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Canadian Metals Enter Into Option Agreement to Acquire Three Major Target Zinc Properties in Bathurst, New Brunswick
Mar. 19, 2018 08:50AM PST
Base Metals Investing
Canadian Metals Inc. (The ‘‘Company’’) (CSE:CME) The company has decided to develop diversified resources focused on creating a shareholder value through the development of large-scale industrial mineral portfolios in specific commodities and jurisdictions that will fuel the new energy economy. With this decision, the company is pleased to announce it has signed a definitive option …
Canadian Metals Inc. (The ‘‘Company’’) (CSE:CME) The company has decided to develop diversified resources focused on creating a shareholder value through the development of large-scale industrial mineral portfolios in specific commodities and jurisdictions that will fuel the new energy economy. With this decision, the company is pleased to announce it has signed a definitive option agreement to acquire an undivided 100% right, title and interest in and to the TV Tower, Mountain Brook and Blackshale SedEx properties (collectively the “Property”), located in Bathurst, New Brunswick (the “Option”). Following this option, the Company will hold a unique position in the assets of Silicon and Zinc / Cobalt in North America.
As quoted in the press release:
Our main activities are directed towards the development of the Langis project, a high-purity silica deposit located in the province of Quebec, fully permitted with the BEX and the certificate of authorization from the MDDELCC.
The Bathurst Mining Camp occupies a roughly circular area of approximately 70 km diameter in the Miramichi Highlands of northern New Brunswick. The area boasts some 46 mineral deposits with defined tonnage and another hundred mineral occurrences, all hosted by Cambro-Ordovician rocks that were deposited in an ensialic back-arc basin.
