Business
Whitehorse Gold Closes the Acquisition of San Florencio Property
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2023) - Whitehorse Gold Corp. (TSX...
About this update from Tincorp Metals Inc
[{"type":"text","content":"Whitehorse Gold Closes the Acquisition of San Florencio PropertyVancouver, British Columbia--(Newsfile Corp. - February 15, 2023) - Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) (\"Whitehorse Gold\" or the \"Company\") is pleased to report that it has closed the previously announced acquisition of the private Bolivian mining company which holds a 100% interest in the San Florencio Property located in the La Paz Department, Bolivia (the \"SF Tin Company\"), further to its news releases of August 25 and December 29, 2022. The San Florencio Property has been subjected to various degrees and scales of historic mining, and was explored and drilled by Rio Tinto in 1999. The San Florencio Property has a tin-zinc-silver-lead polymetallic mineral property, or ATE (Temporary Special Authorization) in Bolivia.Terms of the Updated AgreementWhitehorse Gold has paid US$1,100,000 (including US$100,000 for the initial drilling program) to acquire a 100% interest in the SF Tin Company. On the first anniversary of the agreement, Whitehorse Gold will pay a further US$1,000,000.On the second anniversary of the agreement, Whitehorse Gold will pay a further US$1,400,000. Further to the Company's news release of December 29, 2022, no shares of Whitehorse Gold will be issuable as part of this payment.A finder's fee to an arm's length finder of up to US$175,000 will be paid in this transaction. Closing of the transaction and the finder's fee remain subject to the approval of the TSX Venture Exchange.About Whitehorse GoldWhitehorse Gold is a mineral exploration and development company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada. The Company has recently signed agreements to acquire up to a 100% interest in the Porvenir Project and SF Tin Project, which are 70 km southeast of Oruro, Bolivia. The Company's 100% owned Skukum Gold Project is approximately 84 km south of Whitehorse by road. An independent mineral resource estimate update in respect of the Skukum Gold Project was completed in October 2022. On Behalf of Whitehorse Gold Corp.signed \"Gordon Neal\"Gordon Neal, CEO & DirectorFor further information, please contact:Investor Relations, Whitehorse Gold Corp., Phone: +1 (604)-336-5919Email: [email protected] the TSX Venture Exchange nor its Regulation Services Provider (...