Storm Exploration Inc. Secures Full Ownership of Gold Standard Project

Storm Exploration Inc., a Vancouver-based company, announced the completion of its final option payment for the Gold Standard Project in northwest Ontario. This payment grants the company complete ownership of the project. The payment included $25,000 in cash and 59,524 common shares, valued at $0.42 each. Additionally, the previous property owners will retain a 2.0% Net Smelter Returns Royalty, which can be reduced to 1.0% by the company through a further payment of $750,000.

The Gold Standard Project, now fully owned by Storm Exploration Inc., spans an area with potential for gold and base metals, featuring historical gold mining sites dating back to the early 20th century. Recent explorations have confirmed high-grade gold occurrences, and a new electromagnetic survey revealed a significant conductive anomaly, suggesting the presence of Volcanogenic Massive Sulphide mineralization. The company plans to launch a drilling program targeting these anomalies in the third quarter of 2024.