Hanstone Gold Options Snip North Project
(TheNewswire)
Vancouver, BC – TheNewswire - October 2, 2025 – Hanstone Gold Corp. (TSX.V:HANS) (FRA:HGO) (the“ Company ” or “ Hanstone ”) is pleased to announce that ithas executed a property option agreement dated as of September 29,2025 (the “Option Agreement”) with Goldrea Resources Corp.(“Goldrea” or the “Optionee”, an arm’s length party to theCompany), pursuant to which Hanstone has granted Goldrea the option toearn a 70% undivided interest in and to Hanstone’s 3,443 hectareSnip North Project (the “Property”).
“We are excited to have Goldrea concentrate on theadvancement of the Snip North Project, while our team focuses oncontinued development of the wholly owned Doc Property claims,” saidAndre Douchane, Executive Chairman of Hanstone.
To exercise the option, Goldrea must incur an aggregateof $1,250,000 in exploration expenditures on the Property, as follows:$100,000 on or before September 30, 2026; an additional $100,000 on orbefore September 30, 2027; an additional $100,000 on or beforeSeptember 30, 2028; and an additional $950,000 on or before September30, 2029. In addition, Goldrea has agreed to transfer $100,000 ineligible assessment credits to extend the expiry date of the Propertyto June 30, 2026. In the event the British Columbia Ministry of Miningand Critical Minerals does not allow for the transfer of the credits,then the Option Agreement will terminate. On thedate on which the Optionee has earned a 70% interest in and to theProperty, the parties will be deemed to have entered into a 70/30joint venture for the purposes of exploring and exploiting theProperty for profit and will promptly negotiate and execute a formaljoint venture agreement.
About Hanstone Gold Corp
Hanstone is a precious and base metals explorer withits current focus on the Doc Project optimally located in the heart ofthe prolific mineralized area of British Columbia known as the GoldenTriangle. The Golden Triangle is an area which hosts numerousproducing and past-producing mines and several large deposits that areapproaching potential development. The Company holds a 100% earn-inoption on the 1,704-hectare Doc Project. The Company also owns a 100%interest in the 3,443-hectare Snip North Project, which is subject tothe Option Agreement. Hanstone has a highly experienced team ofindustry professionals with a successful track record in the discoveryof gold deposits and in developing mineral exploration projectsthrough discovery to production.
For Further InformationContact:
Andre Douchane, Chairman
+1 (520) 850-7529, adouchane@gmail.com
Or visit the Company’s website at www.hanstonegold.com
Forward Looking StatementsDisclaimer
The information contained hereincontains “forward-looking statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 and“forward-looking information” within the meaning of applicableCanadian securities legislation. “Forward-looking information”includes, but is not limited to, statements with respect to theactivities, events, or developments that the Company expects oranticipates will or may occur in the future. Generally, but notalways, forward-looking information and statements can be identifiedusing words such as “plans”, “expects”, “is expected”,“budget”, “scheduled”, “estimates”, “forecasts”,“intends”, “anticipates”, or “believes” or the negativeconnotation thereof or variations of such words and phrases or statethat certain actions, events, or results “may”, “could”,“would”, “might” or “will be taken”, “occur” or “beachieved” or the negative connotation thereof.
Forward-looking information andstatements are based on the then current expectations, beliefs,assumptions, estimates and forecasts about Hanstone’s business andthe industry and markets in which it operates and will operate.Forward-looking information and statements are made based uponnumerous assumptions, including among others, the results of plannedexploration activities are as anticipated, the price of gold, the costof planned exploration activities, that financing will be available if needed and onreasonable terms, that third party contractors, equipment, suppliesand governmental and other approvals required to conduct Hanstone’splanned exploration activities will be available on reasonable termsand in a timely manner and that general business and economicconditions will not change in a material adverse manner. Although theassumptions made by the Company in providing forward-lookinginformation or making forward-looking statements are consideredreasonable by management at the time, there can be no assurance thatsuch assumptions will prove to be accurate.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
Copyright (c) 2025 TheNewswire - All rights reserved.
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