About the Nekash project
The Nekash Copper-Gold Project is a Porphyry Exploration Opportunity in Lemhi County, Idaho, along the productive Idaho-Montana Porphyry Copper calls that houses various gold and copper deposits, including world-class systems such as Butte and Cumo (figures 1 & 2). The project is fully available through maintained American motorways and forest service roads and currently consists of 70 non-patented federal Lode claims for an area of 585 hectares.
Historical evaluation by the American desk or mines and more recent work has confirmed the presence of disclosure of phyllic change, copper-gold quartzaders, stock work and a stratabound “manto” horizon sort to 3.8% CU, 0.9 g/t au and 25 g/t ag, with the sample that sample that sample. Rotchip samples of zones of Porfierstijl have returned tests, as high as 6.6% CU and 0.6 g/t au, which emphasizes the robust tenor of mineralization on the surface.
Nekash is interpreted geologically to represent a large, blind porphy system that enters mesoproterozoic sediments from the Dahlonega Creek formation. Surface-mineralization, change and geochemical anomalies indicate a buried copper-gold porphier center at depth, whereby the upper “manto” horizon may represent a halo of carbonate replacement style. The project is located along the Trans-Challis Shear Zone, a structure on a regional scale that has succeeded as a plumbing system for important mineralizing events. Historical Placer-Gold production reported to the border in Montana suggests a mandatory potential on district scale for the ownership of Nekash.
Copper Quest is planning to build on earlier exploration work with modern geophysics, geochemistry and drilling to unlock the full chance of this underexposed system.
Appointment of Joshua White, P.Geo., As a technical adviser
Copper Quest is also delighted to announce the appointment of Joshua White, P.Geo, as a technical adviser to the company and Aqua Terra Geoscientists LLC as the Nekash Project Management Company.
Mr. White is an exploration geologist with more than 13 years of experience and a director of Aqua Terra Geoscientists LLC. He was an American marine combat engineer who served two tours in Iraq. After his return in 2005, he obtained a Bachelor of Science degree in geology at the University of Wyoming, followed by a Masters -Mate of Science in Geosciences by Montana Tech. He worked for Kinross was considered a gold geologist of a project generation and worked for mines and exploration projects on 4 different continents. He has experience with epithermic gold, porphyper buyer, reduced burglary -related gold, orogenic gold and sediment hosted copper systems. He left Kinross as a senior project geologist at the Paracatu Gold Mine in Brazil to become an entrepreneur in the Junior Explorative Space.
” We are very pleased to complete the acquisition of Nekash, which we regard as a very potential copper-gold porphyry target in one of the most compelling rising copper districts in the United States “Said Brian Thurston, CEO of Copper Quest.” The combination of strong surface results, favorable geology and potential on district scale make Nekash an ideal addition to our North American portfolio. With Josh White who attends our Idaho team, we are well positioned to demonstrate the scale of Nekash opportunities and to unlock shareholder value by systematic exploration . ”
Idaho Copper Story & Comparables
Idaho quickly appears as a copper exploration, supported by the location on the Idaho-Montana Porphyry Copper Belt. The state houses remarkable systems, including Butte (Montana), Cumo (Idaho) and the recent Grizzly copper-golden porphyry discovery by Hercules Metals Corp.
The grizzly discovery of Hercules underlines the potential for large-scale porphy porphy systems in the belt and shows the growing investor recognition of the copper potential of Idaho. Idaho’s porphy porcation is underexposed to neighboring states, but it contains the geological characteristics for important copper-gold systems. Projects such as Hercules Metals’ Grizzly Discovery, demonstrate the potential for blind porphyry systems that are hidden under Cover similar to what copper search sees as the potential at Nekash.
Nekash is in a favorable geological corridor with comparisons that demonstrate the scaling and numeric potential of porphyries in this belt. As copper supply chains shift to North America, Idaho offers a mining-friendly jurisdiction with infrastructure, supportive legal frameworks and a strong precedent for important copper developments. The entry of Copper Quest in Idaho offers shareholders exposure to a new border of porphyry exploration in a jurisdiction on a layer.
Figure 2: Porphyry deposits in the Idaho-Montana-Porphier band
Buyer: American policy and macro -economic context
With the administration of President Trump that carries out research into copper import and rates, there is a renewed urgency to redefine and re -tun up domestic copper supply chains. Policy makers have emphasized the strategic importance of copper in energy, defense and technology, with incentives that pop up for the progress of projects established in the US. Against this background, the access from Copper Quest to Idaho positions the company to take advantage of potential policy running and domestic security initiatives.
Buyer: global supply and demand
Worldwide, the demand for copper continues to rise, driven by electrification, electric vehicles, renewable energy and the mass expansion of AI and data center infrastructure. Nevertheless, the offer remains limited, with falling figures for existing mines, limited new discoveries and long -term timelines. The resulting Supply-Demand-Onbalans underlines the importance of promoting new porphyry discoveries in stable jurisdictions such as the US. Copper Quest is tailored to this macro trend and positions Nekash to be part of the next generation of copper discoveries.
Policies of the transaction
According to the conditions of the agreement, Copper Quest has obtained a 100% interest in the Nekash project through the issue of 4,250,000 ordinary shares of the company. The shares will be subject to a blocked leak of 16 months from the date of closure. There is no cash component and no royalties as part of the transaction. The reimbursement of a Finder from an All-Share is due in connection with the acquisition.
Stock options
The company has granted share options to consultants of the company to acquire a total of 450,000 ordinary shares in the capital of the company, in accordance with the company’s stimulus plan of the company. The stock options are each convertible in a general share of the company at a exercise price from $ 0.12 to 22 September 2030.
About Copper Quest Exploration Inc.
Copper Quest (CSE: CQX; OTCQB: Imimf; FRA: 3MX) is aimed at building shareholder value through the exploration and development of the North -American critical mineral portfolio of assets. The company’s package of the company currently includes five projects that include more than 40,000+ hectares in great mining jurisdictions.
Copper Quest has a 100% interest in The Stars Property, a Porphyry Copper-Molybdenum Discovery, with 9,693 hectares in the Bulkley Porphyry Belt from the center of British Columbia. Copper Quest is contiguous on the ownership of the stars and has a 100% interest in the 5,389 hectares of stellar property. CQX also has an earn-in option up to 80% and a joint-venture agreement on the 4,700 hectares of Porphyry Copper-Molybdeneen RIP project, also in the Bulkley Porphyry Belt.
Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphier reconnaissance in Lemhi County, Idaho, past the productive Idaho-Montana-Porphier copper belt that organizes world class systems such as Butte and Cumo. The project is fully available through maintained American motorways and forest service roads and currently consists of 70 non-patented federal Lode claims of 585 hectares.
Copper Quest has a 100% interest in the Thane project in the Quesnel-Terrane of the north of BC, which includes more than 20,658 ha with 10 identified goals with high priority that demonstrate a significant copper and precious mety-mineralization potential.
The leadership and advisory teams of Copper Quest are senior executives for mining industry that have a wealth of experience in the field of technical and capital markets and a strong track record of discovering, financing, developing and serving mining projects on a world scale. Copper Quest is dedicated to sustainable and responsible business activities in accordance with the best practices of the industry, which support all stakeholders, including the local communities in which it is active. The ordinary shares of the company are mainly mentioned on the Canadian stock exchange under the “CQX” symbol. For more information about Copper Quest, go to the website of the company Copper search .
On behalf of the board of Copper Quest Exploration Inc.
Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829
For more information, contact:
Kelly Abbott
Investor relationships
info@copper.quest
Foresight information
This press release contains certain “future -oriented information” and “future -oriented explanations” (collective, ” foresighting statements “) Within the meaning of applichable Securities legislation. All statements, other than statements of historical fact included erein, including without limitation, Future Operations and Activities of Copper Quest, Are Forward-looking statements, Forward-looking statements By words “expects”, “anticipates”, “Believes”, “intends”, “Estimates”, “Potential”, “Possible”, and Similar Expressions, Or Statements, Conditions, or Results “Wil”, “,” Must “Moving”, Exploratory results, the possibility that the company may not be able to guarantee permits and other government statements to perform the exploration plans of the company, and the risk of political uncertainty and regulatory changes in the company could not exercise the company. Future -oriented explanations of beliefs, opinions, projections or other factors, should it change, except as required by the applicable securities laws.
The Canadian Securities Exchange has not assessed, approved or rejected the content of this press release and accepts no responsibility for the adequacy or accuracy of this release.
Figures for this announcement are available on:
https://www.globenewire.com/newsroom/attachmentng/d6b31257-1ec1-4D89-983E-CEC321A1BA2B
https://www.globenewire.com/newsroom/attachmentng/78e0881f-ed51-423c-b4d8-09A0D12075D8
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