Golden Pursuit Enters into Purchase Agreement FOR AP3 Mineral Claim at Gordon Lake, Northwest Territories
GOLDEN PURSUIT RESOURCES LTD.
652 Milbank
Vancouver, B.C. V5Z 4B7
NEWS RELEASE
GOLDEN PURSUIT ENTERS INTO PURCHASE AGREEMENT
FOR AP3 MINERAL CLAIM AT GORDON LAKE, NORTHWEST TERRITORIES
August 23, 2021 Symbol: GDP
Golden Pursuit Resources Ltd. is pleased to announce that it has entered into a Purchase Agreement with
Mike Vaydik (the “Vendor”), dated August 17, 2021 to acquire a 100% legal and beneficial interest in a
mining lease pertaining to AP3 Mineral Claim located near Gordon Lake, in the Northwest Territories.
Brian McClay, President and CEO, commented “Acquiring the Vaydik Option provides an opportunity
for GDP to evaluate other potential gold environments aside from the “gold in metaturbidites” occurring
within large quartz vein and broad quartz breccia zones. The Vaydik Option offers a sedimentary/volcanic
contact with iron formation stratigraphy as well as quartz vein systems which trend along and cut the
sediment/volcanic contact. Although the age is Archean, there are many similarities to systems like that
found at New Found Gold’s Queensway Project in Newfoundland”.
Details of the Agreement are as follows:
The Agreement provides that, subject to regulatory approval, the Company shall purchase such mining
lease for an amount of $10,000. and 100,000 common shares.
Additional Agreement Details:
The Agreement is subject to a 2% net smelter return (“NSR Royalty”) in favor of the Vendor . The
Company has the right, at any time to purchase 1% of the NSR Royalty (reducing the NSR Royalty to
1%) by paying the Vendor the sum of $1,000,000.
The Vaydik mineral lease has been explored since its discovery by Dome Mines in 1938 and subsequently
by Precambrian Shield in mid 1970’s , where they completed 444.7 meters of drilling in 4 holes, with “a
5.18 meter interval in hole AP01 return ing 4.4 g/t A u and 3.05 meters in AP02 return ing 4.8 g/t Au”.
Giant Yellowknife, in the late 1970’s , completed 887.4 meters in 7 holes and Aber Resource s in 1985
(315 meters drilled in 3 holes).
In his 1986 Aber Resources Ltd. report J. Siddle P.Geo. wrote:
“In 1984 and 1985 exploration programs at Myrt Lake outlined numerous interesting diamond drill
targets. The limited 1985 diamond drilling program failed to locate ore grade intersections, It did
however answer a few important questions. Firstly, it seems fairly certain now that AP gold occurrences
are atleast two differenttypes. Aquite extensive auriferous regional exhal ite exists along the west margin
of the volcanic belt. While the assay values were low (0.83g/t A u & 1,82 g/t Ag over 6 m) they are
definitely anomalous. In addition, there are several rather large auriferous vein/stockwork systems
crossing the belt. These systems have given rise t o the better assays both in drilling and in rock sampling
(4 g/t Au in core and 10 g/t Au in rock sampling).
Considering that only a small length of the main “Shear Zone” exhal ite horizon has been tested and the
stockwork system with the best assays has not been tested at all, there are several very good diamond
drill targets that should be tested . Additionally, the Grid 1 should be extended several hundred meters to
the south. This would cover the large swamp which has an auriferous gossan (6 g/t Au) on t he north
boundary and a carbonate exhalative on the south boundary.”
The described “large swamp” setting is the type of eroded surface with gold that is featured in many
occurrences at Gordon Lake, where deposits such as Kidney Pond are hidden by small lakes and swamps.
The agreement and the issuance of shares are subject to approval by the TSX Venture Exchange.
GOLDEN PURSUIT RESOURCES LTD.
Brian McClay, President and CEO, Director
“Brian McClay”
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Information
This news release contains “ forward-looking information” within the meaning of that phrase under
applicable Canadian securities law. This information reflects management’s current assumptions and
expectations but known and unknown risks, uncertainties and other factors may cause the actual results,
performance or achievem ents of the Company to be materially different from any future results,
performance or achievements expressed or implied by such forward -looking information. Forward -
looking information is subject to a variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward -looking information, including, without limitation,
risks and uncertainties relating to the estimation of mineral resources and reserves, the geology, grade and
continuity of mineral deposits, the possibility that exploration, development or mining results will not be
consistent with the Company’s expectations, title matters and surface access issues, the potential for
delays in exploration or development activities, the potential for une xpected costs and expenses,
commodity price fluctuations, currency fluctuations, failure to obtain adequate financing , the possibility
that the Company may not sell its projects or secure joint venture partners or optionees, and other risks
and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those described in forward -looking
information. Accordingly, readers are advised not to place und ue reliance on forward -looking
information. Except as required under applicable securities legislation, the Company disclaims any
obligation to update or revise any forward looking information to reflect events or changes in
circumstances that occur after the date of this news release.