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Vior Announces Strategic Investment in Nevada Gold Explorer
QUEBEC CITY, May 31, 2019 (GLOBE NEWSWIRE) -- SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC. ("Vior"), (TSX-Venture: VIO, FRANKFURT: VL51) – is pleased to announce a s
About this update from Vior Gold Corporation Inc.
[{"type":"text","content":" QUEBEC CITY, May 31, 2019 (GLOBE NEWSWIRE) -- SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC. (\"Vior\"), (TSX-Venture: VIO, FRANKFURT: VL51) – is pleased to announce a strategic investment in Carlin-Type Holdings Ltd (‘’CTH’’). This is an arm’s length transaction. CTH is a private “Corporation”, incorporated under the Business Corporations Act (British Columbia) whose wholly owned Nevada subsidiary Ridgeline Minerals Corporation (Ridgeline), holds the option to acquire a 100% interest in three highly prospective Carlin-Type gold exploration projects in the world-class Carlin and Battle Mountain Eureka Trends of Nevada. Vior has invested $210,600 in the initial seed round of financing, providing it with an equity interest of approximately 8.3% in CTH. Vior has also been granted a pre-emptive right to participate on a pro-rata basis in CTH’s next equity private placement financing. Ridgeline’s highly prospective Carlin-East (1,700 hectares), Swift (2,792 hectares) and Selena (2,590 hectares) projects (Figure 1) represent a unique opportunity to make a new discovery in proven mining districts within the No.1 ranked mining jurisdiction in the world. Ridgeline will further increase the odds of discovery by leveraging its strategic partnership’s with EMX Royalty Corp. and Envirotech Drilling LLC to significantly reduce overhead and direct drilling costs, ensuring exploration dollars are going in the ground during the early phase of the exploration cycle. Carlin-East is a 17-square kilometer underexplored core land position in the Carlin Trend that is on trend with Newmont’s multi-million ounce Leeville-Turf gold mine and next to Barrick’s Goldstrike (50+ Moz. Au, past production and reserve) complex. The primary ore controlling structures of the Leeville-Turf mine extend onto the Carlin-East property and coincide with a pronounced gravity geophysics high. A conceptual Carlin-Type exploration target has been defined within this structural corridor and Ridgeline is in the process of completing additional geophysics, sampling, mapping, and historic data review before an initial drill program on this high priority target in the summer of 2019. Swift is a 28-square kilometer core land position on the Battle Mountain-Eureka trend. The property is directly on trend with the Cortez district which includes the prolific multi-million ounce gold mines...