Bonanza Kings

Kuya Silver Initiates Option to Enter Silver Kings Joint Venture and Provides Project Update

Retrieved on: 
Thursday, September 2, 2021

Having made the Initial Earn-In Payment, the Company expects to negotiate and enter into a joint venture agreement with CIC for the joint exploration and development of the Remaining Assets.

Key Points: 
  • Having made the Initial Earn-In Payment, the Company expects to negotiate and enter into a joint venture agreement with CIC for the joint exploration and development of the Remaining Assets.
  • The entire 10,000-plus-hectare land package, consisting of the 100%-owned Kerr Assets (referred to as the "Kerr Project"), together with the joint venture with CIC, is referred to as the Silver Kings Project, and the joint venture itself is referred to as the Silver Kings JV.
  • Kuya Silver has prioritized targets for high-grade silver potential and is conducting surface work, including detailed mapping, geophysics and geochemistry in order to refine drill targets.
  • The report will focus on the exploration potential of the Silver Kings Project and progress is well underway.