The Prospector News

Cartier Signs Agreement with Delta to Option 100% of the Dollier Property

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Cartier Signs Agreement with Delta to Option 100% of the Dollier Property

 

 

 

 

 

Cartier Resources Inc. (TSX-V: ECR) announces the execution of an option agreement with Delta Resources Limited to option 100% of its interests in its Dollier property located 30 km south of the Municipality of Chibougamau. On May 28, 2021, the TSX Venture Exchange has accepted the documentation pertaining to the Agreement and has issued to Delta a final bulletin.

 

During the four-year option period, Delta shall have the sole and exclusive right and option to earn a 100% interest by issuing in favour of Cartier of an aggregate of 600,000 common shares of Delta and incurring not less than $1,000,000 in exploration expenditures on the Dollier property. Further to the issuance of the final bulletin of the TSX Venture Exchange Cartier will receive an amount of $10,000 in cash and 100,000 common shares of Delta. All shares issued to Cartier under the Agreement will be subject to a statutory four (4) month hold period.

 

Upon the exercise of the Option, Cartier will be granted a 2% NSR production royalty on the Dollier property, half of which (1% NSR) will be redeemable for $ 2,000,000 and the other half (1% NSR) will be redeemable for $ 15,000,000.

 

Posted May 31, 2021

Share this news article

MORE or "UNCATEGORIZED"


Aris Gold Announces Encouraging Results From Its Initial Drill Program at the Juby Gold Project In Ontario

Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF) announces the encourag... READ MORE

December 8, 2021

Goldshore Resources Intersects 117.12m @ 1.26 g/t Au from 1.1m in MMD-21-004

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

December 8, 2021

Omai Gold Announces Final Wenot 2021 Drill Results Including 15.2 g/t Au over 6.0 metres and 2.3 g/t over 10.5 m and Drilling Commenced at Broccoli Hill

Omai Gold Mines Corp. (TSX-V: OMG) is pleased to report that the ... READ MORE

December 8, 2021

Summa Silver Intersects 702 g/t Silver Equiv. over 3.9 m and 4,116 g/t Silver Equiv. over 0.4 m at the High-Grade Silver-Gold Hughes Property, Nevada

High-Grade Mineralization Continues to Expand in Stacked Veins at... READ MORE

December 8, 2021

Osisko Windfall Drilling Intercepts Wide High-Grade in Expansion Holes

163 g/t Au over 8.8 metres in Lynx 4   32.4 g/t Au over 5.7 metr... READ MORE

December 8, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News