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Nuinsco Resources Limited: Nuinsco Announces Exercise of Option and Acquisition of 100% Interest in Original Sunbeam Gold Property Claims
Nuinsco or the
Company ) (CSE:NWI) today announced that that it has exercised its option to acquire a 100% interest in the mineral claims optioned in February 2018 (the
Initial Sunbeam Claims ) that comprise approximately 45% of the area of the Company s 49.4 km
2 Sunbeam gold property (the
Sunbeam Property or the
In February, 2018, the Company entered into an option agreement (the
Agreement ) to acquire 100% of the Initial Sunbeam Claims then comprising the Sunbeam Property. The Agreement granted a 2.5% net smelter return royalty held by the vendors on the Initial Sunbeam Claims, 1% of which is subject to a right to purchase for $1 million. In October 2020, the Company entered into an option agreement with a different vendor on claims adjacent to the Initial Sunbeam Claims encompassing nine additional min ....

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