Business
Tres-Or Confirms a Preliminary Prospectus Was Filed by Kiboko for the Amended and Restated Option on It's Fontana Gold Project in Québec
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - Tres-Or Resources Ltd. ( TSXV: ...
About this update from Tres-or Resources Ltd.
[{"type":"text","content":"Tres-Or Confirms a Preliminary Prospectus Was Filed by Kiboko for the Amended and Restated Option on It's Fontana Gold Project in QuébecVancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) (\"Tres-Or\" or the \"Company\") announces that as contemplated by the Amended and Restated Option Agreement with Kiboko Gold Inc. (\"Kiboko\") dated November 30, 2021, a preliminary long form prospectus has been filed and can be found on Kiboko's SEDAR profile. Tres-Or also reports that Kiboko has filed an accompanying Technical Report (NI 43-101 report) titled \"Harricana Gold Project Technical Report, Duverny Township, Quebec\".About the Fontana Gold Project (renamed the Harricana Gold Project)The Fontana Gold Project located 16 km northeast of Amos, Québec was expanded to include Tres-Or's Duvay and Chenier gold project areas, and additional land was staked to increase the project to more than 100 km2 of prospective terrain. The Project includes 234 claims and represents a camp-scale opportunity for a discovery in the heart of Canada's most prolific mining district, the Abitibi gold belt.Tres-Or's Fontana Gold Project has a tremendous quantity of historic data ranging from small scale mining to recent exploration drilling. This extensive dataset includes geologic mapping, detailed geophysics and geochemistry, bulk sampling, and assay data from more than 700 diamond drill holes dating back to 1937. The Kiboko technical report provides recommendations for exploration programs with the first phase to consist of a drill program and a Mineral Resource estimate at the Fontana area of the Project. The second phase consists of additional drilling and Mineral Resource estimation at the Fontana, Monpas, and Duvay areas of the Project.About the Amended and Restated Option AgreementUnder the amended and restated option agreement Kiboko is granted a one stage option to acquire all the Company's interest in the Fontana Gold Project (234 claims) subject to certain royalty interests as per Tres-Or news releases dated December 1, 2021, and January 19, 2022. To exercise this Amended and Restated Option Kiboko must:(a) return 2,000,001 Tres-Or common shares and return for cancellation 1,000,001 warrants of the Company previously issued to Kiboko;(b) on or before June 30, 2022, comp...