Star Copper (CSE:STCU) is conducting a non-brokered private placement of C$5 million ($5.17 million) to fund an ‘aggressive’ drilling campaign at its namesake project in British Columbia.
Under the placement, 4 million flow-through (FT) common shares will be issued at C$1.25 per FT share. The offering is expected to close on or around 2 March 2026.
The drilling program will comprise step-out drilling, deeper testing of priority targets, and follow-up drilling guided by ongoing three-dimensional geological modelling and planned deep-penetrating 3D geophysics.
As previously reported, Star Copper deployed an advanced deep-penetrating 3D induced polarisation survey. Results from the survey will be integrated into Star Copper’s three-dimensional geologic model and are expected to directly inform drill targeting, hole orientation, and depth selection for a planned aggressive drill program.
Further, Star Copper is awaiting additional drill results from a phase two drill program conducted in 2025.
Star Copper is an explorer and developer focused on developing high-potential copper projects in mining-friendly jurisdictions. The Star Project is an alkalic copper-gold porphyry asset located within the Golden Triangle and Golden Horseshoe regions of British Columbia, Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: Star Copper
