2022-04-11 11:26:35
VANCOUVER, BC, April 11, 2022 /CNW/ – Coast Copper Corp. (“Coast Copper” or the “Company”); (TSXV: COCO) has acquired, through staking the Shovelnose South property (the “Property“) located in south-central British Columbia, within the Spences Bridge geological belt which hosts epithermal gold and silver mineralization, including the Shovelnose deposit, owned by Westhaven Gold Corp., located approximately 45 kilometers (“km“) northwest of the Property. See Figure 1. The Shovelnose South property is approximately 50 km south of Coast Copper’s Home Brew Property.
Adam Travis, Coast Copper CEO comments, “We are very pleased that we were able to stake the Shovelnose South property, which is located within the Spences Bridge belt on trend of the new discoveries by Westhaven Gold. This area is easily accessible throughout a network of logging roads and can be explored for most of the year. I am excited to be able to add this greenfield property to Coast Copper’s portfolio, which we can explore while awaiting results from our Empire Mine property.”
About Coast Copper Corp.
Coast Copper’s exploration focus is the optioned Empire Mine property, located on northern Vancouver Island, BC, which covers three historical open pit mines and two past-producing underground mines that yielded iron, copper, gold and silver. Coast Copper’s other properties include its 100% owned Eldorado, Gin and Bonanza properties located in BC’s prolific Golden Triangle district which are adjacent to Newcrest Mining Limited’s and Imperial Metals Corporation’s Red Chris Mine, its Knob Hill NW Property located on northern Vancouver Island and its 100% owned Sterling and Home Brew properties which are located in central BC. Coast Copper’s management team continues to review precious and base metals opportunities in western North America.
On Behalf of the Board of Directors:
“Adam Travis”
Adam Travis, Chief Executive Officer and Director
NR22-08
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements.” All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Coast Copper, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Coast Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.
