Gold Plus Mining Inc. Acquires Red Lake Property
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GOLD PLUS MINING INC.
303 - 570 Granville Street
Vancouver, BC, V6C 3P1
FOR IMMEDIATE RELEASE
Gold Plus Mining Inc. Acquires Red Lake Property
Claims hosted within the Red Lake Gold Camp
VANCOUVER, BC, May 22, 2020 – Gold Plus Mining Inc. (“Gold Plus” or the “Company”)
(CSE :GPMI) is pleased to announce it has optioned a 100% interest in four claims (76 cells)
totaling 1,536 hectares in the Red Lake Greenstone Belt of northwestern Ontario , from an arm’s
length vendor . The McDonough Property is located only 12 km northwest of Red Lake.
According to the Ontario Geological Survey assessment recor ds the property has seen limited
exploration with no recorded drilling located within the property boundary (see Figure 1).
Figure 1. McDonough Property location
“We are excited to formally enter the Red Lake Gold Camp space, states Keith Anderson Jr. ,
CEO of Gold Plus Mining. The Red Lake Gold Camp is a well -known and prolific greenstone
belt with historical production dating back to the early 1940’s. This property gives the company
a foothold in one of the most gold endowed districts of Ontario. We look forward to our future
exploration efforts.”
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43 -
101, has reviewed and approved the technical contents of this news release on behalf of the
Company.
TERMS:
Payment of $2,000 and issuance of 200,000 common shares upon signing, $8,000 within 30
days, $10,000 and 200,000 common shares within 12 months of signing, $15,000 on second
anniversary of signing and $25,000 on third anniversary of signing. The property is subject to a
1.5% Net Smelter Return (“NSR”) to the Vendor of which the Company has the right to
purchase a 0.75% NSR for $500,000.
About Gold Plus Mining Inc.
Gold Plus Mining is an exploration company focused on discovery-stage properties located in
the prolific gold mining belts of northwestern Ontario and the Pluto Property in Quebec, Canada.
Gold Plus Mining has 17,635,366 shares issued.
For additional information please contact Negar Adam at 604 646 6906
ON BEHALF OF THE BOARD
Signed Keith Anderson Jr.
Phone: 604 786 7774
Email: [email protected]
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.