Canadian GoldCamps Corp. Acquires Advanced Stage Gold Assets Near Bathurst Camp - Seite 2
Summary of the Elmtree Gold Project Mineral Resources as at 4 March, 20112
(Rounded to the Nearest Thousand)
As detailed in the Micon 2010 PEA1, the WGZ has a higher-grade core with gold grades averaging approximately 5.0 g/t within a lower grade envelope with gold grades averaging 1.4 g/t. The SGZ has lower gold grades that average 0.74 g/t.
The WGZ has been defined by drilling and trenching over a strike length of at least 400 m, with drilling and geophysics further defining the dip extent to at least 200 m and thickness ranging from less than 5 m to approximately 45 m. Gold at the WGZ occurs in sulphide bearing vein arrays and also within intensely altered host gabbro in association with finely disseminated arsenopyrite and other sulphides.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d913d38-09eb-4b88 ...
Under the terms of the share purchase agreement dated October 21, 2020 (the “Purchase Agreement”), the Company will acquire all of the issued and outstanding shares of the BC company from an arm’s length vendor. As consideration Canadian GoldCamps will pay to the vendor C$425,000 (being the repayment of all expenses that have been incurred to date with respect to locating, staking and the maintenance of the Property) and it will issue an aggregate of 17.5 million common shares.