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GoldMining to Acquire the Crucero Gold Project in Peru from Lupaka Gold
GoldMining to Acquire the Crucero Gold Project in Peru from Lupaka Gold Canada New...
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[{"type":"text","content":"\n\n\n\nGoldMining to Acquire 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.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 19, 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 an inferred 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 will treat this 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;\nApproximately 23,000 m of diamond drilling over 72 holes have been completed;\n10 additional geophysical and geochemical targets identified on the Project to date;\nTotal consideration at closing will be 3,500,000 common shares and $750,000 in cash representing approximately 3% dilution to GoldMining shareholders; and\nRepresents GoldMiningꞌs first acquisition in Peru, which is among the worldꞌs largest producers of gold, copper and silver, and ranks as one of the most attractive jurisdictions for mining investment in Latin America (Fraser Institute, 2016).\n\n\n\nVANCOUVER, Sept. 19, 2017 /CNW/ - GoldMining Inc. (the \"Company\" or \"GoldMining\") (TSX-V: GOLD; OTCQX: GLDLF) is pleased to announce that it ...