GoldMining Completes Acquisition of Additional Gold Claims Contiguous with its Yellowknife Gold Project
GoldMining Completes Acquisition of Additional Gold Claims
Contiguous with its Yellowknife Gold Project
VANCOUVER
,
May 14, 2018
/CNW/ -
GoldMining Inc. (the "
Company
" or "
GoldMining
") (TSX-V: GOLD; OTCQX: GLDLF)
is
pleased to announce that, further to its news release dated
April 26, 2018
, the Company has completed its indirect acquisition of the Narrow Lake
property (the "
Property
"). The Property includes the N1 and N2 claims, which cover a total area of 618 hectares and are contiguous with the
southern boundary of the Company's
Nicholas Lake-Ormsby
property, one of the four properties that comprise the Yellowknife Gold Project
("
YGP
"), which the Company acquired in July 2017. With the acquisition of the Property, the YGP now has an expanded total area of 12,120
hectares.
Pursuant to the Agreement, GoldMining paid
$50,000
in cash and issued 33,333 common shares of the Company to the vendor (the "
Vendor
") in
consideration for the Property. An additional
$100,000
, payable in cash or common shares of the Company, at the Company's discretion, will be
due on the first anniversary of the closing date.
GoldMining granted the Vendor a 1% net smelter royalty with respect to the N1 and N2 claims upon commercial production.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its
disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in
Canada
,
U.S.A.
,
Brazil
,
Colombia
and Peru. Additionally, GoldMining owns a 75% interest in the Rea Uranium Project, located in the
Western Athabasca
Basin of
Alberta, Canada
.
Neither the TSX Venture Exchange nor their Regulation Services Providers (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
View original content:
http://www.prnewswire.com/news-releases/goldmining-completes-acquisition-of-additional-gold-claims-contiguous-with-
its-yellowknife-gold-project-300647391.html
SOURCE
GoldMining Inc.
View original content: http://www.newswire.ca/en/releases/archive/May2018/14/c3250.html
%SEDAR: 00025119E
For further information:
GoldMining Inc.: Amir Adnani, Chairman; Garnet Dawson, CEO, Telephone: (855) 630-1001, Email:
CO: GoldMining Inc.
CNW 08:30e 14-MAY-18