Business
Gold'n Futures Signs Binding LOI for the Huxter Lane Claims Which Cover a Significant Portion of the Mosquito Hill Gold Deposit Adjacent to Its Brady Gold Project in Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2023) - GOLD'N FUTURES MINERAL CORP...
About this update from Gold'n Futures Mineral Corp.
[{"type":"text","content":"Gold'n Futures Signs Binding LOI for the Huxter Lane Claims Which Cover a Significant Portion of the Mosquito Hill Gold Deposit Adjacent to Its Brady Gold Project in NewfoundlandVancouver, British Columbia--(Newsfile Corp. - September 18, 2023) - GOLD'N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M) (OTC PINK: GFTRF) (the \"Company\" or \"Gold'n Futures\") is pleased to announce that it has entered into a binding letter of intent (the \"LOI\") with an arm's length third party (the \"Holder\") to acquire a 100% undivided interest in certain mining claims known as the Huxter Lane Claims in the Province of Newfoundland and Labrador (the \"Property\").Highlights of the Acquisition:The Huxter Lane Claims (the \"HL Claims\") comprise five mineral licenses containing 52 claims that cover 1,300 hectares (\"ha\")The HL Claims are contiguous with Gold'n Futures' Brady property and more than double the project area held by Gold'n Futures.With the addition of the HL Claims, the Company's holdings contain two significant gold zones hosting historical gold resources;The Reid gold deposit (see the company's new dated May 25, 2021) and,The northeast portion of the Mosquito Hill gold deposit .All gold zones remain open to expansion both along strike and to depth.Gold'n Futures' President and CEO, Stephen Wilkinson commented, \"The Huxter Lane Claims are an ideal acquisition for our Company and the timing of the acquisition could not be better. The presence of a large porphyry-style gold deposit within the property makes the asset quite valuable and should only get more valuable as we enter the next bullion rally. When added to our adjoining Brady project and including the new mineral resource estimate pending for the Hercules gold property in Ontario, Gold'n Futures may be well on its way to joining the million-ounce club of emerging gold companies.\"The Huxter Lane ClaimsThe HL Claims are located 50 kilometers (\"km\") southeast of the town of Gander in central Newfoundland. The property is surrounded by Exploits Discovery Corp.'s Great Bend Project claims (https://exploitsdiscovery.com/great-bend/) and is also approximately 10 km west of the New Found Gold Corp. - Queensway gold property boundary (https://newfoundgold.ca/project/queensway-project/ ).The Huxter Lane property (Table One) is contiguous with and lies southeast of the Gold'n Futures'...