Playfair Mining Option Agreement
NEWS RELEASE
738-1489 Marine Drive Tel: 604 687-7178 PLY: TSX-V
West Vancouver, B.C.
Canada V7T 1B8 Toll Free: 888-244-6644 November 20, 2024
Playfair Mining Option Agreement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
West Vancouver , B.C. – Playfair Mining Ltd. (“Playfair”, or the “Company”); PLY -TSXV, has
entered into an option agreement with ExplORE Resources Limited to purchase 100% of the
Golden Circle Project in Nova Scotia, Canada.
The total option price is $650,000 CAD payable over 3 years subject to a 3% NSR. Playfair will
also issue 1,000,000 common shares to ExplORE in consideration of an initial 90-day due diligence
period.
Playfair’s Golden Circle Project covers 8 of the 64 historic Gold Districts in Nova Scotia. The most
productive historic mining period was from 1862 to 1905. Four of the Golden Circle properties ,
Mount Uniacke, Renfrew, Wine Harbour and Forest Hill are among the twenty largest historic gold
producers with Wine Harbour and Renfrew among the ten largest historic gold producers.
The Golden Circle Project is accessible by road from Halifax. Four projects are 50 km north of
Halifax and the other four are 60km south of Antigonish.
The project comes with four identified drill targets.
Exploration by Atlantic Gold (bought out by St Barbara in 2019 for $802 million CAD) and Signal
Gold has resulted in one producer and four advanced projects in the vicinity of the Golden Circle
and in the same rock formation. Recent exploration in historic Nova Scotia Gold Districts has
proved successful.
CEO Donald Moore comments:” What has been found historically is important but it’s what they
left behind that matters . There are many opportunities for bulk tonnage and high-grade gold
deposits to be discovered on the Golden Circle project. Geological similarities to the prolific
Australian Bendigo district , 22 million ounces production and counting, highlight the untapped
potential.
It is often said that the best place to look for new mines is near old mines and Playfair has
positioned itself in the middle of some of the best old mines in Nova Scotia.”
The option agreement is subject to acceptance by the TSX Venture Exchange.
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.
For further information visit our website at www.playfairmining.com or contact:
Donald G. Moore D. Neil Briggs
CEO and Director Director
Phone: 604-377-9220 Phone: 604-562-2578
Email: [email protected] Email: [email protected]
Forward-Looking Statements: This Playfair Mining Ltd. News Release may contain certain "forward-looking" statements and information relating
to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair
management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, with out limitations,
exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental re gulation and
supervision, seasonality, technological change, industry practices, and one -time events. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect, actual results and forward -looking statements may vary materially
from those described herein.