Business
Ready Set Gold Corp. Clarifies Technical Disclosure
Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - Ready Set Gold Corp. (CSE: RDY) ("Ready Set Gold" or the "Company") announces that related to a review b
About this update from Newpath Resources Inc
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - Ready Set Gold Corp. (CSE: RDY) (\"Ready Set Gold\" or the \"Company\") announces that related to a review by the British Columbia Securities Commission it is issuing this news release to clarify its disclosure related to the Afric zone on the Northshore Gold Project. The information contained in this news release is intended to provide clarification to this disclosure in the Company's January 12, 2021 news release (the \"News Release\") and its website at tabs \"Our Projects - Northshore - Learn More (https://readysetgoldcorp.com/projects/northshore/)\" and cautions investors not to rely on this estimate since a qualified person (QP) has not done sufficient work to estimate current mineral resources or mineral reserves. In the News Release and the website, the Company disclosed the following historical estimate in respect of the Afric Zone on the Northshore Gold Project without certain related disclosure and cautionary language required pursuant to the Standards of Disclosure for Mineral Properties (\"NI 43-101\"): In a technical report on the mineral resources of the Northshore property, GTA Resources reported that the Afric zone contained 391,000 ounces gold in 12,360,000 tonnes at a grade of 0.99 gram per tonne (g/t) gold in the indicated category and 824,000 ounces gold in 29.58 million tonnes at a grade of 0.87 g/t gold in the inferred category, using a cut-off grade of 0.50 g/t gold. Specifically, the Company would like to clarify that the Afric Zone on the Northshore Gold Project contains a historical estimate as defined by Part 1.1 of NI 43-101 and: a) the resource estimate, prepared by Giroux Consulting Ltd. and Minorex Consulting Limited as a National Instrument (NI) 43-101 Technical report for GTA Resources and Mining Inc. (GTA) dated June 30, 2014 (available on sedar.com under the company profile for GTA Financecorp Inc.). b) the Company considers the historical estimate to be relevant since it was prepared to NI 43-101 standards at the time and as such gives an insight into the Afric zone, its mineralization and grades, but cannot comment on the reliability of such historical estimate as the historical estimate has not been independently verified by a QP for the Company. However, under NI 43-101 it is considered a \"historical estimate\", as it was prepared f...