(via TheNewswire)
The Exploration Agreement addresses the parties’ desire for a mutually beneficial arrangement in respect of current and proposedexploration activities within the Xwísten traditional territory that provides protection of traditional activities and sensitive sites, and thisincludes archaeological surveys, environmental protection measures, and theopportunity forthe Xwísten community toparticipate in any business and employment opportunities that the Property generates.
The Exploration Agreementcovers all exploration activities through to the completion of a Feasibility Study which demonstratesthe economic viability of the project. The parties further agree that eventually the Exploration Agreement will be replaced by an impacts and benefitsagreement to cover any anticipated commercialmining operation. The Exploration Agreement recognizes that Bathurst will retain the rights to accommodate and work with any other Indigenous communities that may have traditional territory within the Property area.
The Company will submit a drilling permit application for the drill testing of the Peerless Showing planned for later this year.
As compensation for impacts of the Company’s exploration activities ontheXwísten’s traditional territory the Company, among other things, has agreed to issue Xwísten 100,000 common shares of the Company (“Bathurst Shares”) upon the acceptance of theExploration Agreement by the TSX Venture Exchange (the “Exchange”). TheBathurstShares will be subject to a hold period asper Exchange policy.
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ON BEHALF OF THE BOARD OF DIRECTORS
“Harold Forzley”
CEO
For more information contact
info@bathurstmetalscorp.com
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