{"id":1167372,"date":"2020-02-24T08:15:50","date_gmt":"2020-02-24T14:15:50","guid":{"rendered":"https:\/\/www.mining.com\/?p=1014837"},"modified":"2020-02-24T08:15:50","modified_gmt":"2020-02-24T14:15:50","slug":"white-metal-to-sell-70-interest-in-seagull-lake-project","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1167372","title":{"rendered":"White Metal to sell 70% interest in Seagull Lake project"},"content":{"rendered":"<p>White Metal Resources (TSXV: WHM) signed a letter of intent with Quadro Resources (TSXV: QRO), a company that is interested in acquiring a 70% interest in the Seagull Lake platinum-palladium project in Ontario, eastern Canada.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Known platinum group element-copper-nickel zones in the Seagull Lake Intrusion support the interpretation that Proterozoic ultramafic intrusions in this area have undergone magmatic processes that are capable of producing large PGE-Cu-Ni sulphide deposits<\/p>\n<\/blockquote>\n<\/figure>\n<p>In order to go ahead with the deal, Quadro has three years to make cash payments totalling $275,000. Over the same period, the company also has to issue 6.5 million shares and spend $1.55 million on exploration. <\/p>\n<p>Seagull Lake covers 7,539 hectares and is about a one-hour drive north of the port city of Thunder Bay. It sits about 50 kilometres south of Impala Canada&#8217;s Lac des Iles mine and is about 28 kilometres north of the copper, nickel and platinum group element discoveries of Rio Tinto and Panoramic Resources.<\/p>\n<p>The primary target in the project area is the Seagull Lake Intrusion, described as a 10-kilometre diameter, circular intrusive composed of ultramafic rocks with a high olivine content and derived from a deep mantle source. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ontario-based company signed a letter of intent with Quadro Resources.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167372"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1167372"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167372\/revisions"}],"predecessor-version":[{"id":1167422,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167372\/revisions\/1167422"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1167372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1167372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1167372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}