CUNNINGHAM MINING UPDATES KHARROUBBA COPPER... VANCOUVER, BC, May 14, 2024 /PRNewswire/ -- Cunnigham Mining Ltd, a minority interest portfolio company of Houston Natural Resources Corp (OTC: HNRC) ("Company"), provided an update on acquiring an interest of up to 19.8% in Kharrouba Copper Company, Inc ("KCC" or "Company"). Cunningham Mining Ltd will be assuming the financing commitment into KCC.
Cunningham Mining (www.cunninghammining.com) has successfully completed the acquisition of the Placer Claims known as the 'Nugget Trap Placer Mine" in the British Columbia Mineral Title registry, covering 573.7 acres, along with the accompanying permits and authorizations ("Property"). The Property is situated within the Skeena Mining Division of British Columbia, Canada, in the area known as BC's Golden Triangle. The company intends to digitize its claims through the issuance of Digital Asset Tokens.
The company has completed the white paper on its Digital Asset Token and has been approached with significant interest for listing on multiple exchanges throughout the globe, to release an initial lot of 100 million tokens. The tokens, pending symbol "NGTGOLD", are backed by Cunningham Mining's current British Columbian placer gold claim and are expected to be released during the coming quarter. This would provide working capital for mining operations and committed investment in KCC. After the initial investment is completed, Cunningham has been in discussions with KCC to increase its ownership stake with future transactions and further investment.
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