Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

Declan Cobalt Announces Sale of Turner Lake Project

 

 

 

 

 

Declan Cobalt Inc. (CSE: LAN) announces that it has entered into a mineral purchase agreement with Pacific Cascade Minerals Inc. whereby PCV will purchase a 100% interest in the Turner Lake Project located in Nunavut.

 

 

Under the terms of the Agreement the PCV agrees to purchase a 100% right title and interest in the property in exchange for 1 million common shares of PCV to be delivered to the Company within 10 days after PCV receives regulatory approval for the transaction. The Company will also be reimbursed $46,720 by PCV representing prior cash expenditures incurred on the Property. Upon commencement of commercial production, PCV shall pay a royalty to the Company equal to 1% of net smelter returns which may be purchased for the sum of $1,000,000 at any time after commercial production.

 

 

The Property consists of 2 claims, T1 K90329 and M1 K90330 totaling 1925 hectares, near Bathurst Inlet in the Kitikmeot District of Western Nunavut, approximately 560 km NE of Yellowknife NWT.

 

Posted September 13, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

MORE or "UNCATEGORIZED"


51% IRR from PEA at TriStar Gold’s Castelo de Sonhos Project

On behalf of TriStar Gold Inc. (TSX-V: TSG), GE21 Consultoria Min... READ MORE

November 16, 2018

Colorado Defines Gold-Copper Mineralization Over 500 m Strike Length at Tami

Colorado Resources Ltd. (TSX-V: CXO) is pleased to announce compl... READ MORE

November 16, 2018

Macarthur Minerals Closes Oversubscribed Private Placement

Macarthur Minerals Limited (TSX-V: MMS) is pleased to announce it... READ MORE

November 16, 2018

Blue Sky Uranium Reports over 1% U3O8 and 0.1% V205 in Pit Sampling Adjacent to Ivana Uranium-Vanadium Deposit

Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF) is p... READ MORE

November 15, 2018

White Gold Corp. Drills 103.9 g/t Gold & 400.0 g/t Silver over 1.52m from Surface within a Broader Intercept of 31.4 g/t Gold over 6.1m and Identifies New High-Grade Gold Zones at Vertigo Target on JP Ross Property

White Gold Corp. (TSX-V: WGO) (OTC – Nasdaq Intl: WHGOF) (FRA: ... READ MORE

November 15, 2018

Copyright 2018 The Prospector News - Site design by Spyderbaby Productions