Auric is pleased to announce it has entered into an option agreement to acquire up to a 100-percent interest in the Bub Uranium property located 55 kilometers southwest of Pottsville, NL, in Labrador's prospective Central Mineral Belt (CMB). This acquisition follows the Company's recent acquisition of the Route 500 Uranium project, positioning Auric as a significant player in the CMB. The Bub Project exhibits strong potential with targets including radiometric anomalies correlated with anomalous uranium lake sediment samples and a northeast trending corridor prospective for structurally related uranium mineralization.
Tuesday, January 7, 2025 6:55 AM PST is pleased to announce it has entered into an option agreement to acquire up to a 100-per-cent interest, free and clear of all encumbrances, except for an underlying net smelter return royalty, in the, located 55 kilometers southwest of Pottsville, NL, in Labrador 's prospective Central Mineral Belt .
- Targets on the Bub Project include radiometric anomalies correlated with anomalous Uranium lake sediment samples. a) 200,000 shares within ten days from the Effective Date;b) 100,000 shares on or before the second anniversary of the Effective Date;c) 100,000 shares on or before the third anniversary of the Effective Date.
Uranium Acquisition Mining Labrador Central Mineral Belt
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