Mexico: Cristinas Copper Project acquisition in Chihuahua, announced by Quetzal Copper

Scarlet Ibarra / April 12, 2024 | 11:12
Cristinas headframe and working. Quetzal Copper.
The agreement gives Quetzal Copper the Polaris Option, allowing it to buy all shares of Polaris Resources, owner of the Cristinas copper project in Chihuahua, Mexico.

Quetzal Copper Corp., a company dedicated to copper exploration, is thrilled to announce its recent agreement with specific third-party vendors, known as the Polaris Vendors. Through this agreement, Quetzal Copper has been granted the Polaris Option, providing the opportunity to acquire all shares of Polaris Resources, S.A. de C.V., the owner of the Cristinas copper project in Chihuahua, Mexico, commonly referred to as the Cristinas Project.

The Cristinas Project is another exciting exploration target identified by the Company's technical team. It has all the features we value: nearby infrastructure, road access, outstanding geology with high-grades, and historic exploration success. The Cristinas Project held a small-scale oxide copper mine in the 1970's. The only drilling since was completed in 2014. That program yielded 4.3 metres true width grading 3.2% copper and 3.7 meters (true width) of 3.0% copper. These are the deepest completed holes, only 80m below the surface and remain open at depth. No one ever followed up on the historical drill program. We believe the Cristinas Project provides our shareholders with an excellent risk/reward profile for an exploration project, and we intend to commence drilling in late May 2024.", CEO Matthew Badiali expressed. 

About Cristinas Project

The 685-hectare Cristinas Project is in northeastern Chihuahua state, Mexico, approximately 2-hours by car from Chihuahua City. The Cristinas Project includes a historic copper mine that operated in the 1970's on shallow copper oxide mineralization.

In 2014, Cyprium Mining Corp. drilled twelve holes in and around the historic workings. The program evaluated potentially higher-grade shallow copper-silver mineralization up to 150 m in depth . The program identified four closely spaced, parallel structures with widths between 0.25 m to 10 m in width. Grades ran from 0.2% to 12.4% copper and from 2 to 298 grams per tonne (g/t) silver. Cyprium was seeking to put the Cristinas Project into production at a small scale.

Quetzal approaches the Cristinas Project with a new geological interpretation. Company geologists identified extensive sets of copper-rich carbonate veins which may be part of a copper-rich, carbonate replacement (CRD)/skarn style mineralizing system. The Project lies within the most prolific CRD belt in Mexico. This opens the potential for significant extensions of copper mineralization beneath the shallow drilling and along strike.

The deepest drilled holes at the Cristinas Project are the best intercepts and suggest the potential for wider intercepts of high-grade copper mineralization in deeper drilling. It is common for the best copper mineralization to occur at the heart of a CRD system next to the causative intrusive rock. This suggests stepping down from the current results towards the centre of the system is an excellent opportunity and will be the first focus of drilling planned by Quetzal for late May 2024.

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