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Pivit Acquires Land Package Contiguous to Sokomans Moosehead Gold Project, Newfoundland, Canada
Vancouver, British Columbia (FSCwire) - This press release replaces the press release disseminated July 26, 2018 at 11:32AM ET. The press release contained inco
About this update from Red Lake Gold Inc
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - This press release replaces the press release disseminated July 26, 2018 at 11:32AM ET. The press release contained incorrect information in the fourth paragraph. The corrected press release is below: Pivit Exploration Inc. (CSE: PIVT) (the \"Company\" or \"Pivit\") is pleased to announce that the Company has acquired the Moosehead South Gold claims that are contiguous to the south end of the Sokoman Iron Corp. (TSX: SIC.V) Moosehead Gold Project in Newfoundland. Sokoman recently reported a drill intersection of 44.96 grams per tonne (g/t) gold over 11.9 metres (see Sokoman press release dated July 24th, 2018). Pivit President Mike England states, \"We are pleased to have been able to secure this set of claims adjoining Sokoman, approximately 2.1 km from their recent discovery hole. Management made the decision to acquire these claims due to their close proximity to this exciting new discovery and to ensure our shareholders have exposure to this potentially hot new area of interest.\" The newly acquired property is 2.5 km long by 1.5 km wide and traverses the TransCanada Highway and Bay d'Espoir Highway (Route 360). Mineralization in the Moosehead area appears to be associated with east-west trending quartz veins associated with a north dipping fault system. Under the terms of the Agreement, Pivit has agreed to purchase a 100% interest in the Moosehead South claims by paying $25,000 and issuing 500,000 shares on approval of the agreement by the TSX Venture Exchange (the \"Exchange\"). The technical contents of this news release were approved by Dr. Scott Jobin-Bevans, P.Geo., a Qualified Person as defined by the National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 Technical Report. About Pivit Pivit is engaged in the business of mineral exploration and the acquisition of mineral properties for the benefit of its stakeholders. On Behalf of the Board of Directors Michael England For further information, please contact: Michael England Chief Executive Officer, President and Director 604-683-3995 Forward-Looking Statements: This news release includes certain forward-looking statements and forward-looking information (collectively, \"forward-looking statements\") within the meaning of applicable Canadian securities legislati...