Golden Pursuit Achieves Permit Approvals FOR Exploration at Its South Gordon Lake Project, Nwt
GOLDEN PURSUIT RESOURCES LTD.
652 Milbank
Vancouver, B.C. V5Z 4B7
NEWS RELEASE
GOLDEN PURSUIT ACHIEVES PERMIT APPROVALS FOR EXPLORATION AT ITS SOUTH
GORDON LAKE PROJECT, NWT
Sept. 12, 2022 Symbol: (TSX-V) GDP
Golden Pursuit Resources Ltd. (TSX-V:GDP) (Golden Pursuit or the “Company”) is pleased to
announce the receipt of permit approvals from the Mackenzie Valley Land and Water Board
(“MVLWB”). These permits include Land Use permits to allow work on territorial and federal
lands and a Water License to allow water use up to 300 cubic meters a day. These permits and
license will allow the Company to operate their exploration program for up to 7 years on their
South Gordon Lake Project (“SGLP” or “the project”). The SGLP is located 90 kilometers north-
northeast of Yellowknife, Northwest Territories and is centered around the south end of Gordon
Lake.
The Company has 100% ownership of all significant, known, historic mineralization,
occurrences and historical in the project area. The Project comprises ten (10) historical
occurrences, five (5) of these are past historical gold producers, that are covered by 18
territorial and 13 federal claims along with 4 historical mining leases. The properties in the
project area have been extensively explored and mined since the 1930’s. The properties have
no royalty or payment obligations to outside interests aside from two small leases recently
purchased which have buyback options.
With the benefit of having the MVLWB permits in hand, Golden Pursuit will now evaluate and
prepare for a detailed exploration program outlined in the Company’s June 2022 NI 43-101
report with special focus on the breccia zones located in the regional refold area located in the
area south of Gordon Lake, the area of deep drilling at the Camlaren Mine and the Lynk Zone
near Kidney Pond.
Brian McClay, President and CEO, commented, "Receiving the MVLWB Permits for SGLP is a
major milestone for Golden Pursuit and represents the culmination of extensive engagement,
collaboration and consultation with Indigenous Peoples of the NWT and the Federal/Territorial
Regulators. We are grateful that our community-centred approach to responsible mineral
development and environmental stewardship was a vision shared by all parties involved in the
permitting process. We would like to thank all stakeholders for their support as we navigated the
permitting process and are looking forward to the next chapter as we advance the South
Gordon Lake Project.”
Qualified Person
The South Gordon Lake Project exploration program is being conducted under the direction of
Gary Vivian, M.Sc., P. Geol. (NWT/NU, BC and AIPG), Chairman of Aurora Geosciences Ltd
and a Qualified Person under the NI 43-101. Mr. Vivian has reviewed and approved the
technical contents of this press release
On behalf of the Board of Directors of Golden Pursuit Resources Ltd.
“Brian A. McClay”
President & CEO
About Golden Pursuit Resources Ltd.
Golden Pursuit is a Canadian-based junior exploration and development company focused on
development the Company’s portfolio of advanced exploration and past-producing gold mines
in the NWT and exploration projects in Nevada. Golden Pursuit shares trade on the TSX-V.
Concurrent with progressing the development of the SGLP, the Company continues to compile
historic data that documents the extensive work completed on its properties. Golden Pursuit is
committed to the safe and responsible development of its projects in collaboration with all
Aboriginal and other stakeholders that are impacted by work conducted on the Company’s
projects.
For more information about the Company, please refer to the Company’s profile on SEDAR
at www.sedar.com or visit the Company’s web site at www.goldpusuit.ca
The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of
this release.
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release about
anticipated future events or results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of words such as “seek”, “anticipate”,
“believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”,
“will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All
statements, other than statements of historical fact, included herein are forward-looking
statements, including statements regarding the Company’s exploration and development plans
or the success of the Projects.
Although Golden Pursuit believes that the expectations reflected in such forward-looking
statements and/or information are reasonable, undue reliance should not be placed on forward-
looking statements since the Golden Pursuit can give no assurance that such expectations will
prove to be correct. These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially from those anticipated in
such forward-looking statements, including the risks, uncertainties and other factors identified in
the Golden Pursuit’s periodic filings with Canadian securities regulators, and assumptions made
with regard to: the anticipated benefits of the Agreement, the estimated costs associated with
exploration of the Company’s projects; Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause actual results of operations
to differ materially from those contained in the forward-looking statements. Important factors that
could cause actual results to differ materially from Golden Pursuit’s expectations include risks
associated with the implementation of the Agreement, risks associated with the business of
Golden Pursuit; risks related to exploration and potential development of Golden Pursuit’s
projects; business and economic conditions in the mining industry generally; fluctuations in
commodity prices and currency exchange rates; uncertainties relating to interpretation of drill
results and the geology, continuity and grade of mineral deposits; the need for cooperation of
government agencies and indigenous groups in the exploration and development of properties
and the issuance of required permits; the need to obtain additional financing to develop
properties and uncertainty as to the availability and terms of future financing; the possibility of
delay in exploration or development programs and uncertainty of meeting anticipated program
milestones; uncertainty as to timely availability of permits and other governmental approvals;
risks associated with COVID-19 including adverse impacts on the world economy, construction
timing and the availability of personnel; and other risk factors as detailed from time to time and
additional risks identified in Golden Pursuit’s filings with Canadian securities regulators on
SEDAR in Canada (available at www.sedar.com). The timing of future economic studies; labour
disputes and other risks of the mining industry or delays in obtaining governmental approvals.
Forward-looking statements are based on estimates and opinions of management at the date
the statements are made. Golden Pursuit does not undertake any obligation to update forward-
looking statements.