Paget Minerals Vends Mt. Dunn Property, BC
December 04 2013 - 7:30AM
Marketwired
Paget Minerals Vends Mt. Dunn Property, BC
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 4, 2013) - Paget
Minerals Corp. (TSX-VENTURE:PGS), ("Paget") announced today that it
has entered into a Purchase and Sale Agreement with Metallis
Resources (TSX-VENTURE:MTS) to sell 100% of the Mt. Dunn Property
covering 1,822 hectares located in northern British Columbia.
David F. Volkert, President of Paget commented: "The sale of the
non-core Mt. Dunn Property provides Paget continued exposure to any
future discovery on the Property itself, as well as the surrounding
12,000-hectare Kirkham Property, while eliminating our holding
costs. Paget remains focused on the recently consolidated Ball
Creek Property in BC (see press release dated November 25, 2013)
and its exploration program in Sonora State, Mexico."
Paget will receive $15,000 cash and 200,000 shares of Metallis,
subject to TSX-V approval (see Metallis press release dated
November 29, 2013).
About Paget Minerals Corp.
Paget Minerals Corporation is a publicly traded resource company
focused on mineral exploration and the advancement of its Ball
Creek Project in British Columbia, as well as the San Ricardo
Project in Sonora, Mexico. Ball Creek comprises a 52,442-hectare,
contiguous mineral tenure package in the Golden Triangle - Iskut
Mineral District located just 8km west of Highway 37 and only 36km
northwest of the new Northwest Transmission Line Substation at Bob
Quinn. Ball Creek neighbors three major mine development projects
in the region -- Galore Creek, Schaft Creek and Red Chris. Paget is
also continuing its San Ricardo Project and has an option to earn
up to 60% of the 38,100-hectare project located within the prolific
porphyry and epithermal gold-silver-copper belt of northern Sonora
State, Mexico, from Sundance Minerals Ltd. David Volkert, President
and CEO, serves as the Qualified Person under the definitions of NI
43-101.
On Behalf of the Board of Paget Minerals Corp.,
David F. Volkert, President & CEO
Paget Minerals Corp.David VolkertPresident & CEO778 327
4449778 330 5492www.pagetminerals.com
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