Copaur Minerals lots of upside coming in 2023
This is one of my larger holdings and is a high conviction investment for me.
I first became involved with Copaur Minerals due to them acquiring New Placer Dome Gold Corp in early 2022, they acquired all 3 of New Placer’s Nevada projects, this was an absolute steal of a deal for them and is an example of what this management group is capable of.
The company currently has a $24 million Canadian market cap, and has an extremely tight share structure which will allow it to run hard if the news flow in 2023 can impress the market. The company is currently drilling the Bolo Project in Nevada and then the rigs will move over to the Kinsley project when that is complete. With projects in Nevada and British Colombia they can be active all year now.
This is the same management team that took Benchmark Metals, Thesis Gold and Atiplano metals from the start to where they are today. This is a very impressive accomplishment and I believe they have the chance to do it again, and I think Copaur could be best company out of all these.
The most exciting project of the 4 is the Kinsley Mountain project in Nevada, there is an existing resource here of a Carlin-type gold deposit with current indicated resources of 418 koz at 2.63 g/t gold and inferred resources of 117 koz at 1.51 g/t gold.
Here is where some of the value could be unlocked in 2023 with Kinsley, the previous companies rushed to get a mineral resource on the property, and did not do the proper infill drilling on the deposit, which brought the grade much lower than it should have been. The CEO Jeremy Yasiuk calls this some of the most low hanging fruit he has ever seen and this will be a focus of the company in early 2023. If they can get the grade up to 5g/t Au on the resource this is going to add alot of ounces.
Look at some of the historic holes from the project, news releases with these kind of results are going to bring alot of interest to this story. 42 metres of 10 g/t Au is pretty remarkable.
Listen to the CEO talk about the low hanging fruit at Kinsley it starts around the 7 minute mark in the interview, click the link here CEO on Kinsley Mountain Resource
Only the southern part of Kinsley Mountain has really been explored as illustrated in the image below, the company has lots of Greenfield targets in the northern part that are really exciting, this property has the potential to be a multi million ounce deposit in a great jurisdiction.
I will just briefly touch on the other projects they have.
The Williams Project in B.C is another very exciting project that they will be back to this summer. The last drill hole of 2022 they discovered a new gold zone WM22-02 yielded 2.2 g/t gold over 50 metres, including 10.5 metres of 4.2 g/t gold, terminating in mineralization.
Results from Bolo in Nevada should be coming out in early 2023, the project hadn’t been drilled since 2019, where they hit 122 metres of 1.2 g/t gold oxide.
All 3 of the projects highlighted could be company makers and you can see why 2023 is going to be a year of alot of newsflow. Let’s take a look at the companies chart .
The stock got as high as 1.70 in early 2022, the stock has been basing since June, consolidating in a fairly tight range. There is alot to be excited about and I believe as more investors learn about the story and positive newsflow comes out in 2023, we will see a large run up again.
Disclaimer
The views and opinions expressed on this website are for educational and informational purposes only, and should not be considered as investment advice. The author may hold positions in stocks mentioned on this website. The author of this website is not a licensed stockbroker or financial advisor. Nothing contained herein should be construed as a recommendation to buy, hold or sell any securities or financial products. Always seek the advice of a financial advisor and do your own independent research prior to making any trade or investment decisions.
We do not guarantee the accuracy or completeness of any information on this website. Such information is provided “as is” without warranty or condition of any kind, either express or implied. Past performance may not be indicative of future results. This website could include inaccuracies or typographical errors.
We are not liable or responsible for any damages incurred whatsoever from actions taken from information provided on this website, including financial losses. Since all readers who access any information on this website are doing so voluntarily, and of their own accord, any outcome of such access is understood to be their sole responsibility. In no event shall we be liable to any person for any decision made or action taken in reliance upon the information provided herein.