{"id":93341,"date":"2026-06-18T05:08:17","date_gmt":"2026-06-18T05:08:17","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/93341\/"},"modified":"2026-06-18T05:08:17","modified_gmt":"2026-06-18T05:08:17","slug":"flagship-secures-drill-supported-copper-target-in-canada","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/93341\/","title":{"rendered":"Flagship secures drill-supported copper target in Canada"},"content":{"rendered":"

Flagship Minerals<\/a> (ASX:FLG) announces the acquisition of the Whipsaw Copper Project in British Columbia.<\/p>\n

The acquisition involves an option agreement worth $6.5 million over two years, comprising $4 million in cash and $2.5 million in cash or shares at the company\u2019s election.\u00a0<\/p>\n

The agreement includes a 2% net smelter return, with Flagship having the option to purchase half the royalty for $3 million.\u00a0<\/p>\n

An additional milestone payment of $5 million becomes payable upon declaration of a 300 million tonne mineral resource at 0.40% copper-equivalent grade.<\/p>\n

Whipsaw is a large-scale porphyry copper project located approximately 17km west of Hudbay\u2019s Copper Mountain Mine and around 160km east of Vancouver.\u00a0<\/p>\n

Historical drilling, geological mapping, soil geochemistry, and geophysical surveys support a JORC-compliant exploration target across a mineralised system, which extends approximately 3.7km in strike length and up to 1.2km in width.\u00a0<\/p>\n

The system hosts mineralisation dominated by copper alongside accessory molybdenum and minor silver and gold.<\/p>\n

Flagship Managing Director Paul Lock says the company is \u201cextremely pleased\u201d with the acquisition, noting that it positions Flagship \u201cwith a drill supported exploration target of 0.51 billion tonnes to 1.02 billion tonnes @ 0.2% to 0.4% copper-equivalent.\u201d<\/p>\n

\u201cImportantly, Whipsaw complements our strategy of advancing the 2.1-million-ounce Isidora Gold Project in Chile while building a pipeline of quality development opportunities capable of delivering long-term shareholder value,\u201d Lock says.<\/p>\n

He adds that the company is evaluating a potential spin-out of Whipsaw into a standalone ASX-listed copper vehicle.\u00a0<\/p>\n

As part of advancing Whipsaw towards potential mineral resource classification, Flagship is proposing a 15-hole diamond drilling program totalling approximately 4,500m.<\/p>\n

Drilling will test the geological assumptions underpinning the exploration target and provide critical information on grade distribution, mineralisation style, alteration patterns, and lithological relationships within the intrusion system.<\/p>\n

Flagship Minerals<\/a> is an exploration and development company focused on critical metals<\/a> required for electrification, including gold<\/a>, copper<\/a>, and lithium<\/a>, with core projects in Chile, Canada, and Thailand.<\/p>\n

Write to Paula Fabe<\/a> at Mining.com.au<\/a>\u00a0\u00a0\u00a0<\/p>\n

Images:\u00a0Flagship Minerals<\/p>\n

Add to Watch List:Flagship MineralsCopper<\/p>\n","protected":false},"excerpt":{"rendered":"Flagship Minerals (ASX:FLG) announces the acquisition of the Whipsaw Copper Project in British Columbia. The acquisition involves an…\n","protected":false},"author":2,"featured_media":93342,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3977,239,17,4547,34622,11191,2835,8234],"class_list":["post-93341","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-acquisition","tag-british-columbia","tag-canada","tag-copper","tag-diamond","tag-drilling","tag-exploration","tag-option-agreement"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/93341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=93341"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/93341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/93342"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=93341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=93341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=93341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}