Lodestar Metals Corp. is a Canadian junior gold exploration company focused on the Gold Run Project in Nevada, a drill-ready property described by the company as located on a major Carlin-style gold trend. Company news centers on exploration work at Gold Run, including drill permitting, reverse-circulation drilling, target definition, historical gold-silver data, and mineral-property agreements such as the Black Diamond mining patent. Updates also cover non-brokered private placements, common-share and warrant units, use of proceeds for drilling and working capital, board changes, and stock-option grants.
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Lodestar Battery Metals Corp. (TSX-V: LSTR, OTCQB: SVTNF) announced the acquisition of an additional 7,859 hectares of mineral claims adjacent to its Peny Property in Manitoba's Snow Lake District. This strategic move aims to enhance the company's presence in the promising lithium pegmatite region. CEO Lowell Kamin emphasized the importance of this expansion for shareholder interests and future exploration initiatives. The new claims, totaling 47 for 11,191 hectares, were staked in February 2023 based on favorable geological assessments. Past exploration results, although not significant for lithium, indicate a correlation with other elements. Lodestar plans to leverage advanced remote sensing techniques to explore mineral targets effectively.
Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) announced a letter of intent to acquire The Wholesome Organic Limited, owner of the Peny Property in Manitoba, Canada. The purchase involves 13,000,000 shares valued at $1,235,000 at $0.095 per share. The Peny Property, spanning 3,204 hectares, is adjacent to a former VMS mine and is expected to focus on lithium exploration due to increasing demand in battery technology. The acquisition is pending due diligence and TSX Venture Exchange approval.
Silverton Metals Corp. (TSX-V: SVTN, OTCQB: SVTNF) has entered a share purchase agreement to acquire the Margaritas Gold-Silver Property in Durango, Mexico, from Zapata Exploration Ltd. and 0924682 B.C. Ltd. The Margaritas Property encompasses 500 hectares and is noted for its high-grade gold-silver deposits, with gold grades reported at up to 73.7 g/t. Silverton plans to expedite exploration with environmental permits already in progress. The transaction includes issuing 750,000 common shares and a 0.5% royalty. Closing is subject to customary conditions and acceptance by the TSX Venture Exchange.