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Gold'n Futures Signs Binding LOI for the Balance of the Mosquito Hill Gold Deposit on Its Brady-Huxter Gold Project in Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2023) -   GOLD'N FUTURES MINERAL ...
About this update from Gold'n Futures Mineral Corp.
[{"type":"text","content":"Gold'n Futures Signs Binding LOI for the Balance of the Mosquito Hill Gold Deposit on Its Brady-Huxter Gold Project in NewfoundlandVancouver, British Columbia--(Newsfile Corp. - October 16, 2023) -  GOLD'N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M) (OTC Pink: GFTRF) (the \"Company\" or \"Gold'n Futures\") is very pleased to announce that it has entered into a binding letter of intent (the \"LOI\") with Stephen Stockley Agriculture and Fabrication Inc. (\"SSAF Inc.\"), an arm's length third party, to acquire a 100% undivided interest in two mineral licenses (the \"New Licenses\") to complete its coverage of the Mosquito Hill Gold Deposit in the Province of Newfoundland and Labrador. The effective date of the LOI is October 11, 2023.Highlights of the Acquisition:Gold'n Futures' can boast a property of 2,350 ha with two significant deposits.The Brady-Huxter Gold Project now contains all of the Mosquito Hill Gold Deposit and the Reid Gold Zone.The Project has aggregated historical Indicated Resources of 196,257 gold ounces and Inferred Resources of 742,496 gold ounces. (Table 2 & Cautionary Note)All gold zones remain open to expansion both along strike and to depth.Gold'n Futures' President and CEO, Stephen Wilkinson, remarked, \"The assembling of our Brady-Huxter gold project is now complete and contributes an established gold asset to the value of our Company. The two large porphyry-hosted gold deposits have well-recognized historical gold resources on which our geological team is excited to get to work. Being open along strike and to depth, both the Mosquito Hill deposit and the Reid gold zone could be developed into large, world-class mines. With our recently amalgamated Brady-Huxter project and the pending new resource estimate on the Company's Hercules gold property in Ontario, Gold'n Futures could potentially far exceed its initial million-ounce target.\"\"The Gold'n Futures partnership aligns with SSAF Inc.'s overall asset development strategy and underscores our focus on forging long-term beneficial collaborations. Securing the crucial Mosquito Hill deposit opens up a notable resource potential, and we anticipate promising outcomes as Gold'n Futures advances the project,\" commented Angie Stockley, Chief Commercial Officer of SSAF Inc., President of the NL Minerals Collective.The New LicensesThe New Licenses cove...