Mr. Peter Bell reports
LETTER OF INTENT FOR "MOUNT POLLEY EAST" PROPERTY OPTION
Kermode Resources Ltd. has entered into a non-binding letter of intent to
acquire the Mount Polley East project. The project comprises
mineral tenure No. 1098327 owned by Richard Young. The claims
cover 432 hectares approximately eight kilometres from the Mount Polley mine in
British Columbia.
The LOI provides for a due diligence period extending to Feb. 1, 2023.
During this period, Kermode can conduct any work on the project prior to
entering a definitive agreement for a property purchase option.
Other terms and conditions:
- 4-per-cent net smelter return royalty, where 3 per cent can be bought down
for $3-million entirely or in part.
About Kermode Resources Ltd.
Kermode is a junior mining company hunting for exploration opportunities
around the world.
We seek Safe Harbor.
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