Core Points - Showcase Minerals Inc. has entered into a mineral property purchase agreement to acquire a 100% interest in the Grassy and Premier East Gold Projects located in the Golden Triangle region of British Columbia [1][2] - The acquisition will involve the issuance of 5,000,000 common shares to the vendor, subject to a hold period of four months and one day [2] - The Premier East Gold Project consists of a 325.28-hectare mineral claim with historical high-grade samples showing significant mineralization, including 0.16 oz/T gold and 505 to 550 oz/T silver [3] - The Grassy Gold Project includes two mineral claims totaling 830.3 hectares, with past exploration revealing epithermal, low-sulphidation mineralization and a notable intersection of 1.56 g/t gold over 3.05 meters [4] - Rene Bernard has been appointed as the new President and CEO of Showcase Minerals, bringing 25 years of experience in public mineral exploration [5] - The company plans to complete a non-brokered private placement financing of up to 3,000,000 units at a price of C$0.07 per unit, aiming for total gross proceeds of up to C$210,000 [7][8] - The private placement will be used for debt payment and general working capital, with insider participation exempt from formal valuation and minority shareholder approval [8][9] Project Details - The Premier East Gold Project is located approximately 10 kilometers north of Stewart, with past exploration focused on the M.C. No 1 showing, revealing high-grade mineralization [3] - The Grassy Gold Project is situated 24 kilometers north of Stewart, with historical exploration dating back to 1927, including underground work and various showings [4] Financing and Management - The private placement is subject to acceptance for filing by the Canadian Securities Exchange [9] - The new management under Rene Bernard aims to enhance the company's strategic direction in mineral exploration [5]