Key Gold Holding Inc.: Confirmation of NI-43-101 Report on Lac Musset Copper Property
December 23 2010 - 7:55AM
Marketwired
Key Gold Holding Inc. (the "Company") (TSX VENTURE: KGH) hereby
announces that on December 20th, 2010, the TSX Venture Exchange
(the "Exchange") confirmed that the NI-43-101 Report on the Lac
Musset Copper Property (the "Property") complied with the
Exchange's Mining Standards Guidelines for disclosure for Mineral
Projects.
Furthermore, Mr. Lessard commented following receipt of the
confirmation by the Exchange on the NI-43-101 Report on the
Property: "for the past year, prices of copper have risen nearly
26%, building upon a staggering 140% increase in 2009, stating an
article in the Globe and Mail from Chris Kelly and Michael Taylor
December 21st, 2010. Resurgence of worldwide demand for this
industrial metal (namely in China) is very good news
Flow-Through Financing
The Company also wishes to disclose that it intends to complete
a non-brokered private placement of no less that 500,000$
consisting of flow-through shares in order to make exploration
expenditures on the Property.
About Key Gold Holding Inc.
Key Gold Holding Inc. is a junior mining exploration company
listed on the TSX Venture Exchange whose mission, among others, is
to invest in small-scale gold production projects and to provide
expertise in financial and mining engineering with the objective of
maximizing return on investments and shareholders' value.
Forward looking Statement:
This document contains certain forward looking statements which
involve known and unknown risks, delays, and uncertainties not
under the Company's control which may cause actual results,
performance or achievements of the Company to be materially
different from the results, performance or expectation implied by
these forward looking statements.
Shares outstanding : 18,360,574
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Key Gold Holding Inc. Louis Lessard President
514-650-4171 louis.lessard@keygoldholding.com
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