Great ThunderGold Corp. has decided to sell its BRX gold mineral claims to unit Bralorne Gold MinesLtd., completing its long-term plan to divest noncore assets.
Under the agreement, Bralorne will pay C$65,000 cash, issue10,000 Avino shares and grant a 1% net smelter returns royalty, capped atC$250,000.
The mineral claims cover about 2,114 hectares in BritishColumbia's Lillooet mining division, according to the July 19 statement.
Great Thunder said it will now focus on its key NemaskaLake, Chubb andBouvier lithiumprospects in northern Quebec, which were optioned in late May, and the goldproperty in British Columbia.
The company secured full ownership of the BRX property in April bypurchasing the 50% interest from its then joint venture partner,