Bellechase-Timmins Acquisition Update
Vancouver, British Columbia – September 27, 2021 – Yorkton Ventures Inc. (TSXV: YVI) (the “Company“) is pleased to report that it has amended the purchase terms of its Bellechasse-Timmins gold project in southeastern Quebec, Canada.
Accordingly, after paying $400,000 on Friday September 24, 2021, the Company has a final payment due March 1, 2022 of $400,000. The Company appreciates the support and co-operation of the vendor.
The Bellechasse-Timmins Project
Yorkton Ventures Inc. has an agreement to acquire 100 per cent of the Bellechase Timmins project, comprising 138 claims, which is located in the Municipalite regionale de Comte des Etchemins, approximately 80 kilometres southeast of Quebec City. The Bellechasse-Timmins Gold Property contains a historic mineral resource of 171,000 ounces of gold at an average grade of 1.83 g/t gold in the indicated category and an additional 95,000 ounces at an average grade of 1.36 g/t gold in the inferred category as well as the Champagne VMS deposit, the Beland gold occurrence and some other assets. A National Instrument 43-101 Report dated July 3, 2020 authored by Dr. Christian Derosier, P. Geo. is filed on SEDAR.
On behalf of Yorkton Ventures Inc.
Andrew Lee Smith
Chief Executive Officer
888 – 1027 Davie Street, Vancouver, BC V6E 4L2 Canada
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 release.
Cautionary Statement Regarding Forward-Looking Information
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.