on Star Copper Corp. (CVE:STCU)
Star Copper Corp. Acquires Copperline Property and Announces $2.5 Million Investment
Star Copper Corp. has signed a definitive agreement to acquire the Copperline Property in north-central British Columbia, marking a significant addition to its copper assets portfolio. Located near Skutsil Knob, the property consists of eight mineral claims covering 4,502 hectares. The acquisition involves cash, shares, and net smelter royalty payments, with potential bonus payments based on future resource estimates.
The site, accessible within 5 km of roads and well supported by existing infrastructure, holds historical grades promising strong exploration potential. Insights from past drilling suggest high-grade copper-silver mineralization aligned with volcanic redbed copper models. Star Copper plans to develop a 3D model to aid exploration efforts.
Additionally, Star Copper announced a $2.5 million financing initiative, aimed at Canadian exploration expenses. The Company will issue 1,666,667 flow-through units priced at C$1.50 per unit, offering prospective investors no hold period on these securities under Canadian laws.
R. E.
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