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The Peerless Property, covering approximately 5,500 hectares, is located in the
Under the terms of the Option Agreement, the Company will pay BCT an aggregate of
The Company has also committed to incur not less than
Historically, the Peerless Property contains three (3) known areas of base and precious metal mineralization known as the Alpha, Beta and Peerless, with the Peerless containing underground workings.
Drill testing on the
No additional drill testing of this zone has been undertaken since 1987.
Recent exploration programs discovered a multi-element, including gold in soil anomaly over 3,000 and up to 500 metres wide that remains open in both directions that incorporate all three (3) known zones.
Higher grade gold/silver + base metal mineralization appears to be situated along a structurally controlled, metasediment-volcanoclastic/ ultramafic contact.
The Company plans to continue to define the extent of the anomalous gold + base metal in soil anomalies with the intention of working with the First Nations and government authorities to obtain permits to begin drill testing the
Bathurst CEO
The
Qualified Person
and approved the scientific and technical disclosure in this news release. Mr. Warner is not independent of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
“Harold Forzley”
CEO
For more information contact
info@bathurstmetalscorp.com
Neither
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
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