- Golden Independence (IGLD) has signed of an option agreement for its Fraser Lake copper project near the Quesnel Trough of Central B.C.
- Valleyview Resources Ltd., a private B.C. company, has the right to acquire a 100 per cent interest, subject to a 2 per cent net smelter return royalty
- The 99 sq. km. project is comprised of three claim blocks located between 40 to 55 kilometres northwest of Fraser Lake
- Golden Independence Mining Corp. (IGLD) opened trading at $0.46 per share
Golden Independence (IGLD) has signed of an option agreement for its Fraser Lake copper project near the Quesnel Trough of Central B.C.
Under the agreement, Valleyview Resources Ltd., a private B.C. company, has the right to acquire a 100 per cent interest, subject to a 2 per cent net smelter return royalty, in the three claim blocks, by making for stage payments of 3 million shares and exploration expenditures of $300,000.
The 99 sq. km. project is comprised of three claim blocks located between 40 to 55 kilometres northwest of Fraser Lake.
Golden Independence acquired Fraser Lake by staking following up on historic exploration for porphyry copper and molybdenum associated with a series of Endako plutons intruding Cache Creek complex, carbonate, clastic, and volcanic rocks.
Golden Independence’s CEO, Jeremy Poirier, stated that the company acquired Fraser Lake one year ago for staking costs and are now unlocking the value of the asset through a significant share position in Valleyview as it explores Fraser Lake as its cornerstone asset for its initial public offering.
“The project was identified by management based on the geology and location supported significant copper molybdenum porphyry prospectivity, which has now been validated by the deal with Valleyview and represents a benefit to Golden Independence shareholders.”
Golden Independence Mining is an exploration company engaged in the acquisition and exploration of mineral property assets.
Golden Independence Mining Corp. (IGLD) opened trading at $0.46 per share.
