NSGCF - Northstar Gold Corp Signs Letter of Intent for Philip Property Acquisition
(NewsDirect)
Northstar Gold Corp's CEO, BrianFowler joined Steve Darling from Proactive to announce the signing ofa Letter of Intent with vendors for the 64-hectare Philip Property.This property is adjacent and southeast of Northstar’s MillerCopper-Gold Property along the historic Boston Creek CopperTrend.
Fowler explained that thePhilip Property LOI strengthens Northstar’s strategy to consolidatethe Boston Creek Copper Trend and complements the previously signedBoston Creek Mines Property LOI. Both LOIs include a six-monthexclusivity period for due diligence and negotiation of acquisitionterms.
The Philip Property iscrucial to Northstar’s exploration strategy for the Boston CreekCopper Trend. It will allow the company to ground truth and drill testthe Zone 2 Extension Conductor up to, and beyond, the Philip Propertyboundary. Northstar plans to drill test the Zone 2 Extension Conductorlater this summer.
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