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VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / Wedgemount Resources Corp. (CSE:WDGY) ("Wedgemount" or the "Company"), is pleased to announce that it has entered into an option agreement (the "Agreement")
Wedgemount Announces Closing of Strategic Red Copper Property Acquisition
ACCESSWIRE
VANCOUVER, BC / ACCESSWIRE /
Wedgemount or the Company ), is pleased to announce that it has entered into an option agreement (the
Agreement ) to acquire the Red Copper property located in the prolific southern Toodoggone copper belt of north-central British Columbia (the
Red Property ). Under the terms of the Agreement, Wedgemount can acquire a 100% interest in the Red Property subject to a 2% net smelter return (
NSR ).
Mark Vanry, President & CEO of Wedgemount commented, Wedgemount is excited to add a second highly prospective copper-gold target in the heart of British Columbia s porphyry copper country. Similar to our Eagle property, the terms outlined in the Red Property Agreement adhere to our strategy of strict capital discipline with a focus on accretive acquisition terms and prudent capital expenditures for initial exploration phases. The Red Property in combination with