Buchans holds 30 million shares in Xtierra Inc. (TSXV-XAG), representing an approximate 18.4% interest and 13,000,000 share purchase warrants entitling Buchans to purchase one common share for $0.05 until April 30, 2021. The market value of the Xtierra shares at December 15, 2020 based on the market price of Xtierra shares on the TSX Venture Exchange was $3,000,000. Xtierra holds the Bilbao polymetallic sulphide and oxide replacement silver-lead-zinc-copper property, located in the Central Mineral Belt of Mexico, in the southeastern part of the State of Zacatecas, approximately 500 km northwest of Mexico City and is also pursuing new opportunities, including mineral exploration and development projects, and the potential acquisition of new mineral and other royalties.
For more information on Xtierra Inc., please visit www.xtierra.ca
Buchans holds an 8% interest in Minco Exploration, a company that holds zinc-lead exploration licences in the Republic of Ireland operated by its wholly owned subsidiaries, either alone or in joint venture with Boliden Tara Mines. Minco is participating at 20% in a joint venture with Boliden Tara Mines at 80% on Licence 1440R, which lies immediately adjacent to Boliden’s large 130 million tonnes Tara zinc-lead mine at Navan.
Minco Exploration is also participating in a joint venture with Boliden Tara Mines on Licence 3373, contiguous to the west with Licence 1440R, where Minco Exploration can earn up to a 75% interest, and in a joint venture with Boliden Tara Mines on twelve Prospecting Licences in County Galway where Minco Exploration can earn up to a 50% interest. Minco Exploration also holds two prospecting licences at Moate, County Westmeath.
For more information on Minco Exploration, please visit www.MincoExploration.com.