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Bessor Minerals Inc V.BST

Bessor Minerals Inc. is a Canada-based junior mining exploration company. The Company’s focus is on exploration and development of the Redhill volcanogenic massive sulphide deposit in British Columbia. It is involved in gold and base metal exploration. Its principal business is the identification, evaluation and acquisition of mineral properties, as well as exploration of mineral properties once acquired. It has a 100% interest in the Redhill property, located 80 kilometers west of Kamloops and 10 kilometers south of Ashcroft, in British Columbia. It also has option agreement for exploration and development of the Easter Gold Project in Nevada. The Easter Gold Project is in east-central Nevada in Lincoln County, nine air miles southwest of Caliente, Nevada. The project area consists of 70 mineral claims covering 1,446 acres. In addition, the Company has a 1% NSR on certain claims in the Blackwater Mine operated by Artemis Gold Inc. It also has interest in Golden Eagle Project.


TSXV:BST - Post by User

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Comment by MEL93013on Aug 14, 2019 5:13pm
102 Views
Post# 30029104

RE:Almost half the year gone already.............

RE:Almost half the year gone already.............

Bessor Renegotiates Redhill Option Payments

August 7, 2019 - Bessor Minerals Inc. (TSXV:BST) (“Bessor”) is pleased to announce that it and Homegold Resources Inc. have agreed to modify certain terms of the Redhill project Option Agreement. The original Agreement required a $40,000 cash option payment in 2019 and 2020. In the modified Agreement, the 2019 option payment will comprise $7,500 cash and 300,000 shares while the 2020 option payment will comprise $12,500 cash, 500,000 shares and a further exploration expenditure of $100,000 or the option is terminated. As well, the final option payment due on the tenth anniversary has been increased by $20,000 to $255,000. The amendments are subject to TSX Venture Exchange approval.


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