1844 Acquires 4 Claims With 2 Known Showings and Extend Its Position on Native Copper Project
16 Septiembre 2021 - 8:00AM
1844 RESOURCES INC. (TSX-V:EFF) (the
“
Company” or “
1844”) announces
that it has entered into a purchase agreement (the "Agreement") to
acquire a 100% undivided interest in 4 claims on its Native Copper
Project and from 9248-7792 Quebec Inc. and Prospect Or Corp (each a
“Vendor”).
Two known showings are part of the claims
acquired: Fer à Cheval – 1 and Ruisseau Cantin, 1844 has also
acquired an additional 12 claims. (see Figure 1).
Showing |
Year |
Report |
Work |
Results |
Mineralization |
Ruisseau Cantin |
1995 |
GM53761 |
Trenching |
TR 95-01: 0.32% Cu and 0.8 g/t Ag/40.5 m. Including 1.3%
Cu and 1.4 g/t Ag/4.0 m (channel sample length) |
Fine disseminated chalcocite and some bornite in the cement of a
conglomerate and volcanic fragments within the conglomerate. |
Fer à Cheval-1 |
1995 |
GM56982 |
Trenching |
Tr.95-02: 0.63% Cu / 11.0m (channel sample length) |
Exposed hematized porphyritic basalt containing chalcocite,
cuprite, bornite and malachite |
As consideration for the acquisition each Vendor
will receive 200,000 common shares for a total of 400,000 common
shares and a 2% net smelter returns royalty, 1% of which may be
retired for a one-time payment of $500,000.
About Native Copper: 1844
Resources has 100% undivided interest in 172 claims in the Southern
part of the Gaspé Peninsula, to the North-West of the municipality
of Chandler and Northeast of Port-Daniel. The project now extends
on 98sq/km and 7 known showings are part of the
property.
About 1844 Resources Inc.: 1844
is an exploration company with a focus in strategic and energetic
metals and underexplored regions “Gaspé, Chibougamau Québec”. With
a dedicated management team, the Company’s goal is to create
shareholder value through the discovery of new deposits.
Bernard-Olivier Martel, P. Geo, the Company's
Director of Exploration, is a qualified person (as such term is
defined in National Instrument 43-101 - Standards of Disclosure for
Mineral Projects) and has reviewed and approved the technical
disclosure contained in this news release.
1844 RESOURCES INC.
(signed) “Sylvain
Laberge”
Sylvain Laberge President and
CEO
514.702.9841slaberge@1844resourcesr.com
Some of the statements contained in this press
release are forward-looking statements and information within the
meaning of applicable securities laws. Forward-looking statements
and information can be identified by the use of words such as
“expects”, “intends”, “is expected”, “potential”, “suggests” or
variations of such words or phrases, or statements that certain
actions, events or results “may”, “could”, “should”, “would”,
“might” or “will” be taken, occur or be achieved. Forward-looking
statements and information are not historical facts and are subject
to a number of risks and uncertainties beyond the Company’s
control. Actual results and developments are likely to differ, and
may differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements,
except as may be required by law.
Neither TSX Venture Exchange nor its
Regulations Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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