Nevada Canyon Gold Corp. Secures Swales Gold Property Lease
Reno, Nevada – Nevada Canyon Gold Corp. (OTCQX Markets: NGLD) has officially completed an Asset Purchase Agreement with Metals One Nevada Inc., a subsidiary of Metals One Plc, for the Swales Gold Property. This agreement represents a significant step forward in Nevada Canyon's expansion efforts in the mining sector.
Details of the Asset Purchase Agreement
The agreement entails Metals One acquiring the Swales lease, originally comprising 40 unpatented mining claims. Metals One has since added 99 more claims, enriching the lease to a total of approximately 2780 acres and 139 unpatented mining claims. In financial terms, the purchase agreement includes a cash payment of US$100,000 and grants Nevada Canyon a 2% net smelter royalty on the newly combined mining claims.
Strategic Importance of the Swales Property
The Swales Property is strategically positioned within the Carlin Trend, a renowned gold mining area known for its wealth of resources. This location is closely situated near significant mining operations, approximately 13 miles northeast of the Gold Quarry Mine and 16 miles southeast of the Goldstrike Mine, both major contributors to the area’s gold production. The Carlin Trend currently hosts eight active gold mines and has a historic production record exceeding 100 million ounces of gold, with current reserves estimated at over 21 million ounces.
Access and Infrastructure
This property features excellent year-round accessibility and infrastructure, establishing Elko County as one of the most favorable regions for mining development in Nevada. The abundant resources and established mining operations support Nevada Canyon's growth ambitions.
About Nevada Canyon Gold Corp.
Nevada Canyon Gold Corp. is a dedicated natural resource company based in Reno, Nevada. Known for its strategic land holdings, the company focuses on high-grade historical mining districts and maintains a robust business model that includes mineral royalty creation and acquisition, precious-metals streaming and financing, and the acceleration of exploration projects.
Contact Information
For those interested in learning more, please feel free to reach out to:
Corporate Communications
Larry Heuchert
Tel: 1-888-909-5548 Ext. 2
Email: ir@nevadacanyongold.com
Web: www.nevadacanyongold.com
Frequently Asked Questions
What is the significance of the Swales Gold Property?
The Swales Gold Property is strategically located within the rich Carlin Trend, enhancing Nevada Canyon's mineral assets.
What does the Asset Purchase Agreement entail?
The agreement allows Metals One to acquire the Swales property along with additional mining claims, strengthening its mining capabilities.
Who is Nevada Canyon Gold Corp.?
Nevada Canyon Gold Corp. is a US-based natural resource company engaged in mining development and exploitation, headquartered in Reno, Nevada.
How does the acquisition impact Nevada Canyon's future?
This acquisition positions Nevada Canyon for growth within one of the world's richest mining trends, with substantial gold reserves.
How can I find out more about Nevada Canyon's projects?
Interested parties can contact the company's communications team or visit their official website for the latest updates.
