PriceSensitive

1844 Resources (TSXV:EFF) acquires 4 claims and extends its position on the Native Copper Project

Mining
TSXV:EFF
16 September 2021 10:30 (EDT)

Source: 1844 Resources Inc.

1844 Resources (EFF) has agreed to acquire a 100 per cent interest in 4 claims on its Native Copper Project.

Two known showings are part of the claims acquired: Fer à Cheval – 1 and Ruisseau Cantin, 1844 has also acquired an additional 12 claims.

As consideration for the acquisition, the vendors 9248-7792 Quebec Inc. and Prospect Or Corp will each receive 200,000 common shares and a 2 per cent net smelter returns royalty.

1844 Resources has a 100 per cent undivided interest in 172 claims in the Southern part of the Gaspé Peninsula, to the North-West of the municipality of Chandler and Northeast of Port-Daniel. The project now extends on 98sq/km and 7 known showings are part of the property.

1844 is an exploration company with a focus on strategic and energetic metals and underexplored regions “Gaspé, Chibougamau Québec”.

1844 Resources Inc. (EFF) is currently trading at C$0.095 per share.

Related News