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Golden Pursuit Resources Ltd. (TSXV: GDP) is a Canadian-based junior exploration and development company focusing on advanced exploration prospects, past-producing gold mines in the NWT, and exploration projects in Nevada. The company recently completed a geological mapping and soil sampling program at the Gordon Lake Property located in the Northwest Territories, Canada. The program aimed to document mineralization within quartz stockwork and quartz breccia zones for potential surface mining. With a strong focus on gold mineralization within Archean Burwash Formation turbitides, the company is gearing up for an inaugural drill program in 2024. Recent approvals for the Mining Incentive Program and the retention of Renmark Financial Communications Inc. for investor relations activities signal a positive outlook for Golden Pursuit Resources Ltd.
Golden Pursuit Resources has announced the approval of a grant under the Mining Incentive Program (MIP) for its Gordon Lake project. The grant will cover 50% of eligible expenses up to $80,788.50 for the 2024-25 period. This funding will support geophysical services and geological mapping in preparation for drilling. The company also plans the construction of an all-season road to connect Gordon Lake to Yellowknife, which will facilitate exploration and development. Additionally, Golden Pursuit has retained Renmark Financial Communications for investor relations at a cost of up to $9,000 CAD per month from June 1, 2024, to December 31, 2024, with a renewable option. These developments are subject to TSX Venture Exchange approval.
Golden Pursuit Resources Ltd. (TSX-V:GDP) has received permit approvals from the Mackenzie Valley Land and Water Board for its South Gordon Lake Project (SGLP), enabling exploration for up to 7 years. The SGLP, located 90 kilometers from Yellowknife, holds significant historical gold occurrences, including five past producers. The company retains full ownership with no royalty obligations. CEO Brian McClay emphasized the milestone as a result of collaboration with Indigenous Peoples and regulators, paving the way for upcoming exploration.
Golden Pursuit Resources Ltd. (OTC PINK: FPVTF) has received a Cease Trade Order (CTO) from the British Columbia Securities Commission due to the failure to file required periodic disclosure documents by the specified deadline. The affected filings include annual financial statements for the year ended September 30, 2021, and related management discussions. Consequently, trading of the company's securities was suspended by the TSX Venture Exchange on February 7, 2022. The company is actively working to revoke the CTO and continue normal operations.
Golden Pursuit Resources Ltd. has announced the acquisition of the WT Project near Gordon Lake, NWT, encompassing two claims covering a total of 536 ha. The property, with historical gold showings dating back to 1938, is situated 12 km south of Gordon Lake and is expected to enhance the company's portfolio. Plans include commissioning a NI 43-101 report to establish a development strategy for this new project. This acquisition aims to leverage the region’s historical gold deposits and will contribute to Golden Pursuit's growth.
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