Vancouver, BC, March 26, 2018 ─ Fjordland Exploration Inc. (“Fjordland”) (TSX-V: FEX) announces a Letter of Intent has been signed with Vulcan Minerals Inc. (“Vulcan”) granting Fjordland the option to acquire a 65% interest in 30 mining claims located in the South Voisey’s area, Labrador.Under the terms of the agreement, Fjordland has the option to pay to Vulcan $45,000 and incur $150,000 in exploration expenditures over a period of three years.If the option is exercised a joint venture will be formed whereby Vulcan will be carried for 100% of its joint venture expenditures on the claims until Fjordland earns its full interest from Commander Resources Ltd. (“Commander”) on surrounding contiguous lands or a minimum expenditure of $7 million on those lands.
The property is contiguous to mineral tenure held by Fjordland and Commander Resources Ltd. as part of their South Voisey’s Bay nickel-copper-cobalt Project (“SVB Project”). Fjordland’s strategic investor, High Power Exploration Inc. has notified Fjordland that they intend to fund a minimum of $1.2 million of the proposed 2018 summer drill program on the SVB Project.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large scale potentially economic deposits located in Canada. For further information visit Fjordland’s website at www.fjordlandex.com
On behalf of the Board of Directors,
“Richard C. Atkinson”
Richard C. Atkinson, P.Eng.
President & CEO
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For further information, please call: FJORDLAND EXPLORATION INC. Richard C. Atkinson, President and CEO 1-604-805-3232 info@fjordlandex.com |
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