TORONTO, Oct. 5, 2022
/CNW/ - Paycore Minerals Inc. ("Paycore") (TSXV: CORE)
announces that on October 4, 2022 it
granted to its directors and officers an aggregate of 725,000
options to acquire common shares (the "Options") pursuant to
its share option plan. The Options are exercisable at $1.10 per share for a period of five-years from
the date of grant.
About Paycore
Paycore is a corporation incorporated under the Business
Corporations Act (Ontario)
and, through its subsidiaries, holds a 100% interest in the FAD
Property that is located in the heart of the Eureka-Battle
Mountain trend in Nevada,
USA. The FAD Property is host to the high-grade
poly-metallic (lead, zinc, gold, silver) FAD deposit that was
partially delineated with surface and underground drilling in the
1940s and 1950s. The FAD Property is located less than 3
miles from Eureka, Nevada and has
established infrastructure, including a shaft, roads and old
buildings. FAD was previously owned by Barrick Gold. Barrick acquired the FAD Property
when the Company acquired Homestake Mining in 2001.
Overseen by an experienced board and management team that
includes Jim Gowans (Chairman),
Christina McCarthy (President &
C.E.O), Steve Filipovic (C.F.O. and
Corporate Secretary) and John
Begeman (Director), the Company is focused on advancing the
delineation of mineral deposits on the FAD Project (which is
situated immediately to the south of, and along strike from, i-80
Gold Corp's operations).
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Paycore Minerals Inc.
