Frontline Gold and Alturas Minerals Announce Joint Venturing of Copperlode Project, Ontario

About this update from Alturas Minerals Corp.

[{"type":"text","content":"Frontline Gold and Alturas Minerals Announce Joint Venturing of Copperlode Project, Ontario\n \n \n (TheNewswire)\n \n \n \n A JOINT VENTURE PARTNER WITH FUNDS\nTO HELP ADVANCE THIS\n \n \n \n \n PROJECT WITH SEVERAL VMS-STYLE\nDEPOSITS – THAT ARE DRILL READY\n \n \n \n \n \n \n TSX-V:\nFGC     TSX-V: ALT\n \n \n \n \n Toronto, Ontario –\n \n \n TheNewswire -\n \n \n February 4, 2021\n \n \n –\nFrontline Gold Corporation (TSXV:FGC) (“Frontline” or the\n“Company”) and Alturas Minerals Corp. (TSXV:ALT) (“Alturas”)\n \n \n are pleased\n \n \n to announce a\n50/50 Joint Venture Letter of Intent (“JV LOI”) on Frontline’s\n100% owned Copperlode Property (“Copperlode”).  In addition to\nthe JV LOI terms summarized below Alturas will also be responsible for\n50% of all current and future property expenditures on the Copperlode\nproperty.\n \n \n \n \n Copperlode\n \n \n is strategically\nlocated 65 km east of Red Lake and contained within the Confederation\nGreenstone Belt which hosts the former South Bay Cu-Zn mine and\nseveral VMS-style occurrences and deposits\n \n \n (\n \n \n see Figure 1\nbelow\n \n \n ).\n \n Trillium Gold recently acquired a\nlarge land package contiguous to Frontline’s Copperlode Property.\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure\n1.\n \n \n Regional property location\nmap and Trillium Gold claim groups.\n \n \n \n \n \n \n \n \n JV LOI rationale\n \n \n \n \n The Transaction benefits for both Frontline and Alturas\nshareholders are:\n \n \n \n \n -Potential ongoing exploration of an\nOntario focused VMS style exploration\n \n \n property\nwith a drill ready land package and with the capability to accelerate\nexploration through the identification of an inferred resource;\n \n \n \n \n -Compelling Valuation for Alturas and\nFrontline Shareholders:\n \n \n The property to be by\nthe JV comprises over 479 Ha in the Confederation Greenstone Belt\nwhich hosts the former South Bay Cu-Zn mine and several VMS-style\noccurrences and deposits and is adjacent to active mining and\nexploration properties;\n \n \n \n \n -The cost of the property is\nsignificantly below current market value of similar\nprojects\n \n \n .\n \n \n \n \n -Alturas and Frontline Maintain\nSignif...

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