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Red Lake Gold Inc C.RGLD

Red Lake Gold Inc. is a Canada-based junior mining exploration company. The Company’s principal business activities include the acquisition and exploration of mineral property assets. It is focused on high-impact gold exploration through its 21,238-hectare district-scale Whirlwind Jack gold project situated near Red Lake, Ontario. Its projects include Whirlwind Jack Gold Project, Fenelon North Gold Project, Preston District Uranium Project, and Celt Lake Lithium Project. The Whirlwind Jack Gold Project is a district-scale gold exploration project located near Red Lake, Ontario. The Fenelon North Gold Project is situated within the core of the Fenelon gold district. The Preston District Uranium Project, which consists of over 11 mining licenses totaling approximately 56571 hectares, is located in the Athabasaca Basin region of Saskatchewan. The Celt Lake Lithium Project is located in Red Lake Mining District, Ontario, Canada. The Celt Lake Lithium Project has approximately 500 claims.


CSE:RGLD - Post by User

Post by kazzmanon Aug 08, 2018 1:58pm
42 Views
Post# 28428559

TGI.H just announced property mid day-5 cents

TGI.H just announced property mid day-5 cents

 

True Grit to acquire property near Moosehead project

 

2018-08-08 13:28 ET - News Release

 

Mr. Byron Coulthard reports

TRUE GRIT RESOURCES OPTIONS A LARGE PROSPECTIVE PROPERTY CLOSE TO SOKOMAN IRON CORPORATION'S MOOSEHEAD HIGH GRADE GOLD PROJECT IN NEWFOUNDLAND

True Grit has optioned a large property package approximately 6.7 southeast of Sokoman Iron Corp.'s flagship Moosehead high-grade gold project in Newfoundland. The property is two kilometres long by two km wide and roughly on trend with the gold-mineralized mesothermal orogenic quartz vein system that is Sokoman's exploration diamond drilling program.

Sokoman reports in its July 30, 2018, news release, that its first drill hole (MH-18-01) produced an 11.9-metre intersection (109.0 m to 120.9 m depth) that contains 44.96 grams per tonne gold.

True Grit has signed an option to acquire 100 per cent in the property by completing a share issuance and cash payment to the vendor of $15,000 in cash consideration and the issuance of 2.5 million common shares of the company upon exchange approval.

About True Grit Resources Ltd.

True Grit is engaged in the business of acquiring, exploring and developing highly prospective mineral properties in North America. True Grit's portfolio includes lithium, cobalt and gold. 

We seek Safe Harbor.

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