Bessor Minerals Inc V.BST

RE:News / updates on Sedar.com Oct 1 MD&A

[StrikeGold]

And for the sake of completeness, their other projects:


Golden Eagle Project –

Gold and Silver – Yukon Territory, Canada The 8,178-hectare Golden Eagle project is located just south of the Yukon-British Columbia border, 70 kilometers westnorthwest of Atlin, British Columbia. It is situated at the southern end of the Tintina Gold Belt, which contains many intrusion-related gold deposits, such as Pogo (Alaska), Fort Knox (Alaska), Dublin Gulch (Yukon) and White Gold (Yukon). The property has the potential to host several deposit types, including bulk tonnage intrusion-related deposits with associated skarn deposits, high-grade gold-silver vein-hosted deposits and VMS deposits. Thirteen separate mineralized zones have been identified to date over the property's 25-kilometre-long extent.

The Golder Eagle property was written down to $nil value in 2017. However, the Company believes the Golden Eagle project continues to have exploration potential and maintains a 100% interest in the project subject to a 1% NSR payable to a third-party on certain claims. No exploration work was undertaken in 2023 and 2022. The Golden Eagle property claims are in good standing until 2028.


Key Project – Copper, Zinc and Gold –

British Columbia, Canada Bessor completed the sale of its 100% interest in the 8,854-hectare Key property to New Gold Inc. (“New Gold”) in December 2013. The property is located 125 kilometers southwest of Vanderhoof, British Columbia. As part of the transaction, Bessor was granted a 2% NSR on the Key property. In April 2018, the Company sold one-half of its 2% NSR to New Gold for $300,000 cash. The Company currently holds a 1% NSR on the Key property. New Gold can purchase the remaining 1% for $2,000,000 cash.