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BeMetals Enters Non-Binding Agreement for Option of Savant Gold Project in Ontario, Canada
VANCOUVER, BC / ACCESS Newswire / July 10, 2025 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Fr...
About this update from Prospector Metals Corp
[{"type":"text","content":"BeMetals Enters Non-Binding Agreement for Option of Savant Gold Project in Ontario, CanadaVANCOUVER, BC / ACCESS Newswire / July 10, 2025 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) (\"BeMetals\" or the \"Company\") is pleased to announce it has entered into a non-binding Letter of Intent (\"LOI\") with Prospector Metals Corp. (TSXV:PPP)(OTCQB:PMCOF)(Frankfurt:1ET0) (\"Prospector\" or the \"Vendor\") to acquire up to a 100% interest in the Savant Gold Exploration Project (the \"Savant Project\" or the \"Property\"), located in a highly prospective gold district in northwestern Ontario, Canada.The Savant Project spans approximately 232 km² in one of Ontario's most prolific gold-producing regions and is located near several past producers as well as current operating mines, including the Red Lake and Musselwhite mines. The Property hosts numerous historical and recently identified high-grade gold occurrences, with geology analogous to iron formation-style deposits in the region such as the Musselwhite Mine, which reportedly produced 212,000 ounces of gold last year and as at the end of 2024, contained Mineral Reserves of 7.4 million tonnes at 6.23 g/t Au, totaling 1.5 million ounces of gold (1).John Wilton, President and CEO of BeMetals, commented, \"This acquisition aligns with BeMetals' strategy of identifying and advancing high-quality mineral projects in world class jurisdictions. Ontario provides excellent discovery potential, and the Savant Project represents a compelling early-stage opportunity in a proven gold belt. We like this Project for its district scale appeal with its numerous areas of compelling structural settings along with geochemically favourable, iron formations which are known to concentrate gold mineralizing fluids in this region. Given the improving support in Canada for unlocking value through the discovery and development of new mining projects, we believe now is an ideal time to focus on exploring Canada's underexplored regions. We are looking forward to starting the exploration field work and working closely with Prospector as soon as possible. \"Dr Robert Carpenter PhD, President, CEO & Co-Chairman of Prospector, stated \"We are excited to partner with BeMetals on our Savant gold project. Their group brings technical expertise and the corporate know-how that is needed for a disc...