First post of this bullboard I took a small starter postion. A very specualtive play. I researched the investment climate in
Kyrgyzstan. Rockwealth participates in Realgold private placement
2019-07-29 06:21 ET - News Release
Mr. Dev Randhawa reports
ROCKWEALTH RESOURCES CORP. PROVIDES UPDATES ON REALGOLD RESOURCES CORP.
Further to its news release dated July 22, 2019, Rockwealth Resources Corp. has assisted Realgold Resources Corp. in raising funds pursuant to a private placement at 20 cents per common share to further develop its projects. The company's chief executive officer and director, Dev Randhawa, invested $200,000 into Realgold and certain other third parties invested $200,000 into Realgold, for a total of $400,000. The company continues to conduct due diligence on Realgold and its properties located in Kyrgyzstan.
The Tien Shan gold belt is an extensive geological province containing greater than 200 million ounces of gold and is host to several giant gold deposits, including the world's single-largest operating gold mine (Muruntau in Uzbekistan) to the west and the giant Kumtor mine in eastern Kyrgyzstan to the east end of the belt. The company believes that Realgold's portfolio of gold assets has the geological potential to host large Carlin-type gold-rich mineral deposits within the Tien Shan gold belt.
Mr. Randhawa and Ross McElroy, director of the company, stated: "We are excited to potentially complete a deal with Realgold and its world-class team. Realgold's team includes its president, Doug Kirwin, MSc, geology, who has over 45 years of international exploration experience including detailed knowledge of Tien Shan geology and mineral deposits. Realgold's portfolio covers the world's second-largest confirmed Carlin terrain and includes 16 properties covering approximately 274,000 hectares."
Doug Kirwin, president and director of Realgold
Mr. Kirwin continues a successful career in the international mining sector. As executive vice-president of Ivanhoe Mines, he was a key member of the discovery of the giant Oyu Tolgoi copper deposits in Mongolia, acquired by Rio Tinto, earning his team the prestigious Thayer Lindsey award in 2004 for the most significant international mineral discovery. Mr. Kirwin also recommended the acquisition of the Kainantu project to the founders of K92 Mining Inc. Corp., which now operates the very successful high-grade Kainantu gold mine in Papua New Guinea. He remains involved with the project as a senior technical adviser. In addition to contributing to the discovery of several other significant gold mines and deposits, he continues his role as an adjunct professor at James Cook University, Australia.
Further information
Further details regarding any potential transaction involving Realgold and its properties will be provided in a future news release, if and when the company and Realgold execute a letter of intent in respect thereof. There can be no assurance that any transaction will be completed.
Qualified person
The scientific and technical information contained in this news release as it relates to Realgold has been reviewed and approved by Ross McElroy, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.