North Valley Resources Ltd. (CSE: NVR) has announced the approved expansion of its Comstock Copper-Gold Project in southern British Columbia, staking an additional 4,857 hectares to bring its total land position to approximately 9,319 hectares. The move effectively doubles the project's footprint and consolidates the company's presence within the Quesnel Terrane, a region the company describes as a district-scale exploration opportunity. The announcement also includes the grant of 1,420,000 stock options and the engagement of a marketing and investor outreach consultant, making it a multi-faceted update for investors to consider.

Key Points

  • North Valley Resources Ltd. (CSE: NVR) is a junior copper-gold exploration company focused on the Comstock Project in southern British Columbia.
  • The company has staked an additional 4,857 hectares, doubling the Comstock land package to approximately 9,319 hectares.
  • 1,420,000 stock options were granted at C$0.17 per share, vesting immediately and exercisable for five years from the date of grant.
  • Investors may be watching for systematic exploration plans across the expanded land package and updates from the company's drilling-permitted Comstock Project.

Comstock Expansion Targets Prospective Copper-Gold Structures in the Quesnel Terrane

The newly staked claims are designed to encompass geological and geophysical zones that the company says share characteristics with already-identified mineralised areas on the existing land package. CEO Cameron Dorsey stated the expansion secures prospective structures and areas of interest extending beyond existing targets, offering greater flexibility to evaluate the broader geological system. The expanded Comstock Project now sits within an interpreted northeast-trending mineralised corridor connecting multiple historical showings across the consolidated land package.

Historical Copper and Gold Results Underpin Comstock's Exploration Case

Historical exploration at Comstock identified significant mineralisation across multiple zones, including surface sampling values of up to 27.19% copper at the Original-Diane Zone and 56.71 grams per tonne gold at the Victoria Zone. Historical drilling in 1988 at Original-Diane comprised approximately 570 metres across nine shallow holes, with only 22% of core assayed. Notable intersections included 0.38% copper and 0.72 g/t gold over 13.99 metres and 0.20% copper and 2.65 g/t gold over 8.69 metres. North Valley cautions that these historical results have not been independently verified and should not be relied upon as necessarily indicative of mineralisation.

Stock Options Granted and Marketing Consultant Engaged

North Valley granted an aggregate of 1,420,000 stock options to officers, directors, consultants, and advisors at an exercise price of C$0.17 per common share, vesting immediately and exercisable for five years. Separately, the company engaged Robin Cook for a six-month term commencing September 15, 2026, to provide marketing consultation and investor outreach services. Total cash compensation over the term is C$54,000 plus applicable taxes, funded from existing working capital. Mr. Cook also received 100,000 options, included within the aggregate grant disclosed above.