Kermode signs LOI to option Khrysos, Silver Bell Kermode signs LOI to option Khrysos, Silver Bell
2023-03-02 13:35 ET - News Release
Mr. Peter Bell reports
KERMODE SIGNS NON-BINDING LOI FOR KHRYSOS GOLD AND SILVER BELL FROM AURUM VENA MINERAL RESOURCES CORP IN BC
Kermode Resources Ltd. has signed a non-binding letter of intent for a purchase option on the Khrysos and Silver Bell projects in British Columbia from Aurum Vena Mineral Resources Corp.
The Khrysos project comprises British Columbia mineral title Nos. 1088992, 1095266, 1095267 and 1095268, which total approximately 750 hectares. The Silver Bell project comprises British Columbia mineral title Nos. 1092822, 1089287, 1092823 and 1068145, which total approximately 500 hectares.
There is a 2-per-cent net smelter return royalty payable to the vendor that can be bought down to zero for $3-million. The vendor has a sale participation right, whereby it shall receive 15 per cent of any proceeds received by Kermode from any future sale of disposition of any interest in the property in the next 10 years.
About Kermode Resources Ltd.
Kermode is a junior mining company hunting for exploration opportunities around the world.
We seek Safe Harbor.
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