Bocana Resources Corp. Extends Letter of Intent on Arizona Mining Claims for Additional Bulk Testing and Assay Review

Executive Summary

• Bocana Resources Corp. and LP Associates, LLC have agreed to extend their Letter of Intent by an additional 60 days, accompanied by a US$50,000 advance payment.
• The extension provides time for Bocana to secure any required U.S. Bureau of Land Management exploration permit, conduct larger bulk sampling, and run the material through an off‑site pilot processing plant.
• All other terms of the original LOI remain unchanged, indicating continuity of the underlying transaction framework.

Key Details

• Extension Terms: Letter of Intent extended by 60 days; additional advance payment of US$50,000 from LPA to Bocana.
• Purpose of Extension:
• Obtain any necessary exploration permit from the U.S. Bureau of Land Management for the Arizona placer mining claims.
• Conduct a larger bulk sampling program to evaluate metallurgical properties, extractive milling procedures, equipment performance, processing methods, recovery rates, and market potential.
• Process sampled ore at a temporary off‑site pilot plant; subsequent assay analysis will be performed on the processed material.
• Original LOI: All other conditions, rights, and obligations from the original agreement remain in full force.
• Transaction Status: No endorsement or disapproval by the TSX Venture Exchange regarding the merits of the transaction.

Notable Quotes

(No direct quotes were provided in the release.)