Centenario Gold Secures Option to Acquire Cabot Copper-Gold Project in Newfoundland

The latest update is out from Centenario Gold Corp. ( (TSE:CTG) ).

Centenario Gold Corp. has signed a definitive option agreement with Newfoundland-based PNL Ventures Limited to acquire up to a 100% interest in the Cabot Copper and Gold Project on Newfoundland’s Baie Verte Peninsula, a region with a long mining history. The 4,800-hectare property hosts the Cabot Copper Zone, where historic sampling has returned copper grades of up to 7% and geophysical and soil work has outlined five drill-ready targets, as well as the Marble Cove Gold Prospect, where historic samples have reported high-grade gold and the area lies along strike from an existing gold-producing district. Under the option terms, Centenario will make staged cash payments, share issuances and exploration expenditures over several years, and intends to launch an aggressive drill program in spring 2026, positioning the company to expand its presence in a growing volcanogenic massive sulphide and gold district and potentially enhance its resource base and growth profile for investors.

More about Centenario Gold Corp.

Centenario Gold Corp. is a Vancouver-based mineral exploration company listed on the TSX Venture Exchange, focused on copper, gold and cobalt projects in North America. The company targets assets in established mining jurisdictions with existing infrastructure and proximity to producing operations, aiming to build a portfolio of high-potential exploration properties.

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