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Central Timmins Exploration Corp. Completes Sale of Non-Core Claims to Newmont Goldcorp
Central Timmins Exploration Corp. Completes Sale of Non-Core Claims to Newmont Goldcorp ...
About this update from P2 Gold Inc.
[{"type":"text","content":"\n\n\n\nCentral Timmins Exploration Corp. Completes Sale of Non-Core Claims to Newmont Goldcorp\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Nov. 4, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n TORONTO, Nov. 4, 2019 /CNW/ - Central Timmins Exploration Corp. (\"CTEC\" or the \"Company\") (TSXV: CTEC) is pleased to announce the closing of the previously announced sale of certain non-core claims to Goldcorp Canada Ltd., a subsidiary of Newmont Goldcorp Corporation (\"Newmont Goldcorp\"). As announced on December 21, 2018 the Company entered into a definitive agreement for the sale of certain mineral claims ( the \"Claims\") for aggregate proceeds of $258,624. The Claims consist of nine patented mineral claims in Deloro Township, Timmins, Ontario with a total area of approximately 132 hectares.\n\n \n \n\n \n\"Additional working capital and a focus on CTEC's strategy to evaluate underexplored ground in one of the most prolific mining camps in the world allows the Company to efficiently deploy capital to advance work and add value for shareholders,\" stated Charles Gryba, President, CEO and Director of CTEC. \"As we announced on September 26, 2019 CTEC's summer work program returned encouraging results for all three of the Company's projects. We have since been reviewing these data along with new information generated from ongoing geophysical surveys and a review of historical data. Our team will be using this information to help determine further geotechnical work programs and to generate drill targets for the upcoming winter drilling season.\"\nAbout Central Timmins Exploration Corp. \nCTEC is an early-stage Canadian junior exploration company with property exclusively within the city limits of Timmins in the Porcupine Mining District in the northeastern region of Ontario. The Company's assets are prospective for gold as well as a suite of base metals...