Quri-Mayu Developments (TSXV:QURI) is one of the latest new listings on the TSX Venture Exchange, following its IPO. The net proceeds of the IPO will be primarily used to fund the exploration expenditures and option payments on its AT Property. The main mineral deposit type of interest on the AT Property is magmatic-hosted nickel-copper sulphides with platinum group elements with the BC MINFILE listing the main showing area as the AT2 showing.
Additional Information:
Company: Quri-Mayu Developments
Stock Symbol: TSXV:QURI
Date Published: Aug 18, 2022
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Quri-Mayu Developments (TSXV:QURI) is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “QURI”, following its initial public offering.
The company raised gross proceeds of $650,000 from the placement of 6.5 million shares priced at $0.10 per share.
PI Financial acted as agent for the IPO.
The net proceeds of the IPO will be primarily used to fund the exploration expenditures and option payments on its AT Property.
The company has an option to earn an undivided 100% interest in the AT Property, which is situated in the Clinton Mining Division within southwestern British Columbia, 45 kilometres south of the small community of Tatla Lake and 190 kilometres west-southwest of the town of Williams Lake, which is the main supply center for the area.
The AT Property presently consists of 4 claims totaling 3,441 hectares and is accessed by a 12-minute helicopter ride from the heliport located at the south side of Bluff Lake which is 25 km to the north of the AT Property.
The rugged and highly glaciated AT Property lies between Ottarasko Mountain and Sleepwalker Peak, and to the west of Nude Creek.
The main mineral deposit type of interest on the AT Property is magmatic-hosted nickel-copper sulphides with platinum group elements with the BC MINFILE listing the main showing area as the AT2 showing.
Previous sampling from 1987 included up to 0.5% copper and 0.4% nickel.
A second sample from the boulder train material yielded 150 ppb platinum, 100 ppb palladium, 1.08% copper and 0.19% nickel.
Sampling of float material from a nearby cliff face about 1,100 meters southwest of the main ultramafic occurrences yielded 3.08% copper 1.7% nickel, 644 ppm cobalt, 60 ppb gold, 110 ppb platinum and 60 ppb palladium.
Previous work has been successful in delineating target areas and the company has budgeted $215,000 for an exploration program.
The shares are trading at $0.15, with 44.4 million shares outstanding.
For more information, please contact Kevin Smith, CEO at 604-309-6340 or by email at info@Quri-Mayu.ca.
