Golden Age Exploration (CSE:GDN), a Canadian resource exploration company, is one of the latest new listings on the CSE, following its IPO. On June 9, 2021, Golden Age entered into the Option Agreement to acquire up to an 80% undivided interest in the Magic Property, an early-stage exploration project, by making a combination of cash payments totaling $22,500, issuing a total of 2,000,000 shares and incurring aggregate exploration expenditures of $1,800,000 over a period of four years.
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Golden Age Exploration (CSE:GDN), a Canadian resource exploration company, is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “GDN”, following its Initial Public Offering.
The company raised gross proceeds of $300,000 from the placement of 3 million shares, priced at $0.10 per share.
Research Capital acted as the company’s agent for the IPO.
The shares are current bid at $0.07, with no shares offered and no trades yet.
On June 9, 2021, Golden Age entered into the Option Agreement to acquire up to an 80% undivided interest in the Magic Property, an early-stage exploration project, by making a combination of cash payments totaling $22,500, issuing a total of 2,000,000 shares and incurring aggregate exploration expenditures of $1,800,000 over a period of four years.
The Magic Property, a precious and base metal prospect located on the Chilcotin Plateau in central
British Columbia, is approximately thirty-two kilometres south of the town of Nazko, BC and eighty
kilometers west of Quesnel, BC.
The Magic Property consists of four mineral tenures covering 1,294 hectares of crown land.
Mineralization is known to exist in the area and includes the epithermal gold and silver Baez and Clisbako showings thirty-seven kilometres to the northwest and the Bob showing thirty kilometres to the north.
The Blackwater deposit, 105 kilometres to the northwest and the past producing Blackdome Gold Mine, 165 kilometres to the south-southeast are in similar rocks and demonstrate the potential of the area for hosting further economic epithermal deposits.
The Blackdome Gold Mine produced 6,303 kilograms of gold and 19,518 kilograms of silver from
305,614 tonnes of ore between April 1986 to July 1990.
Initial exploration, consisting of mobile metal ion “MMI™” soil geochemistry generated some spotty anomalies which led to the acquisition of further ground to the north of the original tenures.
Further exploration consisting of MMI™ soil geochemistry, has generated a compelling 1.4 kilometre long, north trending, multi-element anomaly on the current Magic Property that justifies further evaluation.
The company plans to carry out Phase 1 of a two phase exploration program on the Magic Property with
Phase 1 consists of a MMI ™ soil geochemical sampling program and a ground induced polarization survey over an existing MMI™ soil geochemistry anomaly discovered in 2021.
If warranted by the results of Phase 1, Phase 2 will consist of a diamond drill program totaling 2,000 metres to test coincident MMI™ soil geochemistry anomalies and induced polarization geophysical anomalies from Phase 1.
For more information, please visit the company’s website www.GoldenAgeExploration.com, contact Kevin Hanson, CEO at 604-969-4070 or by email at info@GoldenAgeExploration.com.
