- Centurion Minerals (CTN) has acquired the right to earn a 100-per-cent interest in the Casa Berardi West Gold Project
- The Casa Berardi West Gold Project is in the gold-producing, Harricana-Turgeon greenstone belt of the central Abitibi Subprovince of north-eastern Ontario
- The option agreement allows Centurion to acquire a 100-per-cent interest in the Casa Berardi West Project
- In exchange, Centurion will make a cash payment of $114,000 and issue 600,000 common shares over a three-year period
- Centurion Minerals Ltd. is a Canadian-based company with a focus on mineral asset development in the Americas
- Centurion Minerals Ltd. (CTN) opened trading at $0.14
Centurion Minerals (CTN) has acquired the right to earn a 100-per-cent interest in the Casa Berardi West Gold Project.
The Casa Berardi West Gold Project sits on the prolific gold producing, Harricana-Turgeon greenstone belt of the central Abitibi Subprovince of north-eastern Ontario.
Casa Berardi West Project comprises three non-contiguous claim groups (Noseworthy, Newman and Hepburn) made up of a total of 11,600 acres or 4,700 hectares.
Historical exploration includes more than 70 RC drill holes returning encouraging results that include 18 samples greater than 1,000 ppb (1 g/t) gold and the highest returning 38,000 ppb (38g/t) gold.
“We are very excited to have acquired a project that is in the middle of a region of current and historical production and in close proximity to very recent new gold discoveries,” said David Tafel, CEO of the company.
“Historic exploration and significant drill hole information on and near the project claims has given our geological team confidence we can advance exploration quickly,” he added.
Once the approval of the earlier-announced spin-out of the company’s (cannabis) subsidiary at the upcoming Annual General and Special Shareholder Meeting is obtained on August 12th, 2022, and TSX Venture Exchange approval of the Casa Berardi West Project transaction, the company will immediately apply for a resumption of trading.
The option agreement allows Centurion to acquire a 100-per-cent interest in the Casa Berardi West Project.
In exchange, Centurion will make cash payment of $114,000 and issue 600,000 common shares over a three-year period.
The optionors will retain a 2 per cent NSR but Centurion has the right to acquire 50 per cent of the NSR for $1,000,000.
Centurion Minerals Ltd. is a Canadian-based company with a focus on mineral asset development in the Americas.
Centurion Minerals Ltd. (CTN) opened trading at $0.14 per share.
