- Stannum Metals, a wholly-owned Whitehorse Gold Corp. (WHG) subsidiary, has agreed to acquire the Porvenir Tin Company
- The Porvenir Tin Company is a private Bolivian incorporated mining company, while the vendors are Bolivian nationals and arm’s length parties
- Whitehorse Gold will pay a total of US$1.75 million in three instalments to acquire 100 per cent of the Porvenir Tin company
- Whitehorse Gold is a mineral exploration and development company focusing on tin projects in Bolivia and a gold development project in the Yukon
- Whitehorse Gold Corp. opened trading at C$0.49 per share
Stannum Metals, a wholly-owned Whitehorse Gold Corp. (WHG) subsidiary, has agreed to acquire the Porvenir Tin Company.
The Porvenir Tin Company is a private Bolivian incorporated mining company, while the vendors are Bolivian nationals and arm’s length parties.
The main asset of Porvenir Tin Company is the Porvenir tin-zinc-silver-lead polymetallic mineral Project, or ATE (Temporary Special Authorization), located in the Oruro Department, Bolivia.
The property was subjected to some small-scale, historic mining and was explored and drilled by Japanese mining company, Dowa Metals and Mining Company (Dowa) in 2005.
In total, Dowa completed 88 diamond drill holes in approximately 25,000 metres based on the data acquired by the company from an independent source.
A review of Dowa’s historic drill assay results shows they had selectively sampled cores with obvious massive pyrite/sphalerite.
Dowa identified more than 19 tin-zinc veins assaying up to 941 grams per tonne silver, 6.34 per cent lead, 28.1 per cent zinc, 10.20 per cent tin, and 500 grams per tonne indium.
Whitehorse Gold will pay a total of US$1.75 million in three instalments to acquire 100 per cent of the Porvenir Tin company.
Whitehorse Gold is a mineral exploration and development company focusing on tin projects in Bolivia and a gold development project in the Yukon.
Whitehorse Gold Corp. opened trading at C$0.49 per share.