Projects
Our Flagship - Project 1
Master Cu Project
Colossus Resource Corp has entered into a Mineral Property Option Agreement with Perry English and Gravel Ridge Resources Ltd.
Pursuant to the Agreement, the Optionee has an option to acquire 100% interest in the mineral claims known as Master Copper Project located in the Sault Ste. Marie Mining Division of Ontario (the “Claims”) from the Optionor. Under the terms of the Agreement, the Optionor has granted the Optionee the option to acquire all rights, title and interest in the Claims. In addition, the Claims are subject to the reservation by the Optionor of a 1.5% net smelter returns royalty (the “NSR Royalty”) to be paid by the Optionee upon Commercial Production of Mineral Products.
PROJECT 2
Little Joe Fault Cu Project
On March 26, 2021, the Company (the “Optionee”) entered into a Mineral Property Option Agreement (the “Agreement”) with Perry English, 1544230 Ontario Inc and Gravel Ridge Resources Ltd. (collectively the “Optionor”). Pursuant to the Agreement, the Optionee has an option to acquire 100% interest in the mineral claims known as Little Joe Fault Cu Project located in the Thunder Bay Mining Division of Ontario (the “Claims”) from the Optionor.
Under the terms of the Agreement, the Optionor has granted the Optionee the option to acquire all rights, title and interest in the Claims…
PROJECT 3
Red Lake Pringle South Project
On February 10, 2021, and amended on March 26, 2021, the Company (the “Optionee”) entered into a Mineral Property Option Agreement (the “Agreement”) with Perry English, 1544230 Ontario Inc and Gravel Ridge Resources Ltd. (collectively the “Optionor”). Pursuant to the Agreement, the Optionee as an option to acquire 100% interest in the mineral claims known as Red Lake Pringle South Property located in the Red Lake Mining Division of Ontario (the “Claims”) from the Optionor.
Under the terms of the Agreement, the Optionee has an option to acquire all rights, title and interest in the Claims. In addition, the Claims are subject to the reservation by the Optionor of a 1.5% net smelter returns royalty (the “NSR Royalty”) to be paid by the Optionee upon commercial production of mineral products.
