Business
JNC Resources Signs Definitive Agreement with Southern Precious Metals Ltd.
VANCOUVER, BC / ACCESSWIRE / March 2, 2021 / JNC Resources Inc. (CSE:JNC) (OTCBB:JNCCF) (FRA:5VH) ("JNC" or the "Company") and Southern Precious Metals Limited
About this update from Metalite Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 2, 2021 / JNC Resources Inc. (CSE:JNC) (OTCBB:JNCCF) (FRA:5VH) (\"JNC\" or the \"Company\") and Southern Precious Metals Limited (SPML) are pleased to announce the signing of the definitive agreement (replacing the LOI signed December 8th, 2020), in which JNC will acquire a 100% interest in SPML and their assets, the Malebo and Solomons properties in New South Wales (NSW) Australia. In signing this definitive agreement with SPML, JNC would like to specifically thank and welcome key shareholders Dr. Chris Wilson and Dr. Quinton Hennigh for all their hard work and diligence in reaching this agreement. We look forward to leaning on both Dr. Wilson and Dr. Hennigh for their experience and advice to further these premier properties. \"We are very excited to have the opportunity to work with two such esteemed mining professionals specifically in the Australia Region. Dr Wilson is committed to assembling an industry-experienced exploration team in Australia and will help us advance these properties to their fullest potential\" JNC President and CEO Mike Mulberry states. Dr. Wilson will also be working on the potential to further advance the company through land acquisitions, joint ventures or other strategic moves he deems beneficial for the success of JNC. Dr Wilson notes that exploration and staking activity increased rapidly in Victoria and the Pilbara following major discoveries. The same was not true of NSW where it was possible, until recently, to stake ground at relatively low cost. Yet, NSW is prolifically mineralized and comprises several metallogenic belts which have been largely unexplored outside of the major mining camps. Drs Hennigh and Wilson believe that NSW is the emergent exploration state and potential exists for one or more major discoveries. Dr Wilson is a commercially-driven exploration geologist with over 30 years of experience in area selection and prospect generation, target generation, and the design and management of large resource definition drilling and pre-feasibility programs. He has worked in over 75 countries, on most commodities and deposit styles from grassroots through resource definition to feasibility. More recently Dr. Wilson has been involved in resource to mine to production reconciliation studies, project valuation and fatal flaw analysis. Dr Wilson has exten...