From Dec 16 NR The Menneval Gold Project: The Company intends to focus its 2021 exploration strategy on the Menneval gold project after demonstrating the success of the 2020 program with a series of recent news releases. The latest was our news release dated December 3, 2020 which reported gold mineralization in all 17 samples collected from vein No 18 with assay results ranging from 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick and traced over a strike length of 114m. Assays are pending on samples from nearby trenches M20-19 to 21 and trench M20-22 located 300 m eastward and pending on at least 40 additional quartz veins newly discovered in an 800 m extension of the vein system east of trench M20-22. Assay results are also pending on 600 soil samples collected between Zone 9 and the No. 11 gold occurrence. The 2020 Menneval exploration program is supported in part by a $30,000 contribution to the Menneval gold project under the New Brunswick Junior Mining Assistance Program.
The expanded Menneval gold project is now comprised of 480 claim units covering 10,460 hectares located in northwestern New Brunswick. The Company holds a 100% interest in the Menneval claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.