Mr. Isaac Maresky reports
GOLD HART COPPER ACQUIRES THREE ADDITIONAL GOLD-COPPER-SILVER PROPERTIES IN CHILE
Gold Hart Copper Corp. has acquired three new gold-copper-silver properties in Chile. Specifically, Gold Hart has acquired the Pingo property, Nessa property and Manto Carolina property, with the acquisitions increasing Gold Hart's total land position in Chile by approximately 30 per cent.
These new Gold Hart properties are situated on Chile's Paleocene-Eocene belt on the famous Domeyko fault, with Kinross's La Copia gold mine to the east, Rio2's Fenix-Maricunga gold asset to the south, and Chile's state-owned Codelco's Portrerillos and El Salvador Copper Mines just to the north. Farther north on this same mineral belt are some of the world's largest mines including Chuquicamata and Collahuasi. The largest copper mine in the world, Escondida -- originally discovered by Gold Hart's co-founder, Dr. Frutos, in the 1970s -- is also on this Chilean belt.
The Pingo property was recognized and personally staked by Gold Hart co-founder Dr. Frutos nearly two decades ago, due to its unique surface alteration -- visible from satellite imagery -- with high grades on surface and several historic mines which exploited gold, copper and silver at or near surface via pits and shallow tunnels. The historic mines coincide with a pervasive yet intense hydrothermal alteration (silicic-argillic to quartz-sericitic with abundant kaolin in the central part) with a halo of propilitic alteration in the periphery, with disseminated gold-copper-silver mineralization throughout.
"Our strategy has always been two-pronged, to acquire compelling assets and to advance our assets," stated Isaac Maresky, co-founder and chief executive officer of Gold Hart. "While this deal was in the works for over a year, we had hoped to put these three key puzzle pieces together. We're pleased that everything finally fell in place and we were able to complete this roll-up. As a result, Gold hart has capitalized on this uniquely accretive opportunity to add all three high-potential assets, without adding any liabilities and all the upside accruing to Gold Hart shareholders. We thank Dr. Frutos and his family for entrusting the Pingo property to Gold Hart, and are committed to advancing the assets efficiently and responsibly."
Upon acquiring the Pingo property, Gold Hart was then able to quickly claim the adjacent Nessa property, which hosted several historic artisanal mines and its own surface alteration. Prior geophysics suggested the magnetic anomaly of Pingo extends onto Nessa, and therefore Gold Hart was compelled to combine the two properties. Just SE, Gold Hart staked Manto Carolina, immediately adjacent to a former artisanal high-grade copper mine with an exposed copper manto and visible copper at surface, which Gold Hart believes may extend onto this property.
This represented a unique opportunity to conduct another roll-up of historic and high-potential assets, wherein the company was able to leverage its in-country relationships and proprietary access in order to consolidate three historic assets proximal to majors, without any future payments or royalties whatsoever. While these new properties are not immediately adjacent to Gold Hart's existing land package in the Vicuna district (3.5 hours east of Copiapo), they are strategically in the same Atacama region of Chile and also proximal to the same central mining city of Copiapo, Chile (1.5 hours north of Copiapo) where Gold Hart maintains an office.
Rationale for rolling up new properties
- Historic assets with several historic gold and copper mines (pits and shallow tunnels) from surface.
- High grades on surface (gold, copper, silver) with samples up to 25 grams per tonne gold, 3.25 per cent copper, 958 g/t silver.
- World-renowned mineral belt and famous Domeyko fault home to mega assets controlled by majors.
- Historic geophysics survey reported "large magnetic low" across Pingo and Nessa (six kilometres in diameter).
- Ability to roll-up three properties together (consolidation of three unique properties; not a one-off).
- Same Atacama, Chile jurisdiction with same local Chilean city (Copiapo) as existing land package in Vicuna district ensuring straightforward drivable access from same central Copiapo office.
- Potential for low-cost exploration and advancement including relatively straight-forth geochemical and geophysical surveys, and economical shallow RC drilling to potentially diversify from the deeper diamond drilling required in the Vicuna district.
- Unique access to opportunity due to Gold Hart co-founder Dr. Frutos's 50 years of history exploring, staking and discovering assets in Chile, combined with his desire to see Gold Hart advance the Pingo property.
- Highly accretive deal structure; no future option payments or liabilities associated with the properties.
Gold Hart has provided a presentation summarizing the new properties entitled "Latest Acquisitions" on the investor section of its website.
The company wishes to stress that these acquisitions in no way take away from Gold Hart's focus on its flagship Tolita asset in the Vicuna district, with first results likely days away.
Results from first diamond hole at Tolita
The company believes it will be in a position to announce the results of this hole no later than July 22, 2025.
About Gold Hart Copper Corp.
Gold Hart Copper is one of the largest independent land owners surrounding major miners where the famous Maricunga gold belt meets the emerging Vicuna copper belt in Chile. Gold Hart is actively acquiring, exploring and developing its portfolio of gold, copper and silver properties adjacent to the largest gold and copper assets on the continent.
In addition to its large land position in the Vicuna district, Gold Hart recently acquired three properties just West on Chile's Paleocene-Eocene belt on the famous Domeyko fault, which is home to some of Chile's largest gold, copper and silver assets including Escondida, Chuquicamata and Collahuasi. The new Gold Hart properties host several historic gold and copper mines with high grades of gold, copper and silver on surface, with a large alteration and magnetic anomaly extending approximately six km.
Gold Hart's team of geologists were personally involved in pioneering exploration in the region, leading to some of its greatest gold, copper and silver deposits, and include the country's former geological survey national deputy manager Dr. Professor Jose Frutos. Specifically, senior Gold Hart geologists were personally involved in the Escondida copper discovery, now the largest copper mine in the world controlled by Rio Tinto and BHP, as well as Cerro Casale, the largest gold-copper discovery in Chile acquired by Barrick and Newmont (GoldCorp) with 59 million ounces of gold and 12.5 billion pounds of copper.
Gold Hart has rolled up a portfolio of historically significant assets surrounding majors, in some cases personally staked by the very same geologists who made the adjacent mega-discoveries, since the early 1990s. Some of the Gold Hart properties have already undergone a first phase of RC drilling, with highly encouraging results of gold, copper and silver. Gold Hart properties are controlled 100 per cent and not subject to any royalties whatsoever.
Gold Hart believes it may be sitting on one of the only fully preserved untested large-scale gold-copper-silver porphyry targets in the Vicuna district -- an asset that was first recognized for its uniquely high grades of gold and copper on surface -- and staked by one of the Maricunga-Vicuna district's pioneering geologists in 1993. Gold Hart Copper is fully financed for its planned drill campaign.
About Gold Hart Copper's Tolita gold-copper-silver-molybdenum target
The Tolita property is a historically significant gold-copper asset which was first recognized and staked in 1993 -- by one of the pioneering geologists of the Maricunga-Vicuna district -- for its uniquely high grades of gold and copper on surface. Geochemical surveys revealed gold, copper, silver and molybdenum anomalies, which led to trenching. Tolita has had significant trenching (5,600 m/5.6 km) with the highest-grade trench returning grades up to 52 g/t gold equivalent including 4 per cent copper. Tolita has undergone helicopter mag surveys which identified four unique anomalies as well.
In 1996, a third party company optioned the property and drilled three short 200 m RC holes, without any geophysics, and yet still hit gold and copper in all three holes, including long intercepts of gold and copper (150 m and 164 m, respectively) close to surface in two of the three holes. At the time, gold was approximately $300/ounce and copper traded below $1.00/pound, and large-scale sulphide/porphyry deposits with both gold and copper were often considered less favourable than smaller-scale gold-only oxide deposits. As a result, and due to general market sentiment for junior exploration companies in 1997 to 1998, Tolita was only drilled to a depth of 200 m with three short RC holes (out of a planned eight-hole campaign).
When Gold Hart acquired the property, a full geophysical survey was conducted by a recognized geophysics firm, and a large high-chargeability and conductive anomaly was discovered that is near surface and almost 2.5 square kilometres in size and "interpreted as a copper-gold or gold-copper porphyry system that certainly warrants additional exploration and drilling." Gold Hart Copper has therefore launched diamond drilling and is fully financed for this planned campaign.
Qualified person
The technical information contained in this news release related has been reviewed by Jonathan A. Warner, executive vice-president of Gold Hart Copper and a qualified person within the meaning of National Instrument 43-101.
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