In regards to the Nekash Mission
The Nekash Copper-Gold Mission 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 akin to Butte and CUMO (Figures 1 & 2). The venture is absolutely road-accessible by way of maintained U.S. highways and forest service roads and presently consists of 70 unpatented federal lode claims overlaying an space of 585 hectares.
Historic analysis by the U.S. Bureau of Mines and more moderen 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 doubtlessly representing a carbonate-replacement fashion halo. The venture 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 venture 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 venture era 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 venture geologist on the Paracatu gold mine in Brazil to turn out to be an entrepreneur within the junior exploration house.
” 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 america ” mentioned Brian Thurston, CEO of Copper Quest. ” The mixture of sturdy floor outcomes, beneficial geology, and district-scale potential make Nekash a super addition to our North American portfolio. With Josh White becoming a member of our Idaho crew, we’re properly positioned to exhibit 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, exhibit 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 exhibit 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 endeavor investigations into copper imports and tariffs, there’s renewed urgency to redefine and realign home copper provide chains. Policymakers have highlighted the strategic significance of copper in vitality, protection, and know-how, with incentives rising for the development of U.S.-based initiatives. Towards this backdrop, Copper Quest’s entry into Idaho positions the Firm to learn from potential coverage tailwinds and home provide safety initiatives.
Copper: World 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 era of copper discoveries.
Phrases of the Transaction
Beneath the phrases of the settlement, Copper Quest has acquired a 100% curiosity within the Nekash Mission by means of the issuance of 4,250,000 frequent shares of the Firm. The shares can be topic to a 16-month escrowed leak out from the date of closing. There isn’t any money element 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 accumulate an mixture of 450,000 frequent shares within the capital of the Firm, pursuant to the Firm’s Fairness Incentive Plan. The inventory choices are every convertible into a standard share of the Firm at an train value 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 Crucial Mineral portfolio of property. The Firm’s land package deal presently 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, overlaying 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 Mission, additionally within the Bulkley Porphyry Belt.
Copper Quest has a 100% curiosity within the Nekash Copper-Gold Mission, a porphyry exploration alternative situated in Lemhi County, Idaho, alongside the prolific Idaho-Montana porphyry copper belt that hosts world-class methods akin to Butte and CUMO. The venture is absolutely road-accessible by way of maintained U.S. highways and forest service roads and presently consists of 70 unpatented federal lode claims overlaying 585 hectares.
Copper Quest has a 100% curiosity within the Thane Mission 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 metallic 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 powerful observe file of discovering, financing, growing, 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 during which it operates. The Firm’s frequent shares are principally listed on the Canadian Inventory Trade underneath the image “CQX”. For extra data 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 data contact:
Kelly Abbott
Investor Relations
information@copper.quest
Ahead Wanting Data
This information launch incorporates sure “forward-looking data” and “forward-looking statements” (collectively, ” forward-looking statements “) inside the that means of relevant securities laws. All statements, apart from statements of historic reality included herein, together with with out limitation, future operations and actions of Copper Quest, are forward-looking statements. Ahead-looking statements are regularly, however not at all times, recognized by phrases akin to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “attainable”, and comparable expressions, or statements that occasions, situations, or outcomes “will”, “could”, “may”, or “ought to” happen or be achieved. Ahead-looking statements mirror 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 elements. Such elements embody, with out limitation, dangers related to attainable accidents and different dangers related to mineral exploration operations, the danger that the Firm will encounter unanticipated geological elements, dangers related to the interpretation of exploration outcomes, the likelihood that the Firm could not be capable of safe allowing and different governmental clearances vital to hold out the Firm’s exploration plans, the danger that the Firm won’t be able to boost ample funds to hold out its enterprise plans, and the danger of political uncertainties and regulatory or authorized adjustments which may intrude with the Firm’s enterprise and prospects. Readers shouldn’t place undue reliance on the forward-looking statements and knowledge 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 elements, ought to they alter, besides as required by relevant securities legal guidelines.
The Canadian Securities Trade has not reviewed, accepted 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
