Paget Minerals Vends Mt. Dunn Property, BC
December 04 2013 - 7:30AM
Marketwired Canada
Paget Minerals Corp. (TSX VENTURE:PGS), ("Paget") announced today that it has
entered into a Purchase and Sale Agreement with Metallis Resources (TSX
VENTURE:MTS) to sell 100% of the Mt. Dunn Property covering 1,822 hectares
located in northern British Columbia.
David F. Volkert, President of Paget commented: "The sale of the non-core Mt.
Dunn Property provides Paget continued exposure to any future discovery on the
Property itself, as well as the surrounding 12,000-hectare Kirkham Property,
while eliminating our holding costs. Paget remains focused on the recently
consolidated Ball Creek Property in BC (see press release dated November 25,
2013) and its exploration program in Sonora State, Mexico."
Paget will receive $15,000 cash and 200,000 shares of Metallis, subject to TSX-V
approval (see Metallis press release dated November 29, 2013).
About Paget Minerals Corp.
Paget Minerals Corporation is a publicly traded resource company focused on
mineral exploration and the advancement of its Ball Creek Project in British
Columbia, as well as the San Ricardo Project in Sonora, Mexico. Ball Creek
comprises a 52,442-hectare, contiguous mineral tenure package in the Golden
Triangle - Iskut Mineral District located just 8km west of Highway 37 and only
36km northwest of the new Northwest Transmission Line Substation at Bob Quinn.
Ball Creek neighbors three major mine development projects in the region --
Galore Creek, Schaft Creek and Red Chris. Paget is also continuing its San
Ricardo Project and has an option to earn up to 60% of the 38,100-hectare
project located within the prolific porphyry and epithermal gold-silver-copper
belt of northern Sonora State, Mexico, from Sundance Minerals Ltd. David
Volkert, President and CEO, serves as the Qualified Person under the definitions
of NI 43-101.
On Behalf of the Board of Paget Minerals Corp.,
David F. Volkert, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Paget Minerals Corp.
David Volkert
President & CEO
778 327 4449
778 330 5492 (FAX)
www.pagetminerals.com
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