Rokmaster Signs Definitive Agreement on the Hanson Property
The Hanson Property is accessed from extensive logging roads in the 2018
In the northern portion of the Hanson Property, a series of trenches, pits, and drillholes defined the
Historical |
Azimuth |
Dip |
Length |
Significant Interval |
RC8911 |
0 |
-90 |
100 |
0.22 g/t Au, 4.0 g/t Ag, 0.86% Zn, 0.18% Pb over 14.0 m (70.0 - 84.0 m) |
RC8912 |
0 |
-90 |
100 |
0.34 g/t Au, 14.6 g/t Ag, 1.07% Zn, 0.48% Pb over 10.0 m (54.0 - 64.0 m) |
RC8913 |
0 |
-90 |
100 |
0.44% Zn over 22.0 m (78.0 - 100.0 m) |
RC8917 |
0 |
-90 |
100 |
1.84 g/t Au, 80.0 g/t Ag, 0.62% Cu over 2.0 m (90.0 - 92.0 m) |
RC8921 |
0 |
-90 |
100 |
0.72 g/t Au, 41.9 g/t Ag over 10.0 m (2.0 - 12.0 m) |
DH90-4 |
265 |
-58 |
152.5 |
23.9 g/t Ag over 30 m (48.0 - 78.0 m) |
DH90-5 |
270 |
-45 |
93.0 |
0.29% Zn, 8.3 g/t Ag over 33.0 m (27.0 - 60.0 m) |
Field work on the
"The Hanson Property is a great addition to the
Terms of the Agreement:
To earn a 100% interest in the Property, the Company must complete the following:
(1) make an aggregate cash option payment of
-
$15,000 upon signing of the Agreement. -
$25,000 on or beforeApril 1, 2026 ; -
$30,000 on or beforeApril 1, 2027 ; -
$60,000 on or beforeApril 1, 2028 ; -
$80,000 on or beforeApril 1, 2029 ; and
(2) issue an aggregate of 3,600,000 Rokmaster shares as follows:
- 500,000 shares within 30 days of signing or receipt of regulatory approval;
- 500,000 shares on or before
April 1, 2026 ; - 600,000 on or before
April 1, 2027 ; - 1,000,000 on or before
April 1, 2028 ; and - 1,000,000 on or before
April 1, 2029
Upon commencement of commercial production on the Hanson Property, it will be subject to a 1.5% NSR and one-half of which (0.75%) can be purchased by Rokmaster for
Closing of the Hanson Property transaction is subject to receipt of all requisite regulatory approvals.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by
Footnote 1: Paul, C. 2015. 2015 Assessment Report on the Hanson Property. |
Footnote 2: Chapman, J.A. 1989. Exploration Report Reverse-Circulation Drill Program 1989. |
|
On Behalf of the Board of Directors of
President & Chief Executive Officer.
Neither
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: receipt of regulatory approval with respect to the Hanson Property transaction; risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
SOURCE