Business
Quetzal Copper Announces Acquisition of Cristinas Copper Project, Chihuahua, Mexico
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2024) - Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company"), a copper-focused exploration compa
About this update from Silverco Mining Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 11, 2024) - Quetzal Copper Corp. (TSXV: Q) (\"Quetzal\" or the \"Company\"), a copper-focused exploration company, is pleased to announce that the Company entered into an agreement with certain third-party vendors (the \"Polaris Vendors\"), pursuant to which the Company has been granted the option (the \"Polaris Option\") to acquire all of the issued and outstanding shares of Polaris Resources, S.A. de C.V. (\"Polaris Resources\"). Polaris Resources holds a 100% interest in the Cristinas copper project located in the state of Chihuahua, Mexico (the \"Cristinas Project\"), subject to fulfillment of certain underlying payments to be made to the underlying property vendors (the \"Property Vendors\"). CEO Matthew Badiali said, \"The Cristinas Project is another exciting exploration target identified by the Company's technical team. It has all the features we value: nearby infrastructure, road access, outstanding geology with high-grades, and historic exploration success. The Cristinas Project held a small-scale oxide copper mine in the 1970's. The only drilling since was completed in 2014. That program yielded 4.3 metres true width grading 3.2% copper and 3.7 meters (true width) of 3.0% copper. These are the deepest completed holes, only 80m below the surface and remain open at depth. No one ever followed up on the historical drill program. We believe the Cristinas Project provides our shareholders with an excellent risk/reward profile for an exploration project, and we intend to commence drilling in late May 2024.\" Figure 1: Plan map showing veining, historic copper surface samples and locations of historic drill holes at the Cristinas Project, Chihuahua, Mexico. Cristinas Project The 685-hectare Cristinas Project is in northeastern Chihuahua state, Mexico, approximately 2-hours by car from Chihuahua City. The Cristinas Project includes a historic copper mine that operated in the 1970's on shallow copper oxide mineralization. In 2014, Cyprium Mining Corp. drilled twelve holes in and around the historic workings. The program evaluated potentially higher-grade shallow copper-silver mineralization up to 150 m in depth (Cyprium Mining Management Discussion and Analysis, November 26, 2014). The program identified four closely spaced, parallel structures with widths between 0.25 m to...