Errington Metals Expands Land Position in the Sudbury Basin
Errington Metals (TSX.V: EM)
Announced that it has signed a purchase and sale agreement to acquire certain unpatented mining claims (to expand its land position in the world-class Sudbury Basin by approximately 48%, adding 2,727 hectares complementary to the Company’s growing portfolio.
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Location map – Courtesy of Errington Metals
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| Errington Metals | TSX.V: EM | |
| Stage | Exploration | |
| Metals | Copper / gold / zinc | |
| Market cap | Cad$1570 million @ C$3.69 | |
| Location | Yukon, Canada | |
| Website | www.erringtonmetals.com |
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Errington Metals Expands Land Position in the World-Class Sudbury Basin
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Thunder Bay, Ontario, July 7, 2026 – Errington Metals Corp. (TSXV: EM)(“Errington” or the “Company”) is pleased to announce that it has signed a purchase and sale agreement to acquire certain unpatented mining claims (the “Property”) to expand its land position in the world-class Sudbury Basin by approximately 48%, adding 2,727 hectares complementary to the Company’s growing portfolio (the “Acquisition”).
Highlights
- Acquisition adds 2,727 hectares in the Sudbury Basin, increasing total Company land holdings by approximately 48%
- Expansion strengthens Errington’s district-scale position near established infrastructure and producing mines
- New claims provide additional exposure to prospective geological units associated with known sulphide mineralization in the region
- Agreement Terms:
- Total cash payments of $150,000
- 60,000 common shares
- 1.5% Net Smelter Royalty with 50% buy back option
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Matthew Gollat, President and CEO of Errington Metals said,
“This acquisition reflects our opportunistic and disciplined approach to growing Errington’s land position in the Sudbury Basin when we see ground that is strategically located and geologically compelling and at a very attractive valuation.
“However, while this acquisition meaningfully expands our regional footprint and gives us additional exposure to prospective targets, our primary focus remains firmly on advancing our current flagship property through systematic drilling, technical work, and the development of a clear path toward an initial mineral resource estimate.”
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An illustrative 3D video highlighting the Property location is available here
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About the Property
The claims to be acquired provide Errington with an expanded footprint over prospective geology within the Sudbury Igneous Complex, one of the world’s premier mining districts.
The majority of the claims cover the upper portion of the Sudbury Igneous Complex (Granophyre Unit), with the producing Garson Ni-Cu-PGE Mine located approximately 5 kilometres to the south.
The Property also covers portions of the lower Onaping Formation, the stratigraphic footwall rocks associated with the Company’s other mineralized zones, consisting of volcanic and sedimentary rocks.
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To read the full news release please click HERE
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Live metal prices can be found HERE
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Disclosure
At the time of writing the author holds shares in Errington Metals.
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