Source: Ophir Gold Corp.
  • Ophir Gold Corp. (OPHR) has closed the acquisition of three mining claims located in James Bay, Québec
  • The three claims were held by Troilus Gold Corp. (TSX:TLG) and are contiguous to the company’s Radis Lithium Property
  • Ophir issued 225,000 shares for a 100 per cent interest in the claims
  • Ophir Gold Corp. (OPHR) opened trading at $0.18 per share

Ophir Gold Corp. (OPHR) has closed the acquisition of three mining claims located in James Bay, Québec.

The three claims were held by Troilus Gold Corp. (TSX:TLG) and are contiguous to the company’s Radis Lithium Property.

The claims were acquired through a purchase and sale agreement between the two companies. Ophir issued 225,000 shares for a 100 per cent interest in the claims. Troilus will keep a 2 per cent Net Smelter Royalty on the claims, while the Ophir will have the option to purchase back three-quarters of the NSR, reducing it to 0.5 per cent, for $1,500,000. Troilus is arm’s length to Ophir Gold.

Troilus Gold Corp. (TLG) is a Canadian junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production.

Ophir Gold Corp. (OPHR) is a gold exploration company focused on developing its flagship property, Breccia Gold Property, located in Lemhi County, Idaho.

Ophir Gold Corp. (OPHR) opened trading at $0.18 per share.

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