Bessor Minerals Finalizes Acquisition of Jagrite Graphite Project
Bessor Minerals Strengthens Its Portfolio with New Acquisition
Vancouver, BC – Recently, Bessor Minerals Inc. (TSXV: BST) has embarked on an exciting new chapter in its growth strategy by acquiring the Jagrite Graphite Project. This Acquisition is aimed at bolstering the company’s existing portfolio and positioning it for future success in the mining sector.
Overview of the Jagrite Graphite Project
The Jagrite Graphite Project spans an impressive 139.4 hectares, strategically located on Bentinck Arm, which is approximately 30 kilometers southwest of Bella Coola. The property is not new to exploration; previous geological studies and mapping efforts have highlighted the potential of this area. A notable aspect of the project is the presence of graphite occurrences, which have been documented over a 400x400 meter region within the property. The crystalline flake graphite, a valuable component for various industrial applications, has been identified within biotite schist, contributing to the area's attractiveness for further investment and exploration.
Geological Features of Significance
Within the Jagrite prospect, the geological profiling reveals that graphite concentrations can typically be found at the crests of folds. These formations contain fine-grained graphite that post-dates ductile deformation, enriching the shear zones and thin veins across the area. The project’s geological characteristics suggest significant exploration potential, appealing to stakeholders within the mining community.
Key Terms of the Acquisition
The agreement to acquire the Jagrite Graphite Project includes several financial commitments designed to ensure a smooth transition and continuation of exploration efforts. The terms state:
- Bessor will provide a cash payment of Cad$20,000 upon signing the agreement.
- An additional Cad$25,000 will be paid on or before 12 months from the signing date.
- A further Cad$25,000 payment is scheduled for on or before 24 months after the signing.
- Upon closing the transaction, Bessor is set to issue 2,000,000 common shares to the vendor.
CEO's Perspective on the Acquisition
Jason Riley, the Chief Executive Officer of Bessor, expressed enthusiasm about the project, stating that adding the Jagrite Graphite Project will significantly enhance their property portfolio. The company is keen to push forward with planned exploration efforts to maximize the project's potential.
Corporate Profile: Bessor Minerals Inc.
Bessor Minerals Inc. is dedicated to the exploration and development of its mining properties, most notably the Redhill volcanogenic massive sulphide deposit located in British Columbia. This focus not only demonstrates their commitment to resource development but also highlights their strategic approach to diversifying their mineral portfolio. Additionally, Bessor holds a 1% NSR on certain claims connected to the Blackwater Mine, managed by Artemis Gold Inc.
Qualified Person Statement
The disclosure included in this article has been reviewed and approved by Andris Kikauka, P.Geo, a Qualified Person as defined by National Instrument 43-101, ensuring that the information provided is accurate and meets regulatory standards.
Contact Bessor Minerals Inc.
For more detailed inquiries or further information, interested parties are encouraged to reach out to:
Jason Riley
President, CEO & Director
Phone: 604-688-2641
Email: info@bessorminerals.com
Website: www.bessorminerals.com
Frequently Asked Questions
What is the Jagrile Graphite Project?
The Jagrite Graphite Project is a mineral property being acquired by Bessor Minerals Inc., showcasing potential graphite deposits suitable for further exploration and development.
What are the financial terms of the acquisition?
The acquisition includes three cash payments totaling Cad$70,000 and the issuance of 2,000,000 common shares upon closing.
Who is leading Bessor Minerals Inc.?
Jason Riley serves as the President and CEO, driving the company's exploration and acquisition strategies.
What other properties does Bessor Minerals hold?
Bessor is focused on the Redhill volcanogenic massive sulphide deposit and has an interest in the Blackwater Mine through a 1% NSR.
How can investors reach Bessor Minerals for more information?
Investors can contact Jason Riley at 604-688-2641 or via email at info@bessorminerals.com for any queries or detailed information.
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