Battery Metal Exploration in North America
This profile is part of a paid investor education campaign.*
KOPR Point Ventures (CSE:KOPR, OTC:NPEZF) is an exploration company engaged in acquiring, exploring and developing mineral properties focused on supplying the growing battery industry. To that effect, KOPR Point Ventures has been building a portfolio of high-grade lithium, cobalt and copper properties in mining-friendly jurisdictions in North America.
KOPR Point Ventures has two projects in Nevada, United States. The Majuba Hill copper project is a past producing property which historically produced 2.8 million pounds of copper, 184,000 ounces of silver, 885,800 pounds of lead, 106,000 pounds of zinc, 21,000 pounds of tin and 5,800 ounces of gold between 1907 and 1960.
The Empire Lithium property also resides in Nevada. Between 2008 and 2016, geochemical tests were conducted on the property and the results range from 78.8 to 600 ppm lithium with a median value of 300 ppm. Finally, KOPR Point Ventures has acquired the Mid-Corner cobalt Project in Newfoundland. The project has an existing net smelter return (NSR) of two percent. The district that the property is situated in is under explored, but has the potential to contain significant cobalt and zinc mineralizations.
KOPR Point Ventures’ management is experienced in the financial sector and is supported by the experience and expertise of geologists E.L. ‘Buster’ Hunsaker and Eric Saderholm. Both Hunsaker and Saderholm are from Elko, Nevada and have worked on projects across the state. Hunsaker has worked on the Majuba Hill project for the past 12 years for Newmont Mining (NYSE:NEM) and will be helping design the upcoming work programs.
Management is also notably invested within the company.
To get more information on the financing through Front Fundr, click here.
- 38,498 feet of core and drilling completed at Majuba Hill since 1970.
- Historic drilling at Majuba Hill included a 113 meter interval that graded 0.45 percent copper.
- Empire Lithium soil sampling program showed values of 78.8 to 600 ppm lithium with a median value of 300 ppm.
- Mid-Corner cobalt project has an existing 2 percent NSR.
- Well structured company with a seasoned management team.
Majuba Hill Copper Project
In May 2018, KOPR Point Ventures entered into an exploration lease and option to purchase agreement with Majuba Hill LLC, for the Majuba Hill copper project. The property is approximately 113 kilometers southwest of Winnemucca, Nevada and approximately 251 kilometers northeast of Reno, Nevada.
The property is accessible on well maintained country roads and all mineral exploration services, including supplies, analytical laboratories and drilling service companies, are available in Reno or Elko, Nevada.
In 1907, the Majuba Hill district was discovered when copper-stained outcrops and cassiterite float were identified. In the early part of the 1900s, high-grade copper and minor tin production was produced from oxidized ore at the Majuba mine. Between 1907 and 1960, historic underground mining was conducted and reportedly produced 2.8 million pounds of copper, 184,000 ounces of silver, 885,800 pounds of lead, 106,000 pounds of zinc, 21,000 pounds of tin and 5,800 ounces of gold.
Modern exploration began in 1971 when Mine Finders Inc. thought that Majuba Hill might contain porphyry molybdenum orebodies similar to those mined in Colorado. Since the 1970s, exploration has continued and a porphyry system was recognized and defined following 38,498 feet of drilling completed by various companies:
- Between 1970 and 1974, 19,834 feet of core by Mine Finders.
- Between 2006 and 2008, 8,560 feet of RC by Minterra Resource Corp.
- Between 2011 and 2014, 10,104 feet of core by Max Resources.
Between 2007 and the present, 35 holes with a total of 18,584 feet have been drilled at Majuba Hill. Modern drilling records are in very good condition and have been converted into an electronic format along with all assay certificates and results. Drilling has shown significant intercepts of low grade copper and silver in both oxide and sulfide mineralization.
Commencing in October, KOPR Point Ventures will be drilling an additional three to four holes on the property, which will target the original mine area and at a depth below any previous work.
Empire Lithium Project
In May 2018, KOPR Point Ventures entered into a share purchase agreement with Goldhat Resources Inc. where KOPR Point Ventures acquired the exclusive lease of certain unpatented mining claims, known as the Empire Lithium Property.
The project is located on the San Emidio Desert and is a dry playa lake in northeastern Washoe County, which is approximately 98 kilometers northeast of Reno, Nevada and approximately 88 kilometers north of Fernley, Nevada. The property consists of 143 placer claims and covers 1,156 hectares of playa and alluvial fan.
Geology and mineralization
The San Emidio Desert basin is approximately 38 kilometers long and 11 kilometers wide. The central playa measures approximately 8.5 kilometers north to south and 4.5 kilometers east to west. The valley is about 2,000 meters deep and filled with coarse conglomerate, gravel, sand and silt in the upper part of the valley with volcanic rocks, tuff beds and volcanic sediments in the lower part of the valley. Outcrops of iron-rich travertine and algal mound tufa are found near the springs on the western portion of the property.
The San Emidio Desert contains a playa-related lithium brine deposit similar to productive playas in Clayton Valley, Nevada and several areas of South America. Sections of the San Emidio Desert lithium project are being targeted by KOPR Point Ventures based on solid geologic information in comparison to established lithium brine models. Exposed mineralization has been found in a salt crust on the playa surface. Unfortunately this can make lithium brine difficult to identify in outcrop exposures and requires that a chemical analysis is conducted in order to identify the lithium brine.
In 1900, the first mining claims on the property were looking for sulfur, mercury and opal. In the 1930s, the depression sparked a renewed interest in the area as people looked for silver and gold.
In 1975 and 1978, exploration for geothermal energy was undertaken by Chevron (NYSE:CVX) with two geothermal test wells of 1,223 and 1,636 meters. There is no evidence that significant exploration has been conducted on the property.
A grid soil sampling program was conducted to test for lithium and other elements in surface soil samples. A total of 172 samples were collected in 200 meters intervals on lines spaced 400 meters apart. The program produced results ranging from 78.8 to 600 ppm lithium with a median value of 300 ppm. These values are comparable to those obtained at Teels Marsh by Dajin Resources (TSXV:DJI,OTCMKTS:DJIFF,Germany: C2U1).
The program indicated that lithium is present in the groundwater, is concentrated in the evaporites and provides feed material for gravity concentration of brines. The connection between lithium values found in clay concentrates and those found in bulk soil samples remains unclear.
KOPR Point Ventures will be conducting more exploration work to better understand the size of the porphyry found and to verify geochemical exploration results from various areas on the property.
Mid-Corner Cobalt Project
In March 2018, KOPR Point Ventures entered into an option agreement with a private vendor to acquire 100 percent interest in the Mid-Corner cobalt project, which is subject to an existing two percent NSR. The property comprises of three licences and 15 mineral claims.
The Mid-Corner cobalt project is located on the Avalon Peninsula approximately 60 kilometers south of St. John’s, Newfoundland and has access to Route 10. The district is under explored, but has the potential to contain significant cobalt and zinc mineralizations. Mid-Corner could house the largest and highest cobalt lake sedimentary anomaly found within the province of Newfoundland and Labrador.
David Greenway — CEO & Director
Mr. Greenway brings more than two decades of experience in managing, financing and developing growth strategies for various TSX Venture Exchange- and Canadian Securities Exchange-listed companies, including involvement in acquisitions, business valuations and investor relations. His key expertise lies in the management and development of junior public resource companies, especially in the mining, and oil and gas sector. He has held directorships, senior management and business development positions, including his role as the chief executive officer of Stamper Oil & Gas Corp., Veritas Pharma Inc., Chief Consolidated Gold Mines, SNS Silver Corp., Moneta Resources Inc. and Sterling Mining Company and his board position in Mountain View Conservation Centre. Mr. Greenway attended University in Bournemouth England, where he studied accounting and finance.
Natasha Sever — CFO
Ms. Sever is a CPA designated in both Canada and Australia with a BCom from Edith Cowan University. She joins the Company with more than 10 years experience in senior finance roles over a wide range of industries including mining, retail and technology. Ms. Sever has held officer positions at a number of publicly listed companies in both Canada and Australia and has a proven record of working in alignment with, and to the benefit of the Board and associated stakeholders. Her extensive experience with company financings as well as TSX & ASX regulatory compliance will serve to ensure the Company manages its affairs in a transparent and proper fashion.
John Ryan — Director
Mr. Ryan has been an active entrepreneur in the resources sector for over twenty years. He has extensive experience in the natural resource sector having served as an officer and/or director of companies such as Bunker Hill Mining, Premium Exploration, Cadence Resources. High Plains Uranium, U.S. Silver Corporation, and Western Goldfields, Inc. Mr. Ryan has extensive executive experience with start-up companies and provides valuable insights regarding mining and other operations as well as public company expertise. Mr. Ryan has also acted as a professional Director in a number of cases of turnaround and/or distressed company scenarios. Mr. Ryan obtained a B.S. in Mining Engineering from the University of Idaho in 1985 and a Juris Doctor from Boston College in 1992.
Bryson Goodwin — Director
Mr. Goodwin is a practiced international executive with over 25 years experience in finance, management, investor relations and operations in both private and public companies. His experience has demonstrated an operational, market and banking track record in the Resource, Oil/Gas, Technology and Biotechnology sectors. Over the course of his career he has fostered an extensive high profile international association of contacts and close relationships through networking and proficient communication skills. He has been engaged by a number of resource, energy, cleantech and technology firms in the departments of; management, finance, business development and PR & IR. This has required extensive travel and flexibility in approach to business. Most recently Mr Goodwin has held, “C” level executive positions in the resource and energy sectors. He joins us with experience in corporate turn-arounds and the systems governing Canadian and US Stock Exchanges. Mr. Goodwin also sits on the board of a number of public and private companies.
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