Medaro Mining Corp. announces that it has entered into a definitive earn-in agreement with Sinclair Gold Ltd formerly known as Alicanto Minerals Limited., pursuant to which it may acquire up to a 100% legal and beneficial interest in the Sala Silver-Zinc Project, located in central Sweden.
The Property is comprised of several exploration permits covering an area of 91km2 prospective for silver and zinc.
“The successful signing of a definitive earn-in agreement for the acquisition of the Sala Silver-Zinc Project is an exciting milestone for Medaro and an important step in building our portfolio of high-quality exploration assets,” said Mark Carruthers, President and CEO of Medaro Mining. “Sala is an exceptional project with promising potential, established infrastructure, existing exploration data, and significant potential for growth. A considerable amount of capital and technical work has already gone into advancing the property, and we are excited to build on that foundation through focused exploration and technical evaluation. I want to personally thank the teams at Medaro and Sinclair, along with our advisors, for their hard work and commitment in bringing this transaction to completion. We look forward to advancing the Sala Project and creating long-term value for our shareholders.”
Jeff Sansom, CEO of Sinclair Gold Ltd., commented: “We are pleased to complete this agreement with Medaro and establish a clear pathway for the continued advancement of the Sala Project. Sala has benefited from considerable historical work and remains a highly prospective silver-zinc asset in an established mining district. We believe Medaro is well positioned to unlock the project’s potential through focused exploration, while preserving meaningful future exposure and value for Sinclair shareholders.”
About Medaro Mining Corp.
Medaro is a mineral exploration company focused on the acquisition and advancement of high-quality mineral projects in Ontario, Quebec and Sweden. The Company’s strategy is to build shareholder value through systematic exploration, disciplined project evaluation, and responsible development.
