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Encore Renaissance Resources Corp V.EZ



TSXV:EZ - Post by User

Comment by 889900on Mar 04, 2012 8:31pm
200 Views
Post# 19625109

RE: why would one stay away ?

RE: why would one stay away ?

Why would they pick up the adjacent claim if they didn't think they were on to a good find?

12:36 PM EST - Encore Renaissance Resources Corp : the junior miner announced that it has added 243 hectares of highly prospective ground to the Bonaparte Gold Property. EZ has acquired from BCT Mining Corp. a 100% interest in the Bona NE (Bonaparte North-East) mineral claim # 606387. The new claim directly adjoins EZ's claim block and is less than 2000 meters from the Bonaparte Gold discovery zone and the current Bonaparte Gold Bulk Sample Project. Under the terms of the Assignment Agreement, BCT has agreed to assign the claims to EZ for total consideration of $456,640. BCT will also retain a 2% NSR, of which EZ retains the right to buyback 50% for $1,000,000 should the property go into commercial production. Encore Renaissance Resources Corp shares (V.EZ) are trading unchanged at 0.03.

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