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Palayan Provides Update on Silver Bow Transaction With Provenance, Describes Potential Targets
Palayan Resources Inc.December 11, 2020 GMT
Windermere, FL - ( NewMediaWire ) - December 11, 2020 - Palayan Resources, Inc. (the “Company” or “PLYN”) (OTCMarkets: PLYN), a publicly traded, fully reporting emerging growth company, is pleased to discuss the Silver Bow Property that is the focus of the recently executed Letter of Intent with Provenance Gold Corp. (“Provenance”) (CSE:PAU) (FSE:3PG). Provenance holds the right to acquire 102 lode mineral claims, known as the Silver Bow Claims, and also controls the right to one (1) patented mining claim, identified as the Blue Horse Claim (the “Claim”) (collectively, the “Project”), all of which are located in Nye County in the State of Nevada and are subject to certain net smelter returns royalty. The Project consists of approxima