Business
Carlyle Forms Strategic Partnership with Hunter Dickinson Group and Announces Two Agreements to Advance Bulk Tonnage Au and Cu-Mo-Au Projects in B.C.
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) ("Carlyle" or the "Company"
About this update from Carlyle Commodities Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) (\"Carlyle\" or the \"Company\") is pleased to announce that it has entered into two separate British Columbia (\"BC\") mineral property option agreements with United Mineral Services Ltd. (\"UMS\"), a private company affiliated with Hunter Dickinson Inc. (\"HDI\") and 100% owned by Robert Dickinson, Chairman of HDI. Under the terms of the Mack Option Agreement and the Jake Option Agreement, Carlyle has the right to earn a 50% working interest in the Mack copper-molybdenum-gold and Jake gold properties by completing $400,000 of drilling and other surveys on each property. Upon completion of the required expenditures, separate 50:50 Joint Ventures will be formed between Carlyle and UMS (or its assigns) in order to continue to advance each asset. Carlyle and UMS have agreed that HDI affiliated, Amarc Resources Ltd. (\"Amarc\"), which has extensive BC exploration experience, will operate the exploration programs. The planned drill programs will test the significant scale, drill ready, bulk tonnage deposit targets that have been defined at both Mack and Jake from combined historical and modern geochemical, geological and geophysical surveys. Drill permits have been applied for. It is expected that the drill permit for Mack will be obtained later this August, allowing the mobilization of a planned 14 day diamond drill program. Surface surveys are also planned at Jake for this August through September, but expectations are that due to COVID-19, drill permits for Jake may delay drilling until next year. Morgan Good, Chief Executive Officer of Carlyle, commented: \"We are extremely thrilled to form this strategic partnership with Robert Dickinson and The Hunter Dickinson Group. HDI is a world-class organization with numerous major discoveries and significant mining success for more than 30 years. The Mack and Jake Projects offer tremendous discovery potential, as well as offer Carlyle further leverage to gold and now some exposure to the copper and moly space. We are expecting our drill permits for the Mack later this month which will position the Company for maiden drill campaigns both in Canada and at our high-grade gold-silver Cecilia Project in Mexico in the very near future.\" Robert Dickinson, Presi...