News / updates on Sedar.com Oct 1 MD&A
Easter Gold still pending TSX approval it appears per the dissussion;
Redhill option extended
Easter
On April 3, 2024, the Company entered into an option agreement (“Option Agreement”) with K2 Resources Inc. (“K2”)
wherein K2 shall grant Bessor an option to earn a 60% interest in the Easter Gold Property (“Easter Gold Project”) in
Lincoln County, Nevada, USA.
• Advanced stage gold and silver exploration deposit.
• Significant untested exploration potential.
• Located 13.4 miles south of the city of Caliente, Nevada.
• Excellent location with easy access with paved and gravel roads and jeep trails.
K2 is a private company in which Jason Riley, the Company’s President and CEO, is an officer, director and
shareholder.
The Option Agreement is subject to regulatory approval by TSX
Redhill
On September 29, 2024, the Company and Homegold signed a further amendment, with the following revised Option
payments due to Homegold and revised property spend requirements below:
• $5,000 on or before September 30, 2024 (Paid);
• $10,000 on or before September 30, 2025;
• $25,000 on or before September 30, 2026;
• Bessor to spend $50,000 on drilling the property within 12 months of receiving a drilling permit;
• Upon completion of the above cash payments and property spend as revised per the September 29, 2024
Amending Agreement, Bessor will have earned 100% interest in the property;
• Bessor to pay a bonus payment in cash or shares (at the election of Bessor) of $2,000,000 to Homegold within
45 days of Bessor filling a 43-101 Compliant Feasibility Study demonstrating a commercially exploitable mineral
reserve;
• All other terms of the Option Agreement and the Amending Agreements dated July 30, 2019 and September 15,
2020 remain in force, unchanged