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Golden Predator Mining Corp. ("Golden Predator") to enable it to undertake due diligence and negotiate formal agreements to pursue an acquisition of the Marg copper-rich VMS project (the "Marg Project"), located in Central Yukon (the "Transaction"). President, CEO and Director, Gordon Tainton, said: "We're very excited about the agreement to acquire the Marg Project. Marg is a high-grade copper-rich VMS project with significant gold and silver credits. The project has a NI43-101 resource and a PEA report that was completed in 2016. The positive outlook for base metals and the exploration upside associated with the Project make it a compelling value creating opportunity for Azarga Metals."
ABOUT THE MARG PROJECT
The Marg Project is an undeveloped volcanogenic massive sulphide ("VMS") deposit located in the Mayo Mining District in Central Yukon, approximately 40 kilometers east of Keno City (which itself is approximately 465 kilometers by road north of Whitehorse) (See Figures 1 and 2).
The Project consists of 402 Mineral Claims covering an area of approximately 8,403 hectares (~84 square kilometers).
The most recent NI43-101 Mineral Resource estimate for Marg (see Table 1) was completed by Mining Plus Canada Consulting Ltd. ("Mining Plus") in 2016 and incorporated into a Preliminary Economic Assessment ("PEA") for the Project (note: the PEA title is "Revere Development Corp, Marg Project Preliminary Economic Assessment, Technical Report, Yukon Canada" and dated 31 August 2016).
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1517-tsx-venture/azr/103122-azarga-metals-signs-term-sheet-to-acquire-marg-copper-rich-vms-project-in-yukon.html
Hmmm...?