From GlobeNewswire: 2025-05-30 20:06:00

Lancaster Resources Inc. has received approval to acquire the Lake Cargelligo Gold Project after completing a $400,000 private placement financing. The project covers 28,768 hectares with high-grade results, including historical sampling showing up to 204 g/t Au and 273 g/t Ag from rock chips. The acquisition terms include a $10,000 cash payment and 10,000,000 common shares. Vendors retain a 2% NSR royalty, with milestone payments of up to $3.68 million. Lancaster plans a Phase 1 exploration program for Summer/Fall 2025. All exploration results are historical. Lancaster is focused on critical mineral and precious metal assets.



Read more at GlobeNewswire: Lancaster Resources Announces Closing Conditions Met for