(Raven Quarry Property image via Sanguinetti Engineering Ltd.)
A Canadian mineral exploration company focused on the acquisition, exploration and development of gold properties announced on Monday that it had acquired the only nickel copper cobalt PGM producer in British Columbia.
Evolution Global Frontier Ventures Corp. (CSE: EGFV, Forum) stated that it had signed a nonbinding Letter of Intent to acquire the
Raven Quarry Property, located in Harrison, British Columbia.
The property has an architectural and structural black granite Pyroxene Gabbro dimension stone located on the property. The owners had a previous estimate provided by a third-party engineering firm that calculated the estimated volume of recoverable dimension stone to be approximately 165mm tonnes based on a review of past diamond drilling and limited past production.
The Raven project is located 15 km to the northwest of the former producing BC Nickel Mine and occurs within the same geological setting and is prospective for nickel copper mineralization.
EGFV intends to issue a minimum of 1 million commons shares in trust to be applied towards the closing as part of the purchase price which will be subject to a third-party valuation and final negotiations between the parties.
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