Storm Exploration Amends Option Agreement for Miminiska & Keezhik

Vancouver, BC / ACCESSWIRE / June 4, 2024 - Storm Exploration Inc. (TSX-V: STRM) announced an amendment to its Option Agreement for acquiring a 100% interest in the Miminiska and Keezhik properties.

The amendment, agreed upon with Landore Resources Canada Inc., modifies the schedule of remaining option payments but leaves other aspects unchanged. The updated payment schedule lists cash payments totaling $787,500 and convertible stock payments amounting to $1,312,500, due by November 24, 2024.

The Miminiska and Keezhik projects lie within the traditional territory of the Eabametoong First Nation. They are situated in the Miminiska-Fort Hope greenstone belt, about 350 km north of Thunder Bay, Ontario. Each has the potential to host significant orogenic gold deposits.

Historical assays at Miminiska have shown promising gold mineralization, with notable results of 5.75g/t Au over 20.84m and 13.95g/t Au over 5.32m, though these results have not been independently verified by Storm.