Coyote Copper Mines Inc. entered into an option agreement that gives the company the option to acquire 223.85 acres of patented mining claims known as the Gibson mine from the Franciscan Friars of California for an aggregate price of $1.4 million.
“High-grade copper veins and deposits are an integral part of the Globe Miami copper area. The presence of the high-grade Gibson copper veins in the vicinity of the large ‘Donut Target’ makes the Gibson acquisition very compelling, just like the high-grade Magma mine which sits above the Resolution mine. In addition, patented mining claims give Coyote Copper title to the surface and mineral rights outright. The corporation would benefit from significantly streamlined permitting for exploration drilling on its own titled land and would have the right to construct permanent surface infrastructure — including core storage facilities and field offices,” said Dan Weir, CEO of Coyote Copper Mines.
The Franciscan Friars obtained the property through a donation in 1969. Historical records indicate that production at the Gibson mine during its main period of operation (1906–1918) totaled approximately 12 million lb of copper and 3,500 oz of silver. Between 1918 and 1950, small-scale production also occurred, with approximately 260,000 lb of copper recovered from ore sorted from the mine. The site was mined intermittently from the 1960s through the 1990s by solution mining of the historic workings.
In August 2025, Coyote Copper collected ten samples across the Gibson Structural Corridor (GSC): six bedrock samples from areas of observed copper oxide mineralization and structural zones, and four selective grab samples from historic ore piles in the West Gibson area. Across all ten samples, copper values ranged from 0.091% to 22.41%. Silver values ranged from below detection to 69.3 g/t. The four selective grab samples from the West Gibson zone returned copper grades ranging from approximately 10% to 22% Cu.
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