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Hanstone Gold Options Snip North Project

(TheNewswire) Vancouver, BC – TheNewswire - October 2, 2025 – Han...

articleHanstone Gold Corp.October 3, 20255/news/hanstone-gold-options-snip-north-project
Hanstone Gold Options Snip North Project

About this update from Hanstone Gold Corp.

Hanstone Gold Options Snip North Project (TheNewswire) Vancouver, BC – TheNewswire - October 2, 2025 – Hanstone Gold Corp. (TSX.V:HANS) (FRA:HGO) (the “ Company ” or “ Hanstone ”) is pleased to announce that it has executed a property option agreement dated as of September 29, 2025 (the “Option Agreement”) with Goldrea Resources Corp. (“Goldrea” or the “Optionee”, an arm’s length party to the Company), pursuant to which Hanstone has granted Goldrea the option to earn a 70% undivided interest in and to Hanstone’s 3,443 hectare Snip North Project (the “Property”). “We are excited to have Goldrea concentrate on the advancement of the Snip North Project, while our team focuses on continued development of the wholly owned Doc Property claims,” said Andre Douchane, Executive Chairman of Hanstone. To exercise the option, Goldrea must incur an aggregate of $1,250,000 in exploration expenditures on the Property, as follows: $100,000 on or before September 30, 2026; an additional $100,000 on or before September 30, 2027; an additional $100,000 on or before September 30, 2028; and an additional $950,000 on or before September 30, 2029. In addition, Goldrea has agreed to transfer $100,000 in eligible assessment credits to extend the expiry date of the Property to June 30, 2026. In the event the British Columbia Ministry of Mining and Critical Minerals does not allow for the transfer of the credits, then the Option Agreement will terminate. On the date on which the Optionee has earned a 70% interest in and to the Property, the parties will be deemed to have entered into a 70/30 joint venture for the purposes of exploring and exploiting the Property for profit and will promptly negotiate and execute a formal joint venture agreement. About Hanstone Gold Corp Hanstone is a precious and base metals explorer with its current focus on the Doc Project optimally located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle. The Golden Triangle is an area which hosts numerous producing and past-producing mines and several large deposits that are approaching potential development. The Company holds a 100% earn-in option on the 1,704-hectare Doc Project. The Company also owns a 100% interest in the 3,443-hectare Sn...

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