Hanstone Gold Corp. (TSE:HANS) has released an update.
Hanstone Gold Corp. has announced the acquisition of three mineral exploration claims adjoining its Snip North property in British Columbia, which are positioned near the historic Snip Mine and are recognized for high-grade gold prospects. The purchase involves issuing 650,000 common shares to the seller at $0.05 each and a 2% net smelter return royalty, with an option to reduce the royalty by half for $500,000. Hanstone, operating in the Golden Triangle region, is advancing its precious and base metals exploration with a focus on its Doc and Snip North Projects.
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