(TheNewswire)
Vancouver, BC – TheNewswire - July 21, 2023 – Hanstone Gold Corp. (TSXV:HANS) (OTC:HANCF) (FRA:HGO) (the“ Company ” or “ Hanstone ”), announces that it has amendedthe payment terms of its 100% earn-in option agreement on the1,704-hectare Doc Gold Project dated July 3, 2019 (the“Agreement”) as follows:
Payment date | Previous agreement | Revised agreement |
Previous payments made | $250,000 | $250,000 |
July 3, 2023 | $500,000 | - |
August 3, 2023 | - | $100,000 |
October 15, 2023 | - | $100,000 |
December 15, 2023 | - | $100,000 |
July 3, 2024 | $500,000 | $700,000 |
July 3, 2025 | $575,000 | $575,000 |
Total payments | $1,825,000 | $1,825,000 |
No other amendments were made to the Agreement.
About the Doc Gold Project
The Doc Gold Project covers 8 mineral claims covering1,704 hectares in northwestern British Columbia. The Project islocated approximately 70 kilometres north of Stewart, BC, and isaccessible by a 45 minute helicopter flight from the helipad locatedin Stewart, BC. Trails provide excellent access to all major locationson the Property.
About Hanstone Gold Corp
Hanstone is a precious and base metals explorer withits current focus on the Doc and Snip North Projects optimally locatedin the heart of the prolific mineralized area of British Columbiaknown as the Golden Triangle. The Golden Triangle is an area whichhosts numerous producing and past-producing mines and several largedeposits that are approaching potential development. The Company holdsa 100% earn-in option on the 1,704-hectare Doc Project and owns a 100%interest in the 3,336-hectare Snip North Project. Hanstone has ahighly experienced team of industry professionals with a successfultrack record in the discovery of gold deposits and in developingmineral exploration projects through discovery to production.
For Further InformationContact:
Ray Marks, President
+1-(778)-896-7778,ray.marks@hanstonegold.com
Or visit the Company’s website at www.hanstonegold.com
Forward Looking StatementsDisclaimer
The information contained hereincontains “forward-looking statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 and“forward-looking information” within the meaning of applicableCanadian securities legislation. “Forward-looking information”includes, but is not limited to, statements with respect to theactivities, events, or developments that the Company expects oranticipates will or may occur in the future. Generally, but notalways, forward-looking information and statements can be identifiedusing words such as “plans”, “expects”, “is expected”,“budget”, “scheduled”, “estimates”, “forecasts”,“intends”, “anticipates”, or “believes” or the negativeconnotation thereof or variations of such words and phrases or statethat certain actions, events, or results “may”, “could”,“would”, “might” or “will be taken”, “occur” or “beachieved” or the negative connotation thereof.
Forward-looking information andstatements are based on the then current expectations, beliefs,assumptions, estimates and forecasts about Hanstone’s business andthe industry and markets in which it operates and will operate.Forward-looking information and statements are made based uponnumerous assumptions, including among others, the results of plannedexploration activities are as anticipated, the price of gold, the costof planned exploration activities, that financing will be available ifneeded and on reasonable terms, that third party contractors,equipment, supplies and governmental and other approvals required toconduct Hanstone’s planned exploration activities will be availableon reasonable terms and in a timely manner and that general businessand economic conditions will not change in a material adverse manner.Although the assumptions made by the Company in providingforward-looking information or making forward-looking statements areconsidered reasonable by management at the time, there can be noassurance that such assumptions will prove to be accurate. Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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