Carlin Gold Corp.

Published : March 27th, 2018

Constantine and Carlin Option Three Yukon Properties to Fireweed Zinc

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Constantine and Carlin Option Three Yukon Properties to Fireweed Zinc

VANCOUVER, British Columbia, March 27, 2018 (GLOBE NEWSWIRE) -- Constantine Metal Resources Ltd. (CEM.V) ("Constantine") and Carlin Gold Corporation (CGD.V) (“Carlin”) are pleased to announce signing of a Letter Agreement (“Agreement”) granting Fireweed Zinc Ltd. (“Fireweed”) the Option to Purchase a 100% interest in three properties (namely MC, MP and Jerry) totaling 624 claims in the Mac Pass area, Yukon. Total consideration for Fireweed to acquire a 100% interest in the properties includes an aggregate of CDN $500,000 in cash, and issuance of 300,000 common shares in the capital of Fireweed, to be paid over three years.  The claims were staked in 2011 under the Constantine Carlin Joint Venture (“CCJV”), and all option payments and royalties will be split 50% payable to Constantine and 50% payable to Carlin.

The Agreement includes net smelter return royalty (“NSR”) rights retained by Constantine and Carlin, consisting of a 0.5% NSR on base metals and silver and a 2.0% NSR on all other metals. An additional payment of CDN $750,000 is payable upon Fireweed producing an indicated resource of 2.0 million tonnes on the optioned properties.

The CCJV controls an additional ten (10) properties in the greater Mac Pass area, totaling 1,835 claims and approximately 37,700 hectares that are available for sale or option (Figure 1).  These include multiple early-stage gold prospects with high tenor gold-in-soil anomalies. Gold exploration activity has recently picked up in Yukon’s Selwyn Basin, with two separate option agreements announced in 2017 by Newmont and Barrick with junior explorers that include over CDN $100 million in combined total earn-in expenditures. For additional information please visit Constantine’s website (www.constantinemetals.com).

About Constantine

Constantine is a mineral exploration company led by a proven technical team with a focus on premier North American mining environments. In addition to the Company’s flagship copper-zinc-silver-gold Palmer VMS Project, Constantine also controls a portfolio of high-quality, 100% owned, gold projects in the Timmins camp, Ontario. This includes the large, well located Golden Mile Property in Timmins and the Munro Croesus Gold Property that is renowned for its exceptionally high-grade past production. Management is committed to providing shareholder value through discovery, meaningful community engagement, environmental stewardship, and responsible mineral exploration and development activities that support local jobs and businesses. Please visit Constantine’s website (www.constantinemetals.com) for more detailed company and project information.

About Carlin

Carlin Gold Corporation’s primary focus is on gold exploration in Nevada, USA, where it controls three 100% owned properties.   All three properties contain Carlin-style targets and are available for option.  The Cortez Summit property consists of 142 unpatented claims centrally located on the Cortez Trend, which contains a major gold endowment that exceeds 45 million oz. total gold produced, reserves and resources (Nevada Bureau of Mines and Geology annual mineral reports, Barrick annual reports).  The JDS property consists of 77 unpatented claims located approximately 13 miles southeast of Cortez Summit and three miles east of NuLegacy Gold’s Iceberg discovery.  The Willow property consists of 89 unpatented claims located in northeast Nevada, northwest of the Long Canyon gold discovery in the Pequop Mountains, owned by Newmont Mining Corporation. For additional information please visit Carlin’s website www.carlingold.com

On Behalf of Constantine Metal Resources Ltd.

“Garfield MacVeigh”

President & CEO

For further information please contact: 
Garfield MacVeigh, President or Darwin Green, VP Exploration 
Phone: 604-629-2348. Email: info@constantinemetals.com 

On Behalf of Carlin Gold Corporation

“K. Wayne Livingstone”

President & CEO

For further information please contact: 
K Wayne Livingstone, President & CEO 
Phone: 604-638-1402

Notes
Forward looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements").” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, "forecast", “expect”, "potential", "project", "target", "schedule", budget" and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.  All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the option agreement with Fireweed Zinc Ltd., the CCJV’s mineral properties and other future plans, objectives or expectations of Constantine and Carlin are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Constantine’s and Carlin’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by Constantine and Carlin with securities regulators. Although Constantine and Carlin have attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8c6edc3b-c1fc-4f4b-8939-03db451be213 

Read the rest of the article at https:
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All

Carlin Gold Corp.

CODE : YG2.BE
ISIN : CA1422401002
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Carlin gold is a gold exploration company based in .

Carlin gold holds various exploration projects in Canada, in China and in USA.

Its main exploration properties are LHS PROPERTY, DOME-HIHO and IOWA CANYON in USA.

Carlin gold is listed in Canada and in Germany. Its market capitalisation is €UR 1.0 millions as of today (US$ 1.2 millions, € 1.2 millions).

Its stock quote reached its lowest recent point on April 09, 2020 at €UR 0.00, and its highest recent level on May 29, 2020 at €UR 0.20.

Carlin gold has 78 939 464 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate news of Carlin Gold Corp.
7/16/2015Carlin Gold Corporation: $150,000 Received from Sale of Mark...
9/16/2013Starts Cortez Summit Core Drilling Program
10/25/2012Reports Initial Cortez Summit Drilling Results, and Plans fo...
9/25/2012Completes Initial Cortez Summit Drilling; Moves Drill to its...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
BERLIN (YG2.BE)TSX-V (CGD.V)
0.013+0.00%0.200-16.67%
BERLIN
€UR 0.013
09/23 09:08 -
0%
Prev close Open
0.013 0.013
Low High
0.013 0.013
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.013 -%
Volume 1 month var.
10,000 -%
24hGold TrendPower© : 8
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202442.86%0.270.14
2023600.00%0.200.01
2022-50.00%0.050.02
2021-27.27%0.070.03
2020450.00%0.070.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.28+4.15%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.67%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.07+0.49%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.43+6.00%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.86+5.08%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.91+1.34%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.