KOPR Point Provides Majuba Hill Exploration Update
VANCOUVER—March 6, 2019— KOPR Point Ventures Inc. (CSE: KOPR / OTC: NPEZF / FSE: 4NP) (“KOPR Point” or the “Company”) offers an exploration update on the Majuba Hill Copper Project (the “Project”).
The Project is a 4,198 acre copper silver porphyry prospect located 70 miles southwest of Winnemucca and 156 miles east-northeast of Reno, Nevada. The Project has moderate to strong Cu – Ag mineralization found within the Majuba intrusive porphyry complex. Between 2007 and the present, 38 holes with a total of 21,531 feet were drilled at Majuba. Prior to this, 28 holes with a total of 23,316 feet were drilled between 1920 and 1975. Drill logs and assays for the historic drilling are available in various formats. The modern (2007 and later) drilling records are in very good condition and have been converted to electronic format along with all assay certificates and results.
The Company’s comprehensive review has noted some mis-assayed results that did not appear to reflect the copper that could be seen in the core. Specifically, the review indicated disseminated leachable copper (chalcocite) in core from drill hole MG1703. The Company has sent this core with the others for retesting and will inform shareholders of the results shortly.
A quote from President and CEO, Mr. David Greenway:
“I am very excited about the prospective production possibilities represented in the Majuba Hill property. Our new exploration mandate is paying off with a core focus on copper and “approaching production” exploration assets. The discovery of existing core for retesting is a great way to fully understand this asset and as soon as we have the results we will make some decisions on how to best approach this asset. The Board and I look forward to updating shareholders on this very exciting property as soon as we have received and evaluated the results.”
At this time KOPR would also like to inform shareholders that it has issued an aggregate of 750,000 incentive stock options (the “Options”) to officers, directors and consultants of the Company. The Options are exercisable at $0.25 per share for a period of one year from the date of grant. The Options have been granted under and are governed by the terms of the Company’s incentive stock option plan.
E.L. “Buster” Hunsaker III, CPG, Chairman of the Company’s Advisory Board, is the Qualified Person who has reviewed and approved the technical content of this news release on behalf of the Company.
About KOPR Point Ventures Inc.
KOPR Point (CSE: KOPR / OTC: NPEZF / FSE: 4NP) is engaged in the identification, review and acquisition of latter stage copper and copper/gold assets. Management has been mandated to focus on safe, mining friendly jurisdictions and government regulations supportive of mining operations.
On Behalf of the Board of KOPR Point Ventures Inc.
President & CEO
310-221 West Esplanade
North Vancouver, BC
For further information, please contact:
E: [email protected]
P: (604) 318-0114