Golden Goliath Sells Mexican Exploration Assets
Golden Goliath Resources (TSXV: GNG) (OTC: GGTHF) has announced the sale of its Mexican exploration assets to a Fresnillo plc subsidiary. The deal includes various concessions sold for USD$75,000 (50% paid on signing, 50% upon Mexican authority registration) and royalties for USD$25,000. Additional concessions will be sold for USD$50,000 pending certain conditions. The company is now focusing on its Ontario gold properties - Wish Ore near Sault Ste Marie and Dixie Road near Red Lake's Kinross Great Bear deposit - along with four REE projects in Quebec.
Golden Goliath Resources (TSXV: GNG) (OTC: GGTHF) ha annunciato la vendita dei suoi beni di esplorazione in Messico a una controllata di Fresnillo plc. L'accordo include varie concessioni vendute per USD$75,000 (50% pagato al momento della firma, 50% al momento della registrazione presso le autorità messicane) e royalties per USD$25,000. Ulteriori concessioni saranno vendute per USD$50,000 al raggiungimento di determinate condizioni. L'azienda sta ora concentrando i suoi sforzi sulle proprietà aurifere in Ontario - Wish Ore vicino a Sault Ste Marie e Dixie Road vicino al deposito Kinross Great Bear di Red Lake - insieme a quattro progetti REE in Quebec.
Golden Goliath Resources (TSXV: GNG) (OTC: GGTHF) ha anunciado la venta de sus activos de exploración en México a una filial de Fresnillo plc. El acuerdo incluye varias concesiones vendidas por USD$75,000 (50% pagado en la firma, 50% al momento de la registración ante las autoridades mexicanas) y regalías por USD$25,000. Se venderán concesiones adicionales por USD$50,000 bajo ciertas condiciones. La compañía ahora se está enfocando en sus propiedades de oro en Ontario - Wish Ore cerca de Sault Ste Marie y Dixie Road cerca del depósito Kinross Great Bear en Red Lake - junto con cuatro proyectos de REE en Quebec.
골드 골리앗 리소스 (TSXV: GNG) (OTC: GGTHF)는 멕시코 탐사 자산을 프레스닐로 plc의 자회사에 판매했다고 발표했습니다. 이번 거래에는 여러 권리금이 포함되어 있으며, 판매가는 USD$75,000입니다 (서명 시 50% 지급, 멕시코 정부 등록 시 50% 지급) 그리고 로열티는 USD$25,000입니다. 추가 권리금은 특정 조건을 충족하면 USD$50,000에 판매될 예정입니다. 현재 이 회사는 온타리오주에 있는 금 속성 - Sault Ste Marie 근처의 Wish Ore와 Red Lake의 Kinross Great Bear 광산 근처의 Dixie Road에 집중하고 있으며, 퀘벡에서 네 개의 희토류 프로젝트도 진행하고 있습니다.
Golden Goliath Resources (TSXV: GNG) (OTC: GGTHF) a annoncé la vente de ses actifs d'exploration au Mexique à une filiale de Fresnillo plc. L'accord comprend diverses concessions vendues pour USD$75,000 (50% payés lors de la signature, 50% lors de l'enregistrement auprès des autorités mexicaines) et des redevances de USD$25,000. Des concessions supplémentaires seront vendues pour USD$50,000 sous certaines conditions. L'entreprise se concentre désormais sur ses propriétés aurifères en Ontario - Wish Ore près de Sault Ste Marie et Dixie Road près du gisement Kinross Great Bear à Red Lake - ainsi que sur quatre projets de REE au Québec.
Golden Goliath Resources (TSXV: GNG) (OTC: GGTHF) hat den Verkauf seiner Erkundungsaktivitäten in Mexiko an eine Tochtergesellschaft von Fresnillo plc bekannt gegeben. Der Deal umfasst verschiedene Konzessionen, die für USD$75,000 verkauft werden (50% bei Unterzeichnung, 50% bei Registrierung bei den mexikanischen Behörden) sowie Lizenzgebühren in Höhe von USD$25,000. Zusätzliche Konzessionen werden unter bestimmten Bedingungen für USD$50,000 verkauft. Das Unternehmen konzentriert sich jetzt auf seine Goldvorkommen in Ontario - Wish Ore in der Nähe von Sault Ste Marie und Dixie Road in der Nähe des Kinross Great Bear Vorkommens in Red Lake - sowie auf vier REE-Projekte in Quebec.
- Sale of Mexican assets generates USD$150,000 in total proceeds
- Reduction in carrying costs through asset divestment
- Increased working capital from asset sale
- Complete exit from Mexican market reducing geographical diversification
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2024) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZA) ("Golden Goliath") is pleased to report that it has sold its remaining Mexican exploration assets to a subsidiary of Fresnillo plc. Various concessions were sold for USD
Golden Goliath CEO Paul Sorbara said, "Golden Goliath is focussed on the exploration of its two
On behalf of the Board of Directors
Paul Sorbara, MSc PGeo (retired)
CEO, Golden Goliath Resources Ltd.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Company is focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario.
To find out more about Golden Goliath visit our website at www.goldengoliath.com.
Cautionary Statements Regarding Forward-Looking Information
Certain statements included herein may constitute "forward-looking statements". All statements included in this press release that address future events, conditions or results, including in connection with exploration activity, future acquisitions and any financing, are forward-looking statements. These forward-looking statements can be identified by the use of words such as "may", "must", "plan", "believe", "expect", "estimate", "think", "continue", "should", "will", "could", "intend", "anticipate" or "future" or the negative forms thereof or similar variations. These forward-looking statements are based on certain assumptions and analyses made by management in light of their experiences and their perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. These statements are subject to risks, uncertainties and assumptions, including those mentioned in the Company's continuous disclosure documents, which can be found under its profile on SEDAR (www.sedarplus.ca). Many of such risks and uncertainties are outside the control of the Company and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In making such forward-looking statements, management has relied upon a number of material factors and assumptions, on the basis of currently available information, for which there is no insurance that such information will prove accurate. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., P.Geo
President & CEO
Phone: +1 (604) 682-2950 Email: jps@goldengoliath.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227992
FAQ
How much did Golden Goliath (GGTHF) sell its Mexican assets for?
What are Golden Goliath's (GGTHF) main assets after selling Mexican properties?
Who purchased Golden Goliath's (GGTHF) Mexican exploration assets?
