New Break consolidates Moray to 28,286-hectare package, grants 300,000 options
New Break Resources acquired five claims for $3,500 and staked 36 additional claims covering 774 hectares, uniting its Moray project into a contiguous 28,286-hectare land package. The company granted 300,000 stock options at $0.285 exercisable over five years to consultants supporting its Moray drilling programs.
1. Moray Land Package Consolidation
New Break Resources purchased five mineral claims for $3,500 covering 108 hectares and staked 36 additional claims for $1,800 covering 774 hectares. These acquisitions join previously non-contiguous parcels into a single 28,286-hectare Moray project land package, streamlining exploration planning and permitting.
2. Assessment Credit Flexibility
The consolidated land position enables distribution of assessment credits across nearly all mineral claims, providing the company with greater flexibility in timing and scope of exploration activities beyond drilling the Zavitz gold zone. This strategic maneuver can optimize expenditures and accelerate follow-up programs.
3. Consultant Stock Option Grant
Effective May 20, 2026, New Break granted 300,000 incentive stock options to three drilling consultants, each exercisable at $0.285 per share for five years. The options vest immediately, recognizing the consultants’ contributions to ongoing Moray drilling efforts.
4. Project Location and Strategic Interests
Moray sits 49 km southeast of Timmins, Ontario, and 32 km from Alamos Gold’s Young-Davidson mine, offering proximity to infrastructure. Shareholders also gain exposure via a 20% carried interest in the Nunavut-based Sundog gold project and 6 million shares of Guardian Exploration.