Deals this week: Vendome Resources, Trelawney Augen, Standard Graphite

10 March 2016 (Last Updated March 10th, 2016 18:30)

Vendome Resources has signed an agreement to acquire a 100% interest in the Clinton Manganese Project owned by Geomap Exploration near Clinton, British Columbia.

Coal Mine

Vendome Resources has signed an agreement to acquire a 100% interest in the Clinton Manganese Project owned by Geomap Exploration near Clinton, British Columbia.

The three claims consisting of the acquired property are located about 3-6km to the south of the village of Clinton and cover 954.53ha of land.

In exchange for the interest in project, Geomap will receive $10,000.

Trelawney Augen has completed the previously announced acquisition of Sanatana Resources' 50% interest in the Watershed property.

The company also acquired Sanatana's related information / data as well as drill core.

The transaction is expected to provide significant cash consideration to Sanatana.

Standard Graphite has signed an agreement to acquire eight lithium properties in Quebec, Canada.

The company's properties are located within the Abitibi and James Bay regions, the two major lithium districts of Quebec.

The property covers a total area of about 1150ha over highly prospective geology.

Société D'exploration Minière Vior has entered into an agreement with Iluka Exploration (Canada).

Under the agreement, Iluka will earn an undivided interest in the 481 mining claims comprising the Foothills Rutile property, which is 100%-owned by Vior.

"Iluka will earn an undivided interest in the 481 mining claims comprising the Foothills Rutile property, which is 100% owned by Vior."

The property covers 27,891ha situated near the village of St-Urbain, a iron-titanium mining camp about 100km east of Quebec.

Avarone Metals has signed an agreement to acquire a 100% interest in the Moab Lithium project.

The project covers an area of 3200 acres of placer claims in the Big Smoky Valley, Nevada, adjacent to claims controlled by Ultra Lithium.

It is situated around 225km south east of the Gigafactory site.


Image: Several mining deals were signed this week. Photo: courtesy of worradmu/FreeDigitalPhotos.net.