VANCOUVER, British Columbia–(BUSINESS WIRE)–HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) (“HighGold” or the “Firm”) publicizes the acquisition of three mineral properties (collectively, the “Acquisitions”) surrounding the Firm’s Munro-Croesus Gold Undertaking (“Munro-Croesus” or the “Undertaking”) situated within the higher Timmins area, Ontario. The Acquisitions are a part of an ongoing effort by the Firm to assemble and consolidate claims at Munro-Croesus (see information launch dated December 14, 2020) that’s now as much as 32 km2 (3187 ha) in dimension. The Undertaking is adjoining to Freeway 101 within the coronary heart of the Abitibi greenstone belt, Canada’s premier gold mining jurisdiction with over 200 million ounces of historic gold manufacturing.
“Previously 12 months we now have accomplished 10 separate property acquisitions surrounding Munro-Croesus for a ten-fold enhance within the dimension of the Undertaking space,” commented President and CEO Darwin Inexperienced. “The persevering with meeting and consolidation of those claims has allowed HighGold to ascertain one of many dominant land holdings on this extremely potential and productive area of the higher Timmins gold camp.”
Deal Phrases
HighGold, by way of its wholly owned subsidiary, entered three separate agreements (the “Agreements”) with numerous arm’s size distributors (the “Distributors”) to amass an mixture of 12 single-cell mining claims, three patented mining claims, one leasehold property consisting of 4 mining claims protecting a complete space of roughly 4 km2 (398 ha) within the Timmins area, Ontario (collectively, the “Acquired Properties”). In consideration of the Acquisitions and topic to TSX Enterprise Alternate (the “TSXV”) acceptance, as relevant, the Firm has made, or agreed to make, money funds within the mixture quantity of CAD$200,000 and USD$150,000 to the Distributors and issued an mixture of 60,000 frequent shares of the Firm to the Distributors. Pursuant to the Agreements, the Acquired Properties are topic to sure internet smelter returns royalties, a portion of which royalties could also be bought again by the Firm.
About HighGold
HighGold is a mineral exploration firm centered on high-grade gold tasks situated in North America. HighGold’s flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Undertaking situated in accessible Southcentral Alaska, USA that comprises an Indicated Useful resource of two.14 Mt grading 10.93 g/t gold equal (AuEq) for 750,000 ounces AuEq and a further Inferred Useful resource of 0.58 Mt grading 7.16 g/t gold equal for 134,000 ounces AuEq (see Technical Report titled “Preliminary Mineral Useful resource Estimate for the Johnson Tract Undertaking, Alaska” dated June 15, 2020) together with glorious exploration potential indicated by a number of different prospects over a 12-kilometer strike size. The Firm additionally controls a portfolio of high quality gold tasks within the higher Timmins gold camp, Ontario, Canada that features the Munro-Croesus Gold property, which is famend for its high-grade mineralization, and the massive Golden Mile and Golden Perimeter properties. HighGold’s skilled Board and senior administration crew, are dedicated to creating shareholder worth by way of the invention course of, cautious allocation of capital, and environmentally/socially accountable mineral exploration.
On Behalf of HighGold Mining Inc.
“Darwin Inexperienced”
President & CEO
For additional data, please go to the HighGold Mining Inc. web site at www.highgoldmining.com.
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Ahead trying statements: This information launch contains sure “forward-looking data” inside the that means of Canadian securities laws and “forward-looking statements” inside the that means of the US Personal Securities Litigation Reform Act of 1995 (collectively “ahead trying statements”). Ahead-looking statements embody predictions, projections and forecasts and are sometimes, however not at all times, recognized by way of phrases resembling “search”, “anticipate”, “consider”, “plan”, “estimate”, “forecast”, “anticipate”, “potential”, “undertaking”, “goal”, “schedule”, “price range” and “intend” and statements that an occasion or end result “might”, “will”, “ought to”, “might” or “may” happen or be achieved and different related expressions and contains the negatives thereof. All statements aside from statements of historic reality included on this launch, together with, with out limitation, statements relating to the Acquisitions, the Firm’s anticipated exploration plans and the timing of future actions of the Firm are forward-looking statements that contain numerous dangers and uncertainties. There will be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements are based mostly on quite a few materials components and assumptions together with, with out limitation, that market fundamentals will lead to sustained valuable metals demand and costs, the receipt of any mandatory permits, licenses and regulatory approvals in reference to the Acquisitions or the long run exploration and improvement of the Firm’s tasks, the supply of financing on appropriate phrases for the exploration and improvement of the Firm’s tasks and the Firm’s means to adjust to environmental, well being and security legal guidelines.
Ahead-looking statements contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Such dangers and different components embody, amongst others, precise exploration outcomes, adjustments in undertaking parameters as plans proceed to be refined, outcomes of future useful resource estimates, future steel costs, adjustments within the monetary markets, availability of capital and financing on acceptable phrases, dangers referring to epidemics or pandemics resembling COVID-19, together with the impression of COVID-19 on the Firm’s enterprise, monetary situation and outcomes of operations, common financial, market or enterprise circumstances, uninsured dangers, adjustments of laws or legal guidelines, defects in title, availability of personnel, supplies and tools on a well timed foundation, accidents or tools breakdowns, delays in acquiring governmental and regulatory approvals (together with the acceptance for submitting of the Acquisitions by the TSXV), unanticipated environmental impacts on operations and prices to treatment similar, dangers associated to mining actions, the mixing of acquisitions and the mining business usually in addition to different dangers detailed herein and, sometimes, within the filings made by the Firm with securities regulators. Though the Firm has tried to establish essential components that might trigger precise actions, occasions or outcomes to vary from these described in forward-looking statements, there could also be different components that trigger such actions, occasions or outcomes to vary materially from these anticipated. There will be no assurance that forward-looking statements will show to be correct and accordingly readers are cautioned to not place undue reliance on forward-looking statements.
