Trifecta Gold Ltd. Sells Handsome Jack Property to StrikePoint Gold Inc.
August 14 2018 - 7:00AM
Trifecta Gold Ltd. (TSX-V: TG) (“Trifecta”)
announces that it has sold 100% of its interest in the Handsome
Jack property to StrikePoint Gold Inc. (TSX-V: SKP)
(“StrikePoint”). The Handsome Jack property is located in
British Columbia’s Golden Triangle and borders the past-producing
Porter Idaho Project.
Under the terms of a property purchase
agreement, StrikePoint will issue 250,000 of its common shares and
pay $25,000 to Trifecta. Trifecta has retained a 1% net
smelter return royalty interest (“NSR”) in all future production
from the property. StrikePoint can at any time, purchase
one-half of the NSR from Trifecta for $500,000.
About Trifecta Gold Ltd.
Trifecta is a Canadian precious metal
exploration company dedicated to increasing shareholder value
through the acquisition and development of attractive exploration
projects in Canada, the United States and other mining friendly
jurisdictions. Trifecta is currently focused on its Yuge
project, a high-grade mesothermal gold prospect in northern
Nevada.
ON BEHALF OF THE BOARD
“Dylan Arnold-Wallinger”
President and Chief Executive Officer
For further information concerning Trifecta or
its various exploration projects please visit our newly updated
website at www.trifectagold.com or contact:
Corporate
InformationTrifecta Gold Ltd.Dylan WallingerPresident and
CEOTel: (604) 687-2522 |
|
This news release may contain forward looking
statements based on assumptions and judgments of management
regarding future events or results that may prove to be inaccurate
as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected
results.
Neither
the 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.
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