Makena Resources Acquires Mooshead North Gold Claims in Newfoundland
(firmenpresse) - Makena Resources Acquires Mooshead North Gold Claims in Newfoundland
Vancouver, B.C. - August 7, 2018: Makena Resources Inc. (the "Company" or "Makena) is pleased to announce that it has purchased a 100% interest in the Moosehead Northeast claims in the vicinity of Sokoman Iron Corp. ("Sokoman") (SIC: TSXV) and their recent discovery hole at their Moosehead Gold project in Central Newfoundland.
The 600-hectare Property is made of 25 claims and is located 3.5 kilometers ("km") east from the eastern boundary of the Sokoman Moosehead Property and approximately 6.2 km east northeast from the discovery drilling location. Three logging trails may provide north and south access to the Property that is also located 1.3 km south of trans-Canada highway.
The claims were staked to cover a gold anomaly in one till sample in the eastern area of the Property. Additional work will be required to find the source of the gold anomaly. The Property also covers a regional magnetic high which is most likely caused by the mafic intrusions on the Property. The Company will further investigate the potential for gold in quartz veins and will also perform a compilation of historical data to better define anomalies on the Property.
Sokomans first hole of its 2018 15-hole drill program, MH-18-01, intersected a mineralized zone that returned 11.90 metres ("m") at 44.96 grams Au per tonne from 109.00 m and 120.90 m, including 1.35m at 385.85 grams Au per tonne (See Sokomans news release dated July 24, 2018).
The terms of the acquisition are as follows:
Under the terms of the agreement, Makena has agreed to purchase a 100-per-cent interest in the Moosehead North East claims by paying a cumulative total of $10,000 cash and issuing 9,250,000 shares to arm's-length vendors.
Makena's Chief Executive Officer, Spencer Smyl stated, SIC.Vs encouraging drill results have garnered a great deal of attention and it is very exciting to see Eric Sprott and Palisade Global finance Sokoman for approximately $3.0 million. The activity has created significant staking in the area which Makenas management decided merited an entry into the district.
Qualified Person
Steven Lauzier, P.Geo OGQ, A Qualified Person (QP) as defined by National Instrument 43-101 guidelines, has reviewed and approved the technical content provided in this news release.
If you would like to be added to Makena's news distribution list please send your email address to makenaresourcesinc(at)gmail.com
About Makena Resources
Makena Resources is a Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in Canada.
Contact Information
Tel: 1.604.685.5150
Fax: 1(604) 689-1733
Spencer Smyl
President, Secretary, Director
Makena Resources Inc.
Suite 1470 - 701 West Georgia Street
Vancouver, BC V7Y 1C6
Trading Symbol:
MKNA - Canadian Securities Exchange
A1KB6R-Germany
CANSF--USA
LEI - 549300GR5YIHD2D50G64
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.
Leseranfragen:
Makena Resources ist ein kanadischer Junior-Explorer mit Fokus auf der Schaffung von Mehrwert für seine Aktionäre durch Entdeckungen und strategische Entwicklung seiner Vermögenswerte in Kanada.
" alt="GT Gold Extends Saddle South to East, West and to Depth; Intersects 32.65 g/t Au Over 2.82 Metres (Within 40.02 Metres of 4.67 g/t Au)
Datum: 08.08.2018 - 10:56 Uhr
Sprache: Deutsch
News-ID 579330
Anzahl Zeichen: 3444
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