Workflow
Mineral Asset Acquisition
icon
Search documents
Grafton Resources Announces LOI to Acquire Silver One Project in Chile
Thenewswire· 2026-01-20 14:00
Core Viewpoint - Grafton Resources has entered into a non-binding letter of intent to acquire a 100% interest in the Silver One project in Chile, which is seen as a high-grade silver-copper target with significant development potential [1][2]. Project Overview - The Silver One project is located in the historic Au-Ag-Cu mining Pedernal district of central Chile, accessible via established roads [4]. - The project area hosts nearly 90 ore bodies, primarily polymetallic veins, and is characterized by epithermal low sulfidation vein systems [5]. - Historical mining indicates the presence of silver-copper-bearing sulphide vein systems, with significant grades reported in waste material [6][7]. Geological Interpretation - The project targets mineralized veins hosted within grey volcanic breccias, with a favorable horizon for Ag-Cu sulphide deposition [8]. - Historic waste dump material averages 296 g/t Ag and 2.6% Cu, indicating high potential for valuable mineralization [10]. Acquisition Terms - The proposed acquisition involves a total consideration of C$820,000, including a cash payment of C$100,000 and the issuance of 800,000 common shares valued at C$720,000 [11]. - The shares will be subject to voluntary escrow provisions over 36 months [11]. Next Steps - The company plans to drill the Silver One project in the second half of 2026 and is building a local exploration team [3]. - Future steps include securing access to historic stopes, conducting targeted geophysical surveys, and focused drilling to test mineralization continuity [14]. Company Background - Grafton Resources is a Canadian exploration company focused on mineral asset discovery and development in the Americas, emphasizing responsible exploration and community partnerships [19].
Quebec Nickel Corp. Announces Letter of Intent to Acquire the Ecru Property, Nevada
TMX Newsfile· 2025-12-17 21:58
Core Viewpoint - Québec Nickel Corp. has entered into a non-binding letter of intent to acquire a 100% interest in the Ecru Property, located in a prolific gold district in Nevada, for a total consideration of $505,000 [1][3]. Acquisition Details - The Ecru Property consists of 112 mining lode claims and is situated north of a significant gold deposit cluster [2]. - The acquisition will involve a payment structure that includes $250,000 in cash, $130,000 in common shares issued at $0.125 per share, and $125,000 in common shares to be issued within six months at the 10-day VWAP [18]. Financial Aspects - Québec Nickel has paid a non-refundable commitment fee of $25,000 for a 60-day exclusivity period, which will be credited against the purchase price upon completion [4]. - The company plans to complete a non-brokered private placement for up to $500,000, with proceeds intended for general working capital [10]. Strategic Intent - The acquisition aligns with Québec Nickel's strategy of acquiring high-quality mineral assets in established mining jurisdictions [6]. - The company aims to advance the Ecru Property through systematic technical review and disciplined exploration planning, including the preparation of a NI 43-101 compliant technical report [6]. Property Overview - The Ecru Property is located within the Cortez Gold Camp, adjacent to Nevada Gold Mines' Robertson Deposit, and is associated with significant gold endowment [7]. - Historical exploration activities have identified multiple untested targets, indicating high potential for gold mineralization [8]. Management Changes - Mr. Johan Lambrechts has been appointed to the Board of Directors, bringing over 20 years of experience in exploration and resource development [9][10].