Alphabet(US:GOOG) Thenewswire·2026-01-22 14:00Core Insights - Bathurst Metals Corp. has entered into an option agreement to acquire a 100% interest in the Gladstone Gold and Northern Gold properties, which are strategically located near its existing Turner Lake/TED Gold Project in Nunavut, Canada [1] Acquisition Details - The acquisition requires a cash payment of $8,000, a minimum of $150,000 in exploration expenditures within 24 months, and the issuance of 4,000,000 common shares and 4,000,000 transferable share purchase warrants to the vendors [1] - The share purchase warrants will allow holders to acquire additional common shares at $0.08 for three years from the date of TSXV acceptance [1] Property Overview - The Gladstone Gold Property spans 1,197.371 hectares and contains three known gold showings with gold values ranging from 2.12 to 143.76 g/t Au, along with associated geochemical values of arsenic, lead, and zinc [2] - The Northern Gold Property covers 1,386.079 hectares and hosts a known gold showing with values up to 6.58 g/t Au, along with arsenic and lead values [4] - Bathurst has also staked the West Gold claim, which is located immediately west of the Gladstone Gold Property and contains two known gold showings with values up to 5.0 g/t Au [3] Strategic Fit - The acquisition of the Gladstone Gold and Northern Gold properties is seen as a logical extension of Bathurst's existing land position, consolidating its district-scale footprint and limiting future land competition [5] - This strategy leverages existing geological knowledge and prior investments, aligning with Bathurst's focused exploration strategy in Nunavut [5] Market Context - There is increasing exploration interest in the Turner Lake area, prompting Bathurst to strengthen its land position through targeted staking and acquisition of adjacent properties [6] - The Turner Lake/TED area is considered strategic due to its geological potential and the limited systematic exploration completed to date [10]