The Star Project is an Alkalic Copper-Gold Porphyry in the Golden Triangle of BC with a fixed-wing airstrip on the Property and a network of roads and trails. The Project was last explored in 2014 after which time a convoluted ownership structure was a serious impediment to the project. Alpha Copper bought a 49% stake in the Company from the court appointed receiver of the prior owner after its insolvency for $220,000. Alpha Copper signed an LOI to option the remaining 51% from Prosper Gold Corp., the operator on the claim for a total consideration of 1.25M shares and 1.155M CAD. The total cost basis of the project for Alpha Copper (including consideration shares) is approximately $2,000,000 for a project with historical work valued at a minimum of $7,500,000 in today’s dollars.
The Star project is located west- southwest of Dease Lake in the Stikine Arch. The project is within the well-known Golden Triangle and Golden Horseshoe of British Colombia, in a region that is exceptionally fertile for porphyry copper-gold projects
Majors are active in the surrounding area
Historic drill results[1] include:
Over 18,000 m of drilling was done in the Star target to date. Operators have gradually extended the porphyry system to a depth of 700 m, culminating with work in 2014. Several deep drill holes bottomed in mineralization, indicating that the system is still open to depth.
The property also contains several less developed targets.
Star
Star North
Star East
Pyrrhotite Creek
Copper Creek
Footnotes
* Deposits on other claims are not and indicator that a deposit may be developed within Alpha Copper’s claim boundaries. The Star Project is an exploration stage project.
[1] Drill results on the Star are considered historical and have not been verified by the Company.
[2] Schaft Creek Preliminary Economic Assessment (PEA) NI43-101 Technical Report by Ghaffari et al., September 10 2021.
[3] Red Chris Operations, British Columbia, Canada, NI43-101 Techincal Report by Stewart et al., 30 June 2021.
[4]Galore Creek Project British Columbia 43-101 Technical Report on Pre-Feasibility Study, Gill et al., 27 July 2011.
