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Golden Peak Expands Land Position in the Hemlo Greenstone Belt
(via TheNewswire) Vancouver, BC / TheNewswire / June 13, 2017 - Golden Peak Minerals...
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[{"type":"text","content":"Golden Peak Expands Land Position in the Hemlo Greenstone Belt(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / June 13, 2017 - Golden Peak Minerals Inc. (TSX-V: GP; US: GPKMF) (\"Golden Peak\" or the \"Company\") is pleased to announce that it has entered into two option agreements to acquire a 100% interest in additional ground in the Hemlo Greenstone Belt. The option agreements cover ground to the east and west of Barrick's Williams Mine. The Company now controls 15,964 hectares, the largest land position in the belt. \n\n\n \nWes Hanson, President and CEO notes: \"We are very excited to increase our land position in the Hemlo area, one of Canada's most prolific gold producing regions. We believe the Hemlo Greenstone Belt is under explored. The initial discoveries, in the early 80's, progressed rapidly and exploration activity quickly zeroed in on the 22 million ounces that were subsequently produced by the David Bell, Golden Giant and Williams mines. The remainder of the belt saw limited exploration during the initial discovery phase and even less exploration since 2000. As a result, we believe the Hemlo Greenstone Belt offers a compelling investment opportunity for a new discovery in a stable, established mining district with a proven track record of world class mineral discoveries.\"\n\n\n \nFollowing is a location map to the properties: http://goldenpeakminerals.com/projects/heikki-project.\n\n\n \nUnder the terms of the agreement regarding the claims in east Hemlo, in order to earn a 100% interest in the property, the Company must issue 1,600,000 common shares upon acceptance of the agreement by the TSX Venture Exchange and pay $250,000 within six months of Exchange acceptance. The optionors will retain a 2% net smelter return royalty on the property, half of which can be purchased by the Company for $1,000,000.\n\n\n \nUnder the terms of the agreement regarding the claims in west Hemlo, in order to earn a 100% interest in the property, the Company must issue 1,600,000 common shares upon acceptance of the agreement by the TSX Venture Exchange and pay $250,000 within six months of Exchange acceptance. The optionors will retain a 2% net smelter return royalty on the property, half of which can be purchased by the Company for $1,000,000.\n\n\n \nThe option agreements are subject to the acceptance of the TSX Venture Exch...