- Flow Metals (FWM) has signed an earn-in agreement with Go Metals (GOCO) for the Ashuanipi Gold Project
- The Ashuanipi Gold Project is located in Eastern Quebec near the Labrador border on First Nations territory
- Go Metals will pay up to C$800,000 to earn up to an 80 per cent interest in the project
- Go Metals is an exploration company focused on developing mineral resource properties in Canada
- Go Metals (GOCO) closed the day trading flat at $0.04 per share
- Flow Metals is a Canadian gold explorer focused on early-stage gold projects in renowned mining districts
- Flow Metals (FWM) closed the day up 7.69 per cent trading at $0.07 per share
Flow Metals (FWM) has signed an earn-in agreement with Go Metals (GOCO) for the Ashuanipi Gold Project.
The Ashuanipi Gold Project is located in Eastern Quebec near the Labrador border on the traditional territory of both the Innu Nation of Matimekush-Lac John and the Naskapi Nation of Kawawachikamach.
The project contains numerous AI targets over banded iron formations. Windfall Geotek (WIN) generated the targets after a 330,000 km AI mining study of Eastern Quebec.
Go Metals will earn in on the project through funding exploration:
- C$200,000 exploration dollars will earn 40 per cent
- A further $200,000 exploration dollars will earn an additional 20 per cent
- Flow Metals has the option to create a joint venture or Go Metals may spend an additional $400,000 to earn a final 20 per cent
The transaction constitutes a related-party transaction.
Scott Sheldon, President of Flow Metals, commented,
“We are excited to have Go Metals fund the exploration on the Ashuanipi Project this summer. This will be our first pass on the project following up on the intensive work Windfall Geotek has done creating over 50 high-quality gold targets. Freeing up finances for Flow means we will also be running programs at the company’s two other gold projects in the Yukon and B.C. this summer.”
Go Metals is an exploration company focused on developing mineral resource properties in Canada.
Go Metals (GOCO) closed the day trading flat at $0.04 per share.
Flow Metals is a Canadian gold explorer focused on early-stage gold projects in renowned mining districts.
Flow Metals (FWM) closed the day up 7.69 per cent trading at $0.07 per share.