Business
Golden Goose sells its Montauban properties
MONTREAL, July 22 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is plea...
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, July 22 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR)\n(the "Company") is pleased to announce that it has reached an agreement with\nExcel Gold Mining ("Excel") for the purchase of its Montauban Properties.\n\n\nThe Montauban Properties, which are located approximately 100 km north\neast of Shawinigan in the province of Quebec, include a past producing mine\nthat was operated by the Company from 1982 to 1990. During that period the\nmine produced 550,000 tonnes grading 4.04 g/t gold and 36.6 g/t silver. There\nis no NI43-101 compliant resource presently identified on the property.\n\n\nIn return for a 100% of the mining rights and transferred rights in the\nmine and its 2 adjacent claims, Excel agrees to pay the Company a valued\nconsideration of $150,000 plus a 1% Net Smelter Return (NSR) royalty,\nredeemable for $1,000,000.\n\n\nFrancois Perron, President and CEO comments "This sale agreement allows\nus to focus on our gold project at Magino where we have a NI43-101 compliant\ngold resource of more than 450,000 ounces measured and indicated and\n1,1000,000 ounces in the inferred category."\n\n\nABOUT GOLDEN GOOSE RESOURCES\n\n\nGolden Goose Resources Inc. is a Canadian public company listed on the\nTSX Venture Exchange under the symbol GGR. The Company is principally engaged\nin mineral exploration and acquisition and has a portfolio of gold, platinum\ngroup metals, and nickel properties in Ontario and Quebec.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00004334EF\n\n\n","length":1739,"tagName":"div"}]