GGL Announces Termination of Sales Agreement with WestKam for the McConnell Copper-Gold Property, BC
GGL Announces Termination of Sales Agreement with WestKam for the McConnell Copper-Gold
Property, BC
Vancouver, BC – January 05, 2024 – GGL Resources Corp. (TSX-V: GGL) (“GGL” or the “Company”)
announces the termination of the property sales agreement with Westkam Gold Corp. (“Westkam”) on
GGLs 100% owned McConnell Copper-Gold property located in north-central BC as previously announced
on July 24, 2023.
Under the terms of the July 24, 2023 property sales agreement, Westkam would acquire a 100% interest in
the McConnell property by issuing common shares to GGL equal to 19.99% of the issued and outstanding
common shares of Westkam upon completion of a concurrent financing. The agreement expired December
31, 2023 with the terms having not been fulfilled.
GGL will continue to evaluate alternative strategies to advance the McConnell property and unlock its
potential.
Technical information in this news release has been reviewed and approved by David Kelsch, P.Geo.,
President of GGL Resources Corp., a qualified person for the purposes of National Instrument 43-101.
About GGL Resources Corp.
GGL is a seasoned, Canadian -based junior exploration company, focused on the exploration and
advancement of under evaluated mineral assets in politically stable, mining friendly jurisdictions. The
Company has optioned and wholly owned claims in the Gold P oint district of the prolific Walker Lane
Trend, Nevada. The Gold Point claims cover several gold-silver veins, four of which host past producing
high-grade mines, and the recently discovered Le Champ copper-molybdenum porphyry target, located 3.5
km west of the mines. GGL also holds diamond royalties on mineral leases near the Gahcho Kué diamond
mine in the Northwest Territories.
ON BEHALF OF THE BOARD
“David Kelsch”
David Kelsch
President, COO and Director
For further information concerning GGL Resources Corp. or its various exploration projects please visit
our website at www.gglresourcescorp.com or contact:
Investor Inquiries
Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
Corporate Information
Linda Knight
Corporate Secretary
Tel: (604) 688-0546
2
NA Toll-Free: (888) 688-2522
Neither the 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.
Information contained in this news release contains forward -looking statements. These statements reflect
management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future
performance. Forward-looking statements are statements that are not historical facts and are generally,
but not always, identified by the words “evaluate”, “potential”, “likely”, “possible”, “cut-off grades” and
similar expressions, or that events or conditions “may”, “could” or “will” occur. GGL cautions that all
forward-looking statements are inherently uncertain, and that actual performance may be affe cted by a
number of material factors, many of which are beyond the control of GGL. Such factors include, among
other things: risks and uncertainties relating to exploration and development and the results thereof,
including the results of the recently comp leted drill program, the impact on future mineral resource
estimates, the potential for new discoveries, and the results of future metallurgical programs, as well as the
ability of GGL to obtain additional financing, the need to comply with environmental a nd governmental
regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other
risks and uncertainties, including those described in GGL’s financial statements available under the GGL
profile at www.sedar.com. Accordingly, actual and future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward -
looking information. Except as required under applicable securities legislati on, GGL undertakes no
obligation to publicly update or revise forward-looking information.