en.Wedoany.com Reported - Star Copper has signed a definitive agreement with Eastfield Resources to acquire a majority interest in the Zymo copper-gold project and the Indata copper-gold-molybdenum project, both located in British Columbia (BC), Canada.
Under the terms of the agreement, Star Copper will issue 10,000,000 common shares in exchange for 100% ownership of the Zymo project and Eastfield's 95.3% interest in the Indata project. The transaction is subject to certain conditions being met.
The Zymo project covers 18,184 hectares, located approximately 45 kilometers west of Smithers, and contains a large, underexplored copper-gold porphyry system. Previous exploration work includes 34 drill holes totaling over 10,800 meters, identifying at least five mineralized zones, including the Hobbes and FM zones. Historical drilling results show one hole grading 0.44% copper and 0.32 g/t gold over 159 meters, including a 72-meter sub-interval grading 0.72% copper and 0.66 g/t gold. The Zymo project currently holds a five-year permit allowing for up to 50 drill sites and additional geophysical surveys.
The Indata project covers 4,551 hectares, located approximately 120 kilometers north of Fort St. James, with exploration work including 87 drill holes totaling over 10,000 meters. The property contains copper-gold-molybdenum mineralization with potential for antimony, nickel, and silver. The site has obtained a full exploration permit valid through 2030.
If the transaction is completed, this acquisition will complement Star Copper's asset portfolio, alongside its flagship Star project in the region. Star Copper CEO Darryl Jones stated that this proposed acquisition is a transformative step for the company, accelerating its development into a top-tier copper-gold exploration company focused on British Columbia. He noted that Zymo is exactly the type of project the company seeks to add to its portfolio, given its large copper-gold porphyry system, extensive drilling work, excellent geophysical characteristics, strong historical intercepts, significant prior investment, and substantial discovery potential.
