Star Copper (CSE:STCU) has entered into a definitive agreement with Eastfield Resources (TSX-V:ETF) to acquire the Zymo Copper-Gold Project, as well as a 95.3% interest in the Indata Copper-Gold-Molybdenum Project in British Columbia, Canada.
As part of the acquisition, Star Copper will issue 10 million common shares to Eastfield Resources. Closing of the acquisition is subject to certain conditions and approvals.
The deal is expected to expand Star Copper’s portfolio of district-scale copper-gold assets and position itself as the owner of multiple advanced-stage exploration projects located in British Columbia.
Zymo is a 18,184 hectare project and host to one of the largest known underexplored copper-gold porphyry systems in the region. The property is characterised by an extensive 8km by 2km induced polarisation (IP) anomaly interpreted to define a district-scale copper-gold porphyry system.
Star Copper says the project is ready for future exploration with a five-year permit authorising up to 50 drill sites and additional geophysical surveys. Numerous large IP anomalies remain untested, and no deep drilling has been completed to date.
Indata is a 4,551 hectare property located 120km north of Fort St. James, British Columbia. The project hosts a large copper-gold-molybdenum system, with additional antimony, nickel, and silver potential.
The project is fully permitted through 2030 and, if the acquisition is completed, would provide Star Copper with an additional advanced-stage exploration asset capable of supporting future resource growth, alongside discovery potential.
What the company is saying
CEO Darryl Jones says this proposed deal represents a transformational step for Star Copper and expedites its evolution into a premier British Columbia-focused explorer.
“Zymo is precisely the type of project we seek to add to our portfolio,” Jones says.
“It’s a large-scale copper-gold porphyry system with extensive drilling, exceptional geophysical signatures, strong historical intercepts, significant prior investment, and substantial discovery upside. The scale of the Zymo system immediately stood out to our technical team.
“With an 8km-long porphyry footprint offering multiple mineralised centres and numerous untested targets, this project presents a rare opportunity in today’s copper market. Combined with Indata’s location and our flagship Star Project, we would control multiple advanced exploration assets capable of delivering meaningful discoveries.”
Star Copper is a Canadian mineral explorer focused on discovering and advancing copper-gold systems in British Columbia, Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: Eastfield Resources
