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Argyle Announces Option to Acquire McKay Hill Silver-Gold Property in the Yukon's Keno Hill District
Calgary, Alberta--(Newsfile Corp. - April 16, 2026) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that on April 14th, 2026, it entered into an option agreement (the "Agreement") with Metallic Minerals Corp. ("Metallic"), pursuant to which the Company will, subject to receipt of approval from the Canadian Securities Exchange ("CSE"), have the right (the "Option") to earn a 100% interest in the McKay Hill Property (the...
About this update from Argyle Resources Corp.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - April 16, 2026) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that on April 14th, 2026, it entered into an option agreement (the "Agreement") with Metallic Minerals Corp. ("Metallic"), pursuant to which the Company will, subject to receipt of approval from the Canadian Securities Exchange ("CSE"), have the right (the "Option") to earn a 100% interest in the McKay Hill Property (the "Property").","length":571,"tagName":"p"},{"type":"text","content":"Jeff Stevens, Chief Executive Officer of the Company, states, "Acquiring the McKay Hill property marks an exciting new chapter for our company as we expand into the Yukon, one of Canada's most storied and prospective mining districts. This is a rare opportunity to advance an under-explored project in a jurisdiction that has a long history of significant mineral exploration activity. We see strong potential at McKay Hill, and our team is eager to apply modern exploration techniques to expand on the previous work completed by Metallic Minerals Corp. This acquisition fits squarely within our strategy of assembling a portfolio of high-quality assets in established mining regions, and we're looking forward to beginning our work in the Yukon."","length":765,"tagName":"p"},{"type":"text","content":"The McKay Hill Option","length":21,"tagName":"p"},{"type":"text","content":"The Company has entered into the Agreement with Metallic, pursuant to which the Company may, subject to receipt of CSE approval, exercise the Option to earn a 100% interest in the Property. The Agreement contemplates that the Company would have three years to exercise the Option, subject to acceleration as set forth below. To exercise the Option, the Company would have to make / incur the following non-refundable cash, equity and work expenditures:","length":452,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-width:1px;border-style:solid;border-color:#000000;width:20%;font-size:10px;","val":[{"type":"text","content":"Category","length":8,"tagName":"p","attribs":{}}]},{"style":"border-width:1px;border-style:solid;border-color:#000000;width:16.7%;font-size:10px;","val":[{"type":"text","content":"On Sign...