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The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes, among other things, statements with respect to the Company's exploration and development plans. This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. , Tel: +1 60 or visit the website at for the French version of this news release, past news releases, 3D model of the Montauban processing plant, media interviews and opinion-editorial pieces.Įmail: This email address is being protected from spambots. please contact This email address is being protected from spambots. The Company’s main exploration focus is its 100% ownership of the Eagle River project, which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec.įor more information on Secova Metals Corp. Secova’s principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec.
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is a Canadian environmentally aware resource exploration and processing company. Pour une traduction française de ce communiqué de presse, veuillez visiter notre site Web à. The Option Plan and RSU Plan were approved by the shareholders of the Company on December 30, 2021. The RSUs shall vest in accordance with the prescribed period under the RSU Plan. The Options granted are exercisable to purchase a common share in the capital of the Company (each, a ” Share ”) at a price of CAD$0.05 per Share, subject to vesting requirements. In other corporate news, the Company has granted an aggregate of 8,550,000 Options and 1,950,000 RSUs to certain directors, officers, employees and consultants of the Company. The Company’s other restoration project at Montauban is far advanced and should begin extracting gold and silver from the toxic tailings on site upon completion of assembly of the processing mill. Secova’s primary operating goal is to extract value for its shareholders from processing residual materials while returning the environment to its natural state. Secova’s initial sampling program is scheduled to commence on July 18, 2022. These samples will be assayed to determine if there is potential for extraction of salable residuals and, if economically viable materials are found, the Company will then develop a full-scale extraction program. Secova plans on using its expertise to consolidate the historic information and related data, systematically lay out an exploration grid on the riverbed and then conduct a detailed sampling program. In addition to the historic findings, NBJV has completed an extensive bathymetric survey to identify high priority sample areas. Historically, industrial residue in the form of slag waste material, laboratory wastes, demolished materials and some minerals of value have been discovered on the riverbed.
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The parties agreed that Secova will be the operator of the Ottawa River Project. Secova is required under the terms of the Option Agreement to pay to NBJV $50,000 upon signing of the Option Agreement as well as to fulfill expenditure requirements for the Ottawa River Project. Under the Option Agreement, NBJV grants Secova the right to earn 50% interests in the Ottawa River Project. NBJV is the legal and beneficial owner of the land use permit of 2.6 hectares within the bed of the Ottawa River and the owner of any salable residuals from the land use permit (“LUP” or “the Ottawa River Project”). ( “Secova” or the “Company” ) (CSE:SEK ), ( Frankfurt:N4UP ), ( OTC:SEKZF) is pleased to announce the signing of an Option Agreement (“Option Agreement”) with Nepean Bay Joint Venture Inc. VANCOUVER, BRITISH COLUMBIA – TheNewswire – J– Secova Metals Corp.