Star Copper has signed a definitive agreement with Eastfield Resources to acquire the Zymo Copper-Gold Project and a majority interest in the Indata Copper-Gold-Molybdenum Project, both located in British Columbia (BC), Canada.
The agreement will see Star Copper obtain 100% ownership of the Zymo Project and Eastfield’s 95.3% interest in the Indata Project in exchange for 10,000,000 common shares.
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Completion of the transaction remains subject to certain conditions.
The 18,184-hectare (ha) Zymo Project is situated roughly 45km west of Smithers.
It contains a large, under-explored copper-gold porphyry system.
Previous exploration at Zymo comprised 34 drill-holes totalling more than 10,800m and has led to the identification of at least five mineralised zones including the Hobbes and FM Zones.
Reported drill results from past exploration include 159m grading 0.44% copper and 0.32 grams per tonne (g/t) gold in one hole, with a subset of 72m containing 0.72% copper and 0.66g/t gold.
The project currently holds a five-year permit for up to 50 drill sites and additional geophysical surveys.
Exploration at the 4,551ha Indata Project, located roughly 120km north of Fort St. James, includes 87 drill-holes totalling more than 10,000m.
The property holds copper-gold-molybdenum mineralisation and also contains antimony, nickel and silver potential. The site is fully permitted through 2030 for exploration purposes.
If finalised, the acquisition would add to Star Copper’s assets alongside its flagship Star Project in the region.
Star Copper CEO Darryl Jones said: “This proposed acquisition represents a transformational step for Star Copper and accelerates our evolution into a premier British Columbia-focused copper-gold exploration company.
“Zymo is precisely the type of project we seek to add to our portfolio. It is a large-scale copper-gold porphyry system with extensive drilling, exceptional geophysical signatures, strong historical intercepts, significant prior investment and substantial discovery upside.”
