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Canadian GoldCamps Corp. (A68.F)

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52 Week Range0.0002 - 0.1300
Volume1,500
Avg. Volume2,158
Market Cap2,630
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
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  • REPEAT -- Canadian GoldCamps Corp. Acquires Advanced Stage Gold Assets Near Bathurst Camp
    GlobeNewswire

    REPEAT -- Canadian GoldCamps Corp. Acquires Advanced Stage Gold Assets Near Bathurst Camp

    Figure 1 Gold and Arsenopyrite Mineralization in Sheared and Silicified Gabbro(2)TORONTO, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Canadian GoldCamps Corp. ("Canadian GoldCamps", or the "Company") (CSE: CAMP) (FSE: A68) is pleased to announce that it has entered into an agreement to acquire, through the purchase of a private BC corporation, thirteen mineral claims referred to as the Elmtree and Alcida Gold Claims, located in New Brunswick, Canada (the “Property”). Property highlights include: * Total property package covering approximately 7,000 acres. * 2010 Micon Preliminary Economic Assessment1 indicating robust IRR at $1,100/oz gold. The Company intends to update this PEA for the historic "Elmtree project". * The current property sits on the majority (265,000 oz) of the NI 43-1012 compliant 294,000 ounces of gold from the historic Elmtree project, which is near surface and includes a higher grade 5 g/t envelope. * Deposit remains open in all directions – a complete digital database of property drill, geochemical, and geophysical data will allow the Company to quickly identify new targets, expand the known zones of mineralization and restart exploration. * 176 drill holes in the property district, 69 completed during 1985-87 and the remaining during 2005-10. * Substantial additional prospective land position acquired in area. * Amenable to open pit mining. * Metallurgical studies completed by SGS and RPC indicate 98% gold recovery on the higher-grade western gabbro zone (WGZ). * Skilled labour force including regional DNR office. * Mining friendly location near City of Bathurst and airport 30 km southeast, paved road access to project, highway and power adjacent to the property.Alex Terentiew, President & CEO commented, “This asset is an additional building block in the Company's evolving Atlantic Canada strategy, as well as its strategy of consolidating exciting projects in known Gold Camps across Canada. The Company intends to have critical mass wherever it operates and to truly be not only an exploration Company, but also a development Company with a pipeline of the most promising projects at every stage from new discovery to pre-production." The historic Elmtree Gold Project contains three defined zones of mineralization hosting 294,000 oz of gold in the inferred and indicated categories. CAMP's acquisition includes the WGZ and SGZ zones, comprising 90 percent of that resource.Historical drilling at the Elmtree Gold Project included nine trenches and 176 holes, with 69 holed completed during 1985-87 and the remaining drill holes during 2005-2010. A resource estimate was prepared in 2008 by Mercator Geological Services Limited3 and updated in 2011 by Micon International Limited2 incorporating additional drilling from the 2007-2009 drill campaigns. There are three identified gold-bearing zones within the Elmtree Gold Project: the West Gabbro Zone (WGZ), the Discovery Zone (DZ) and the South Gold Zone (SGZ).Summary of the Elmtree Gold Project Mineral Resources as at 4 March, 20112(Rounded to the Nearest Thousand)Deposit / ZoneCategoryTonnesAu (g/t)Au ozAg (g/t)Pb %Zn % WGZIndicated1,611,0001.9199,000--- WGZInferred2,053,0001.67110,000--- SGZInferred2,367,0000.7456,000--- DZ ZoneInferred741,0001.1829,0008.430.150.43 Global Resources 6,772,000 294,000    As detailed in the Micon 2010 PEA1, the WGZ has a higher-grade core with gold grades averaging approximately 5.0 g/t within a lower grade envelope with gold grades averaging 1.4 g/t. The SGZ has lower gold grades that average 0.74 g/t.The WGZ has been defined by drilling and trenching over a strike length of at least 400 m, with drilling and geophysics further defining the dip extent to at least 200 m and thickness ranging from less than 5 m to approximately 45 m. Gold at the WGZ occurs in sulphide bearing vein arrays and also within intensely altered host gabbro in association with finely disseminated arsenopyrite and other sulphides.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d913d38-09eb-4b88-8699-ee784fb53886TermsUnder the terms of the share purchase agreement dated October 21, 2020 (the “Purchase Agreement”), the Company will acquire all of the issued and outstanding shares of the BC company from an arm’s length vendor. As consideration Canadian GoldCamps will pay to the vendor C$425,000 (being the repayment of all expenses that have been incurred to date with respect to locating, staking and the maintenance of the Property) and it will issue an aggregate of 17.5 million common shares.Qualified Persons ReviewThe technical and scientific information contained within this news release has been reviewed and approved by Bob Komarechka, P.Geo., a director of Canadian GoldCamps Corp. and Qualified Person as defined by National Instrument 43-101 policy.References:1 Murahwi, C., Martin, A. and Godard, M., 2011: Technical Report NI 43-101 on the Mineral Resource Estimate for the Elmtree Gold Property, Gloucester County, New Brunswick Canada, pages 56, 61-62 and 65.2 Shoemaker, S., Jacobs, C., Cullen, M., 2010: Technical report on Preliminary Assessment of the Elmtree Gold Property, Gloucester County, New Brunswick, Canada.3 Mercator Geological Services Limited, 2008. Technical Report on Mineral Resource Estimate, Stratabound Minerals Corp., Elmtree Gold Property, Gloucester County, New Brunswick, Canada. Prepared by Michael Cullen, P.Geo. and Matthew Harrington.On behalf of the Board of Directors,“Alex Terentiew”Alex Terentiew, President & Chief Executive Officer.About Canadian GoldCamps Corp.Canadian GoldCamps is a Canadian-based gold exploration and development company established to provide investors with exposure to the best opportunities that the next generation of Canadian gold discoveries may present. The Company is intent on being proximal to large new discoveries with a commanding position in these highly active gold camps, as well taking commanding positions in belts that possess all of the ingredients for the next major Canadian gold discovery.For further information, please contact:Canadian GoldCamps Alex Terentiew President and CEO 647-640-2141 | info@goldcamps.caForward Looking StatementsThis news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The historic values stated within this press release have not, at this time, been validated by a qualified person. At this time potential quantity and grade is conceptual in nature, insufficient exploration has been done to define a mineral resource and it is uncertain if a mineral resource will be delineated. The Company disclaims any intention or obligation to revise or update such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • Canadian GoldCamps Corp. Acquires Advanced Stage Gold Assets Near Bathurst Camp
    GlobeNewswire

    Canadian GoldCamps Corp. Acquires Advanced Stage Gold Assets Near Bathurst Camp

    Figure 1 Gold and Arsenopyrite Mineralization in Sheared and Silicified Gabbro(2)TORONTO, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Canadian GoldCamps Corp. ("Canadian GoldCamps", or the "Company") (CSE: CAMP) (FSE: A68) is pleased to announce that it has entered into an agreement to acquire, through the purchase of a private BC corporation, thirteen mineral claims referred to as the Elmtree and Alcida Gold Claims, located in New Brunswick, Canada (the “Property”). Property highlights include: * Total property package covering approximately 7,000 acres. * 2010 Micon Preliminary Economic Assessment1 indicating robust IRR at $1,100/oz gold. The Company intends to update this PEA for the historic "Elmtree project". * The current property sits on the majority (265,000 oz) of the NI 43-1012 compliant 294,000 ounces of gold from the historic Elmtree project, which is near surface and includes a higher grade 5 g/t envelope. * Deposit remains open in all directions – a complete digital database of property drill, geochemical, and geophysical data will allow the Company to quickly identify new targets, expand the known zones of mineralization and restart exploration. * 176 drill holes in the property district, 69 completed during 1985-87 and the remaining during 2005-10. * Substantial additional prospective land position acquired in area. * Amenable to open pit mining. * Metallurgical studies completed by SGS and RPC indicate 98% gold recovery on the higher-grade western gabbro zone (WGZ). * Skilled labour force including regional DNR office. * Mining friendly location near City of Bathurst and airport 30 km southeast, paved road access to project, highway and power adjacent to the property.Alex Terentiew, President & CEO commented, “This asset is an additional building block in the Company's evolving Atlantic Canada strategy, as well as its strategy of consolidating exciting projects in known Gold Camps across Canada. The Company intends to have critical mass wherever it operates and to truly be not only an exploration Company, but also a development Company with a pipeline of the most promising projects at every stage from new discovery to pre-production." The historic Elmtree Gold Project contains three defined zones of mineralization hosting 294,000 oz of gold in the inferred and indicated categories. CAMP's acquisition includes the WGZ and SGZ zones, comprising 90 percent of that resource.Historical drilling at the Elmtree Gold Project included nine trenches and 176 holes, with 69 holed completed during 1985-87 and the remaining drill holes during 2005-2010. A resource estimate was prepared in 2008 by Mercator Geological Services Limited3 and updated in 2011 by Micon International Limited2 incorporating additional drilling from the 2007-2009 drill campaigns. There are three identified gold-bearing zones within the Elmtree Gold Project: the West Gabbro Zone (WGZ), the Discovery Zone (DZ) and the South Gold Zone (SGZ).Summary of the Elmtree Gold Project Mineral Resources as at 4 March, 20112(Rounded to the Nearest Thousand)Deposit / ZoneCategoryTonnesAu (g/t)Au ozAg (g/t)Pb %Zn % WGZIndicated1,611,0001.9199,000--- WGZInferred2,053,0001.67110,000--- SGZInferred2,367,0000.7456,000--- DZ ZoneInferred741,0001.1829,0008.430.150.43 Global Resources 6,772,000 294,000    As detailed in the Micon 2010 PEA1, the WGZ has a higher-grade core with gold grades averaging approximately 5.0 g/t within a lower grade envelope with gold grades averaging 1.4 g/t. The SGZ has lower gold grades that average 0.74 g/t.The WGZ has been defined by drilling and trenching over a strike length of at least 400 m, with drilling and geophysics further defining the dip extent to at least 200 m and thickness ranging from less than 5 m to approximately 45 m. Gold at the WGZ occurs in sulphide bearing vein arrays and also within intensely altered host gabbro in association with finely disseminated arsenopyrite and other sulphides.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d913d38-09eb-4b88-8699-ee784fb53886TermsUnder the terms of the share purchase agreement dated October 21, 2020 (the “Purchase Agreement”), the Company will acquire all of the issued and outstanding shares of the BC company from an arm’s length vendor. As consideration Canadian GoldCamps will pay to the vendor C$425,000 (being the repayment of all expenses that have been incurred to date with respect to locating, staking and the maintenance of the Property) and it will issue an aggregate of 17.5 million common shares.Qualified Persons ReviewThe technical and scientific information contained within this news release has been reviewed and approved by Bob Komarechka, P.Geo., a director of Canadian GoldCamps Corp. and Qualified Person as defined by National Instrument 43-101 policy.References:1 Murahwi, C., Martin, A. and Godard, M., 2011: Technical Report NI 43-101 on the Mineral Resource Estimate for the Elmtree Gold Property, Gloucester County, New Brunswick Canada, pages 56, 61-62 and 65.2 Shoemaker, S., Jacobs, C., Cullen, M., 2010: Technical report on Preliminary Assessment of the Elmtree Gold Property, Gloucester County, New Brunswick, Canada.3 Mercator Geological Services Limited, 2008. Technical Report on Mineral Resource Estimate, Stratabound Minerals Corp., Elmtree Gold Property, Gloucester County, New Brunswick, Canada. Prepared by Michael Cullen, P.Geo. and Matthew Harrington.On behalf of the Board of Directors,“Alex Terentiew”Alex Terentiew, President & Chief Executive Officer.About Canadian GoldCamps Corp.Canadian GoldCamps is a Canadian-based gold exploration and development company established to provide investors with exposure to the best opportunities that the next generation of Canadian gold discoveries may present. The Company is intent on being proximal to large new discoveries with a commanding position in these highly active gold camps, as well taking commanding positions in belts that possess all of the ingredients for the next major Canadian gold discovery.For further information, please contact:Canadian GoldCamps Alex Terentiew President and CEO 647-640-2141 | info@goldcamps.caForward Looking StatementsThis news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The historic values stated within this press release have not, at this time, been validated by a qualified person. At this time potential quantity and grade is conceptual in nature, insufficient exploration has been done to define a mineral resource and it is uncertain if a mineral resource will be delineated. The Company disclaims any intention or obligation to revise or update such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • GlobeNewswire

    REPEAT – Canadian GoldCamps Corp. Acquires Central Newfoundland Gold Belt Licenses; Appoints Keats as Advisor

    TORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Canadian GoldCamps Corp. ("Canadian GoldCamps", or the "Company") (CSE: CAMP) (FSE: A68) is pleased to announce that it has entered into an agreement to acquire a 100% interest in seven highly prospective mineral licenses, comprising 3,025 acres adjacent to and surrounding the western border of New Found Gold Corp.’s Queensway Project in the province of Newfoundland and Labrador, Canada. Alex Terentiew, President & CEO commented “I am excited to announce our first acquisition as Canadian GoldCamps. Our vision at the outset has been to build Canadian GoldCamps into a premier Canadian critical mass gold exploration and development platform for investors seeking exposure to the best opportunities from top-tier management that the next generation of Canadian gold discoveries may present. The Company is intent on being proximal to large new discoveries with a commanding position in both existing and new and highly active gold camps, as well taking commanding positions in belts that possess all of the ingredients for the next major Canadian discovery.These first prospective properties, which will benefit from tens of thousands of metres of upcoming drilling by its neighbors, were acquired with the intent of participating in the resource patrimony apparent along the most important faults associated with discoveries in the province. With their acquisition, the Company now has exposure to the Central Newfoundland Gold Belt, an under explored district with excellent infrastructure that is showing tremendous gold exploration potential, as evidenced by numerous recent high-grade discoveries on the neighbouring Queensway Project. This includes 92.96 g/t over 19 metres in the Keats Zone1 just 2 km from our Bowater claims where historic gold surface sampling has identified values up to 20 g/t2. Given the limited work done to date and the prospective geology, we believe the potential for more high-grade discoveries is excellent.Over the past couple of months, we have been busy evaluating numerous growth opportunities. I expect the acquisition of these Newfoundland properties to be the first of several transactions in the very near-term as we continue to look for attractive projects within Canada that we believe will add value to our shareholders.”Keats as Advisor for NewfoundlandCanadian GoldCamps is also pleased to announce that Wesley Keats has joined the Company as a technical advisor. Mr. Keats is an experienced prospector and project generator based in Newfoundland and Labrador. Over five generations, his family has been involved in prospecting and discoveries in the province and globally, including Point Leamington, Tally Pond, Duck Pond and the high-grade Keats Zone at New Found Gold’s Queensway project, 2 kms from our Bowater project.His career started with Noranda Mining & Exploration in the 1990’s focused in Newfoundland and Labrador. Mr. Keats has owned and operated a global exploration service company for 10+ years completing exploration programs in over seven different countries and covering most major mining jurisdictions around the world. Mr. Keats is currently the Senior Field Exploration Manager for Klondike Gold Corp. where he has worked for the past six years.All Claims Are Proximal to the NE Trending Dog Bay Suture The north-east trending Dog Bay Suture (or Dog Bay Line, as it is often referred to) and the parallel Appleton and JPB Faults have been identified as hosting significant gold-bearing potential, evidenced by New Found Gold’s discoveries on the neighbouring Queensway property, as well as Marathon Gold’s Valentine Lake deposit, approximately 150 km to the south.The Bowater License, contiguous to the west with New Found Gold’s Queensway North property and the nearby high-grade Keats zone, where two drills are currently turning and an initial 12,000m drill program is targeted, returned historic grab samples of up to 20g/t Au by Noranda Exploration Company Limited2 when it was discovered in 1987.At the Bellman’s Pond license, as reported in the provincial assessment reports3, disseminated pyrite and arsenopyrite mineralization occurs in silicified and chloritic greywackes of the Davidsville Group. Two parallel, stratigraphically controlled, gossanous fault zones, spaced about 20m apart and 3-4 meters wide, have returned values up to 4.1 g/t Au with high arsenic values on limited sampling. These fault zones are open for expansion along strike and at depth. Heavy mineral concentrate sampling from tills on the property have returned up to 650ppb Au and 4320 ppm As, which are highly anomalous and warrant follow-up sampling as they occur outside of the known mineralization.The O’Reilly showing, as reported in the provincial assessment reports4,5, consists of an east-northeast trending zone of intense silicification and quartz veining in siltstone or very fine-grained sandstone. Vuggy quartz and chalcedonic silica are the dominant textures with the southern flank of the zone containing a black, silica sealed fault breccia. The alteration has been traced over a 3 km strike length and includes the O’Reilly extension showing 2 km to the northeast, which returned values of up to 6.35 g/t Au. The black, silica-sealed fault breccia at O’Reilly has returned a channel samples of up to 5.2 g/t Au and grab samples of 12.98 g/t.Transaction DetailsThe seven properties, which cover approximately 3,025 acres, are being acquired for total consideration of $20,000 in cash and 1.143 million shares. The acquisition is subject to certain approvals, including regulatory approval. The properties are subject to a 2% royalty, of which 1% may be repurchased for $1 million any time prior to the commencement of commercial production. All values are in Canadian dollars.Qualified Persons ReviewThe technical and scientific information contained within this news release has been reviewed and approved by Bob Komarechka, P.Geo., a director of Canadian GoldCamps Corp. and Qualified Person as defined by National Instrument 43-101 policy.References:1 As reported by New Found Gold Corp. on January 28, 2020. Link to news release.2 Quinlan, Roland and Marilyn, 2015: First year assessment report of prospecting and geochemical investigations on license 22216M. The Golden Bullet Extension Property, Glenwood Area, East Central Newfoundland. Newfoundland and Labrador Department of Natural Resources, Geological Survey 002D/15/0916.3 Christopher, T, 2011: First year assessment report on prospection, rock and soil sampling on the Wings Point South Property, licence 17995M, NTS 2E/02, Newfoundland and Labrador. Assessment Report [002E/02/1803].4 Squires, G C, 2005: Gold and antimony occurrences of the exploits subzone and gander zone: a review of recent discoveries and their interpretation. In Current Research, Mineral Deposits Section, Department of Natural Resources, Government of Newfoundland and Labrador Report 05-1, pages 223-237.5 Smith, R., Butler, Jr., R. and Churchill, R. 2003: First, second and fifth year assessment report on prospecting, trenching, and geochemical sampling on the Mustang Trend, Botwood Basin, Central Newfoundland. Confidential report for Altius Resources Incorporated. Newfoundland and Labrador Department of Natural Resources, Geological Survey, Open File, NFLD/2813.On behalf of the Board of Directors,Alex Terentiew, President & Chief Executive Officer.About Canadian GoldCamps Corp.Canadian GoldCamps is a Canadian-based gold exploration and development company established to provide investors with exposure to the best opportunities that the next generation of Canadian gold discoveries may present. The Company is intent on being proximal to large new discoveries with a commanding position in these highly active gold camps, as well taking commanding positions in belts that possess all of the ingredients for the next major Canadian gold discovery.For further information, please contact:Canadian GoldCamps Alex Terentiew President and CEO 647-640-2141 | aterentiew@goldcamps.caForward Looking StatementsThis news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The historic values stated within this press release have not, at this time, been validated by a qualified person. At this time potential quantity and grade is conceptual in nature, insufficient exploration has been done to define a mineral resource and it is uncertain if a mineral resource will be delineated. The Company disclaims any intention or obligation to revise or update such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.