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QuestEx Gold & Copper Completes Final Option Payment on the Moat Property, Adjacent to Newmont's Tatogga Property, Earning a 100% Interest26.10.2021 | 13:30 Uhr | CNW
VANCOUVER, Oct. 26, 2021 - QuestEx Gold & Copper Ltd. (TSX-V: QEX) ("QuestEx" or the "Company"), is pleased to announce that it has completed the final payment in accordance with a mineral property option agreement on the Moat property (the "Moat Option Agreement"), which is located adjacent to Newmont Corporation's ("Newmont") Tatogga property in British Columbia's ("BC") Red Chris Mining district (Figure 1). A total of 881,612 common shares of QuestEx with a value of $700,000 were issued to the vendors, a group of arms-length individuals, on October 25, 2021. QuestEx now holds a 100% interest in the Moat property. Joe Mullin, CEO of QuestEx comments: "The Red Chris District is one of the most active and exciting areas within British Columbia's prolific Golden Triangle. It boasts recent development of a new mine (Red Chris), new discoveries at Saddle North and Saddle South, definition of large and rich gold and copper resources at Saddle North and Red Chris, and the active participation of two global mining giants, Newmont and Newcrest. With the acquisition of the Moat property, QuestEx now has 100% ownership of its entire 40,452 hectare land package within this rapidly growing mining and exploration district. The Moat property occupies prospective and strategic ground adjacent to Newmont's recently purchased Tatogga property (see fourth bullet point below), and geological evidence suggests that the Saddle North and Saddle South mineral trends on the Tatogga property cross the boundary onto QuestEx's property. The Moat property is an outstanding addition to our already enviable land position in the district." Recent Corporate and Geological Activity in The Red Chris District
The Moat and Castle Properties We seek safe harbor. Qualified Person About QuestEx ON BEHALF OF THE BOARD OF DIRECTORS OF QuestEx Gold & Copper Ltd. Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of TSX-V) accepts responsibility for the adequacy or accuracy of this release. NR 21-17 Cautionary Note Regarding Forward-Looking Statements All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators as well as the risk that the ongoing COVID-19 pandemic may have on the Company's business. Important factors could cause actual results to differ materially from QuestEx expectations. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. QuestEx does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. SOURCE QuestEx Gold & Copper Ltd. Contact T: (250) 768-1511, W: www.questex.ca Dieser Artikel stammt von Rohstoff-Welt.de
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