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Prospector Signs Letter of Intent with BeMetals for Option on Savant Gold Project, NW Ontario
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Prospector Metals Corp.   (...
About this update from Prospector Metals Corp
[{"type":"text","content":"Prospector Signs Letter of Intent with BeMetals for Option on Savant Gold Project, NW OntarioVancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) (\"Prospector\" or the \"Company\")  is pleased to announce it has entered into a non-binding Letter of Intent (\"LOI\") with BeMetals (TSXV: BMET) (OTCQB: BMTLF) (FSE: 1OI.F) (\"BeMetals\" or the \"Vendor\") to option up to a 100% interest in the Savant Gold Exploration Project (the \"Savant Project\" or the \"Project\"), 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 Project 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)(3). 3 The QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure. 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 discovery-stage project. Savant represents a classic iron formation hosted gold district that displays high-grade gold within sheared and folded host rocks. Previous work largely focused on easy to access shoreline prospects and a comprehensive district-scale view has not been completed. We look forward to the systematic approach the BeMetals team brings to exploration.\"John Wilton, President and CEO of BeMetals, commented, \"This acquisition aligns with BeMetals' strategy of identifying and advancing high-quality mineral projects. Ontario provides excellent discovery potential, and the Savant Project represents a compelling early-stage opportunity in a proven gold b...