SABINA GOLD & SILVER CORP. The Company has issued 50,000
“In our first 6 months with this project, our team has completed surface rock & channel sampling, regional and infill till surveys and a high-resolution helicopter MAG/EM survey. We have identified a number of target areas and the Golden Corridor has become an exciting exploration target on its own with the recently outlined pristine gold grain-in-till anomaly,” commented
Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9363ed79-9cc0-4191-acfe-add966ea714d
| Golden Sidewalk- Skinner Option w/ | |||||||||
| Date | Cash | PGX Shares | Exploration | % Acquired | Status | ||||
| TSXV Approval | $ | 20,000 | 50,000 | $ | 0 | 0 | % | Complete | |
| $ | 0 | 50,000 | $ | 150,000 | 0 | % | Complete | ||
| $ | 10,000 | 250,000 | $ | 500,000 | 0 | % | |||
| $ | 10,000 | 550,000 | $ | 750,000 | 70 | % | |||
| $ | 10,000 | 600,000 | $ | 1,200,000 | 100 | %(1) | |||
| Total | $ | 50,000 | 1,500,000 | $ | 2,600,000 | 100 | % | ||
Note: (1) Subject to a 2% NSR on certain claims/leases in favour of Sabina, 1% of which can be repurchased by the Company upon payment of
Table 1. Option Agreement Terms with Sabina
For a detailed overview of
About the Golden Sidewalk
The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases (see the Company's
Qualified Person
The scientific and technical information in this news release has been reviewed by
ON BEHALF OF THE BOARD OF DIRECTORS
Per: “
President & CEO
For further information, please contact:
President & CEO
Cell: (250) 316-6644
Email: Pete@ProsperGoldCorp.com
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the planned exploration and prospectivity of the Golden Sidewalk project, the Company fulfilling additional obligations and acquiring a 100% interest in the Property; and the Company being fully funded for 2021 are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the
Neither the
Figure 1
Map showing Sabina Option Property relative to Golden Sidewalk Project .
2021 GlobeNewswire, Inc., source
