Kootenay Gold Inc. (CVE:KTN) reports that it has entered into an option agreement with Pinecrest Resources Ltd. (CVE:PCR.P) on Espiritu property, Sonora State, Mexico.
Kootenay Gold Inc. (TSXV:KTN) reports that it has entered into an option agreement with Pinecrest Resources Ltd. (TSXV:PCR.P) on Espiritu property, Sonora State, Mexico.
The press release is quoted as saying:
The Option Agreement allows Pinecrest to acquire a 50% undivided interest by issuing an aggregate 750,000 common shares of Pinecrest, over 3 years, with 200,000 issuable within 5 business days after receipt of approval by the TSX Venture Exchange (“TSXV”) and spending US$1 million on the property over 4 years. At completion of the earn-in a JV Agreement will be formalized.
Kootenay Gold’s President and CEO, James McDonald says:
“We are pleased to have Pinecrest as a partner to begin exploration of the Espiritu Concessions. The numerous showings identified on the property to date, combined with overall size and strength of the mineral system bode well for the discovery polymetallic deposits at Espiritu“.
Kootenay Gold’s Chairman, Ken Berry says:
“In keeping with Kootenay’s generative model to develop near term discoveries and long-term sustainable growth, the Espiritu is a large-scale target that warrants immediate further investigation and drill testing. The J/V with Pinecrest will allow Kootenay to fast-track exploration on Esiritu as we continue to prioritize the aggressive ongoing development of our core asset the Promontorio Silver Project in Sonora, Mexico”.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1846.53 | +0.13 | |
Silver | 21.75 | +0.03 | |
Copper | 4.30 | +0.02 | |
Palladium | 1968.65 | +11.53 | |
Platinum | 957.67 | +3.19 | |
Oil | 110.35 | -1.86 | |
Heating Oil | 3.62 | -0.05 | |
Natural Gas | 8.06 | -0.25 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.