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Bathurst Metals Corp. Amends Terms of Option to Acquire the Gladstone Gold and Northern Gold Properties Adjacent to the Turner Lake/TED Gold Project, Nunavut
(TheNewswire)      January 29, 2026 – TheNewswire - Bathurst Me...
About this update from Bathurst Metals Corp
[{"type":"text","content":"Bathurst Metals Corp. Amends Terms of Option to Acquire the Gladstone Gold and Northern Gold Properties Adjacent to the Turner Lake/TED Gold Project, Nunavut\n(TheNewswire)\n\n    \n\n\nJanuary 29, 2026 – TheNewswire - Bathurst Metals Corp.\n(“Bathurst” or the “Company”) reported on January 22, 2026 it\nhad entered into an option agreement to acquire a 100% interest in two mineral claims\nlocated north of the Company’s 100%-owned Turner Lake/TED Gold Project in the\nBathurst Inlet area of Nunavut, Canada.  The claims are known as the\nGladstone Gold and Northern Gold properties.  \n\n\n \n\n\nThe Company announces an amendment to the terms of the Mineral Option\nAgreement.  Under the amended terms, the Company will purchase the\nclaims outright for consideration of $8,000.00 cash and the issuance\nto the vendors an aggregate of 4,000,000 common shares and 4,000,000\ntransferable share purchase warrants.  Each share purchase warrant\nwill entitle the holder to acquire an additional common share of the\nCompany for $0.08 for a period of three years from the date of TSXV\nacceptance of the transaction.  The transaction is at arm’s length\nto the Company and no finders fees are payable.\n\n\n \n\n\nThe Vendors will retain a 2.0% net smelter return royalty in respect\nof any minerals from the properties.\n\n\n \n\n\nGladstone Gold Property\n\n\nThe Gladstone Gold Property covers 1,197.371 hectares and hosts three known gold showings, with reported gold values ranging\nfrom 2.12 to 143.76 g/t Au.\nAssociated geochemical values include arsenic ranging from 0.64% to 2.2%, lead up to 1.04%, and zinc up to 0.31%.\n\n\n \n\n\nBathurst has also recently staked the West Gold claim, located immediately west of the Gladstone\nGold Property. West Gold hosts two\nknown gold showings with values of up to 5.0 g/t Au, along with arsenic\nvalues up to 2.68% and zinc up\nto 0.31%.\n\n\n \n\n\nNorthern Gold Property\n\n\nThe Northern Gold Property covers 1,386.079 hectares and is located immediately south of the\nGladstone Gold Property. The property hosts a known gold showing with\nreported values of up to 6.58 g/t\nAu, accompanied by arsenic values up to 0.62% and lead values up to 1.0%.\n\n\n     \n\n\nQual...