trending Market Intelligence /marketintelligence/en/news-insights/trending/e-MH-IVnD1Pw9W7gGHZCDQ2 content esgSubNav
In This List

Tower Resources secures option over gold-copper property in British Columbia

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023

Video

Battery metals - unbated long term need for supply security despite short-term headwinds


Tower Resources secures option over gold-copper property in British Columbia

Tower Resources Ltd. secured an option to acquire the Voigtberg gold-copper property in British Columbia from Goldcorp Inc. subsidiary Kaminak Gold Corp.

The company can acquire the 3,144-hectare property by issuing 3 million units and spending C$1.9 million over three years.

Tower will issue an additional 1 million shares upon delineating a mineral resource of over 500,000 gold equivalent ounces.

The property will be subject to a 1% net smelter return royalty, according to a Dec. 19 release.

Tower intends to conduct detailed geological and geochemical work and exploration at Voigtberg during 2018.

The company also entered into an investor rights agreement with Goldcorp, allowing the latter to maintain its interest and increase its stake in Tower up to 9.9%.