Canada-based Wolverine Exploration has signed an agreement with 0969015 B.C. for the acquisition of the Eureka Project Claims located in British Columbia’s Cariboo Mining District.
As per the terms of the transaction, Wolverine will issue 35,000,000 common shares to 0969015 at a deemed price of $0.01 as full consideration for the acquisition of the Eureka Project Claims.
The Eureka Project Claims occupy a total area of 3,910.67ha, and are located 30 km east of Quesnel in Central British Columbia.
Cariboo Mining District, which has a history as a world-class producer of gold, has an overall historic gold production of about 3.8 million oz.
Wolverine is a junior exploration company that is focused on the acquisition and exploration of base and precious metal mineral properties in Labrador, Canada.
The company has a 90% stake in 429 mineral claims which cover an area of about 10,725ha in central Labrador and comprise a series of significant copper-gold showings.