Hi-View Resources Inc. has acquired a 100% interest in the Jim Property in the Toodoggone Gold & Copper District of northern British Columbia, expanding its regional land portfolio to cover more than 27,910 hectares.

Under the terms of the acquisition agreement, Hi-View secured the claims from an arm's length vendor by issuing 100,000 common shares, making a $5,000 cash payment, and granting a 2% net smelter returns royalty. The company holds the right to buy back 1% of this royalty for $1,000,000.

The property hosts the historic JM showing, which was first documented in 1988 and has historically only been prospected. Malachite staining accompanied by chalcopyrite occurs throughout the area, lining fracture planes and associated with quartz and calcite stringers within narrow shears. This combination of copper sulphides and oxides, together with gold and silver values, suggests an epithermal hydrothermal system with stronger mineralization potentially concealed beneath a visible surface gossanous zone.

“The Jim Property acquisition further adds to our existing land position in the Toodoggone district. The property is surrounded by Thesis Gold & Silver's northern land package. With a gossanous zone visible at surface, we believe this could indicate hidden sulphide mineralization at depth, possibly associated with a copper porphyry system. We see this as a target worth following up on.”

— R. Nick Horsley, Chief Executive Officer

To investigate these geological indicators further, Hi-View plans to conduct systematic mapping and analyses across the claim area to follow up on the historic showings and surface gossanous zone.

Read the full announcement: HI-VIEW ACQUIRES THE JIM PROPERTY FEATURING GOSSANOUS ZONE IN THE TOODOGGONE REGION