Precious Metals

St. Anthony Gold Corp. ("St. Anthony" or the "Company") (CSE:STAG)(Frankfurt: M1N)(OTC PINK:MTEHF) is pleased to announce that it has entered into a right of exclusivity agreement (the "ROE") to acquire the Mallay Mine in Peru

The Mallay Mine is located five hours drive north of Lima and three kilometers from the community of Mallay. The 10,562 hectare Tres Cerros Au-Ag Project, mine and processing plant are currently in care and maintenance mode. The existing 600 tpd plant was constructed in 2010.

The Mallay Mine was developed, capitalized and permitted by the multi-billion dollar, globally recognized mining company Compania de Minas Buenaventura S.A.A. (NYSE: BVN), a company that adheres to the highest of industry standards. Buenaventura sold the property to the third party with whom the ROE was entered into with. As part of the ROE, the Company lent to the arms-length third party $200,000 as a demand loan at 8%.

Peter Wilson, CEO stated "The opportunity to acquire such an advanced asset that provides this level of depth in investment [cg1] and optionality, in my view, is unparalleled. The market is aggressively searching for projects quick to cash flow with district scale mineral potential in globally recognized jurisdictions."

The Company intends to conduct a thorough review of the existing resource base and mine development plan to bring the historical resources and reserves into current estimate status under National Instrument 43-101 and create a new mine plan that will incorporate bulk tonnage underground mining methods.

During the 90 days exclusivity period the Company shall complete further due diligence on the project and, if satisfied, negotiate terms of a definitive purchase agreement.

Additionally, the Company announces that Mr. Chris Foster has been appointed as chief financial officer. Mr. Foster is a consultant providing accounting and financial management services for both public and private companies across a broad spectrum of industries. Mr. Foster is the current chief financial officer for DGTL Holdings Inc, former chief financial officer for Perpetua Resources Corp, former controller for the Ivanhoe Group's Global Mining Management Corporation and Peregrine Diamonds Ltd, former controller for Roca Mines Inc and former accountant at Canadian Forest Products Ltd. Mr. Foster is a member of the Chartered Professional Accountants of Canada (CPA Canada).

FOR ADDITIONAL INFORMATION SEE THE COMPANY'S WEB SITE AT
https://stanthonygoldcorp.com
Email to info@stanthonygoldcorp.com
Contact: Peter Wilson CEO - 604-649-0945

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information about the Company is available on www.SEDAR.com under the Company's profile.

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

[cg1] Want to quantify that by mentioning the $US$120 million in capitalized expenditures?

SOURCE: St. Anthony Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/711480/St-Anthony-Gold-Enters-Exclusivity-Agreement

News Provided by ACCESSWIRE via QuoteMedia

STAG:CNX
St. Anthony Gold Pursues Acquisition and Advancements of Assets Battery Metals and Minerals Sector

St. Anthony Gold Pursues Acquisition and Advancements of Assets Battery Metals and Minerals Sector

St. Anthony Gold Corp. ("St. Anthony" or "the Company") (CSE:STAG)(Frankfurt:M1N)(OTC PINK:MTEHF) is pleased to announce that it is pursuing the acquisition and advancement of assets in the battery metal and materials sector

STAG currently has the option to acquire 100% interest in the Burgeo Lithium asset located in Burgeo Newfoundland.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
St. Anthony Gold Closes Sale of Panama Lake Gold Project

St. Anthony Gold Closes Sale of Panama Lake Gold Project

St. Anthony Gold Corp. ("St. Anthony" or the "Company") (CSE:STAG)(Frankfurt:M1N)(OTC PINK:MTEHF) is pleased to announce that it has closed the previously announced sale of all of its rights and title to the Panama Lake Property (the "Property") to Trillium Gold Mines Inc.("Trillium

Trillium paid St. Anthony $500,000 in cash and issued 1,000,000 common shares in the capital of Trillium to the Company. In the event Trillium acquires a 100% interest in the Property, St. Anthony has a one-year option to cause Trillium to exercise its buy-back right to repurchase from Benton Resources one-half of the 2% net smelter royalty on the Property and convey such repurchased 1% net smelter royalty to St. Anthony in exchange for a cash payment by St. Anthony to Trillium of $1,000,000.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Constantine and American Pacific Mining Announce Mailing of Meeting Materials in Connection with Constantine's Special Meeting to Approve Acquisition by American Pacific Mining

Constantine and American Pacific Mining Announce Mailing of Meeting Materials in Connection with Constantine's Special Meeting to Approve Acquisition by American Pacific Mining

American Pacific Mining Corp (CSE: USGD) (FSE: 1QC) (OTCQX: USGDF) ("American Pacific" or "APM") and Constantine Metal Resources Ltd. ("Constantine") (TSXV: CEM) (OTCQX: CNSNF) are pleased to announce Constantine has mailed and filed a management information circular dated September 22, 2022 (the "Circular") and related meeting materials (collectively, the "Meeting Materials") for its special meeting (the "Meeting") of Securityholders (as defined below) to be held October 25, 2022, in connection with the proposed acquisition of all of the outstanding shares of Constantine ("Constantine Shares") by American Pacific announced on August 15, 2022 (the "Transaction" or the "Arrangement").

The Meeting will be held at the offices of Blake, Cassels & Graydon LLP, 595 Burrard Street, Suite 2600, Vancouver, BC V7X 1L3 on October 25, 2022, commencing at 9:00 a.m. (Vancouver time). Holders of Constantine Shares (the "Shareholders"), holders of stock options of Constantine (the "Optionholders" and, together with the Shareholders, the "Securityholders"), and their duly appointed proxyholders in attendance will have the opportunity to participate in the Meeting.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
JAZZ Announces Partial Closing of Private Placement of Units and Termination of Debenture Offering

JAZZ Announces Partial Closing of Private Placement of Units and Termination of Debenture Offering

(TheNewswire)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Empress Royalty Shareholders Approve all Resolutions at Annual General Meeting

Empress Royalty Shareholders Approve all Resolutions at Annual General Meeting

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) ("Empress" or the "Company") reports that following the Company's Annual General and Special Meeting, held on September 28, 2022, Shareholders of the Company voted in favour of management's director nominees and the re-appointment of the auditors. Following the new share-based compensation policy adopted by the TSX Venture Exchange in November 2022, Shareholders of the Company also voted in favour of the Company's replacement 10% "rolling" stock option plan ("Option Plan") and a new equity incentive plan ("Equity Plan"). The Board of Directors approved the Option Plan and Equity Incentive Plan on July 18, 2022, subject to regulatory and shareholder approval

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Southern Silver Provides Corporate Update

Southern Silver Provides Corporate Update

Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver" or the "Company") reports that at the Company's annual general meeting held on September 26, 2022, the shareholders resolved to:

  • Elect incumbent directors: Lawrence Page, K.C., D. Roger Scammell, Eugene Spiering, Nigel Bunting, Larry Buchanan, Peter Cheesbrough, Gina Jones and Russell Ball.
  • Reappoint Smythe LLP, Chartered Accountants as auditor of Southern Silver.
  • Approve the Company's 2022 rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan now provides that an option term may be extended in the event of a self-imposed formal blackout period. In such case, the option would expire 10 days after the expiry of the blackout period. The plan also now includes a provision permitting a broker-assisted "cashless exercise" of stock options. The plan is subject to TSX Venture Exchange acceptance.

The following officers were reappointed subsequent to the annual general meeting: Lawrence Page, K.C. as President, Robert Macdonald as Vice President, Exploration, Graham Thatcher as Chief Financial Officer, and Arie Page as Corporate Secretary.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
iMetal Options Expands the Advanced Kerrs Gold Deposit in Ontario's Prolific Abitibi Greenstone Gold Belt

iMetal Options Expands the Advanced Kerrs Gold Deposit in Ontario's Prolific Abitibi Greenstone Gold Belt

iMetal Resources, Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V) ("iMetal" or the "Company") is pleased to announce it has expanded its existing option agreement with Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. (collectively, the "Vendors") to expand the scope of the Kerrs Gold Deposit by an additional 137 hectares. The Kerrs Gold Deposit located 90 kilometres east-northeast of Timmins, Ontario, in the Abitibi Greenstone Gold Belt, now comprises mineral claims with a total area of 802 hectares

The Kerrs Gold Deposit is comprised of a series of gold-bearing pyritized quartz vein replacement breccias enveloped by quartz fuchsite carbonate vein breccias averaging 10 metres in thickness. The deposit hosts an historical resource estimate of 7,041,460 tonnes grading 1.71 g/t gold yielding 386,467 ounces at a 0.5 g/t gold cut-off. Drilling subsequent to the historic estimate appears to have extended the mineralized zone along strike and down dip.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon Completes Airborne Magnetic Survey Over Gaspard, Spences Bridge District

Falcon Completes Airborne Magnetic Survey Over Gaspard, Spences Bridge District

Falcon Gold Corp. (FG:TSX-V)(3FA:GR)(FGLDF:OTCQB); ("Falcon" or the "Company") is pleased to announce the completion of a fixed wing airborne magnetic survey over the Gaspard gold project (the "Property

The Gaspard Property comprises 3 mineral claims, covering 3,955 hectares ("ha") in the Clinton Mining District of central British Columbia (Figure 1). The Property covers similar geology to the Spences Bridge Gold Belt (the "SBGB") that hosts Westhaven Gold Corp.'s (TSXV:WHN) Shovelnose gold project and the Blackdome Zone gold-silver deposit owned by Tempus Resources (ASX:TMR). The Property has year-round, all-season road access with a good network of active logging roads.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×