CUNNINGHAM MINING LTD ACQUIRES GOLD MINING PROPERTY
- CNRC has acquired an initial 9% interest in Cunningham Mining Ltd
- None.
CNRC ACQUIRES INTEREST IN CUNNINGHAM MINING LTD
The Nugget Trap Placer Mine was tested in the 1930's but never commercially mined for Gold and Silver due to its remote location and commodity prices of the era. Located approximately 69 miles northwest of the town of
Located in northwestern
Seabridge's KSM Project, based in BC's Golden Triangle, is one of the largest undeveloped gold deposits in the world measured by gold reserves, which is in close proximity to the Nugget Trap Placer claim. An updated Preliminary Feasibility Study (PFS) estimates proven, and probable reserves total 38.8 million ounces of gold and 10.2 billion pounds of copper.
Three lithologic units underlie the Property. The Upper Jurassic Bowser Lake Group of thinly bedded mudstones and siltstones overlies the Middle Jurassic pillow lavas and interbedded mudstones of the Lower Salmon River Formation. Quaternary sediments cover the two Jurassic Formations in the Unuk River and Sulphurets Creek Valleys. The sediments range in size from boulders to fine silt and contain fine-grained placer gold in the Sulphurets creek drainage. The gold recovered was fine-grained flakes that were jagged or torn with sharp edges from being ground by glacial action. The source of the gold in the gravels is from the various large gold and copper deposits identified upstream and up ice from the Property including the Mitchell, Sulphurets, Kerr and Snowfield deposits of Seabridge Gold Inc.
CNRC has acquired an initial
About Houston Natural Resources Corp
Houston Natural Resources Corp. (OTC: HNRC) (www.hnrcholdings.com) is a diversified energy company with oil and gas interests. The Company has recently acquired a
About Cunningham Natural Resources Corp
Cunningham Natural Resources Corp (www.cunninghamnaturalresources.com) will be focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy.
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
Contact:
Cunningham Natural Resources Corp
500 Virginia Street East, 10th Floor.
Phone: (304) 244-4862
E-mail: info@cunninghamnaturalresources.com
Twitter: https://twitter.com/CunninghamCorp
View original content:https://www.prnewswire.com/news-releases/cunningham-mining-ltd-acquires-gold-mining-property-301930044.html
SOURCE Houston Natural Resources Corp