Copper Quest Acquires Alpine Gold Mine in British Columbia

Copper Quest Expands Portfolio with Alpine Gold Mine

Copper Quest Exploration announced an agreement to acquire 100% ownership of the Alpine Gold mine in British Columbia from 0847114 BC (Privco). The Alpine Gold property, in the West Kootenay region, contains an inferred resource of 142,000 ounces of gold. Historical underground workings and drilling explored only 300 meters of the 2km-long vein system. This leaves significant potential for expansion along strike and at depth.

The property offers clear logistical advantages for mining and exploration. Alpine Gold spans 4,611 hectares with accessible roads, 15 Crown Grants, and 19 staked mineral claims. It also features 1,650 meters of clean underground workings and a surface stockpile of 24,000 tonnes of mineralized material. These assets may provide near-term cash flow opportunities.

High-Grade Gold and Strategic Expansion Opportunities

Copper Quest highlights the mine’s high average grade of 16.52g/t, calculated at a 5g/t cut-off. Historical production includes gold, silver, lead, and zinc. This provides a diverse mineral portfolio. Additional exploration targets four significant vein systems: Black Prince, Cold Blow, Gold Crown, and King Solomon. These areas could increase resource size and extend mine life.

The transaction also brings leadership and technical expertise to Copper Quest. Allan Matovich, the principal owner of Alpine Gold, will join the Board of Directors. Technical advisors Ted Muraro and John Mirko will provide guidance. CEO Brian Thurston emphasized that the acquisition positions Copper Quest to leverage high gold prices. The company expects to generate near-term value from the property.

SuperMetalPrice Commentary:

Copper Quest’s Alpine Gold acquisition strengthens its BC portfolio and supports high-grade gold production. Underexplored vein systems offer substantial upside. Investors should follow exploration results and production timelines closely. The Alpine Gold mine could significantly enhance Copper Quest’s valuation amid a strong global gold market.