Now we know why anon moved that bid up to .58 about 10 days ago.
CKG benefit....I guess huh. ;)
Kind Regards To All
The Gipper Gunpoint optionee to start option phase for Appaloosa
2023-01-16 10:28 ET - News Release
Mr. Randy Reifel reports
NEWCREST ELECTS TO ENTER INTO THE OPTION PHASE ON APPALOOSA PROPERTY
Gunpoint Exploration Ltd. has received written notice from Newcrest Resources Inc., a subsidiary of Newcrest Mining Ltd., electing to exercise the option to commence the option phase pursuant to the terms of the option and earn-in agreement between the company and Newcrest announced on Sept. 28, 2022.
Pursuant to the terms of the agreement, Newcrest is required to:
- Make a $750,000 (U.S.) cash payment to Gunpoint within 10 business days of the exercise of the option to commence the option phase; and
- Finance a minimum of $2-million (U.S.) of exploration expenditures on Gunpoint's Appaloosa property in Nevada, United States, within the 18-month period commencing on the date of the agreement.
Newcrest will not earn a vested interest in the Appaloosa property during the Option Phase.
About Gunpoint Exploration Ltd.
Gunpoint owns Talapoosa, an open pit, high grade gold-silver project in Nevada. Talapoosa has a NI 43-101 compliant mineral resource estimate by Tetra Tech WEI Inc., with a measured and indicated mineral resource of 1.1 million ounces of gold and 13.6 million ounces of silver at an average grade of 1.11 g/t and 15 g/t, respectively. Inferred mineral resources add an additional 233,500 ounces of gold at 0.72 g/t and 2.2 million ounces of silver at 6.65 g/t.
The technical information contained in this news release has been reviewed and approved by Charlie Ronkos, Director of the Company, a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.
We seek Safe Harbor.