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Northern Discovery Metals Completes Acquisition of the Cibola Copper-Gold Project in British Columbia

GlobeNewswire Inc.·
Northern Discovery Metals Completes Acquisition of the Cibola Copper-Gold Project in British Columbia

Northern Discovery Metals Inc. has completed the acquisition of a 100% interest in the Cibola copper-gold project in British Columbia from Orogen Royalties Inc. The property comprises 3,567 hectares located 90 km south-southwest of Houston and is situated in a region with porphyry copper deposits. The company paid $30,000 upfront, issued 100,000 common shares, and granted a 2% net smelter returns royalty, with additional milestone payments tied to drilling permits and completion of feasibility studies.

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