Gold Plus Mining Initiates Work Program on Its “Lawyers” East & West Properties Contiguous to Benchmark Metals Gold Discoveries - Seite 2
About the Lawyers East & West Claims
Gold Plus’s Lawyers East and West mineral claims cover approximately 8,650 acres and are on trend with several mines found in the region, located at the south-eastern side of Benchmarks’ “Lawyers” property, below TDG Gold Corp’s “Baker” Mine and “Shasta” Mine and in line with the “Kemess” Mine further South East that hosts 2.7M oz of gold equivalent. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Properties.
Neighboring Benchmark Metals recently announced an increase from 50,000m to 100,000m of drilling for 2020 and for 2021, a 200,000m drill program. Benchmark hopes to establish a five-million-plus-ounce resource by the first half of 2021, with preliminary economic studies to follow later in the year (see press release dated August 24th, 2020).
Gold Plus Mining’s property hosts highly prospective rocks in the northeastern region of the prolific metal-endowed Stikine Terrane, British Columbia, Canada. According to Logan and Mihalynuk (2014), magmatic events in Stikine during the Late Triassic and Early Jurassic were the driving source for the development of mineralizing porphyry and epithermal systems. The same magmatic and mineralizing events are recognized on both the east and west sides of the Bower Basin forming an arch of gold and polymetallic mineralization. This arch is depicted herein as the 'Golden Horseshoe' which includes the Golden Triangle.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
The Company has now completed the arm’s length share purchase agreement with 1258512 BC Ltd. (“NumberCo”) and the shareholders of NumberCo (collectively, the “Vendors”), pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of the NumberCo from the Vendors. See news release dated July 27th, 2020 for terms of the agreement.
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.
About Gold Plus Mining Inc.
Gold Plus Mining is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. Our growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Golden Triangle” of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.