VANCOUVER, Dec. 12, 2017 /CNW/ - Resolve Ventures Inc.
(TSX-V: RSV) (the "Company" or "Resolve") is
pleased to announce that it has entered into an option agreement,
whereby the Company may acquire a 100% interest in the Son Property
(the "Property") located 51 kilometres southeast of
Houston, British Columbia, Canada
from two arm's length vendors.
The Son Property lies 20 kilometres to the southwest of the
recently acquired Mary Property, announced November 27, 2017. The Son block consists of two
claims totaling 2,495 hectares and lies 10.3 kilometres south of
the New Nadina block. The underlying geology of this claim block is
Cretaceous Kaslaka Group andesitic volcanics intruded by a small
plug of the Cretaceous Bulkley intrusions. A regional fault
transects the claim block along the southwest contact of the
intrusion. Historic exploration on the Son block includes
geological mapping and rock and soil geochemistry. Several
geochemical anomalies were identified but do not appear to have
been followed up, (Source: BC Ministry of Mines Assessment Report
19107).
The Property appears to have additional exploration history.
Resolve plans to review the complete assessment record of
historical work on the Moore Property to assist in the planning of
an exploration program to identified potential drill targets.
Resolve Ventures, President and CEO Clive Massey stated: "We are very excited about
the acquisition of a second claim group in this emerging area play
as it puts us in a position to exploit some very interesting
exploration opportunities in an area proven to be rich with mineral
resources."
Property Transaction Terms:
Under the terms of the agreement, the Company can earn a 100%
interest in the Property by paying $15,000 cash upon TSX Venture Exchange
("Exchange") approval and incurring a minimum $100,000 in exploration expenditures within the
first year. The vendors shall retain a 2% net smelter returns
royalty of which the Company may purchase 1% for $1,500,000.
The agreement is subject to Exchange approval. All shares issued
will be subject to a four month and one day hold period.
ABOUT RESOLVE VENTURES
Resolve is a Vancouver based
publicly listed exploration company trading on the TSX Venture
Exchange. The company is led by a highly skilled management and
technical team with numerous previous successes in the junior
mining sector.
R. Tim Henneberry, P.Geo.,
Resolves's Geologist and a Qualified Person as defined by NI
43-101, has reviewed and approved the technical information
contained in this news release.
On Behalf of the Board of Directors of the Company,
Clive Massey
President, Resolve Ventures Inc.
(604) 664-6794
Neither TSX Venture Exchange, the Toronto Stock Exchange nor
their Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
This press release contains "forward-looking information"
that is based on the Company's current expectations,
estimates, forecasts and projections. This forward-looking
information includes, among other things, statements with respect
to the Company's exploration and development plans. The words
"will", "anticipated", "plans" or other similar words and phrases
are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the Company's
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: uncertainties related exploration and development; the
ability to raise sufficient capital to fund exploration and
development; changes in economic conditions or financial markets;
increases in input costs; litigation, legislative, environmental
and other judicial, regulatory, political and competitive
developments; technological or operational difficulties or
inability to obtain permits encountered in connection with
exploration activities; and labour relations matters. This list is
not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully
and readers should not place undue reliance on such forward-looking
information. The Company disclaims any intention or obligation to
update or revise forward-looking information, whether as a result
of new information, future events or otherwise.
SOURCE Resolve Ventures