Kermode Resources Ltd V.KLM

Alternate Symbol(s): KMDRF

Metals & Mining Industrial Metals & Minerals

Kermode Resources Ltd. is a Canada-based junior mining company. The Company’s main business is the acquisition, exploration and development of natural resource properties. Its exploration properties include Lucky Strike, Star of the West, Caycuse Copper, Loup Creek, and Santana Mines (LOI). The Lucky Strike property is located in Nitinat, British Columbia and covers an area of approximately 3005 hectares. The Star of the West property is located in Port Alberni, British Columbia and covers an area of 3427 hectares. Its Caycuse Copper property is located in Caycuse, British Columbia and covers an area of 1532 hectares. The Loup Creek property is located 30 kilometers (kms) from Lake Cowichan and is accessible through the Gordon River Main Logging Road. The Santana Mines is located at Quadra Island, British Columbia. The Company also has an option agreement to acquire three properties, namely 911 Knockout, Eastgate BC and Slesse Creek.

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Kermode Resources Ltd

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Post by mrsgoldmineron Nov 10, 2022 1:20pm

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Post# 35089048

Kermode enters LOI to acquire Mount Polley East

2022-11-10 12:51 ET - News Release

Mr. Peter Bell reports

LETTER OF INTENT FOR "MOUNT POLLEY EAST" PROPERTY OPTION

Kermode Resources Ltd. has entered into a non-binding letter of intent to acquire the Mount Polley East project. The project comprises mineral tenure No. 1098327 owned by Richard Young. The claims cover 432 hectares approximately eight kilometres from the Mount Polley mine in British Columbia.

The LOI provides for a due diligence period extending to Feb. 1, 2023. During this period, Kermode can conduct any work on the project prior to entering a definitive agreement for a property purchase option.