- Evolution Global Frontier Ventures (EGFV) has signed a non-binding letter of intent to acquire the Raven Quarry Property
- The property has an architectural and structural black granite “Pyroxene Gabbro” dimension stone located on the property
- Terms of the LOIs agreement call for ” EGFV” to issue a minimum of 1 million common shares “in trust”
- The company will be required to complete its due diligence and any other required documents or reports to arrive at the terms to complete a binding definitive agreement
- Evolution Global Frontier Ventures Corp (formerly known as Ascension Exploration Inc.) is a mineral exploration company
- Evolution Global Frontier Ventures Corp. (EGFV) remained unchanged at $2.00
Evolution Global Frontier Ventures (EGFV) has signed a non-binding Letter of Intent to acquire the Raven Quarry Property, located in Harrison, British Columbia.
The property has an architectural and structural black granite “Pyroxene Gabbro” dimension stone located on the property.
The owners had a previous estimate provided by a third-party engineering firm that calculated the estimated volume of of recoverable dimension stone to be approximately 165mm tonnes based on a review of past diamond drilling and limited past production.
Also, in addition to the dimension stone potential, the Raven project is located 15 km to the northwest of the former producing BC Nickel Mine. This mine was the only nickel copper cobalt PGM producer in BC.
The Raven project occurs within the same geological setting and is prospective for nickel-copper mineralization.
Terms of the LOIs agreement call for ” EGFV” to issue a minimum of 1 million common shares “in trust” to be applied towards the closing as part of the purchase price which will be subject to a third-party valuation and final negotiations between the parties.
The company will be required to complete its due diligence and any other required documents or reports to arrive at the terms to complete a binding definitive agreement. Management will continue to provide future shareholder updates on material developments of the LOI as required.
Evolution Global Frontier Ventures Corp (formerly known as Ascension Exploration Inc.) is a mineral exploration company focused on the acquisition, exploration and development of gold properties.
The company is based in Vancouver, B.C. and holds a signed option on a Quesnel Terrane property in north-central British Columbia.
Evolution Global Frontier Ventures Corp. (EGFV) remained unchanged at $2.00.