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Red Lake Gold Receives Asubpeeschoseewagong Anishinabek Correspondence Regarding Mining Activities and Third-Party Litigation
Vancouver, British Columbia – TheNewswire - October 11, 2024 - Red Lake Gold Inc. (CSE: RGLD)(“Red Lake Gold” or the "Corporation" or the “Issuer”) advises that
About this update from Red Lake Gold Inc
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - October 11, 2024 - Red Lake Gold Inc. (CSE: RGLD)(“Red Lake Gold” or the \"Corporation\" or the “Issuer”) advises that it was electronically sent correspondence this week from the Asubpeeschoseewagong Anishinabek (“Asubpeeschoseewagong Anishinabek” or “Grassy Narrows”), a First Nation in Ontario, Canada, notifying (the “Asubpeeschoseewagong Anishinabek Correspondence”) the Issuer of third-party litigation (the “Asubpeeschoseewagong Anishinabek Third-Party Litigation”) and, separately, calling for a cessation of mining activities. The Corporation holds certain mining claims in the Red Lake, Ontario region commonly referred to as its Whirlwind Jack Gold Project (“Whirlwind Jack”), as well as other mining claims near Celt Lake (“Celt Lake”)(Whirlwind Jack and Celt Lake, the “Projects”). Red Lake Gold views its mining claims situated in Ontario, including those forming Whirlwind Jack, as validly subsisting, with all such mining claims having been duly granted and issued by the Government of Ontario pursuant to the Mining Act, R.S.O. 1990, c. M.14 (the \"Ontario Mining Act\") and its regulations. As a claim holder under the Ontario Mining Act, Red Lake Gold is contractually bound, on a legal basis, to the Government of Ontario, who in turn grants mining claims in Ontario and ensures reciprocal continuing performance obligations. As background, mining claims in Ontario, a province located in Canada, generally oblige claim holders to perform exploration work to meet prescribed ordinarily arising annual assessment requirements under the Ontario Mining Act and/or its regulations, with such exploration work by mining claim holders having various prescribed procedures and notices depending upon the format, constitution, impact, etc. More generally, exploration work is also a precursor to advancing the exploration-stage of a mining-related project. To the best knowledge of the Issuer, the general content of the Asubpeeschoseewagong Anishinabek Correspondence was not exclusive in nature to the Issuer and was thematically delivered to multiple mining companies operating in the Red Lake, Ontario region. As a matter of known public record, certain underlying proceedings of the Asubpeeschoseewagong Anishinabek Third-Party Litigation have received mainstream media coverage...