The acquisition is the consequence of a binding agreement signed on
Atlin has various vein structures on the property, with samples showing assays as high as 1oz (35 grams) per tonne. Based on the developed mine levels, a block of likely ore has been identified on the property, containing approximately 76,000 tonnes with an average grade of 0.17oz (6 grams) of gold per tonne. Currently, this resource is non NI 43-101 compliant,
"We are pleased to announce the acquisition of this, our third project in
As consideration for the acquisition,
The new acquisition in
Founded in 2018, the Company is actively looking to secure additional high-quality gold assets with JORC/NI 43-101 verified resources.
In a recent investors call,
Safe Harbor Statements:
Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of
Investor Relations ir@bmxigold.com www.brookmountgold.com Corporate corporate@brookmountgold.com
Source: Brookmount Gold
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