Patriot Gold to purchase Wyoming gold project

Exploration company GFG Resources has signed a definitive agreement for the sale of its Rattlesnake Hills gold project in central Wyoming to Patriot Gold Vault for an aggregate consideration of C$3.3 million.

The district-scale project comprises of 1,573 unpatented lode mining claims as well as eight Wyoming State mining leases covering an area of approximately 30,400 acres. Four significant zones of alteration and precious metal (gold and silver) mineralization have been identified within the project site that are associated with Eocene age alkalic intrusions at North Stock, Antelope Basin, South Stock and Blackjack.

The closing of the transaction is expected to occur by mid-December.

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