ST. JOHN’S, Newfoundland and Labrador, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL), is pleased to announce that it has entered into an Option Agreement with Sassy Resources Corporation (CSE: SASY, Sassy) whereby Vulcan has agreed to option to Sassy a 100% interest in the Gander Belt Gold properties (624 claims) in central Newfoundland. Pursuant to the terms of the Agreement, total aggregate consideration payable by Sassy to Vulcan is $400,000 cash over four years ($100,000 payable immediately), exploration expenditures of $2 million over four years ($200,000 in Year 1), and 2.5 million shares of the company over four years as follows:
Vulcan Minerals Inc. Options Out Gander Gold Project
Feb 12, 2021
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