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Antler Gold Acquires Etiro Dome License Adding Land to Erongo Project, Namibia
Halifax, Nova Scotia--(Newsfile Corp. - May 7, 2020) - Antler Gold Inc. (TSXV: ANTL) (" Antl...
About this update from Antler Gold, Inc.
[{"type":"text","content":"Antler Gold Acquires Etiro Dome License Adding Land to Erongo Project, NamibiaHalifax, Nova Scotia--(Newsfile Corp. - May 7, 2020) - Antler Gold Inc. (TSXV: ANTL) (\"Antler\" or the \"Company\"), is pleased to announce the further consolidation of its land holdings for the Central Erongo Gold Project (\"the Project\") through the acquisition of the Exclusive Prospecting License EPL 6550, (the \"License\" or \"EPL\") from a Namibian citizen on an arm's length basis with no finders fees (the \"Vendor\"). EPL 6550 lies adjacent to EPL 7854 which Antler has under application and along trend from EPL's 6162 and 7261 which Antler has under option (see press releases dated September 10, 2019 and February 24, 2020).EPL 6550 comprises 24.8km2 of prospective ground adjacent to the Osino Resources Gold Kuppe Project and covers a large geological dome structure (the 'Etiro Dome'). The Etiro Dome structure shares many similarities with the Karibib and Usakos domes, which are interpreted to have played an important part in concentrating the gold mineralizing fluids which formed the Navachab gold deposit and related satellite deposits. Historical exploration on EPL 6550 in the late 1980's identified numerous anomalous (up to 150 ppb) gold in stream sediment anomalies and rock chip sampling from gossanous quartz veins returned gold values up to 0.5 g/t gold. Note these results are historic and have not been verified by Antler. See map below for the location of EPL 6550 and Antler's other land holdings in the area.Figure 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5124/55520_8a3a2b19242e1896_001full.jpgDan Whittaker, President and CEO of Antler commented, \"This acquisition adds to our prospective land package for the Central Erongo Gold Project. EPL 6550 contains the Etiro Dome and at least two significant historically outlined gold anomalies. The entire EPL represents an interesting target due to the interpreted importance these dome structures play in concentrating gold mineralizing fluids, as demonstrated by the Navachab and satellite deposits.\"Acquisition TermsPursuant to the Purchase Agreement, Antler may acquire a 100% interest in EPL 6550 by paying the arm's length vendor a cash payment of C$3,500, issuing 10,000 common shares of Antler and C$2,500 of common shares of Antler based on ...