- Stannum Metals Corp, wholly-owned subsidiary of Whitehorse Gold Corp. (WHG), has signed agreements to acquire a 100-per-cent interest in the Tin Company
- The key asset of the Tin Company is a tin-zinc-silver-lead polymetallic mineral project or ATE located in the Oruro Department, Bolivia
- Stannum will pay a total of $3.65 million to acquire the Tin Company
- In addition, Whitehorse Gold has added Hernan Uribe to its board of directors
- Whitehorse Gold is a mineral exploration and development company
- Whitehorse Gold Corp. opened the day’s trading at C$0.49 per share
Stannum Metals Corp, a subsidiary of Whitehorse Gold Corp. (WHG), has agreed to acquire a 100-per-cent interest in the Tin Company.
The Tin Company is a private Bolivian mining company. The company’s key asset is a 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 Rio Tinto in 1999.
Two historical drill holes by Rio Tinto intercepted significant tin mineralization.
The company will pay US$100,000 to the vendors as an initial, non-refundable, fee to conduct a confirmation drill program.
The program will twin two historical holes over the next three months.
Stannum Metals Corp. will pay a total of $3.65 million to acquire 100 per cent of the Tin Company.
“With our team’s previous successful experience in exploring in Bolivia, we believe that this tin project will be another successful exploration venture,” noted Gordon Neal, Whitehorse Gold’s CEO.
In addition, Whitehorse Gold has added Hernan Uribe to its board of directors. Uribe is a professional geologist with more than 25 years of experience in mineral exploration.
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 the day’s trading at C$0.49 per share.