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PNG Copper Inc ( (TSE:PNGC) ) has provided an announcement.
Loyalist Exploration Limited has announced a binding letter of intent to acquire a 100% interest in the Gold Rush property, located 30 kilometers west of Timmins, Ontario, within the Timmins Gold Camp. This strategic acquisition aligns with Loyalist’s strategy of enhancing its portfolio with promising exploration projects. The Gold Rush Property, composed of 41 contiguous mineral claims, offers potential for gold-silver mineralization and future property expansion. The area is accessible, has no immediate environmental or social concerns, and includes three high-priority prospects. Loyalist’s option to fully own the property involves cash considerations totaling $160,000.
More about PNG Copper Inc
Loyalist Exploration Limited is a company operating in the mining industry, focusing on exploration projects with potential for substantial returns. The company primarily acquires low-cost, high-upside mining properties to enhance its portfolio and provide value to its shareholders.
Average Trading Volume: 561,324
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$952.7K
Learn more about PNGC stock on TipRanks’ Stock Analysis page.
