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Hi-View Resources Acquires 100% Interest In Harmon Peak Project In British Columbia's Toodoggone District
Thenewswireยท 2025-10-01 12:30
Core Viewpoint - Hi-View Resources Inc. has acquired 100% ownership of the Harmon Peak Project, a 451.5-hectare property located in British Columbia's Toodoggone District, known for its potential in gold, silver, and copper mineralization [1][3]. Company Overview - Hi-View Resources Inc. is a Canadian mineral exploration company focused on advancing a portfolio of gold, silver, and copper assets in the Toodoggone region, covering over 26,400 hectares [11]. - The company's flagship project, Golden Stranger, is fully permitted with 45 drill-ready sites and has historical highlights of 10 meters grading 11.55 g/t gold and samples up to 111.5 g/t gold and 2,740 g/t silver [11]. Project Details - The Harmon Peak Project is strategically located near significant deposits and projects, including the Lawyers deposit and the Thesis Ranch project, enhancing its exploration potential [1][3]. - The geological setting of Harmon Peak is favorable for porphyry systems, underlain by lower Hazelton volcanics and associated with the Black Lake Intrusive Suite, which is regionally linked to porphyry mineralization [2]. Historical Exploration - Historical work at Harmon Peak has identified strong copper, gold, and silver anomalies, with notable geochemical results including 355 ppm Cu and silver stream sediment anomalies of 1,409 ppb and 932 ppb [8]. - Previous exploration efforts have documented significant mineralization, including samples with 1.79% Cu, 42.2 ppm Ag, and 2.4 ppm Au, indicating a robust mineralized system [9][13]. Agreement Terms - Under the acquisition agreement, the vendors will retain a 2% NSR royalty on the property, with Hi-View having the option to repurchase 1% for a one-time payment of $1,000,000 [9].