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InvestmentPitch Media Feature Video Discusses Tres-Or Resources' Option of Fontana Gold Project to Kiboko and New Focus on Guigues Kimberlite Pipe in Quebec - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2019) - Today's feature company is Tre...
About this update from Tres-or Resources Ltd.
[{"type":"text","content":"InvestmentPitch Media Feature Video Discusses Tres-Or Resources' Option of Fontana Gold Project to Kiboko and New Focus on Guigues Kimberlite Pipe in Quebec - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - July 12, 2019) - Today's feature company is Tres-Or Resources (TSXV: TRS) (OTC Pink: TRSFD), a Canadian resource company focusing on diamonds in Quebec following the grant to Kiboko Exploration to earn a 65% interest in the company's Fontana Gold Project.The video is available for viewing by clicking on this link. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Tres-Or\" in the search box.Cannot view this video? Visit:http://www.investmentpitch.com/video/0_2qewl364/Feature-CompanyTres-Or-Resources-TSXVTRS-OTCPinkTRSFFWork on the Fontana Gold Project, located in the Abitibi Greenstone, included more than 300 drill holes, channel samples, bulk samples and underground workings from the 1930s to 1990. There have been over 22,000 tonnes of historical bulk samples taken on the property with an average gold grade of 2.04 grams per tonne.Kiboko (www.kibokoexploration.com) is a private company whose management and technical team consists of structural geologists, mineral resource evaluators, and mining executives that have contributed to the securing of hundreds of millions of dollars of capital for mining and exploration ventures around the world. In particular, Kiboko's team has a demonstrated history of advancing structurally-complex orogenic coarse-gold deposits like the Fontana Gold Project from exploration through resource definition, feasibility, and permitting. To earn its 65% Kiboko must make cash payments of $1 million or subscribe to $1 million in shares of Tres-Or within the next 4 years. It must also complete a NI 43-101 compliant technical report that establishes a mineral resource estimate of a minimum of 1 million ounces of gold, classified as inferred or higher, or incur expenditures of $4 million within 4 years, of which the initial $250,000 is a firm commitment. Upon earning a 65% interest, subject to underlying royalties, Kiboko will have the option to affect a merger, form a joint venture, or acquire an additional 25% interest in Tres-Or.Tres-Or can now focus on a proposed 2019 exploration program on the company's 100% owned Guigues kimberlite pipe...