Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

GoldMining to Acquire Additional Gold Claims Contiguous with its Yellowknife Gold Project for a Total Area of 11,502 Hectares

 

 

 

 

 

GoldMining Inc. (TSX-V: GOLD) (OTCQX: GLDLF) is pleased to announce that it has entered into an agreement with Viking Gold Exploration Inc. to indirectly acquire the Maguire Lake property. The Property includes the RG1, RG2 and RG3 claims, which cover a total area of 1,797.6 hectares and are contiguous with the western boundary of the Company’s Nicholas Lake-Ormsby property, one of the four properties that comprise the Yellowknife Gold Project which the Company acquired in July 2017. The YGP has been the subject of substantial drilling, underground development and historic gold production from the high-grade Discovery Mine.

 

 

Pursuant to the Agreement, GoldMining will issue 60,000 common shares of the Company in consideration for the Property. The transaction is subject to customary closing conditions, including, among other things, receipt of requisite approvals. The parties currently expect closing to occur by the end of January 2018. Upon completion of the transaction, the YGP will have an expanded total area of 11,502 hectares.

 

 

The Property is located approximately 2 kilometres west of the historic Discovery Mine.  Total historic production from this high-grade, underground gold mine between 1949 and 1968 was estimated to have been approximately one million ounces of gold.  Reference to historical production at the Discovery Mine is for informational purposes only and is not indicative of the Company’s potential future results at the YGP. Mineralization at the Discovery Mine consists of gold bearing “saddle-reef” type quartz veins hosted in the fold hinges of isoclinal folded meta-sedimentary rocks of the Burwash Formation, one of several units that comprise the Archean age Yellowknife Supergroup.  Future exploration programs would be designed to examine the potential for this style of mineralization on the YGP, including the Property.

 

 

Qualified Person

 

 

Paulo Pereira, President of GoldMining Inc. has reviewed and approved the technical information contained in this news release. Mr. Pereira holds a Bachelors degree in Geology from Universidade do Amazonas in Brazil, is a Qualified Person as defined in National Instrument 43-101 and is a member of the Association of Professional Geoscientists of Ontario.

 

 

About GoldMining Inc.

 

 

GoldMining is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas.  Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru.  Additionally, GoldMining owns a 75% interest in the Rea Uranium Project, located in the Western Athabasca Basin of Alberta, Canada.

 

Posted January 9, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

MORE or "UNCATEGORIZED"


American Manganese CEO has several one on one meetings with Funds (Audio)

HoweStreet.com | Talk Digital Network https://www.howestreet.com/... READ MORE

September 22, 2018

Tom McClellan - "Gold Now Bound to the Yuan"

September 20, 2018 Old-school monetarists have long... READ MORE

September 21, 2018

The Critical Investor - "Cypress Development Announces Strong PEA Economics And Increased Resource At Clayton Valley Lithium Project"

Drilling at Clayton Valley Lithium project, Nevada Introduction &... READ MORE

September 21, 2018

Jordan Roy-Byrne - "Gold Stocks Remain in Downtrend but Uranium Stocks on the Cusp of New Bull Market"

Gold stocks failed to breakout in the spring and then brokedown t... READ MORE

September 21, 2018

Rick Mills - "Update - SQM’s quest for lithium dominance"

Chile’s Sociedad Quimica y Minera (SQM) is the second largest l... READ MORE

September 21, 2018

Copyright 2018 The Prospector News - Site design by Spyderbaby Productions