Goldplay Mining Inc. /  03. September 2021 /  628 views

Goldplay Mining CEO Catalin Kilofliski updates investors by announcing the acquisition of two major properties with district scale potential for high grade epithermal #gold and #copper deposits in #BritishColumbia.

Goldplay Mining (TSXV:AUC) signed an option agreement with Cazador Resources Ltd. to earn a 100 percent interest in two properties known as Big Frank and Nuit Mountain.

“We’ve announced the acquisition of these properties with grab samples assaying up to 126 grams per tonne gold and over 1 percent copper. The objective here is to really step up the game and be able to attract the interest of major companies,” Kilofliski said.

The Big Frank property covers a 20-kilometre-long favourable geological trend and is located approximately 285 kilometres northwest of Vancouver. The Nuit Mountain property covers an 8-kilometre-long alteration trend and is located 170 kilometres southwest of Williams Lake.

“The deal is structured such that we initially spend our own money and then going forward requires millions of dollars to be spent on those projects because we need to spend to make a significant discovery. A geological setting and geological potential are realistically very, very encouraging here. So we are very excited about this,” added Kilofliski.

Goldplay Mining also released its initial exploration findings from the early field program on the Scottie West project. Results of rock samples have yielded up to 69 grams per tonne silver, 0.90 percent copper, 0.94 percent zinc, with assays pending.

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