adjoining WG Duncastle Acquires CKR Property and Extends Completion Date for Wellgreen Area PGM-Ni-Cu Acquisitions
Duncastle Gold Corp. (“Duncastle” or the “Company”) (DUN:TSX.V) announced today that it has signed a property purchase agreement (the “Agreement”) with Ashburton Ventures Inc. (“Ashburton”) (ABR.TSX.V) to acquire the CKR mineral property per the binding Letter of Intent announced June 23, 2014 (the “LOI”).
By the terms of the Agreement, Duncastle will issue 350,000 shares to acquire 100% ownership of 304 mineral claims totaling over 95 square kilometers in the Southwest Yukon, several of which adjoin Wellgreen Platinum’s world-class PGM-Ni-Cu Wellgreen deposit. The Agreement, and the issuance of shares per the Agreement, are subject to acceptance of the TSX Venture Exchange.
The CKR property is the first of four properties to be acquired under the LOI. Work is underway on acquiring the remaining three and completing the remaining terms of the LOI.