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Casa Signs Letter of Agreement with Kitselas First Nations for the Pitman Project
VANCOUVER, BC / ACCESSWIRE / July 23, 2019 / Casa Minerals Inc. (TSX-V: Casa); (OTC PIN...
About this update from Casa Minerals, Inc.
[{"type":"text","content":"\nCasa Signs Letter of Agreement with Kitselas First Nations for the Pitman ProjectVANCOUVER, BC / ACCESSWIRE / July 23, 2019 / Casa Minerals Inc. (TSX-V: Casa); (OTC PINK: CASXF); (Frankfurt: 0CM) (the “Company” or “Casa”) Casa Minerals Inc. is pleased to announce that it has completed a Letter of Agreement (“LOA”) with the Kitselas First Nation that provides for discussion and exchange of information for the mutual benefit of Casa shareholders and the Kitselas First Nation concerning Casa’s Pitman mineral exploration project (“Project”) within parts of Kitselas Territory, near Terrace, British Columbia.Farshad Shirvani, Casa Minerals Inc.’s President and CEO stated: “This agreement follows a cordial and respectful series of discussions between Kitselas First Nation and Casa and we believe it is the basis of an ongoing strong and productive partnership that will be to the mutual benefit of the respective parties. The Kitselas have unique experience in developing large projects in their territory while balancing environmental and traditional values and I am excited by the prospect of working with and learning from the Kitselas”.The LOA establishes:Project review activities and initial support of discussions leading to a draft Memorandum of Understanding, an Impact Management and Benefit Agreement and a formal Negotiation Funding AgreementTimelines and expectations for engagementExchange of Project informationEnvironmental monitoringBusiness and employment opportunitiesMutual exchange of feedback information.The LOA will be in effect until Casa Minerals Inc. is at a stage of Project development that may lead to entering into the formal Crown regulatory process.Casa’s Pitman Project is host to the Golden Dragon network of gold veins, with vein samples that assayed up to 574 g/t over 2 feet and 269 g/t gold over 3 ft plus other metals, and the Dragon Tale discovery outcrops where initial rock samples returned assays of 231 g/t silver, 3.18% copper and 6.15% zinc. Casa’s exploration team is finalizing details of a summer 2019 drill campaign.Qualified Person:Mr. Erik Ostensoe P.Geo., a director and chief geologist of the Company, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and tec...