The transfer is comprised of four separate properties (the 'Properties) totaling 1,023 claims and 21,000 ha (210 square km) which were part of a joint venture with HighGold.
Agreement Terms
Carlin has entered into an agreement with HighGold to transfer its interest in the Properties in consideration of a cash payment of
Background on the
The Properties were first staked between 2010 and 2011 as part of a major gold-focused grassroots exploration program in
HighGold acquired its initial 50% interest in the Properties during the Company's formation through the Plan of Arrangement 'spin-out' from Constantine in 2019. Over the last three years, portions of the large property package were optioned off to
About HighGold
HighGold is a junior mineral exploration company focused on high-grade gold projects located in
About Carlin
Carlin controls two 100% owned gold exploration properties in
Contact:
Tel: (604) 638-1408
Web: www.carlingold.com
Forward-looking statements
This news release includes certain 'forward-looking information' within the meaning of Canadian securities legislation and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively 'forward-looking statements'). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'forecast', 'expect', 'potential', 'project', 'target', 'schedule', 'budget' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding any future benefits from the transfer of its Yukon gold properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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