New Exploration Targets At The Bolo Project

VANCOUVER - CopAur Minerals Inc. reported on grid rock geochemical sample results for the Bolo Gold-Silver Project, which have generated numerous new exploration targets for potential Q4 2022 drilling. The Bolo Project is located in the Hot Creek Range of Nye County, Nevada, 65 kilometers east-southeast of the Round Mountain Gold Mine1. The 2022 surface work comprised prospecting and grid rock chip geochemical sampling targeting the gold bearing Mine Fault and East Fault structures; including areas within the prospective Windfall Formation unit, which is also an important gold host at Bolo.

A total of 626 rock samples were collected over a 1,000 m x 300 m area designed to infill and extend historical rock chip coverage along prospective fault trends. A total of four (4) rock grid samples returned gold values greater than 1 gram-per-tonne (g/t) gold (Au) and up to 6.44 g/t Au, along the East Fault. Six (6) samples returned silver (Ag) values greater than 10 g/t Ag and up to 177 g/t Ag, along the Main Fault.

The expanded dataset highlights multiple new Carlin gold geochemical pathfinder (arsenic ± antimony ± barium ± silver ± gold) anomalies at Bolo along the Main Fault, East Fault, and associated splay structures. Integration of these new geochemical data with Induced Polarization (IP) / resistivity geophysical surveys and satellite alteration mapping, has resulted in the definition of several new high-priority exploration target areas. Six of these targets are highlighted for potential drill testing later this year, each located in a favorable geological or structural setting along the East Fault, and featuring coincident geochemical, geophysical, and/or hematite/iron oxide alteration anomalies.

RC and diamond core drilling by the Company at the South Mine Fault Zone, that yielded drill intercepts including 1.2 g/t Au over 122 m2, has demonstrated continuity of mineralization over 350 m. With the addition of new rock grid sampling CopAur has expanded the potential mineralized strike extent to great than 2 kilometers along two parallel fault structures.

Jeremy Yaseniuk, CEO, said, "We are excited to start testing new exploration targets outside of the drill confirmed South Mine Fault Zone. The Company's work at Bolo integrating surface geochemical, geophysical, and remote satellite alteration mapping has defined numerous robust new greenfield drill targets. We believe this measured and systematic approach to exploration targeting gives us excellent potential to expand the already significant footprint of drill-confirmed gold mineralization at Bolo."

Up to 4,000 meters of RC and core drilling is planned for Q4 2022, including expansion drilling at the South Mine Fault Zone (1,000 m), as well as exploration drilling of new targets (3,000 m). This drilling will allow CopAur to complete the work expenditures required during 2022 to earn an initial 50.01% ownership interest in the Bolo Project, and to have the opportunity to elect to increase its ownership to 75% by completing the additional $4,000,000 of expenditures over the next 2 years.