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@ Yahoo! Finance - by layer3.news
2025-05-19 14:16:49
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✍️ Canadian Gold has entered into an option agreement with Hudbay Minerals to acquire the Tartan West property, located adjacent to its Tartan mine in Flin Flon, Manitoba, Canada.
👉 Canadian Gold will make initial payments of 185,185 shares and C$100,000 for field work
👉 Subsequent payments will include cash and share payments, as well as work commitments
👉 The agreement stipulates a 100% interest in Tartan West for Canadian Gold, with Hudbay receiving a 2.5% net smelter return
👉 Exploration potential of the Tartan Shear Zone could double in size from 8km to 16km
👉 High-grade gold results have been yielded in the area, with notable assays such as 44.2 grams per tonne over 2.5m and 595.2g/t over 0.2m
#MichaelSwistun #FlinFlon #Manitoba #Canada #Peru #Cuscoregion #mining
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