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Discovery Harbour Resources Corp. (TSXV:DHR) terminates Caldera agreement

Mining
TSXV:DHR
24 June 2022 13:15 (EDT)

Fortuity 89 area Source: Discovery Harbour Resources

Discovery Harbour Resources Corp. (DHR) has terminated its Exploration Licence and Option to purchase the Caldera Prospect.

Except for specific mineral claims outside the one-mile area of interest around the mineral claims acquired when the agreement was signed in 2016, Discovery Harbour will not hold any interest in the Caldera or Fortuity 89 properties.

“The exploration and drill results on the Caldera and Fortuity 89 properties did not warrant the financial obligations which were due under the current agreement, and discussions for mutually agreeable amended terms were unsuccessful,” said Mark Fields, President & CEO of Discovery Harbour.

“The company is reviewing exploration opportunities for acquisition,” he added.

Discovery Harbour Resources Corp is a Canada-based company engaged in sourcing, exploring, and developing mineral properties.

Discovery Harbour Resources Corp. was unchanged $0.005 at 12:46 PM ET.

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