Quetzal Copper Announces Acquisition of Cristinas Copper Project, Chihuahua, Mexico

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Algemeen advies 12/04/2024 06:38
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2024) - Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company"), a copper-focused exploration company, is pleased to announce that the Company entered into an agreement with certain third-party vendors (the "Polaris Vendors"), pursuant to which the Company has been granted the option (the "Polaris Option") to acquire all of the issued and outstanding shares of Polaris Resources, S.A. de C.V. ("Polaris Resources"). Polaris Resources holds a 100% interest in the Cristinas copper project located in the state of Chihuahua, Mexico (the "Cristinas Project"), subject to fulfillment of certain underlying payments to be made to the underlying property vendors (the "Property Vendors").

CEO Matthew Badiali said, "The Cristinas Project is another exciting exploration target identified by the Company's technical team. It has all the features we value: nearby infrastructure, road access, outstanding geology with high-grades, and historic exploration success. The Cristinas Project held a small-scale oxide copper mine in the 1970's. The only drilling since was completed in 2014. That program yielded 4.3 metres true width grading 3.2% copper and 3.7 meters (true width) of 3.0% copper. These are the deepest completed holes, only 80m below the surface and remain open at depth. No one ever followed up on the historical drill program. We believe the Cristinas Project provides our shareholders with an excellent risk/reward profile for an exploration project, and we intend to commence drilling in late May 2024." see & read more on
https://www.newsfilecorp.com/release/205050/



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