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InvestmentPitch Media Video Discusses GGX Gold's "Exclusivity Letter" with Golden Dawn Minerals to Conduct Due Diligence Prior to the Potential Acquisition of Golden Dawn's Kettle River Claim Group - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2019) - GGX Gold (TSXV: GGX) (OTCQB: GGX...
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[{"type":"text","content":"InvestmentPitch Media Video Discusses GGX Gold's \"Exclusivity Letter\" with Golden Dawn Minerals to Conduct Due Diligence Prior to the Potential Acquisition of Golden Dawn's Kettle River Claim Group - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - May 9, 2019) - GGX Gold (TSXV: GGX) (OTCQB: GGXXF) (FSE: 3SR2) has signed an \"Exclusivity Letter\" with Golden Dawn Minerals (TSXV:GOM) to potentially acquire Golden Dawn's Kettle River Claim Group. GGX Gold has a sixty day \"Exclusivity Period\" to conduct its due diligence investigation for a possible acquisition. For more information, please view the InvestmentPitch Media \"video\" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"GGX Gold\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_kt6tynxn/GGX-Gold-signs-exclusivity-letter-with-Golden-Dawn-to-potentially-acquire-Kettle-River-Claim-group-in-Greenwood-Mining-campDuring this period, GGX Gold will investigate claim standings, exploration data and complete an independent third-party valuation of the Kettle River Claim Group, located in the Greenwood Mining Camp of southern British Columbia. After the Exclusivity Period, GGX may negotiate a mutually acceptable \"Definitive Agreement\" with Golden Dawn for acquisition of all or part of the Kettle River Claim Group, which consists of 2 separate claim blocks, the Phoenix and the Tam O'Shanter claim blocks.The first block, referred to as the Phoenix claim block, is directly adjacent to the Gold Drop property owned by GGX Gold.The 10,321 hectare Phoenix claim block consists of:• 51 mineral tenure claims• 57 Crown grants with sub-surface rights covering the historic Phoenix mine• 24 Crown grants with surface rights that include old town site lots from Phoenix• 20 Crown grants with sub-surface rights over historic mine workings• 49 documented mineral showings• 30+ historical past producing minesThis claim block also includes the historic Phoenix mine, which originally operated as an underground operation from the early 1890's. In 1956 Granby Mining started an open pit mining operation which ran until 1978. During the open pit mining period the Phoenix Mine prod...