Peak Minerals Completes Acquisition of Suriname Gold Project

Peak Minerals Ltd. ( (TSE:PEK) ) has shared an update.

Peak Minerals Ltd. has successfully completed the acquisition of 1494741 B.C. Ltd., gaining a 100% interest in the Tapanahony Project located in Suriname. This acquisition, valued at $1.5 million through the issuance of 6,000,000 common shares, positions Peak Minerals to explore significant gold targets within the 29,000-hectare area known for its artisanal mining and historical exploration. The appointment of Oscar Louzada as CEO following the acquisition marks a strategic leadership change, with the company planning to file a technical report on the project by mid-2025.

More about Peak Minerals Ltd.

Peak Minerals Ltd. is a company focused on mineral exploration and the acquisition of mineral property assets in Canada. Its goal is to identify and develop economically viable precious and base metal properties, with current exploration efforts centered on the Aida Project, which comprises five mineral claims in the Kamloops Mining Division.

YTD Price Performance: 80.0%

Average Trading Volume: 61,178

Technical Sentiment Consensus Rating: Sell

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