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The Gander West Property consists of 120 claims covering 3,000 hectares of prospective ground, and is located approximately 16 kilometres (km) from the centre of New Found Gold Corp.’s
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b0291be8-7bf5-41e8-9eec-f8e94bedfae6
The Gander West Property is mostly unexplored and is located in the midst of a well known gold belt, along a strong NE-SW structural lineament within a magnetic-low corridor, and immediately south of a prominent magnetic-high anomaly. High-grade gold occurrences (>50g/t Au in grab samples) occur in quartz veins 2.5 km southwest of the Gander West Property.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/492cc810-5839-4140-927f-398a5afeb2de
The Gander West Property is already permitted for exploration, including ground geophysics, geochemical surveys, and prospecting.
Trius’ President and CEO
The Transaction has been closed in escrow, pending
The Purchased Assets will be a novel, direct mineral exploration holding within the Company’s broader investment portfolio. Trius is acquiring the Purchased Assets as a passive investment, and does not intend to operate the Gander West Property directly. However, Trius may engage third-party technical and exploration consultants to advance its mineral property holdings so as to increase their monetization potential.
About
Trius is an investment issuer increasing its exposure to the precious metals sector through a variety of novel investment structures, including acquiring gold exploration properties in
Trius is a portfolio company of
For further information, please contact:
President & CEO
Phone: (647) 880-6414
Cautionary Statements
Neither
Information and links in this press release relating to New Found Gold Corp. are from sources believed to be reliable, but that have not been independently verified by Trius. These links are included in this press release as inactive textual references for reference purposes only and the information on or connected to these websites is not part of, or incorporated by reference into, this press release.
This press release contains certain forward-looking statements, including those relating to advancing and monetizing the Gander West Property, and the acquisition of other mineral exploration investments. These statements are based on numerous assumptions regarding the Purchased Assets that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property, the exploration or monetization potential of the Purchased Assets and specifically the Gander West Property; challenges in identifying, structuring, and executing additional investments and acquisitions, on favourable terms or at all; risks inherent in mineral exploration activities and investments in the mineral exploration sector; volatility in financial markets, economic conditions, and precious metals prices; and those other risks described in the Company’s continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.
Source:
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