InvestmentPitch Media Video Discusses Emergent Metals and Signing of Term Sheet on its Mindora, Nevada Property with Lahontan Gold Corp for US$3.2 million
VANCOUVER, British Columbia, May 17, 2023 (GLOBE NEWSWIRE) -- Emergent Metals (TSXV:EMR) (OTCQB:EGMCF) (FSE:EML) (BSE:EML) has signed a binding term sheet to option its Mindora Property to Lahontan Gold Corp. Mindora, a gold, silver, and base metal exploration property located approximately 20 mile southeast of Hawthorne, Nevada and 10 miles southwest of Lahontan's Santa Fe Property, consists of 147 unpatented mining claims.
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Lahontan Gold, subject to certain terms and conditions, will have the option to acquire a
Upon completion of the exercise of the option, Emergent’s subsidiary will be granted NSR royalties of
At the company’s 2,360-hectare Trecesson Property, located 13 km west of the town of Amos, in the Abitibi Region of Quebec, the company recently reported results from its Phase 1 drill program. The most significant intercept was found in hole TR-23-03 where grades averaged 19.96 g/t Au and 5.13 g/t Ag over 1.1 metres in length.
Also in Quebec, the Casa South Property, is an early-stage gold property adjacent to Hecla Mining Corporation's operating Casa Berardi Mine. Emergent has a
In Nevada, Emergent's Golden Arrow Property, the core asset of the company, is an advanced stage gold and silver property with a well-defined measured and indicated resource. New York Canyon is a base metal property subject to an Earn-in with Option to Joint Venture Agreement with Kennecott Exploration, a subsidiary of Rio Tinto. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of the adjacent Rawhide Mine.
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