CAVU Mining Signs Definitive Agreement to Acquire 100% Interest in the Star Copper Gold Porphyry Project in BC - News Summed Up

CAVU Mining Signs Definitive Agreement to Acquire 100% Interest in the Star Copper Gold Porphyry Project in BC


The Star Project is located in the traditional territory of the Tahltan and Taku River Tlingit First Nations. Terms of the acquisitionThe 51% interest in the Star Project is held by Prosper Gold Corp. who is also the operator of the Project. The Star Project is subject to a royalty with certain legacy owners representing 2% of net smelter returns upon commercial production. The Company is currently focused on the exploration of its Hopper Copper-Gold Porphyry Project in Yukon and recently acquired Star Copper-Gold Porphyry Project in BC. 1 The Red Chris and Galore Creek Deposit are advanced and developed projects and the reader is advised that the these are not indicative that a 43-101 Deposit will be defined on the Star Project or that the Star Project will be similarly advanced and developed.


Source: The Star May 17, 2022 14:03 UTC



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