20:37:01 EST Mon 09 Feb 2026
Enter Symbol
or Name
USA
CA



Jinhua Capital acquires option for Goat property

2026-02-09 15:57 ET - News Release

Mr. Chris Thomas reports

JINHUA ACQUIRES THE GOAT COPPER PROPERTY

Jinhua Capital Corp. entered into an option agreement to acquire the Goat copper property from Cronin Exploration Corp. on Feb. 2, 2026. The Goat property is an exploration-stage project in the Cariboo mining region of British Columbia, approximately 139 kilometres southeast of Prince George, B.C., and 44 kilometres northwest of McBride, B.C. The property is located within NTS map sheet 093H07. The project consists of two mineral claims totalling 1,174.76 hectares. Exploration in the area dates back to the late 1800s, where the area saw active placer operations. The current main target commodities on the property are copper, silver and gold.

No exploration activity has been conducted on behalf of Jinhua to date. Exploration on the Goat project has been limited, with only two short field programs having taken place in 1997 and 2000. There are no known mineral resources or reserves on the project. The project warrants further exploration aimed to further delineate the copper-bearing vein system.

A recommended exploration program totalling $175,000, proposed to enable additional rock sampling, mapping, prospecting, and geochemical and geophysical surveys, is detailed as the following:

  • Detailed geological mapping and sampling are recommended to better understand the dimensions of the veins and the distribution of grades across the vein structure; previous sample locations should be located on a detailed geological map;
  • A steam sediment survey targeting untested drainages and basins to test for undiscovered mineralization;
  • An IP (induced polarization) survey with lines oriented perpendicular to the north-northwest-trending fault in an attempt to delineate areas with high concentrations of sulphide minerals at depth.

The Goat property acquisition is a cash and share transaction with a related work program as follows.

Cronin Exploration will retain a 2.0-per-cent net smelter royalty which the company can buy back 1 per cent for $1-million. The transaction is arm's length and there are no finders' fees payable. This transaction will not require shareholder approval as there is no change of control or new insider positions. The company will submit the acquisition to the TSX Venture Exchange for approval and as part of its trading reinstatement request. The technical information in this news release has been reviewed and approved by Jeremy Hanson, an independent qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Jinhua Capital Corp.

Jinhua is a mineral exploration company focused on exploring the Goat property located in the Cariboo mining region of British Columbia, approximately 139 kilometres southeast of Prince George, B.C., and 44 kilometres northwest of McBride, B.C. From time to time, the company may also evaluate the acquisition of other mineral exploration assets and opportunities.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.