GGL Resources Announces Sale of McConnell Copper-Gold Property, BC
GGL Resources Announces Sale of McConnell Copper-Gold Property, BC
Vancouver, BC – July 24, 2023 – GGL Resources Corp. (TSX -V: GGL) (“GGL” or the “Company”) is
pleased to announce the sale of its 100% owned McConnell Copper-Gold property located in north-central
BC to Westkam Gold Corp.
Under the terms of the July 18th, 2023 property sales agreement, Westkam will 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.
As additional consideration for the sale of the propert y to Westkam, GGL will retain a two percent (2%)
net smelter return royalty in future commercial production from the McConnell property. This royalty is
not subject to a buy-back option or other similar rights.
“The McConnell sales agreement allows considerable upside potential for GGL by way of a significant
equity position in West kam and a secured royalty on any future production. We look forward to positive
exploration results as Westkam works to unlock the project’s potential” states David Kelsch, GGL President
and COO. “Additionally, this transaction will allow GGL to continue its focus on the Gold Point project in
Nevada where the Company is successfully exploring high-grade gold veins both at surface and in
underground workings and where it has recently discovered a nearby copper-molybdenum porphyry target
named the Le Champ De Gold Point.
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. The Company also owns promising diamond exploration projects in Nunavut and the
Lac de Gra s diamond district of the Northwest Territories. Lac de Gras is home to Canada’s first two
diamond mines, the world class Diavik and Ekati mines discovered in the 1990s. 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
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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
NA Toll-Free: (888) 688-2522
Corporate Information
Linda Knight
Corporate Secretary
Tel: (604) 688-0546
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 sta tements 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 cauti ons that all
forward-looking statements are inherently uncertain, and that actual performance may be affected by a
number of material factors, many of which are beyond the control of GGL. Such factors include, among
other things: risks and uncertainties re lating to exploration and development and the results thereof,
including the results of the recently completed 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 and 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 legislation, GGL undertakes no
obligation to publicly update or revise forward-looking information.