TSX-V: SMN

Projects

La Pinta 06

Summary

Terms:$225,000 USD and a 1% NSR Royalty on future production.
Acquisition Date:June 15, 2017
Buyer:Goldcorp Inc.
Location:Zacatecas, Mexico
Size:7,875 hectares concession
Commodity:Au-Ag-Pb-Zn

On June 15, 2017, San Marco Resources Inc. (SMN: TSX-V) entered into an agreement to sell its La Pinta 06 concession in Zacatecas, Mexico to a subsidiary of Goldcorp Inc. for $4,090,545 MXN ($225,000 USD) and a 1% net smelter return royalty on future production from the concession.

The monies generated from the sale of La Pinta 06 concession, a non-core asset, went into working capital as San Marco focused its drill program on its Chunibas project, trenching program on its Oregano project, furthering ground work surface sampling on its 1068 project, and its on-going generative program.

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