (the “Framework Agreement”), pursuant to which Grafton Resources, through a wholly-owned Chilean subsidiary, will acquire an option (the “Option”) to acquire a 100% interest in the Alicahue Copper Project (the “Project” or “Alicahue”), located in the Valparaiso Region of Chile from Asesorias e Inversiones Sol SpA (“the “Vendor”), a party that is at arm’s length to the Company. The Project comprises 3,500 Ha of concessions, at an average altitude of 1,700 m. The Project is located 140 km by road to Santiago, 75 km south of Los Pelambres, 100 km north of Los Bronces, and 60 km from the coast. The Framework Agreement will be superseded by a formal definitive option agreement (“Definitive Agreement”) once Option negotiations have been finalized. The Option will be subject to the review and approval of the Canadian Securities Exchange (“CSE”). Highlights Multiple mineralizing styles within highly endowed concession area IOCG, gossanised shear zone with high grade samples up to 6.34% Cu, 1.51g/t Au, 59 g/t Ag Cu-Au porphyry vectors: epithermal veins, tourmaline breccias, and UST textures with samples up to 2.26% Cu and 0.75 g/t Au Campbell Smyth, Chairman of the Company commented: \"The Alicahue Copper Project represents an exciting new copper discovery opportunity in a world-class jurisdiction. Our team believes Alicahue has the geological, and geochemical hallmarks of a significant mineralized system, and with this agreement, we are positioned to advance the project rapidly toward target definition and drilling.\" Alicahue Copper Project Overview The Project is located at an altitude of approximately 1,700 metres in the Andean Cordillera, just 140 km north of Santiago and 6 km from paved road access (Figure 1). The project covers 3,500 hectares of mining concessions in a northwest (“NW”) and southeast (“SE”) block. The area is surrounded by mining companies such as Newmont Gold Corp., and Los Andes Copper Ltd. The project area has never been subjected to systematic copper exploration until recent years. The Vendor assessed the area for copper potential...