Beauce Gold Fields Agrees to Sell CH-98 Phosphate Property to Inspiration Mining Corp.
Montréal, Québec – TheNewswire - Beauce Gold Fields Inc. (TSX Venture: BGF) (“BGF” or the “Company”) announces that it has entered into an arm’s-length agreement to sell its 100% interest in the CH-98 phosphate property in the Lac-Saint-Jean region of Québec to Inspiration Mining Corp. (CSE: ISP) (“Inspiration”). Completion of the transaction remains subject to receipt of the necessary regulatory approvals. The proposed sale will enable BGF to focus its exploration efforts and management resources on its core gold assets in southern Québec, particularly the Saint-Simon-les-Mines paleoplacer channel and its associated bedrock gold targets. Patrick Levasseur, President and CEO of Beauce Gold Fields, said: “CH-98 has delivered encouraging phosphate sampling and preliminary metallurgical results. We believe the property merits a dedicated exploration program under Inspiration’s stewardship. For BGF, this transaction supports our decision to focus on advancing our Beauce gold projects, while the share consideration gives our shareholders indirect exposure to Inspiration’s future progress.” Charles Desjardins, President and CEO of Inspiration Mining, commented : “We are excited about the
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