Antler Gold Announces Agreement to Acquire the Onkoshi Gold Project in Namibia

About this update from Antler Gold, Inc.

[{"type":"text","content":"Antler Gold Announces Agreement to Acquire the Onkoshi Gold Project in NamibiaHalifax, Nova Scotia--(Newsfile Corp. - April 13, 2022) - Antler Gold Inc. (TSXV: ANTL) (\"Antler\" or the \"Company\") is pleased to announce that the Company and its wholly owned subsdiary, Antler Gold Namibia (Pty) Ltd. (\"Antler Namibia\") have entered into a binding agreement dated April 13, 2022 to acquire 90% of the Onkoshi Gold Project (the \"Project\") in Namibia (the \"Agreement\") from an arm's length vendor. The Project will be held in Antler's project generation vehicle (\"Project Generator\") owned 87.5% by Antler and 12.5% by Sherpa Resource Holdings Ltd. (see Antler Press Release dated March 24, 2022 for details).The Onkoshi Gold Project is located approximately 140km northwest of Windhoek, was previously known by the Erindi and Vredelus Projects and has had a significant amount of historical work performed over it in the past. Table 1 contains previous drill holes reported in a NI 43-101 report completed in 2004 for Helio Capital Corporation (\"Helio Technical Report\"). Note that the results below are historic and have not been verified by Antler. Table 1: Summary of Rossing Uranium Ltd. best RC drill and diamond drill intersections calculated at a cut-off of 0.5 g/t Au.DrillholeDepth (m)IntersectionERRC 1812-239.53 g/t Au over 11 mERRC 2351-563.04 g/t Au over 5 mand60-674.88 g/t Au over 7 mERRC 2526-383.09 g/t Au over 12 mERD 211.18-23.535.54 g/t Au over 12.35 mERD 35.92-12.343.27 g/t Au over 6.42 mand70.64-75.6412.85 g/t Au over 5 m Significant exploration potential exists on the Project as outlined in Helio Technical Report and based on the initial review of Project data by Remote Exploration Services (Pty) Ltd. (\"RES\") on behalf of the Project Generator, which includes:Limited historical work over the strike extents of both the historical Erindi and Vredelus Prospects which are contained within EPL 7464 offer immediate exploration targets.Numerous significant gold in rock and gold in soil anomalies discovered during historical sampling campaigns were not followed up with any additional exploration work.Historical analytical lower limits of detection for gold were in the order of 20 ppb and thus potential gold mineralisation with a surface expression of less than 20 ppb would not have been delineated by the historical soil s...

More updates from Antler Gold, Inc.