Thistle Resources advances Brunswick antimony option with second anniversary payment

Thistle Resources (TSX-V:TRCG, OTC:TRCGF) has completed the 2nd day outgo nether its enactment statement for the Brunswick antimony task successful New Brunswick, keeping the institution connected way to get afloat ownership of the property.

The outgo comprised $25,000 successful currency and 250,000 communal shares issued to optionor Prospect 'Or Corp.

The Brunswick task spans astir 199 mineral assertion units crossed 4 blocks, known arsenic Pabineau River 1, Pabineau Falls Granite, Brunswick East and Knights Brook.

Under the staged earn-in arrangement, Thistle whitethorn get a 100% involvement successful the task by making aggregate currency payments of $90,000 and issuing a full of 1 cardinal communal shares implicit the word of the enactment agreement, taxable to a 2% nett smelter instrumentality royalty successful favour of Prospect 'Or Corp.

The institution retains the close to bargain backmost fractional that royalty for $1 million.

One last outgo remains, owed earlier the 3rd day of the agreement: $40,000 successful currency and an further 250,000 communal shares.

"We are pleased to person completed the 2nd day outgo nether our enactment agreement, advancing toward earning afloat ownership of the Brunswick Antimony Project," said CEO Patrick Cruickshank.

"The institution volition proceed to transportation retired systematic exploration activities with a presumption to generating semipermanent worth for shareholders."