Clarification to News Release Entitled "Great Eagle Gold Corp. Announces LOI to Acquire Patented Mineral Rights Titles Containing NI 43-101 Certified Gold Resources"
Great Eagle Gold Corp. (GEGCF) has issued a clarification regarding its January 27, 2025 press release about acquiring patented mineral rights titles. The company signed a non-binding LOI dated December 24, 2024, with New Path Resources Inc. to acquire 100% interest in mining claims, including three patented claims containing NI 43-101 inferred gold resources.
The company has removed references to 'certified' resources as this term isn't defined in NI 43-101. The Northshore Inferred Mineral Resource Estimate shows 6,511,000 tonnes at a grade of 1.15 g/t Au with a cut-off grade of 0.40 g/t Au, totaling 240,100 ounces in the Inferred category. These patented claims meet requirements for tokenization into NatGold Tokens under NatGold Digital 's patent-pending digital gold mining model.
Great Eagle Gold Corp. (GEGCF) ha emesso un chiarimento riguardo al suo comunicato stampa del 27 gennaio 2025 relativo all'acquisizione di diritti minerari brevettati. La società ha firmato una lettera di intenti non vincolante datata 24 dicembre 2024, con New Path Resources Inc. per acquisire il 100% degli interessi in diritti minerari, inclusi tre diritti brevettati contenenti risorse aurifere inferite secondo NI 43-101.
La società ha rimosso i riferimenti a 'risorse certificate' in quanto questo termine non è definito in NI 43-101. La Stima delle Risorse Minerarie Inferite di Northshore mostra 6.511.000 tonnellate con un grado di 1,15 g/t Au e un grado di taglio di 0,40 g/t Au, per un totale di 240.100 once nella categoria inferita. Questi diritti brevettati soddisfano i requisiti per la tokenizzazione in NatGold Tokens secondo il modello di mining aurifero digitale in attesa di brevetto di NatGold Digital.
Great Eagle Gold Corp. (GEGCF) ha emitido una aclaración respecto a su comunicado de prensa del 27 de enero de 2025 sobre la adquisición de títulos de derechos minerales patentados. La compañía firmó una carta de intención no vinculante con fecha del 24 de diciembre de 2024, con New Path Resources Inc. para adquirir el 100% de interés en reclamaciones mineras, incluyendo tres reclamaciones patentadas que contienen recursos de oro inferidos según NI 43-101.
La compañía ha eliminado las referencias a 'recursos certificados' ya que este término no está definido en NI 43-101. La Estimación de Recursos Minerales Inferidos de Northshore muestra 6,511,000 toneladas con un grado de 1.15 g/t Au y una ley de corte de 0.40 g/t Au, totalizando 240,100 onzas en la categoría inferida. Estas reclamaciones patentadas cumplen con los requisitos para la tokenización en NatGold Tokens bajo el modelo de minería de oro digital de NatGold Digital que está en espera de patente.
Great Eagle Gold Corp. (GEGCF)는 2025년 1월 27일자 보도자료에 대한 clarification을 발표했습니다. 이 보도자료는 특허받은 광물 권리를 인수하는 것과 관련이 있습니다. 회사는 2024년 12월 24일자 비구속적 LOI를 New Path Resources Inc.와 체결하여, NI 43-101에 따른 추정 금자원 을 포함해 광산 청구권에 대한 100%의 지분을 인수하기로 했습니다.
회사는 '인증된' 자원에 대한 언급을 삭제했습니다. 이는 NI 43-101에서 정의되지 않았기 때문입니다. Northshore 추정 광물 자원은 1.15 g/t Au의 품위로 6,511,000톤을 보여줍니다. 컷오프 품위는 0.40 g/t Au이며, 추정된 범주에서 총 240,100 온스를 차지합니다. 이 특허 청구권은 NatGold Digital의 특허 출원 중인 디지털 금 광산 모델에 따라 NatGold Tokens으로 토큰화될 수 있는 요구 사항을 충족합니다.
Great Eagle Gold Corp. (GEGCF) a émis une clarification concernant son communiqué de presse du 27 janvier 2025 sur l'acquisition de titres de droits miniers brevetés. La société a signé une lettre d'intention non contraignante en date du 24 décembre 2024 avec New Path Resources Inc. pour acquérir un intérêt de 100 % dans des revendications minières, y compris trois revendications brevetées contenant des ressources aurifères inférées selon NI 43-101.
La société a supprimé les références aux 'ressources certifiées' car ce terme n'est pas défini dans NI 43-101. L'Estimation des Ressources Minérales Inférées de Northshore indique 6 511 000 tonnes avec une teneur de 1,15 g/t Au et une teneur de coupure de 0,40 g/t Au, totalisant 240 100 onces dans la catégorie inférée. Ces revendications brevetées répondent aux exigences pour la tokenisation en NatGold Tokens selon le modèle de mining d’or numérique en attente de brevet de NatGold Digital.
Great Eagle Gold Corp. (GEGCF) hat eine Klarstellung zu seiner Pressemitteilung vom 27. Januar 2025 bezüglich des Erwerbs von patentierten Mineralrechten veröffentlicht. Das Unternehmen hat am 24. Dezember 2024 eine nicht verbindliche Absichtserklärung mit New Path Resources Inc. unterzeichnet, um 100% Interesse an Bergbauansprüchen zu erwerben, einschließlich dreier patentierter Ansprüche, die NI 43-101 abgeleitete Goldressourcen enthalten.
Das Unternehmen hat Verweise auf 'zertifizierte' Ressourcen entfernt, da dieser Begriff in NI 43-101 nicht definiert ist. Die Schätzung der abgeleiteten Mineralreserven von Northshore zeigt 6.511.000 Tonnen mit einem Gehalt von 1,15 g/t Au und einem Cut-Off-Gehalts von 0,40 g/t Au, was insgesamt 240.100 Unzen in der abgeleiteten Kategorie ergibt. Diese patentierten Ansprüche erfüllen die Anforderungen für die Tokenisierung in NatGold Tokens gemäß dem patentierten digitalen Goldbergbau-Modell von NatGold Digital, das zurzeit in Bearbeitung ist.
- Property contains 240,100 ounces of gold in inferred resources
- Patented claims have perpetual ownership with zero ongoing carrying costs
- Claims qualify for tokenization under NatGold's patent-pending model
- LOI is non-binding and subject to closing conditions
- Resources are only in inferred category, requiring additional exploration for upgrade
- No demonstrated economic viability of the mineral resources
Burnaby, British Columbia--(Newsfile Corp. - February 4, 2025) - As a result of a review by the British Columbia Securities Commission, the Company is issuing the following release to clarify its disclosure. In addition, the Canadian Investment Regulatory Organization ("CIRO"), has requested that Great Eagle Gold Corp. (CSE: GEGC) (OTC Pink: GEGCF) (FSE: GI8) ("Great Eagle") clarify certain information in its press release entitled "Great Eagle Gold Corp. Announces LOI to Acquire Patented Mineral Rights Titles Containing NI 43-101 Certified Gold Resources" dated January 27, 2025, (the "January 27 Release"), in regards to certain geological information and resource statements. Great Eagle also clarifies that it had signed a non-binding Letter of Intent (LOI) dated December 24, 2024 with New Path Resources Inc. (the "Vendor"), an arms-length party, to acquire a
The January 27 Release contained disclosure that was not in compliance with, and contrary to, NI 43-101. In the January 27 Release, Great Eagle made references to "certified" inferred gold resources and seeks to clarify the Release with the removal of the references to "certified" as this is not a technical term referred to or defined in NI 43-101. In addition, in regards to the inferred resources referred to in the January 27 Release, Great Eagle clarifies as follows:
The NI 43-101 compliant gold resource on the three patented claims referred to in the January 27 Release is:
Northshore Inferred Mineral Resource Estimate
| Tonnes | Grade (g/t Au) | Cut Off Grade (g/t Au) | Total Ounces | Category |
| 6,511,000 | 1.15 | 0.40 | 240,100 | Inferred* |
*Notes:
- The mineral resources have been classified according to the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resources and Mineral Reserves (May 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (2019).
- *Inferred Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resources tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues.
- Resource estimation was conducted by Mr. David Briggs, NHD, Pr.Sc.Nat., of RockRidge Partnership and Associates under the supervision of Mr. Michael Dufresne, M.Sc., P.Geol., P.Geo of APEX Geoscience Ltd. Of Edmonton, Alberta.
- Mr. Dufresne, M.Sc., P.Geol., P.Geo. of APEX Geoscience Ltd., who is a qualified person as defined by NI 43- 101, is responsible for the completion of the mineral resource estimation.
Lawrence Segerstrom, CPG, a Director of Great Eagle, and a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical disclosure in this news release.
It is important to note that completion of the transaction is subject to a number of closing conditions customary to transactions of the nature of the transaction. There can be no assurance that the transaction will be completed as proposed or at all.
About Great Eagle Gold
Great Eagle Gold Corp. (CSE: GEGC) (OTC Pink: GEGCF) (FSE: GI8) is a publicly traded Canadian company, also listed in the United States and Germany, leading a groundbreaking evolution in digital mining. This new approach reshapes how the global gold mining industry realizes gold's intrinsic value. Partnering with New York-based NatGold Digital Ltd., Great Eagle leverages a blockchain-powered, ESG-friendly digital mining process. This method provides a regulatory-compliant way to invest in gold while eliminating the considerable environmental, social, and financial costs of traditional gold mining.
Great Eagle's unique strategy focuses on the supply side of the NatGold ecosystem. By acquiring NI 43-101 gold resources and seamlessly integrating them through a title swap process that meets NatGold Digital Ltd.'s exacting token integrity standards, Great Eagle establishes itself as a pivotal contributor. Together, Great Eagle and NatGold Digital operate at the convergence of three compelling global investment themes: gold, ESG investing, and the tokenization of real-world assets.
For more information, visit www.greateaglegold.com.
On behalf of the board,
Andrew Fletcher, CEO & Director
Great Eagle Gold Corp.
+1 (778) 372-9723
Neither the Canadian Securities Exchange (the "CSE") nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements with respect to Great Eagle's proposed Financing, operations, the LOI with New Path Resources, and the acquisition of NI 43-101 gold resources, the ability to digitally mine NatGold coins, the viability of the NatGold tokenization and monetization ecosystem, and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to Great Eagle's proposed operations, acquiring and developing gold resources and their tokenization, and the receipt of required approvals. Generally, forward-looking statements can be identified by the forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Great Eagle to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Great Eagle's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Great Eagle's required securities filings on SEDAR+. Although Great Eagle has attempted to identify important factors that could cause results to differ materially from those contained in forward- looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239598
FAQ
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