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New Listing: Goldblock Capital (CSE:GBLK)

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Goldblock is in the business of acquiring and exploring mineral properties.

Additional Information:

Company: Goldblock Capital
Stock Symbol: CSE: GBLK
Date Published: Mar 5, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Goldblock Capital is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “GBLK”.

Goldblock is in the business of acquiring and exploring mineral properties.

The company has an option to earn a 100% interest in the Copper Canyon Property which is located 30 kilometres west of Merritt in south-central British Columbia.

The Property lies within the Spences Bridge Group geological unit, a region that includes the Highland Valley porphyry copper and Craigmont copper iron skarn mines, with the Craigmont mine lying only 15km to the North of the property.

The Copper Canyon Property consists of 7 claims totaling 2854 hectares.

The MGT zone has returned an assay of 2.126% copper and 247 parts per billion gold from a single rock sample.

Goldblock has entered into the Option Agreement with Seven Devils Exploration and Multiple Metals Resources, each of which own 50% of the Property, subject to a 1.5% Net Smelter Royalty to be retained by the Optionors.

The company has the right to purchase 0.5% of the NSR from the Optionors for $1,000,000.

Goldblock must make staged payments totaling $192,500 over three years and complete exploration expenditures totaling $450,000 over four years from the date of the Option Agreement.

The company intends to complete the recommended exploration program on the Property set out in the Technical Report, which is available on Sedar.

The company also intends to obtain and explore additional mineral properties of merit.

The shares are bid at $0.12 with no shares offered.

For more information, please contact Jim Mustard, CEO, at 604-980-2445 or by email at jmustard@telus.net.

I’m Cassandra Bolinski for Investmentpitch Media