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South Wawa Property


On February 14, 2018, the Company signed an Agreement to acquire a 100% interest in the South Wawa gold property from Argo Gold Inc. in consideration of 350,000 common shares of the Company (issued on March 1, 2018).

The South Wawa gold property consists of two mineral claims totalling 16 units or 256 hectares located approximately 10 kilometres south of the Town of Wawa, Ontario in Naveau Township. The Property is bordered to the north by Red Pine Exploration Inc.

Argo completed an MMI orientation survey, channel sampling, prospecting, mapping and grab sampling on the Property during the 2017 field season. The results of the channel sampling confirmed historic results. Prospecting delineated mineralized zones around an area termed the Camouflage vein. The highest gold grades obtained from prospecting samples are 11.6 g/t Au and 10.1 g/t Au (Argo Gold Press Release October 24, 2017 and Assessment Report dated December 22, 2017 prepared for Argo by Ronacher McKenzie Geoscience).

The Company’s landholdings in the Wawa area now include four properties: Norwalk, Dill River, Golden Reed Mine and South Wawa, with a combined area of 1,376 hectares.