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An announcement from United Hunter Oil & Gas ( (TSE:BOCA) ) is now available.
Bocana Resources Corp. has secured a 60-day extension to its Letter of Intent with LP Associates on Arizona placer mining claims, in exchange for an additional US$50,000 advance payment. The extension preserves existing deal terms while giving the company more time to advance technical and regulatory work on the project.
During the extended period, Bocana plans to obtain an exploration permit from the U.S. Bureau of Land Management if required, conduct larger bulk ore sampling, and process material through a temporary off-site pilot plant. The program is intended to assess metallurgical properties, milling procedures, recovery rates, and potential markets, with assay analysis of processed ore expected to inform the project’s economic potential and support ongoing due diligence for a possible acquisition.
More about United Hunter Oil & Gas
Bocana Resources Corp. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in North and South America. Through its wholly owned subsidiary Huiracocha International Service SRL, the company holds a 100% working interest in the Escala area concessions in the Potosi Department, Sud Lipez Province, Bolivia, awarded by state-owned miner Comibol.
Average Trading Volume: 444,981
Technical Sentiment Signal: Hold
Current Market Cap: C$5.7M
For a thorough assessment of BOCA stock, go to TipRanks’ Stock Analysis page.