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Transaction Announcement Reports
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Project: | Riverside | |
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Deposit: | Riverside | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 6/26/2017 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 26-6-2017: Northern Lion Gold Corp. announces a Supporting Acquisition report for its Riverside deposit at the Riverside project. Property summary in support of acquisition. This report was commissioned by Northern Lion Gold Corp. (the “Company”), with of | |
Resources: | x | |
CP/QP: | [Overall Report]: Derrick Strickland (Independent) | |
ABSTRACT: | This report was commissioned by Northern Lion Gold Corp. (the “Company”), with offices at 488 – 625 Howe Street, Vancouver, B.C. V6C 2T6, and prepared by Derrick Strickland, P. Geo. As an independent professional geologist, the author was asked to undertake a review of the available data, and recommend, if warranted, specific areas for further work on the Riverside Property (or the “Property”). This technical report was prepared to support a property acquisition on the TSX Venture Exchange. The Riverside Property consists of three non-surveyed contiguous mineral claims totalling 491.60 hectares located on NTS maps centered at Latitude 50° 40’ 0” Longitude -119° 59’ 34”. The claims are located within the Kamloops Mining Division of British Columbia. The Riverside Property is located 20 kilometres east of city of Kamloops, British Columbia, and overlooks Monte Creek on the South Thompson River. In an option agreement dated March 9, 2017 between Northern Lion Gold Corp. and Andrew Molnar. The Company can earn a 100% undivided interest in the Property from Andrew Molnar through the issuance of 400,000 shares of Northern Lion Gold Corp. a payment of $20,000 CDN upon execution of the agreement, then pay additional $50,000 CDN on first anniversary date, and the expenditure of $75,000 CDN towards exploration work on the Property within six months following the acceptance of the option agreement by the TSX Venture Exchange. Andrew Molnar is sole registered owner of the Property. | |
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