is pleased to announce that crews are on site in preparation for the 10,000-meter phase 1 diamond drill program at the Golden Sidewalk Project in the Birch-Uchi region of Red Lake.
At least two linear targets with potential strike lengths of greater than five km have been identified based on the coincidence of induced polarization resistivity-high and linear magnetic-low signatures, and their proximity to the regional unconformity.
The RSUs are payable in common shares of the Company, or the cash equivalent, on the redemption date, being three years from the date of grant, and vest in three equal instalments over three years.
The recently identified “Golden Corridor” lies immediately north of the unconformity in the western portion of the property and is characterized as a highly prospective, greater than 5 kilometre trend of coincident favourable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 3.3 by 0.5 kilometres.
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 TSX Venture Exchange and applicable Canadian securities regulations.