Four Nines Gold Inc. Acquires Gold Project in Central Quebec
Vancouver, B.C. June 22, 2020 - Four Nines Gold Inc. (the “Company” or “Four Nines”) (CSE:FNAU) is pleased to announce that the company has entered into an agreement with an arms length vendor to acquire a 100% interest in the Bonneville Gold Project in central Quebec. The project covers an area of approximately 2018 hectares in the Lac Bachelor Gold Camp, 215km north-east of Vald’Or. The Property is located within the Abitibi Greenstone Belt, 5km west of the village of Miquelon. Recent exploration at the Bonneville Gold Project includes soil sampling, ground geophysics and a single diamond drill hole in 2018, which tested one of the three target zones.
Under the terms of the agreement, the Company can earn a 100% interest in the project by paying a total of $260,000 and complete $350,000 in exploration expenditures on the property within two years. A one percent NSR has been granted to the vendor, which can be purchased for $1,000,000.
Francis R. Newton P.Geo, OGQ, a qualified person pursuant to NI 43-101, has reviewed and approved the technical information in this press release.
On behalf of the board,
/s/Charles Ross President and Chief Executive Officer
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
Cautionary Statement Regarding “Forward-Looking” Information.
This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the Mariposa property, comments regarding the timing and content of upcoming work programs, geological interpretations, costs and timing of future exploration and development, requirements for additional capital, other statements relating to the financial and business prospects of the Company.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.