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Concerning the Nekash Undertaking
The Nekash Copper-Gold Undertaking is a porphyry exploration alternative situated in Lemhi County, Idaho, alongside the prolific Idaho-Montana porphyry copper belt that hosts a number of gold and copper deposits together with world-class methods equivalent to Butte and CUMO (Figures 1 & 2). The challenge is absolutely road-accessible through maintained U.S. highways and forest service roads and at present consists of 70 unpatented federal lode claims protecting an space of 585 hectares.
Historic analysis by the U.S. Bureau of Mines and newer work has confirmed the presence of outcropping phyllic alteration, copper-gold quartz veins, stockwork veining, and a stratabound “manto” horizon grading as much as 3.8% Cu, 0.9 g/t Au, and 25 g/t Ag, with the pattern returning 3.8% Cu having been taken throughout 6.4 metres. Rock chip samples from zones of porphyry-style veining have returned assays as excessive as 6.6% Cu and 0.6 g/t Au, highlighting the strong tenor of mineralization at floor.
Geologically, Nekash is interpreted to symbolize a big, blind porphyry system intruding Mesoproterozoic sediments of the Dahlonega Creek Formation. Floor mineralization, alteration, and geochemical anomalies level to a buried copper-gold porphyry middle at depth, with the overlying “manto” horizon probably representing a carbonate-replacement type halo. The challenge lies alongside the Trans-Challis shear zone, a regional-scale construction that has acted as a plumbing system for main mineralizing occasions. Historic placer gold manufacturing reported simply throughout the border in Montana suggests a compelling district-scale potential for the Nekash Property.
Copper Quest intends to construct on the earlier exploration work with fashionable geophysics, geochemistry, and drilling to unlock the total alternative of this underexplored system.
Appointment of Joshua White, P.Geo., as Technical Advisor
Copper Quest can be happy to announce the appointment of Joshua White, P.Geo., as Technical Advisor to the Firm and Aqua Terra Geoscientists LLC because the Nekash challenge administration firm.
Mr. White is an exploration geologist with over 13 years of expertise and a principal of Aqua Terra Geoscientists LLC. He was a United States Marine fight engineer who served two excursions in Iraq. After returning residence in 2005, he earned a Bachelor of Science Diploma in Geology from the College of Wyoming, adopted by a Masters Diploma of Science in Geosciences from Montana Tech. He labored for Kinross Gold as a challenge technology gold geologist, working at mines and exploration initiatives on 4 totally different continents. He has expertise with epithermal gold, porphyry copper, lowered intrusion associated gold, orogenic gold, and sediment hosted copper methods. He left Kinross as a senior challenge geologist on the Paracatu gold mine in Brazil to turn out to be an entrepreneur within the junior exploration area.
” We’re extraordinarily happy to finish the acquisition of Nekash, which we view as a extremely potential copper-gold porphyry goal in one of the compelling rising copper districts in the USA ” mentioned Brian Thurston, CEO of Copper Quest. ” The mix of sturdy floor outcomes, beneficial geology, and district-scale potential make Nekash an excellent addition to our North American portfolio. With Josh White becoming a member of our Idaho workforce, we’re properly positioned to reveal the size of alternative at Nekash and unlock shareholder worth by means of systematic exploration .”
Idaho Copper Story & Comparables
Idaho is quickly rising as a copper exploration frontier, underpinned by its location on the Idaho-Montana porphyry copper belt. The state hosts notable methods together with Butte (Montana), CUMO (Idaho), and the current Grizzly copper-gold porphyry discovery by Hercules Metals Corp.
Hercules’ Grizzly discovery underscores the potential for large-scale porphyry methods within the belt and demonstrates rising investor recognition of Idaho’s copper potential. Idaho’s porphyry endowment has been underexplored relative to neighbouring states, but it incorporates the geological hallmarks for main copper-gold methods. Tasks like Hercules Metals’ Grizzly discovery, reveal the potential for blind porphyry methods hidden beneath cowl just like what Copper Quest sees because the potential at Nekash.
Nekash sits in a beneficial geological hall with comparables that reveal the size and grade potential of porphyries on this belt. As copper provide chains shift towards North America, Idaho affords a mining-friendly jurisdiction with infrastructure, supportive regulatory frameworks, and powerful precedent for main copper developments. Copper Quest’s entry into Idaho offers shareholders with publicity to a brand new frontier of porphyry exploration in a tier-one jurisdiction.
Determine 2: Porphyry Deposits within the Idaho-Montana porphyry belt
Copper: U.S. Coverage and Macroeconomic Context
With President Trump’s administration enterprise investigations into copper imports and tariffs, there may be renewed urgency to redefine and realign home copper provide chains. Policymakers have highlighted the strategic significance of copper in vitality, protection, and expertise, with incentives rising for the development of U.S.-based initiatives. Towards this backdrop, Copper Quest’s entry into Idaho positions the Firm to profit from potential coverage tailwinds and home provide safety initiatives.
Copper: International Demand & Provide
Globally, copper demand continues to surge, pushed by electrification, electrical autos, renewable vitality, and the large growth of AI and knowledge middle infrastructure. But provide stays constrained, with declining grades at current mines, restricted new discoveries, and extended allowing timelines. The ensuing supply-demand imbalance underscores the significance of advancing new porphyry discoveries in steady jurisdictions just like the U.S.. Copper Quest is aligned with this macro development, positioning Nekash to turn out to be a part of the following technology of copper discoveries.
Phrases of the Transaction
Below the phrases of the settlement, Copper Quest has acquired a 100% curiosity within the Nekash Undertaking by means of the issuance of 4,250,000 widespread shares of the Firm. The shares will probably be topic to a 16-month escrowed leak out from the date of closing. There isn’t any money part and no royalty payable as a part of the transaction. An all-share finder’s price is payable in reference to the acquisition.
Inventory Choices
The Firm has granted inventory choices to Consultants of the Firm to amass an mixture of 450,000 widespread shares within the capital of the Firm, pursuant to the Firm’s Fairness Incentive Plan. The inventory choices are every convertible into a typical share of the Firm at an train worth of $0.12 till Sept 22, 2030.
About Copper Quest Exploration Inc.
Copper Quest (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) is concentrated on constructing shareholder worth by means of the exploration and growth of its North American Vital Mineral portfolio of property. The Firm’s land bundle at present contains 5 initiatives that span over 40,000+ hectares in nice mining jurisdictions.
Copper Quest has a 100% curiosity within the Stars Property, a porphyry copper-molybdenum discovery, protecting 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars Property, Copper Quest has a 100% curiosity within the 5,389 hectare Stellar Property. CQX additionally has an earn-in choice as much as 80% and joint-venture settlement on the 4,700 hectare porphyry copper-molybdenum Rip Undertaking, additionally within the Bulkley Porphyry Belt.
Copper Quest has a 100% curiosity within the Nekash Copper-Gold Undertaking, a porphyry exploration alternative situated in Lemhi County, Idaho, alongside the prolific Idaho-Montana porphyry copper belt that hosts world-class methods equivalent to Butte and CUMO. The challenge is absolutely road-accessible through maintained U.S. highways and forest service roads and at present consists of 70 unpatented federal lode claims protecting 585 hectares.
Copper Quest has a 100% curiosity within the Thane Undertaking situated within the Quesnel Terrane of Northern BC which spans over 20,658 ha with 10 high-priority targets recognized demonstrating vital copper and treasured steel mineralization potential.
Copper Quest’s management and advisory groups are senior mining business executives who’ve a wealth of technical and capital markets expertise and a robust monitor file of discovering, financing, creating, and working mining initiatives on a worldwide scale. Copper Quest is dedicated to sustainable and accountable enterprise actions according to business finest practices, supportive of all stakeholders, together with the native communities by which it operates. The Firm’s widespread shares are principally listed on the Canadian Inventory Trade beneath the image “CQX”. For extra info on Copper Quest, please go to the Firm’s web site at Copper Quest .
On behalf of the Board of Copper Quest Exploration Inc.
Brian Thurston, P.Geo.
Chief Govt Officer and Director
Tel: 778-949-1829
For additional info contact:
Kelly Abbott
Investor Relations
data@copper.quest
Ahead Trying Info
This information launch incorporates sure “forward-looking info” and “forward-looking statements” (collectively, ” forward-looking statements “) inside the which means of relevant securities laws. All statements, aside from statements of historic truth included herein, together with with out limitation, future operations and actions of Copper Quest, are forward-looking statements. Ahead-looking statements are continuously, however not all the time, recognized by phrases equivalent to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “doable”, and comparable expressions, or statements that occasions, circumstances, or outcomes “will”, “might”, “might”, or “ought to” happen or be achieved. Ahead-looking statements replicate the beliefs, opinions and projections on the date the statements are made and are based mostly upon various assumptions and estimates based mostly on or associated to many of those components. Such components embody, with out limitation, dangers related to doable accidents and different dangers related to mineral exploration operations, the chance that the Firm will encounter unanticipated geological components, dangers related to the interpretation of exploration outcomes, the chance that the Firm might not be capable of safe allowing and different governmental clearances crucial to hold out the Firm’s exploration plans, the chance that the Firm won’t be able to lift adequate funds to hold out its enterprise plans, and the chance of political uncertainties and regulatory or authorized adjustments that may intrude with the Firm’s enterprise and prospects. Readers shouldn’t place undue reliance on the forward-looking statements and data contained on this information launch regarding these things. The Firm doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they alter, besides as required by relevant securities legal guidelines.
The Canadian Securities Trade has not reviewed, authorized or disapproved the contents of this press launch, and doesn’t settle for accountability for the adequacy or accuracy of this launch.
Figures accompanying this announcement can be found at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/d6b31257-1ec1-4d89-983e-cec321a1ba2b
https://www.globenewswire.com/NewsRoom/AttachmentNg/78e0881f-ed51-423c-b4d8-09a0d12075d8
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