Frontline Gold and Alturas Minerals TSX-V Conditional approval to the Joint Venturing of Copperlode Project, Ontario

About this update from Alturas Minerals Corp.

[{"type":"text","content":"Frontline Gold and Alturas Minerals TSX-V Conditional approval to 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 August 25, 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) (“Alturas”)\n \n \n are pleased\n \n \n to announce\nthat the TSX Venture Exchange has conditionally approved the\npreviously announced 50/50 Joint Venture Letter of Intent (“JV\nLOI”) on Frontline’s 100% owned Copperlode Property\n(“Copperlode”) (\n \n \n see press\nrelease dated February 4, 2021\n \n \n ).  In addition\nto the JV LOI terms summarized below Alturas will also be responsible\nfor 50% of all current and future property expenditures on the\nCopperlode property.\n \n \n \n \n The TSX-V Conditional approval is subject to the\ncompletion of the following:\n \n \n \n \n \n \n 1)\n \n Issuance of a press release regarding the\nstatus of the transaction and\n \n \n \n \n \n 2)\n \n Receipt of a definitive agreement of the\ntransaction, including relevant underlying agreements and any\namendments for the Exchange’s review and approval\n \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 JV LOI Terms considered in\nthe signed Letter of Intend\n \n \n \n \n Alturas and Frontline will enter into a 50:50 Joint\nVenture Letter of Intent to acquire the joint venture interest and\nexplore the Copperlode Property.  A definitive agreement will be\ncreated in a form that is customary for transactions of ...

More updates from Alturas Minerals Corp.