Gold’N Futures Executes Option to Acquire Claims Contiguous with Its Brady GOLD Property’S Reid GOLD Zone in Newfoundland
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NEWS RELEASE CSE: FUTR
OTC: GFTRF
May 25, 2021 FSE: G6M
GOLD’N FUTURES EXECUTES OPTION TO ACQUIRE CLAIMS CONTIGUOUS WITH
ITS BRADY GOLD PROPERTY’S REID GOLD ZONE IN NEWFOUNDLAND
VANCOUVER, BC -- (Newsfile – May 25, 2021) GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M),
(OTC: GFTRF) (the "Company” or “Gold’n Futures”) is pleased to report it has entered into a definitive
option agreement to acquire 34 mineral claims (the “ Option”), covering 850 hectares (“ha”) (the
“Claims”). The Claims all but surround the Company’s current Brady Gold Property and its Reid Gold
Zone.
Highlights of the Option:
• The consideration to be paid pursuant to the Option is entirely common share consideration
with no cash payment;
• Upon full exercise of the Option , the Company will be transferred 100% title to the Claims,
subject to a 2% royalty;
• The Option expands the Brady Gold Property by approximately 9-fold to 950 ha;
• The Claims protect about 4½ km of favorable gold-related regional structure, and;
• The Claims contain gold in soil anomalies and geophysical setting for gold mineralization.
Stephen Wilkinson, President and CEO commented, “Gold’n Futures sees this Option as highly strategic
and potentially very important to the ultimate advancement of our Brady gold project into production.
We can confidently explore for the expansion of the Reid Gold Zone both along strike and to depth.
Equally important, the Brady Gold Property gives our Company a significant beachhead in the vigorous
and exciting exploration environment of Newfoundland.”
Terms of the Option
To exercise the Option , Gold’n F utures will issue , over the next three years , an aggregate of 3 million
shares to the vendor. Upon completion of the share issuance, the vendor will hold a 2% Net Smelter
Returns royalty. The assessment work required for 2021 to maintain the claims is $8,500 or
$250/claim.
The Brady Gold Project
The Project is located 50 kilometres south of the town of Grand Falls – Windsor in central Newfoundland
and is approximately 80 kilometres southwest of the New Found Gold Corp. – Queensway gold project.
The Reid Gold Zone is the main area of exploration and mineralization.
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The Reid Gold Zone is classified as an intrusion-hosted style of gold mineralization. Several episodes of
diamond drilling totaling 30 diamond drill holes and 6,350 metres of core have defined the zone over a
strike length of 300 metres, a width of 250 metres and to a vertical depth of 225 m etres and the zone is
reportedly open along strike and to depth.
The last reported diamond drilling on the Reid Gold Zone was in 20 11 when Golden Dory Resources
Corp. completed an additional 2,638.54 met res of core in eight holes (BO-11-23 to 30) and extended
BO-09-16 by an additional 147.08 met res as the hole had been terminated in mineralization in 2009.
The program was reportedly successful and encountered some of the best grades drilled to date
including BO-11-25 which intersected 25.45 metres grading 1.48 g/t Au including 7.80 met res grading
3.62 g/t Au.
Next Steps
Gold’n Futures is planning to initiate field work exploration on the Brady Gold Project in the beginning of
summer this year. Work has already commenced on compiling the historical geological, geophysical
and geochemical studies with the view of targeting certain unexplained gold and arsenic, and
geophysical anomalies that occur outside of the Reid Gold Zone. As soon as practical, the Company
will commission a new high -definition airborne geophysical survey over the entire project claims to
supplement th e old government regional survey. Fieldwork will begin once the compilation and
airborne survey(s) are completed to explore for altered and/or mineralized rocks in float or bedrock.
Coincident with the above, Gold’n Futures will be laying out plans for diamond drilling to infill and
expand upon the historical resources of the Reid Zone, and to test any new occurrences discovered by
its field programs. Drilling should be initiated upon receipt of the required permits and may be able to
occur in or about September 2021.
Qualified Person
The scientific and technical conte nt of this press release has been prepared, reviewed and approved by
Mr. Walter Hanych, P. Geo., who is a Qualified Person under NI 43 -101 regulations and is a director of
the Company.
About Gold’n Futures Mineral Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a Canadian based exploration
company advancing its flagship Hercules gold project located in the Hercules -Elmhurst property. The
Hercules is a well- known high -grade gold Project, located 120 kilometres northeast of Thunder Bay,
Ont., in the townships of Elmhurst and Rickaby, within the Thunder Bay North Mining District in the
heart of the Beardmore – Geraldton gold mining camp . The property lies within an Archean
greenstone belt that extends from the Longlac area in the east to Lake Nipigon in the west, a distance of
about 130 kilometres. It comprises 475 contiguous claim cells ( 10,052 ha ). To date, the work
completed on the Hercules forms an extensive database including reconnaissance grab samples; channel
samples; a variety of geophysical surveys; and, historical drilling totalling in the order of 537 holes – all
of which is being remodeled for planning of the 2021 exploration program.
Gold’n Futures’ other gold asset is the Brady Gold Property that consists of an advanced project within a
950 ha claim group in the highly prospective Gander Zone of the central region of Newfoundland. The
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Brady’s Reid Gold Zone is an intrusion-hosted deposit that is only partially drill-tested and remains open
on strike and at depth.
For more information, please visit our website at: www.goldnfuturesmineralcorp.com.
On behalf of the Board of Directors
For further information
Stephen Wilkinson,
President and CEO
Email: [email protected]
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
This news release may contain forward- looking statements based on assumptions and judgments of management regarding
future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the forward- looking statements. There is no assurance the private placement,
property option, change of board or reinstatement of trading referred to above will close on the terms as stated, or at all. The
Company disclaims any intention or obligation to revise or update such statements.