Exploration Update
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GOLDEN AGE EXPLORATION LTD.
Exploration Update
VANCOUVER, British Columbia, June 4 , 2024 (GLOBE NEWSWIRE) -- Vancouver, B.C.: Golden Age
Exploration Ltd. (the “Company”) reports that it has commenced its summer exploration program which
is a continuation of its Phase I MMI ™ soil geochemical sampling program and rock sampling on the
Company’s Magic Property, a gold/silver prospect in central British. The Company is also considering some
additional follow-up work, including trenching to better examine the bedrock where the altered volcanics
were discovered. The Company has also had a informal preliminary meeting with representatives of the
Nazko First Nation, including the Nazko Economic Development Corporation, wherein they indicated their
willingness to work with the Company on this project.
The Company is also pleased to announce that the Optionor of the Magic Property has agreed to extend
its work commitments and cash and common share payments for a further two years from its previously
agreed to deadlines. In consideration for this extension, the Company has paid $5,000.
The Company also announces that effective February 29, 2024, two private companies each controlled by
a director of the Company, that are owed outstanding management and consulting fees totalling $89,775,
have both agreed to defer payment of this total amount until on or after March 31, 2025. These deferrals
are non-interest bearing and are unsecured.
About the Magic Property
The Magic Property is located 105 kilometres southeast of Artemis’ Blackwater gold-silver deposit and is
on the same linear feature that crosses that property and Artemis’ Capoose property, Canagold’s Windfall
Hills property and Sun Summit’s project furthe r to the northwest. Artemis Gold Inc. (TSX -V: ARTG) has
reported that its Blackwater deposit is expected to commence production in the summer/fall of 2024. The
target on the Magic Property is mineralization similar to the Blackwater Property and Round Mountain
mine in Nevada.
About Golden Age Exploration Ltd.
Golden Age Exploration Ltd. is engaged in the business of acquisition, exploration and, if warranted,
development of mineral resource properties. Pursuant to the Option Agreement, the Company has an
option to acquire up to an 80% undivided interest in the mineral claims known as the Magic Property,
located in central British Columbia.
For more information, please refer to the Company’s amended and restated prospectus dated October
17, 2022, available on SEDAR+ (www.sedarplus.ca), under the Company’s profile or please contact:
Kevin Hanson
Chief Executive Officer
Tel: (604) 969-4070
The Company’s website address is https://goldenageexploration.com.
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The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward -looking statements, which relate to future events or future
performance and reflect management’s current expectations and assumptions based on information
currently available to the Company including, but not limited to, the intended use of proceeds from the
IPO. Readers are cautioned that these forward-looking statements are neither promises nor guarantees,
and are subject to risks and uncertainties that may cause future results to differ materially from those
expected. See “Risk Factors” in the Company’s amended and restated prospectus dated October 17, 2022
available on SEDAR + at www.sedarplus.ca. These forward -looking statements are made as of the date
hereof and the Company does not assume any obligation to update or revise them to reflect new events
or circumstances save as required by law.