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The latest announcement is out from United Hunter Oil & Gas ( (TSE:BOCA) ).
Bocana Resources Corp. has secured an additional 30-day extension to its Letter of Intent with LP Associates LLC covering 1,440 acres of U.S. Bureau of Land Management placer mining claims in Arizona, allowing more time to complete due diligence. The company has finished expanded sampling and assaying of ore material on the claims and is now awaiting final results, which will inform its decision on whether to move ahead under the existing LOI terms; the extension underscores the early-stage, evaluation-focused nature of the potential transaction and leaves all other LOI conditions unchanged.
More about United Hunter Oil & Gas
Bocana Resources Corp. is a Calgary-based 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 Bolivia’s Potosi department, Sud Lipez province, awarded by state-owned miner Comibol.
Average Trading Volume: 424,982
Technical Sentiment Signal: Buy
Current Market Cap: C$7.07M
Learn more about BOCA stock on TipRanks’ Stock Analysis page.