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GoldMining Completes Acquisition of Almaden Gold Project in Idaho
GoldMining Completes Acquisition of Almaden Gold Project in Idaho Canada NewsWire ...
About this update from Goldmining Inc.
[{"type":"text","content":"\n\n\n\nGoldMining Completes Acquisition of Almaden Gold Project in Idaho\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 3, 2020\n\n\n\nHighlights:\nTotal consideration paid was $1,150,000, comprised of $575,000 in cash and issuing 337,619 common shares at a deemed price of $1.70 per share (subject to a 4-month hold and additional re-sale restrictions); GoldMining has engaged a qualified person to complete a technical report and current resource estimate for the Project based on significant historic exploration, which includes 70,234 m of drilling; and GoldMining's project portfolio expands to 16 properties in 5 countries. VANCOUVER, March 3, 2020 /CNW/ - GoldMining Inc. (the \"Company\" or \"GoldMining\") (TSX: GOLD; OTCQX: GLDLF) is pleased to announce the completion of its previously announced indirect acquisition of the Almaden Gold Project (the \"Almaden Project\"), located in west-central Idaho, from Sailfish Royalty Corp. and its wholly-owned subsidiary.\nThe total purchase price under the transaction was $1,150,000, which was satisfied by the Company paying $575,0000 in cash and issuing 337,619 GoldMining shares at a deemed price of $1.70 per share. \nThe shares issued under the transaction are subject to a four month and one day hold period and certain additional ongoing resale restrictions pursuant to the terms of the agreement.  \nThe Company has engaged an independent qualified person to complete a technical report and current resource estimate for the Almaden Project.  The qualified person will review and verify historic sampling and results, examine the cut-off grade with reference to today's metal prices, and update the historical resource estimate on the Almaden Project completed by Western Standard Metals Ltd. in 2009. \nThe Project\nThe Almaden Project covers approximately 1,724 Ha and is located approximately 140 km by road north of Boise and approximately 24 km east of Weiser in Washington County, Idaho.  \nThe Almaden Project is one of several low-sulphidation epithermal gold deposits related t...