Americore Resources Announces an Agreement to Acquire the Issued and Outstanding Shares of Nevada Hills Gold LLC, Thereby Expanding the Size and Potential of the Trinity Silver Project in Nevada
Newsfile·2025-11-24 13:00

Core Viewpoint - Americore Resources Corp. has announced an agreement to acquire up to 100% of the issued and outstanding shares of Nevada Hills Gold LLC, enhancing the potential of the Trinity Silver Project in Nevada [1][4]. Acquisition Details - The acquisition involves the first 50% of shares for $100,000 USD and 1,500,000 Americore shares, subject to TSX-V approval [4]. - The remaining 50% can be acquired for an additional $100,000 USD and 1,500,000 Americore shares, contingent on positive exploration results by June 30, 2026 [3][4]. Project Expansion - The Seka Claims consist of 41 unpatented mineral claims covering approximately 840 acres, strategically located within the Trinity Silver District [2]. - With the addition of the Seka Claims, Americore controls a significantly enhanced land position in a historically productive silver district that previously produced around 5 million ounces of silver [5][10]. Historical Context - The Trinity Silver Project has a substantial land position, including 1,280 acres of fee land owned by Newmont and 18,350 acres under leases [9]. - Historic mining operations from 1987 to 1988 yielded approximately 5 million ounces of silver from 1,085,790 tons of silver-oxide material at an average grade of 6.32 oz/ton [10]. Mineral Resource Estimates - A National Instrument 43-101 technical report outlines historic mineral resource estimates for both oxide and sulfide domains, with inferred oxide resources totaling approximately 6,490,000 ounces of silver at a cutoff of 0.30 oz/ton [11]. - Inferred sulfide resources are estimated at approximately 10,691,000 ounces of silver at a cutoff of 1.00 oz/ton [12]. Future Exploration Plans - Americore plans to conduct a comprehensive exploration program that includes modern data-driven exploration techniques, sampling, and drilling to confirm mineralization [20][27]. - The integration of historic datasets with modern exploration technologies is expected to enhance discovery and value creation in 2026 [6].

Americore Resources Announces an Agreement to Acquire the Issued and Outstanding Shares of Nevada Hills Gold LLC, Thereby Expanding the Size and Potential of the Trinity Silver Project in Nevada - Reportify