Copper Quest Exploration Inc. (CSE: CQX; OTCQB:
IMIMF; FRA: 3MX) (“Copper Quest” or the “Company”) is pleased to announce that further to its news release dated February 11th, 2026, it has completed an arms-length Purchase Agreement (the “Agreement”) dated February 9th, 2026 to acquire 100% of the possessory rights and interest in and to the AUXER Gold Property (the “Property”), located in Bonner County, Idaho, United States (the “Acquisition”) increasing its US exposure to prospective gold and copper assets across North America.
Highlights of the AUXER Gold Property
● Road-accessible 1,087-hectare Property including 130 unpatented lode claims with proximity to the BNSF Railway mainline reducing transportation costs and development timelines compared to remote exploration projects.
● 7-kilometer strike length of mineralization shows strong geological similarities to orogenic gold settings with multiple high-grade ore shoots indicating the potential for a substantial underground mining operation.
● 1,000 meters of underground workings accessing historically sampled and mineable zones provides valuable geological data and potential cost savings through existing access points.
● Permitted for Drilling through the IPNF Decision Memo providing immediate authorization for a surface diamond drill program.
● Permitted to re-establish underground access of historical workings providing an immediate opportunity to re-examine and sample the extensive historical workings, including the Boston Vein and Chicago Vein systems, potentially accommodating future underground drill programs.
● Proven near-surface, high-grade mineralization with historical underground development and modern exploration results by Lightning Creek Gold Corp with grades up to 26.8 g/t Au.
● Permitted Infrastructure authorizations including temporary road construction, overland travel access, and water withdrawal permits.
● Benefitting from Idaho’s established mining jurisdiction, featuring comprehensive regulatory frameworks, experienced mining contractors, and proximity to essential infrastructure.
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