- M3 Metals (MT) has agreed to acquire the G-South Project located in British Columbia
- The 929.68-hectare property is considered prospective for gold
- The vendor will receive a total of $20,000 and 2,000,000 common shares of M3 Metals
- The company plans to begin a detailed compilation and modelling program
- M3 Metals is a Canada-based company focused on the development of mineral properties in North America
- M3 Metals Corp. (MT) opened trading at C$0.085 per share
M3 Metals (MT) has agreed to acquire the G-South Project located in the Central Cariboo Region of South Central British Columbia.
The 929.68-hectare property is considered prospective for gold. Historical drill intercepts on the property include 38.13 grams per tonne gold over 0.9 metres and 6.87 grams per tonne gold over 4.5 metres at the bottom of one of the deepest holes.
The company plans to begin a detailed compilation and modelling program.
Under the terms of the agreement, the vendor will receive a total of $20,000 and 2,000,000 common shares of M3 Metals. The company will also pay a 2 per cent NSR to the vendor once commercial production commences. M3 has the option to purchase 50 per cent of the NSR for $1,000,000.
M3 Metals is a Canada-based company focused on the development of mineral properties in North America.
M3 Metals Corp. (MT) opened trading at C$0.085 per share.