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     105  0 Kommentare West Mining Enters Into Letter of Intent for Blue Cove Copper Property, Newfoundland - Seite 2

      Cash Shares Work Commitment
    On execution of the Option Agreement (the “Execution Date”) $10,000 250,000  -
    12 Months after Execution Date $20,000 300,000 $100,000
    24 Months after Execution Date $30,000 400,000 $100,000
    36 Months after Execution Date $100,000 750,000 $250,000
    48 Months after Execution Date     $300,000
    Aggregate $160,000 1,700,000 $750,000

    On West successfully exercising the option, the Optionor will be entitled to retain a 3.0% net smelter returns royalty on the Property, with West having the right to purchase one-third (1.0%) of such net smelter returns royalty from the Optionor for $1,000,000 at any time.

    West will provide updates respecting the proposed transaction and the Option Agreement in due course.

    Linda Dandy, P.Geo., a “Qualified Person” for the purpose of National Instrument 43-101, has reviewed and approved the technical contents of this news release.

    About West Mining Corp.

    Lesen Sie auch

    West Mining Corp. is a mineral exploration company acquiring and developing advanced and prospective early-stage exploration projects.  It is fully focused on its 100% owned, 9000 hectare Kena Project located near Nelson, British Columbia. The Kena Project comprises three adjoining Properties:  Kena, Daylight and Athabasca.  A recent NI43-101 resource estimate for Kena gave 561,900 oz Au indicated and 2,773,100 oz Au inferred at a cut off of 0.25 g/t Au contained within the Gold Mountain, Kena Gold and Daylight Zones. The Kena Property also hosts the large Kena Copper Zone, along with with the historic Euphrates and Gold Cup gold-silver mines. The Daylight property contains the historic past producing Daylight, Starlight, Victoria, Irene and Great Eastern gold mines.  Along trend to the north is the Athabasca Property, with the historic Athabasca Gold Mine.  The historic mines and known mineralized zones on these three properties are structurally controlled along a 20 kilometre strike as identified by strong geophysical signatures.

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    West Mining Enters Into Letter of Intent for Blue Cove Copper Property, Newfoundland - Seite 2 VANCOUVER, British Columbia, Jan. 25, 2022 (GLOBE NEWSWIRE) - West Mining Corp. (“West” or the “Company”) (CSE: WEST) (OTC: WESMF) is pleased to announce it has entered into a non-binding letter of intent (the “LOI”) dated as of January 21, 2022 …

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