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Alliance Mining secures option to acquire Manitoba gold property from Tiberius

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Alliance Mining secures option to acquire Manitoba gold property from Tiberius

Alliance Mining Corp. on Jan. 27 said it secured an option to acquire property in Manitoba's Bissett gold camp from Tiberius Gold Corp.

The company entered an exclusivity agreement with Tiberius in November 2016 to undertake due diligence on certain mineral claims in Manitoba.

Alliance can earn a 100% stake in the property by paying C$1.3 million in cash or shares over a four-year period.

The option is subject to, among other things, the completion of a National Instruments 43-101 technical report on the property and regulatory approvals.