Bolt Metals (TSE:BOLT) has released an update.
Bolt Metals Corp. has announced an option agreement that could lead to full ownership of the Thundercloud South gold property in Northwestern Ontario, which is in close proximity to several significant gold intercepts and surrounded by active exploration from notable mining companies. The property, part of the underexplored yet mineral-rich Wabigoon greenstone belt, is well-connected by roads and boasts a geological setting comparable to the prolific Abitibi belt. Acquiring the property requires Bolt to fulfill certain cash and share payment obligations to the current owner.
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