January 11, 2021 – Vancouver, B.C. – Soldera Mining Corp. (CSE:SOLD) (“Soldera” or the “Company”) is pleased to announce that it intends to commence Phase 1 work program at its Titan Property (the “Property”) next week.
The work will be done in furtherance of the recommended Phase 1 work program disclosed in the Company’s prospectus dated September 23, 2020, and will consist of prospecting, mapping, sampling, and ground geophysical surveying of the Property (the “Work Program”). The Work Program will be undertaken on behalf of the Company by Geomap Exploration Inc. (“Geomap”) of Vancouver, BC.
Pursuant to the Property Purchase Option Agreement (the “Property Agreement”) between the Company and Alex Pleson dated May 7, 2020, under which the Company holds an option to acquire a 100% interest in the Property, the Company is required, among other things, to incur a minimum of $110,000 of exploration expenditures on the Property within one year of the date of the Property Agreement. In satisfaction of this obligation, the Company has pre-paid to Geomap $110,000, to be applied towards the total cost of the Work Program.
“We are very excited to kick off the Phase 1 work program on the Titan Property” stated Robert Baxter, CEO of Soldera. “We look forward to completing the program and developing our portfolio of properties in the coming year.”
The goal of the Work Program is to, among other things, supplement the results of historical work on the Property through magnetic and VLF surveys, and to continue prospecting, trenching, and sampling work along the Morrow Lake Deformation Zone.
About the Company
The company is a mineral exploration company focused on the acquisition, exploration and development of mining properties. The company is based in Vancouver, BC and holds an option over the Titan Property located in the Klotz Lake area in Northwestern Ontario and the Tuscarora Property, located in the Tuscarora Mining District in Elko County, Nevada.
For more information, investors should review the Company’s filings that are available at www.sedar.com.
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the expected timing of the Work Program, and the nature of work to be performed by Geomap pursuant to the Work Program, are forward-looking
statements. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Director and Chief Executive Officer