Reward Minerals Ltd (ASX:RWD)

Reward Minerals Ltd announced the execution of a Definitive Asset Purchase Agreement for the acquisition of the Copper Lance Project in central western Newfoundland, Canada. The project is located within a highly prospective Volcanogenic Massive Sulphide (VMS) province. Historical geological data compilation and a new field sampling program have commenced. Several high priority geochemical and geophysical targets have been identified for immediate confirmation through soil and rock chip sampling. Notably, historic rock chip results reported high levels of copper, silver, and gold, which will be subject to confirmation sampling. The project area, accessible via existing road networks, includes 485 contiguous claims over 71.7 km². The exploration plan aims to confirm historic high-grade samples and develop a target ranking for future exploration. Reward's CEO expressed optimism about the potential of these undrilled copper anomalies and the cost-effective exploration efforts.