In addition, the Corporation is reporting that an exploration program on the Property consisting of prospecting, detailed sampling of mineralized zones, as well as identifying specific drill sites commenced today.
The present challenges the junior exploration market is facing has allowed for the prior Glitter King option agreement to be re-negotiated, resulting in very favorable terms for Stinger. The new option terms are as follows: Stinger paid the Optionor
The optionor grants the right to Stinger to earn an undivided 100% interest in the Property, subject to a 3% net smelter returns royalty ('NSR'). The full NSR may be purchased at any time by Stinger for
Stinger will conduct enough assessment work in 2022 to keep the property claims in good standing until at least
During the year 2023, Stinger will conduct enough assessment work to keep the property claims in good standing until at least
On or before
Stinger shall be permitted to accelerate any of the cash payments or exploration work commitment amounts listed above and all such payments and work commitments shall be cumulative meaning that any cash payments or work commitment expenditures that exceed the specific obligations for any given time period shall carry forward and be applied to future obligations.
Stinger shall be the operator of the Property.
About
Stinger holds interests in gold and silver properties in
In addition, Stinger owns 100% of the Gold Hill project located near
The Corporation also has optioned interests in the Ample Goldmax,
Contact:
Tel: 587-271-0999
Email: kburton@stingerresources.com
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