May 10, 2018
Grosvenor Resource Corporation (“Grosvenor” or the “Company”) is pleased to announce that it has reached an agreement (the “Powder Property Agreement”) to acquire the Powder Property, located 75 kilometers north of Kamloops, in south-central British Columbia, approximately 2 km west of the North Thompson River and the Yellowhead Highway 5.
The Powder claims cover several epithermal type sheared/vein stockwork structures with widths of up to 75m. A previous VLF-EM survey identified two main shear zones and additional exploration targets. The Company proposes to conduct a mapping and sampling program to confirm and map the extent of the mineralized zones across the property.
Under the terms of the Powder Property Agreement, the Company will pay $7,500 and issue 50,000 common shares of the Company.
The Powder Property Agreement is an arm’s length transaction and remains subject to the acceptance of the TSX Venture Exchange.
For further corporate information contact:
Tyler Friesen 604-685-6851 info@gvrresource.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.