Alta Copper Enters Option Agreement for Arikepay Project

Alta Copper Corp. has announced a Definitive Option Agreement with Precore Gold Corp. for the Arikepay project in southern Perú. This agreement allows Precore Gold to acquire up to a 100% interest in the copper-gold project. The project spans three mineral concessions covering 1,800 hectares.

The terms include the issuance of 3,500,000 shares of Precore Gold and a 1.5% Net Smelter Royalty. Precore Gold commits to Cdn$375,000 in cash payments and Cdn$1,500,000 in exploration costs over ten years. Milestone payments totaling Cdn$7,000,000 are linked to resource estimation and feasibility studies.

Precore Gold will lead the project as the operator, responsible for exploration and budget management. Alta Copper emphasizes that this strategic move aims to enhance shareholder value as it focuses on its Cañariaco copper project.