Business
Sojourn Ventures Options Golden Triangle Properties from Millrock Resources
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2017) - Sojourn Ventures Inc. (TSXV: S...
About this update from Arcwest Exploration Inc.
[{"type":"text","content":"Sojourn Ventures Options Golden Triangle Properties from Millrock ResourcesCompany Announces $1 Million FinancingVancouver, British Columbia--(Newsfile Corp. - June 14, 2017) - Sojourn Ventures Inc. (TSXV: SOJ) (\"Sojourn\") is pleased to announce that it has entered into option agreements dated June 9, 2017 with Millrock Resources Inc. (\"Millrock\"), entitling Sojourn to earn a 100% interest in Millrock's Oweegee and Willoughby properties, each located in the \"Golden Triangle\" northeast of the town of Stewart, British Columbia. Concurrent with this transaction, Sojourn is also undertaking a private placement to raise $1,000,000 to apply to the exploration of the properties (the \"Placement\").Sojourn also announces that it will be proceeding with a 3:1 share consolidation. All share numbers used in this news release give effect to the consolidation.With this important initial acquisition of property interests, Sojourn is launching a \"prospect generator\" business model initially focused on securing exploration properties of exceptional merit in the highly-prospective Golden Triangle region of British Columbia. Sojourn aims to provide geological expertise and funding to efficiently build value in these properties, and use joint ventures to build resources through the more-expensive drilling stages.The initial acquisitions announced today are an important first step in this plan, and in the Company's opinion represent some of the most prospective targets available in this highly prospective region.Golden Triangle FocusThe Golden Triangle of northern British Columbia continues to be one of the key exploration areas within British Columbia and hosts several significant deposits including: Seabridge Gold's KSM Au-Cu porphyry deposit with total proven and probable reserves of 38.2 million ounces gold and 9.9 billion pounds copper; Barrick Gold's historic Eskay Creek Mine with production of 3 million ounces gold and 160 million ounces silver at an average grade of 48.4 g/t Au and 2,221 g/t Ag; and Pretium Resources' Brucejack epithermal gold deposit with proven and probable reserves of 6.9 million ounces gold.Investors are cautioned that Sojourn Ventures Inc. has not verified the data from the KSM, Eskay or BruceJack deposits. Further, the presence of mineralization on these three properties is not necessarily indicative of simila...