KAPA GOLD Enters Strategic Partnership with Mfd Investment Holdings FOR the Advancement of the Blackhawk GOLD Property the Strategic Partnership Underlines the Potential of the Site and Allows FOR Expedited Development at the Blackhawk GOLD Project IN Lucerne Valley, California.
Kapa Gold Inc.
Suite 1400 – 1199 West Hastings Street
Vancouver, BC, V6E 3T5
Tel: 604-961-9442 | [email protected]
www.kapagold.com
KAPA GOLD ENTERS STRATEGIC PARTNERSHIP WITH MFD INVESTMENT HOLDINGS FOR THE
ADVANCEMENT OF THE BLACKHAWK GOLD PROPERTY
THE STRATEGIC PARTNERSHIP UNDERLINES THE POTENTIAL OF THE SITE AND ALLOWS FOR
EXPEDITED DEVELOPMENT AT THE BLACKHAWK GOLD PROJECT IN LUCERNE VALLEY, CALIFORNIA.
VANCOUVER, BC – September 25, 2024 – KAPA GOLD INC. (TSXV:KAPA) (“Kapa” or the “Company”)
announces that it has entered into a binding agreement (the “Agreement”) with MFD Investment
Holdings SA ("MFD") pursuant to which MFD can earn an undivided 10% interest in Kapa’s Blackhawk
Gold Property (the “Project”), located in San Bernardino County, California, by incurring a total of
US$1,000,000 in expenditures on the Project over the next three years.
The Agreement reflects Kapa’s strategic focus on accelerating exploration activities at the Blackhawk
Gold Project (“Blackhawk”) through strong partnerships, aimed at boosting the Project’s resource
potential.
Under the terms of the Agreement, MFD has the exclusive option to acquire a 10% undivided interest
in the Blackhawk by incurring specified expenditures, including at least 600 meters of exploration
drilling by August 1, 2027. Upon meeting these terms, MFD will be entitled to a 10% participating
interest in the Blackhawk Project.
As part of the Agreement, Kapa Gold may, subject to acceptance by the TSX Venture Exchange
(“TSXV”) issue up to 5.5 million bonus shares based on the parties achieving key milestones, including
obtaining the drilling permit, obtaining an Environmental Impact Assessment and eventually the mine
operations permit. Additionally, Kapa , may, subject to acceptance by the TSXV, issue up to 5 million
bonus shares for the delineation of a resource estimate between 1 -5 million ounces of gold
discovered, and an additional 1 million bonus shares (up to a total of 10 million bonus shares in total)
for every 1 million ounces discovered over 5 million ounces.
“Kapa Gold is excited to formalize this partnership with MFD Investment Holdings, which will
significantly advance exploration efforts at Blackhawk," stated David Paxton, CEO of Kapa Gold. "This
confirms our underlying valuation of Blackhawk and brings in a s trategic partner that has a vision to
help us unlock the sites ’ full potential. The additional funding and technical expertise will help
accelerate resource evaluation and development, paving the way for increased shareholder value."
Following the exercise of the option, if no third -party transaction has occurred, Kapa and MFD will
enter into a joint venture, with Kapa holding a 90% interest and MFD a 10% interest.
The Agreement and the issuance of any bonus shares remains subject to acceptance by the TSXV.
About MFD Investment Holdings
MFD is a private investment company that focuses on developing quick -to-cashflow mining assets
with significant exploration upside. With a global team of experts in geology, metallurgy, project
management, and finance, MFD specializes in early -stage investments and operational efficiencies
that maximize value for its stakeholders. MFD leverages advanced technology and systems to improve
mine development and operational management, addressing inefficiencies within the mining
industry. The company aims to gen erate substantial returns by identifying and advancing high -
potential mining projects across diverse geographies and commodities.
About Kapa
Kapa Gold, led by experienced capital markets and geologic team, is focused on exploring its 100%
owned historic Blackhawk Gold Mine and surrounding underexplored properties for economic
mineralization. To learn more, visit www.kapagold.com
On behalf of the Board of Directors
KAPA GOLD INC.
“David K. Paxton”
CEO and Director
For More Information Contact:
Konstantine Tsakumis
604-961-9442
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward Looking Information
Certain statements made, and information contained herein may constitute "forward looking
information" and "forward looking statements" within the meaning of applicable Canadian
and United States securities legislation. These statements and information are based on facts
currently available to the Company and there is no assurance that actual results will meet
management's expectations. Forward-looking statements and information may be identified by such
terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or
"would". Forward-looking statements and information contained herein are based on certain factors
and assumptions. While the Company considers its assumptions to be reasonable as of the date
hereof, forward-looking statements and information are not guaranteeing of future performance and
readers should not place undue importance on such statements as actual events and results may differ
materially from those described herein. The Company does not undertak e to update any forward -
looking statements or information except as may be required by applicable securities laws.