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Bathurst Signs Letter of Intent to Purchase 100% of Peerless Mineral Claims in the Historic Bralorne Mining Camp
(TheNewswire) Vancouver, British Columbia – TheNewswire - November 17,...
About this update from Bathurst Metals Corp
[{"type":"text","content":"Bathurst Signs Letter of Intent to Purchase 100% of Peerless Mineral Claims in the Historic Bralorne Mining Camp\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n November 17, 2022 – Bathurst Metal Corp.\n(TSXV:\n \n \n BMV\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:BMVVF)\n(“\n \n \n Bathurst\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n Vancouver, British Columbia\n \n \n –\n \n \n Bathurst Metals Corp. today\nannounced it has entered into a binding letter of intent\n(“\n \n \n LOI\n \n \n ”) with arm’s length vendor BCT Holdings Corp (the\n“\n \n \n Vendor\n \n \n ”) to acquire an undivided 100% interest in 12 mineral\nclaims covering approximately 5,500 hectares located in the Bridge\nRiver Mining Camp of British Columbia.\n \n \n \n \n About the Peerless Project\n \n \n \n \n \n \n Located less than 20 kilometres from the historic\nBralorne/Pioneer and King Gold Mines\n \n \n \n \n \n \n \n \n Project’s known gold/silver and base metal\nmineralization is similar to these mines in that the mesothermal,\norogenic quartz-carbonate, structurally controlled veins are in close\nproximity to an ultramafic intrusive/ volcaniclastic-sedimentary\ncontact.\n \n \n \n \n \n \n \n \n Property contains three known showings, Alpha, Beta and\nPeerless with limited historical, systematic surface and underground\nexploration starting in the 1930’s. The property lies at low\naltitude and has year-round road access\n \n \n \n \n \n \n \n \n Historic drilling intercepted mineralization at the\nAlpha Zone such as: Hole 87-8, starting at 19.8 metres of\n \n \n 1.02 oz/tonne gold and 3.82 oz/tonne silver\nover a 3.47 metres core length\n \n \n . Zone remains\nopen along strike and to depth.\n \n \n \n \n \n \n \n \n Recent exploration work has defined an east-northeast\ntrending, in soil multi-element (gold/silver/arsenic/\nantimony/lead/zinc/bismuth/copper) anomaly over 2,500 x 750 metres and\nremains open in all directions.\n \n \n \n \n \n \n Hardy Forzley,\n \n \n Bathurst’s CEO\nstates: “With this acquisition, Bathurst secures a significant\nmineral rights position in one of the most prospective areas of\nBritish Columbia associated ...