REV Exploration Expands Chibougamau Gold Camp Land Package with New Claim Acquisition

The latest announcement is out from Gitennes Exploration ( (TSE:REVX) ).

REV Exploration Corp. has entered into an asset purchase agreement to acquire a 100% interest in additional mineral claims and associated rights in Quebec’s Chibougamau Gold Camp from an arm’s-length Quebec-based vendor. The transaction, which involves a cash payment of $150,000, the issuance of $350,000 in common shares, and the granting of a 1.0% net smelter return royalty to the vendor, remains subject to customary regulatory approvals, including acceptance by the TSX Venture Exchange. The newly acquired claims, covering just over 6,700 hectares, will expand REV’s total land position in the Chibougamau camp to about 52,000 hectares (520 square kilometres), strengthening the company’s strategic footprint in a key Quebec gold district and potentially enhancing its long-term exploration pipeline and asset base.

More about Gitennes Exploration

REV Exploration Corp. is a mineral exploration company focused primarily on gold properties in Quebec, notably its JMW and Maxwell projects within the Chibougamau Gold Camp. The company also has growing exposure to the emerging natural hydrogen sector in Alberta and Saskatchewan, holding 100% of a series of PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, and maintaining a significant equity stake in MAX Power Mining Corp., which controls Canada’s largest permitted land package for natural hydrogen in Saskatchewan.

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Technical Sentiment Signal: Buy

Current Market Cap: C$19.07M

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