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Highlights

  • Copper Quest targets the acquisition of a U.S. porphyry project with over 3% copper surface grades.
  • Historic chip sampling reports 0.8 g/t gold and 25 g/t silver alongside copper mineralization.
  • Planned work includes drone surveys, geophysics, AI modelling, and drill targeting for 2025. 

Copper Quest Exploration Inc. (CSE: CQX) has entered a Letter of Intent (LOI) to acquire a copper-gold porphyry project located in the Western United States, signalling a new step in the company’s strategy to build a portfolio of copper assets in priority jurisdictions. 

The project, held privately until now, encompasses 70 contiguous unpatented federal mining claims situated within a recognized porphyry belt known for significant copper and gold potential. While the specific location has not been publicly disclosed, Copper Quest reports that historic chip sampling conducted by the U.S. Bureau of Mines returned grades exceeding 3% copper, alongside 0.8 grams per tonne (g/t) gold and 25 g/t silver. 

In addition to the mineral potential, the proposed acquisition would provide Copper Quest with access to a local lead geologist and technical team, delivering immediate on-the-ground expertise to support exploration efforts. The company intends to leverage this technical continuity to accelerate early-stage work programs. 

Planned exploration activities at the project include assays from a recent sampling program, high-resolution drone-based geophysical surveys, and review of historical induced polarization (IP) data. Further work will involve additional sampling, mapping, a 3D IP survey, advanced geophysical analysis, and artificial intelligence (AI) interpretation of compiled data sets. The company is also preparing for drill permitting and targeting an inaugural drill program to test the porphyry system’s subsurface extent. 

Copper Quest’s CEO, Brian Thurston, described the acquisition as a strategic addition to the company’s portfolio, highlighting the significance of securing copper assets in North America amid evolving supply chain considerations. The company views this project as an opportunity to expand its presence in copper exploration while contributing to future domestic supply initiatives. 

Additional details regarding transaction terms and exploration timelines are expected as Copper Quest progresses toward completing due diligence and advancing the acquisition process.