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Central Timmins Exploration Corp. Leases Stockade Property in Southeastern Oregon
Central Timmins Exploration Corp. Leases Stockade Property in Southeastern Oregon ...
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[{"type":"text","content":"\n\n\n\nCentral Timmins Exploration Corp. Leases Stockade Property in Southeastern Oregon\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, July 10, 2020\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, July 10, 2020 /CNW/ - Central Timmins Exploration Corp. (\"CTEC\" or the \"Company\") (TSXV: CTEC) reports that, subject to regulatory approval, it has signed a mineral lease and option agreement with Bull Mountain Resources LLC (\"BMR\"), an arm's length private company, to lease a 100% interest in the Stockade Property located in southeastern Oregon.\n\n \n \n \n \n \n \n\n \nStockade\nThe Stockade Property consists of 261 unpatented lode mining claims that cover an area of over 6,790 acres, located in Malheur County, Oregon approximately 85 kilometers southeast of Burns Oregon, or 150 kilometers southwest of Boise Idaho.  The property was explored by BHP, Phelps Dodge and Placer Dome with only shallow drill holes targeting bulk tonnage potential in the 1980s and 90s. \nThe principals of BMR include Perry Durning and Frank (Bud) Hillemeyer, who received the PDAC Thayer Lindsley International Mineral Discoveries Award in 2010 in recognition of their outstanding record of grassroots discoveries in Mexico, particularly the San Sebastian silver-gold mine, the San Agustin gold mine, the Pitarrilla silver deposit and the Camino Rojo gold discovery. Additionally, Durning and Hillemeyer discovered the Los Gatos silver-base-metal deposit subsequent to the Thayer Lindlsey Award.\nThe Company plans to complete a 43-101 property report compiling the historical field work and drill results, as well as initiate a systematic exploration program by completing airborne and ground geophysical studies, in combination with further prospecting, geochemical sampling, geologic mapping and drilling.\nMineral Lease and Option Agreement Terms\nUnder the terms of the minera...