DOG LAKE PROPERTY, ONTARIO
In June 2017, the Company acquired a 100% interest, subject to a 2% Net Smelter Royalty, in the Dog Lake Gold Property located approximately 59 km northeast of Wawa, Ontario, for consideration of $10,000 and 1,500,000 common shares of the Company.
The Dog Lake property consists of 75 units in 9 claims for a total area of approximately 1,112 hectares. The Property is located 20 km east of Island Gold Mine and 3 km west of Missanabie.
The Vendor of the Property is Michael Tremblay, Field Consultant to the Company and the 2013 Ontario Prospector of the Year.
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. We seek safe harbour.