Source: Prudent Minerals
  • Prudent Minerals Corp. (PRUD) has acquired Berlin Precious Metals Corp
  • Under the agreement, Prudent Minerals will obtain the exclusive right to earn 100 per cent of the ABE Gold Project in NW Colombia
  • Prudent will exchange 8,000,000 common shares and 8,000,000 common share purchase warrants for all of the issued and outstanding common shares of Berlin Precious Metals Corp
  • Prudent Minerals Corp. is a Canadian company conducting exploration on its SAT Property in British Columbia, Canada
  • Prudent Minerals Corp. (PRUD) opened trading at C$0.06

Prudent Minerals Corp. (PRUD) has acquired Berlin Precious Metals and obtained the right to earn 100 per cent of the ABE Gold Project.

In line with the terms of the acquisition, Prudent will exchange 8,000,000 common shares and 8,000,000 common share purchase warrants for all of the issued and outstanding common shares of Berlin Precious.

Each Prudent warrant allows its holder to acquire a Prudent share for $0.50 for a period of five years.

The ABE Gold properties consist of exclusive rights to earn 100 per cent of 110ha ARE-283 special reserve area and six adjacent mining concession applications covering 3,140ha.

The properties lie along a well-endowed mineral belt in the Antioquia Department, 70 km south of Medellin and 7.6 km south of the town of Abejorral.

ABE Gold, located in NW Colombia, covers the long-active Purimac gold mine and six historic mines named El Chorro, Fonda, Cafetal, Tono, Rojas and La Quiebra.

As a result of soil geochemistry, induced polarization, and magnetic surveys conducted in 2022 by Berlin Precious Metals Corp., the Purimac target zone has widened to a 680m structural corridor, striking NE and trending over 4,000m.

“We are optimistic about ABE Gold’s large-scale potential and look forward to a successful 2023 season,” said Prudent President Brett Matich.

“Prudent’s fully funded 2023 exploration program commences in late January, focusing on validating the continuity of the newly discovered Purimac structural corridor,” he added.

Prudent Minerals Corp. is a Canadian company conducting exploration on its SAT Property in British Columbia, Canada.

Prudent Minerals Corp. (PRUD) opened trading at C$0.06.


More From The Market Online

Luca Mining reveals high-grade gold zones at Tahuehueto Mine

Luca Mining (TSXV:LUCA) reveals new high-grade gold mineralization off the main Creston vein at its Tahuehueto Gold Mine in Mexico.

Cloud DX among leading remote patient monitoring suppliers in Canada

Cloud DX (TSXV:CDX) gives an update on its remote patient monitoring deal with the British Columbia Provincial Health Services Authority.

Introducing the newest player in global drone technology

Drone Delivery Canada (TSXV:FLT) and Volatus Aerospace (TSXV:VOL) will merge into a global drone technology and services company.

Aston Bay unearths thick new copper zones in Nunavut

Aston Bay Holdings Ltd. (TSXV:BAY) provides an update on results from drilling activities at its Storm Copper Project.