We believe gold-copper-silver or copper-gold-silver porphyry systems to be the future of gold & copper mining. In order to develop a world class mine, massive scale is increasingly required. Pophyry deposits offer potential for such massive scale. Porphyry deposits tend to be gold-copper dominant or copper-gold dominant, often with significant silver and molybdenum as well. Importantly, porphyry mines tend to be amenable to efficient and responsible open-pit mining techniques, without the difficulties & variabilities associated with vein-style deposits. While sometimes lower in grade, open pit mines can be 50-100X cheaper to mine than underground vein-deposits, far outweighing the benefits of slightly higher grade. For example, a typical underground mine with 5g/t might have 10X higher grade than an open pit at 0.5g/t, but the costs to mine underground could be 100X higher.
Gold Hart believes Tolita to be the only untested, fully preserved copper-gold or gold-copper porphyry system in the Maricunga / Vicuna Copper & Gold belts.
Toro is the sister deposit to Tolita, with more existing drilling and higher grade results. Recent successful IP Survey confirmed the anomaly hasn’t even been tested yet.
Cachitos is at the SW corner of Cerro Casale and was originally personally staked by Dr. Professor Jose Frutos, shortly after he was involved in leading its discovery.
Zelma is a unique gold-copper-silver-moly property surrounded on all four sides by Barrick & Newmont’s Norte Abierto, the largest gold-copper deposit on the continent.
Casale Sur (“Southern Casale”) is adjacent to Barrick & Newmont’s massive Cerro Casale gold-copper deposit, with 6,000m trenching and a significant anomaly.
Miera is a gold-silver-zinc epithermal target which enlarged the original Toro claims after Gold Hart geologists discovered its anomaly may prove larger than anticipated.
Gold Hart Copper rolled up 7 properties, all surrounding the Cerro Casale & Caspiche (Norte Abierto Complex) mega-assets controlled by Barrick ($40B) & Newmont-GoldCorp ($55B), widely considered the largest gold-copper porphyry on the continent. Gold Hart is surrounded by other majors Kinross ($15B) Maricguna/Refugio Gold Mine to the North, Penoles ($8B) / Fresnillo ($9B) to the East, and Lundin ($13B) Caserones & Filo ($3B) to the South.
Dr. Professor Jose Frutos is widely considered one of the most renowned geologists in Chile, having spent years as the National Director for the National Geological Survey of Chile. Dr. Professor Frutos is credited with many of the country’s largest gold and copper discoveries. Dr. Frutos also wrote the Atlas of Chile – 1,200 Mines & Mineral Deposits, in addition to the books “Geology & Mineral Resouces of Chile” and “Stratabound Ore Deposits in the Andes”
Dr. Frutos is credited with leading the discovery team for Cerro Casale (Norte Abierto Complex), now considered the largest gold deposit held by Barrick and Newmont-GoldCorp, the world’s two largest gold producers. Dr. Frutos worked with Bema Gold, the first company to explore Cerro Casale, before it was acquired by Kinross for $3.5-Billion, which was the largest gold corporate acquisition ever at the time.
Dr. Professor Frutos is credited with discovering the world’s largest copper mine “Escondida” in northern Chile. Escondida is the single largest copper mine in the world and contains approximately $450-Billion worth of copper. Dr. Frutos personally staked the Escondida claims himself, although the mine is now owned by BHP ($200-Billion market cap) & Rio Tinto ($150-Billion market cap). Escondida is Spanish for “hidden” or “concealed” because the copper was buried beneath hundreds of meters of rock. Dr. Frutos was the first geologist to theorize that the massive copper deposit was hidden underneath.
After discovering Cerro Casale on behalf of Bema / Kinross, Dr. Frutos decided to stake certain properties for his own family. These claims, known as “Cachitos” are immediately adjacent to Cerro Casale, sitting at the SW corner of this mega-asset. Vicunau now owns the Cachitos properties outright. Interestingly, Dr. Frtutos believes that certain parts of the massive gold-copper porphyry from Cerro Casale may extend onto the Vicunau Cachitos property, albeit under cover of rock. Vicunau is committed to exploring Cachitos and advancing this valuable property.
The Rt. Honourable, John R. Baird spent two decades in elected office. During that time, he served in senior cabinet roles, including four years as Minister of Foreign Affairs with Prime Minister Stephen Hartper, President of the Treasury Board, Minister of the Environment, Minister of Transport and Infrastructure, and Minister of Energy. In 2010, MPs from all parties selected him as Parliamentarian of the Year.
Barrick Gold Corp. has tapped former foreign affairs minister John Baird and former top U.S. lawmaker Newt Gingrich to serve on its advisory board, the company said in regulatory filings. Mr. Baird and Mr. Gingrich, a former Republican speaker of the U.S. House of Representatives, will join other political heavyweights including former Canadian Prime Minister Brian Mulroney on the miner’s international advisory board. The board meets once a year and gives advice to the world’s biggest gold producer, which has operations in the Americas, Africa and Australia. “The role of the board is to provide advice on geopolitical and other strategic issues that affect our business,” a company spokesman said. “Both Mr. Baird and Mr. Gingrich bring with them excellent credentials and experience in this regard,” he said. (Source: Globe & Mail)
Mr. Baird is a true believer in the benefits of having exposure to commodities such as gold, silver, and copper, as a hedge against inflation. He understands the geopolitical landscape and appreciates that Chile has cemented its reputation as a global leader in responsible mining. Mr. Baird began his involvement in Vicunau by investing significant personal capital into the Company, later taking a more active role by establishing the Advisory Board as its co-chair together with Vicunau co-founder & CEO Isaac Maresky.
Mr. Baird is a Senior Business Advisor with Bennett Jones LLP, a premier Canadian law firm. He also sits on the International Advisory Board of Barrick Gold Corp. and the corporate boards of Canadian Forest Products (Canfor, as Chair), the FWD Group (former ING Insurance Asia), and PineBridge Investments (former AIG Investments). He is also a Senior Advisor at Eurasia Group, a global political risk consultancy. Mr. Baird also volunteers with Community Living Ontario, an organization that supports individuals with developmental disabilities and is a Friends of Israel Initiative board member. He holds an Honours Bachelor of Arts in Political Studies and an Honourary Doctor of Laws from Queen’s University at Kingston. (Source: Bennett Jones LLP)
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Enrique Viteri, P.Geo, spent a decade with Anglo American, which was the first major mining company to explore in Maricunga & Vicuna in the late 1980s and early 1990s. Mr. Viteri personally directed the very first drill campaign at Caspiche, now known as the massive Norte Abierto Complex owned by Barrick and Newmont-GoldCorp, considered to be the largest gold-copper deposit on the continent with 58-Million ounces.
Having been one of the first geologists to drill in the region, Mr. Viteri was personally involved in discovering several multi-billion dollar assets. For example, Mr. Viteri was involved in the famous Maricunga Gold Mine (Refugio). Kinross began producing gold from Maricunga in 1998, and at one point this mine produced 15% of all the gold in Chile. Mr. Viteri also worked on Pascua-Lama, the $10-Billion asset owned by Barrick straddling the border of Chile & Argentina.
Mr. Viteri first staked Vicunau Tolita & Toro properties in 1993, when he recognized that these assets displayed the same hallmarks as the mega gold and copper deposits nearby.
Of all the properties Mr. Viteri was involved in, Toro & Tolita are the only assets in the Maricunga/Vicuna which he decided to personally keep and personally maintain. Mr. Viteri has held these assets since 1993, because he believes they have all the hallmarks of massive copper-gold porphyry systems in the region. Mr. Viteri was also involved in the adjacent Yastai / Nemesis asset, now controlled by the major mining company Penoles (Fresnillo). Penoles has staked all of the land immediately surrounding Vicuna’s Tolita property and up until the Lundin Caserones mine.
March 27, 2025 – Toronto, Ontario– Gold Hart Copper Corp. (TSXV:HART) (formerly Vicunau Metals Corp.) (the "Company", "Gold Hart", or “HART”) is pleased to announce that drilling has commenced at its Tolita gold-copper-silver porphyry target where the famous Maricunga Gold Belt meets the emerging Vicuña Copper Belt.
“We are thrilled to have launched drilling at this historically significant asset which we believe may be one of the only remaining fully preserved, potentially large scale gold-copper porphyry targets in the Vicuña district of Chile” stated Isaac Maresky, Chairman and CEO of HART. “The Tolita property has waited nearly 30 years for this critical second phase of drilling since it was long-ago recognized by a top geologist as a unique target for its gold and copper near surface. Our team of geologists have been involved in some of the country’s largest gold and copper discoveries, and deserve a great deal of credit for recognizing Tolita in the early 1990s, maintaining the property, and obtaining all approvals to launch this drill campaign. With the application of modern science including geophysics, and the discovery of a large 2.5km2 high-chargeability anomaly, we believe the Gold Hart team is well equipped to properly target the potential of the property.”
The Tolita property is a historically significant gold-copper asset which was first recognized and staked in 1993 - by one of the pioneering geologists of the Maricunga-Vicuña district - for its uniquely high grades of gold and copper on surface. In 1996, a third party company optioned the property and drilled 3 short 200m RC holes, without any geophysics, and yet still hit gold and copper in all 3 holes, including long intercepts of gold and copper (150m and 164m, respectively) close to surface in 2 of the 3 holes. At the time, gold was approximately $300/oz and copper traded below $1.00/lb, and large scale sulphide / porphyry deposits with both gold and copper were often considered less favorable than smaller scale gold-only oxide deposits.
Tolita has had significant trenching (5,600m / 5.6km) with the highest grade trench returning grades up to 52g/t gold equivalent including 4% copper. Tolita has undergone helicopter mag surveys with 4 unique anomalies, but was only drilled to a depth of 200m with 3 short RC holes (out of a planned 8 hole campaign) due to negative gold market sentiment in 1997-1998. When Gold Hart acquired the property, a full geophysical survey was conducted by a recognized geophysics firm, and a large high-chargeability anomaly was discovered that is near surface and almost 2.5km2 in size and “interpreted as a copper-gold or gold-copper porphyry system that certainly warrants additional exploration and drilling”. Gold Hart Copper is fully funded for its planned drill campaign.
About Gold Hart Copper
Gold Hart Copper is one of the largest independent land owners surrounding major miners where the famous Maricunga Gold Belt meets the emerging Vicuña Copper Belt in Chile. HART is actively acquiring, exploring and developing its portfolio of gold, copper & silver properties adjacent to the largest gold and copper assets on the continent.
HART's team of geologists were personally involved in pioneering exploration in the region, leading to some of its greatest gold, copper, and silver deposits, and include the country's former National Geological Survey head. Specifically, senior Gold Hart geologists were personally involved in the Escondida copper discovery, now the largest copper mine in the world controlled by Rio Tinto and BHP, as well as Cerro Casale, the largest gold-copper discovery in Chile acquired by Barrick and Newmont (GoldCorp) with 59-million ounces of gold and 12.5-billion pounds of copper.
HART has rolled-up a portfolio of historically significant assets surrounding majors, in some cases personally staked by the very same geologists who made the adjacent mega-discoveries, since the early 1990s. Some of the Gold Hart properties have already undergone a first phase of RC drilling, with highly encouraging results of gold, copper, and silver. Gold Hart properties are controlled 100% and not subject to any royalties whatsoever.
HART believes it may be sitting on one of the only fully-preserved untested large-scale gold-copper-silver porphyry targets in the Vicuña District - an asset that was first recognized for its uniquely high grades of gold and copper on surface - and staked by one of the Maricunga-Vicuña district’s pioneering geologists in 1993.
Gold Hart Copper is fully funded for its planned drill campaign.
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Qualified Person
The technical information contained in this news release related has been reviewed by Mr. Jonathan A. Warner, Executive Vice President of Gold Hart Copper and a Qualified Person within the meaning of NI 43-101.
For further information please contact:
Gold Hart Copper Corp.
Isaac Maresky
Chief Executive Officer and Director
Email: im@goldhartmining.com
Cautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's listing application dated March 14, 2025, a copy of which is available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein