Frontline Gold and Alturas Minerals Sign Definitive Agreement on the Joint Venturing of Copperlode Project, Ontario

About this update from Alturas Minerals Corp.

[{"type":"text","content":"Frontline Gold and Alturas Minerals Sign Definitive Agreement on the Joint Venturing of Copperlode Project, Ontario\n \n \n (TheNewswire)\n \n \n \n \n \n \n A JOINT VENTURE PARTNER WITH FUNDS\nTO HELP ADVANCE THIS PROJECT WITH SEVERAL VMS-STYLE DEPOSITS – THAT\nARE DRILL READY\n \n \n \n \n Toronto, Ontario –\n \n \n TheNewswire -\n \n \n September 9, 2021\n \n \n –\nFrontline Gold Corporation (TSXV:FGC)\n \n \n (OTC:FLDPF)\n \n \n (“Frontline” or the\n“Company”) and Alturas Minerals Corp. (TSXV:ALT)\n \n \n (OTC:ALTSF)\n \n \n (“Alturas”)\n \n \n are pleased\n \n \n to announce\nthat it has collectively signed the Definitive Agreement\n(“Agreement”) on August 31, 2021, on the joint venturing of\nFrontline’s 100% owned the Copperlode Property (“Copperlode”)\n(\n \n \n see press release dated\nFebruary 4, 2021\n \n \n ).\n \n \n \n \n The issuance of this press release and the receipt of\nthe signed Agreement were the final conditions required by the TSX\nVenture Exchange in its conditional approval of the previously\nannounced a 50/50 Joint Venture Letter of Intent (“JV LOI”)\n(\n \n \n see press release dated\nAugust 25, 2021).\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 Summary of principal JV Agreement\nTerms\n \n \n \n \n Alturas and Frontline entered into a 50:50 Joint\nVenture to explore the Copperlode Property.\n \n \n \n \n Alturas agrees to following initial payment terms to\nacquire a 50% interest in the Copperlode Property from\nFrontline:\n \n \n \n \n \n \n i.\n \n \n A money cash payment of\nC$40,000;\n \n \n \n \n \n \n ii.\n \n \n The issuance of 750,000 shares\nof Alturas, which is subject to receiving TSX-V exchange approval.\n Note the shares issued to Frontline by Alturas would b...

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