Core Insights - Gold Runner Exploration Inc. has received the final payment from Surface Metals Inc. as part of a joint venture agreement regarding the Cimarron gold project, which includes a 10% carried interest for Gold Runner [1][2] Financial Summary - The final payment consists of US$25,000 and 166,666 common shares of Surface Metals on a post-consolidated basis, totaling US$149,000 and 1,000,000 pre-consolidated shares [2] - Surface Metals has the option to acquire an additional 5% interest from Gold Runner for US$500,000 [2] Project Overview - The Cimarron gold project comprises 31 unpatented lode claims, controlling 6 historically producing claims around the San Antonio mine, which was active from the early 1900s to the 1940s [3][4] - Historical drilling efforts have identified a shallow oxide gold resource, with over 50,000 ounces of gold outlined, although the resource was never made compliant with NI 43-101 standards [3][4] Geological Context - The mineralization at Cimarron is associated with Oligocene age volcanic rocks and is characterized as a shallow, low sulfidation oxide gold system [4] - The project is located in a region known for significant gold trends, including the Walker-Lane trend, which hosts several notable mines [5] Company Background - Gold Runner Exploration is focused on the exploration and development of gold and silver properties in prolific mining districts in Canada and the USA [10] - The company also holds a flagship asset, the Rock Creek gold project, and has expanded its land position with additional acquisitions [11][12]