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GoldMining Completes Acquisition of the Crucero Gold Project in Peru from Lupaka Gold
GoldMining Completes Acquisition of the Crucero Gold Project in Peru from Lupaka Gold ...
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[{"type":"text","content":"\n\n\n\nGoldMining Completes Acquisition of the Crucero Gold Project in Peru from Lupaka Gold\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.prngen4{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen1{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 21, 2017\n\n\n\nHighlights:\n\n\nAcquisition of a 100% interest in the Crucero Gold Project in Southeastern Peru;\nLupaka previously reported a pit constrained indicated resource of 1.00 million ounces grading 1.01 g/t gold and aninferred resource of 1.03 million ounces grading 1.03 g/t gold at a 0.4 g/t gold cut-off at the Project (see Table 1 below). GoldMining is treating this estimate as a historic estimate and plans to engage a qualified person to complete the necessary work to verify the estimate and complete an independent technical report (see below);\nApproximately 23,000 m of diamond drilling over 72 holes have been completed historically; and\nTotal consideration at closing will be 3,500,000 common shares and $750,000 in cash representing less than 3% dilution to GoldMining shareholders.\n\n\n\nVANCOUVER, Nov. 21, 2017 /CNW/ -GoldMining Inc. (the \"Company\" or \"GoldMining\") (TSX-V: GOLD; OTCQX: GLDLF) is pleased to announce that, further to its news release dated September 19, 2017, the Company has completed its acquisition of the Crucero Gold Project (the \"Project\") located in Southeastern Peru from Lupaka Gold Corp. (\"Lupaka\").  This transaction represents GoldMining's first acquisition in Per...