Canasil says Freeport-Amarc JV identifies new sulphide systems on Brenda gold-copper property in British Columbia
XLB•JV option terms
The JV option allows a 100% acquisition via $400,000 annual cash payments, then an $8 million to $12 million purchase price window.
New sulphide systems identified on Brenda property
Canasil says new IP geophysics by the Freeport-Amarc joint venture identified major sulphide mineralized systems on its Brenda gold-copper property.
- NWG sulphide footprint expanded to 7 km2 from 4.5 km2, extending onto Brenda from the AuRORA porphyry gold-copper discovery area.
- New ROE target outlined as a 4.5 km2 sulphide system within Brenda, still open to expansion.
- White Pass system hosting the historical Brenda deposit expanded to 5 km2 from 3 km2, lifting near-term drill targeting potential.
