Being the easternmost of the three claim packages that make up the
The program is set to commence towards the end of August. ALS Goldspot are providing a highly skilled team of geologists and field technicians with significant experience in
The Company has purchased high-resolution satellite imagery to aide with exploration planning. It also holds magnetics data from a previously flown airborne survey, which is an important tool in mapping geological structures across the property. All existing data is currently being compiled and analysed to highlight areas of focus on
The Golden Giant project comprises three packages of claims,
The Company also wishes to announce a non-brokered private placement through the issuance of 10,000,000 flow-through units (each, a 'FT Unit') of the Company at a price of
Each FT Unit is comprised of one common share in the capital of the Company, issued on a 'flow-through' basis (each, a 'FT Share'), and one-half of one common share purchase warrant, each full common share purchase warrant, (a 'Warrant') entitles the holder to acquire one additional common share of the Company, to be issued on a non-flow-through basis, at an exercise price of
The gross proceeds derived from the sale of the FT Units under Offering will be used for general exploration expenditures on the Company's mineral properties located in
Each NFT Unit will consist of one common share in the Capital of the Company to be issued on a 'non-flow-through' basis (each, an 'NFT Share') at a price of
The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the final approval of the
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Email: aaron.stone@qcxgold.com
Forward-looking statements
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program, the expected positive exploration results, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words 'will', 'should', 'continue', 'expect', 'anticipate', 'estimate', 'believe', 'intend', 'to earn', 'to have', 'plan' or 'project' or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
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