Business
Tincorp Announces Acquisition of Skukum Gold Project by Blue Jay Gold
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Tincorp Metals Inc. (TSXV: TIN)...
About this update from Tincorp Metals Inc
[{"type":"text","content":"Tincorp Announces Acquisition of Skukum Gold Project by Blue Jay GoldVancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Tincorp Metals Inc. (TSXV: TIN) (OTCQX: TINFF) (\"Tincorp\" or the \"Company\") and Blue Jay Gold Corp. (\"Blue Jay\"), a private reporting issuer recently spun out of Riverside Resources Inc., are pleased to announce that the parties have entered into a binding share purchase agreement (the \"Agreement\") dated June 3, 2025 for the proposed sale (the \"Transaction\") of Tincorp's wholly owned subsidiary, Whitehorse Gold (Yukon) Corp. (\"Whitehorse Gold\"). Whitehorse Gold holds a 100% interest in the Skukum Gold Project (the \"Project\") located in Yukon, Canada. \"The Blue Jay team is thrilled to be assuming stewardship of the Skukum Au-Ag Project, a large-scale, high potential asset spanning approximately 170 km2,\" said Geordie Mark, CEO of Blue Jay Gold Corp. Geordie Mark continued, \"The Project already hosts close to one million ounces of gold-equivalent resources and benefits from excellent existing infrastructure, which positions us well to advance it efficiently and responsibly. This acquisition aligns perfectly with our philosophy of conducting greenfields exploration in brownfields environments, similar to our current portfolio of projects in Ontario, where we see real opportunity to unlock value through focused, cost-effective work.\"In our view, Canada is the best mining jurisdiction in the world, and securing a project of this calibre in the Yukon is a major win for Blue Jay. We believe this is a timely and strategic investment that will not only create long-term value for our shareholders but also contribute meaningfully to the local economy and broader stakeholder base.\"\"This transaction represents an important step forward in Tincorp's strategy to sharpen our focus on our Bolivian projects and pursue new exploration and acquisition opportunities,\" said Victor Feng, Interim CEO of Tincorp. \"It also ensures that the Skukum Gold Project is transferred to a steward looking to undertake responsible exploration in the Yukon. At the same time, the Transaction allows us to retain potential upside exposure to the Project through a prospective equity interest in Blue Jay, a company focused on conducting lower-cost, responsible exploration across its gold projects in Ontario and...