Minkap Enters Into Property Option Agreements for the Breccia Gold Property, Idaho, USA

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[{"type":"text","content":"Minkap Enters Into Property Option Agreements for the Breccia Gold Property, Idaho, USATORONTO, ON / ACCESSWIRE / July 6, 2020 / Minkap Resources Inc. (TSXV:KAP) (\"MinKap\" or the \"Company\") is pleased to announce that it has entered into a non-binding arm's length letter of intent dated July 2, 2020 with Canarc Resource Corp. (\"Canarc\") relating to the proposed acquisition of an option to acquire a 100% undivided interest in the Lightning Tree property (\"Lightning Tree Property\") from Canarc (the \"Canarc LOI\"). The Company has concurrently entered into a non-binding arm's length letter of intent dated July 2, 2020 with DG Resource Management Ltd. (\"DGRM\") relating to the acquisition of a 100% undivided interest in the contiguous Breccia Gold property (the \"Breccia Gold Property\") from DGRM (the \"DGRM LOI\") (together, the Canarc LOI and the DGRM LOI are referred to as the \"LOI's\" and the transactions contemplated thereby are referred to as the \"Proposed Transaction\"). The Lightning Tree Property and the Breccia Gold Property, which are both located in Lemhi County, Idaho, USA, are collectively referred to as the \"Property\".\"The opportunity to acquire and advance a significant gold asset such as the Breccia Gold Property puts MinKap in the unique position of being able to explore a past-producing gold mine at a time when precious metals are seeing near-unparalleled interest. Historic work at the Breccia Gold Property has identified a significant, low sulphidation, epithermal gold system, which was tested by only a few drill holes, and several bulk samples,\" stated Jonathan Armes, President of MinKap. \"We are looking forward to the commencement of an exploration program at the Breccia Gold Property, which will include a significant drill program aimed at confirming historic grades and widths of the gold mineralization.\"The Breccia Gold PropertySituated approximately 40 kilometres southwest of Salmon, Idaho, the property is accessible by paved highway and a network of well-maintained gravel roads. The property hosts the historic Gahsmith gold mine, which is central to a significant low-sulphidation epithermal gold system. The property consists of 80 claims covering approximately 1,650 acres within the Blackbird Mining District and is host to the historic Gahsmith Gold Mine, which is contiguous to the south ...

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