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Bessor Announces Acquisition of Graphite Prospect
Globenewswireยท 2025-09-10 17:36
Core Viewpoint - Bessor Minerals Inc. has entered into an asset purchase agreement to acquire the Jagrite Graphite Project in British Columbia, enhancing its property portfolio and exploration capabilities [1][3]. Company Overview - Bessor Minerals Inc. focuses on the exploration and development of the Redhill volcanogenic massive sulphide deposit in British Columbia and holds a 1% NSR on certain claims in the Blackwater Mine operated by Artemis Gold Inc. [3]. Acquisition Details - The Jagrite Graphite Project covers 139.4 hectares and is located 30 kilometers southwest of Bella Coola, BC. Previous exploration has identified graphite occurrences over a 400 X 400 meter area within the property [2]. - The acquisition terms include a cash payment of CAD 20,000 upon signing, followed by two additional payments of CAD 25,000 within 12 and 24 months, respectively, and the issuance of 2,000,000 common shares to the vendor upon closing [6]. Geological Insights - The project contains crystalline flake graphite concentrations found within biotite schist roof pendants of the granodioritic gneiss, with graphite concentrated at the crests of folds and in shear zones and thin veins [2]. Qualified Person - Andris Kikauka, P.Geo., has reviewed and approved the disclosure in the news release, ensuring compliance with National Instrument 43-101 [4].