Business
Mineral Hill Executes Earn-In-Option Agreement for the Acquisition of Mineral Claims in British Columbia
Mineral Hill Executes Earn-In-Option Agreement for the Acquisition of Mineral Claims in B...
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n \n \n \n Mineral Hill Executes Earn-In-Option Agreement for the Acquisition of Mineral Claims in British Columbia\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Toronto\n \n : TSX-V: MHI\n \n \n Frankfurt\n \n : MLN/WKN: A1JKJN\n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 24, 2020\n \n /CNW/ - Mineral Hill Industries Ltd. (\"\n \n MHI\n \n \" or \"\n \n Company\n \n \"), listed on the TSX Venture Exchange (\"\n \n TSXV\n \n \") under the trading Symbol \"MHI\", and on the Deutsche Boerse,\n \n Frankfurt\n \n under the trading Symbol \"MLN\" wishes to announce that subsequent to its news release dated\n \n December 15\n \n \n th\n \n , 2020 it has entered into a definitive Earn-In Option Agreement (\"\n \n EIO Agreement\n \n \") with Cardinal Geoconsulting Ltd. (\"\n \n Owner\n \n \") to acquire up to a 100% interest in the Dot-Apex Claim Group (\"\n \n Apex Claims\n \n \") and the Master-ACE Claim Group (\"\n \n ACE Claims\n \n \"), located in south-western\n \n British Columbia\n \n . The Apex Claims consist of contiguous claim cells totalling 2,406.13 hectares and the ACE Claims totalling 695.09 hectares.\n \n \n As follow-up to previous field surveys, Mr.\n \n Daniel G. Cardinal\n \n , P. Geo, a professional geoscientist and Fellow of The Geological Association Of Canada, carried out substantial field work including reconnaissance mapping and sampling surveys and documented the work and findings in a BC Geological Survey Assessment Report, dated\n \n December 13, 2013\n \n . The Assessment Report references the findings of quartz veins carrying gold values, whereby seven selected grab samples contained between 0.807 to 6.778 gm/t Au.\n \n \n \n Terms of the EIO Agreement\n \n \n \n Under the EIO Agreement MHI has the irrevocable option to acquire an initial 20% interest in the Apex-Claims (the \"\n \n First Apex Option\n \n \") by: (a) paying to the Owner\n \n $10,000\n \n cash; (b) issuing 100,000 common shares to the Owner; and (c) incurring or funding\n \n $84,728\n \n of exploration expenditures on the Apex Claims befo...