Golden Rapture agrees deal for land south of Canada’s Goliath project

Golden Rapture Mining has agreed to get implicit involvement successful 4 mineral assertion cells located astir 500m southbound of the projected Goliath Project unfastened pit operated by NexGold Mining, astir 20km eastbound of Dryden, Ontario, Canada.

The statement is signed with 1544230 Ontario and Gravel Ridge Resources.

Described arsenic the South of Goliath ground, the claims are accessible via existing roads and are served by determination infrastructure.

The acquisition volition grow its onshore holdings arsenic a cardinal golden exploration territory successful northwestern Ontario.

Under the presumption of the agreement, Golden Rapture volition wage C$600 ($430.23) successful currency and contented 200,000 shares to the sellers successful speech for afloat ownership of the South of Goliath Property.

The sellers volition support a 1.5% nett smelter instrumentality royalty (NSR) connected immoderate golden oregon mineable products produced.

Completion of the transaction is taxable to support from the Canadian Securities Exchange.

NexGold Mining has reported that the Goliath Gold Project contains proven reserves of 210,000 ounces (oz) of golden and 731,000oz of silver.

In addition, the task is said to person probable reserves of 1.1moz of golden and 993,000oz of silver.

Mineral resources for the task are reported arsenic measured and indicated astatine 2.1moz of gold, with a further 0.8moz classified arsenic inferred resources.

The Goliath Gold Project comprises plans for some open-pit and underground mining, on with milling facilities and a tailings retention area.

In 2019, the task received Federal Environmental Assessment Approval aft the Minister of Environment and Climate Change Canada determined it was improbable to origin important biology harm.

NexGold is presently seeking further permits and authorisations needed for the operation and cognition of the excavation and mill.

In March 2026, NexGold initiated a 30,000m reverse circulation (RC) infill drilling programme astatine the Goldboro Gold Project successful Nova Scotia, Canada.

"Golden Rapture agrees woody for onshore southbound of Canada's Goliath project" was primitively created and published by Mining Technology, a GlobalData owned brand.