- Silk Road Energy (SLK), re-branding as Record Gold Corp, is acquiring a new gold exploration property in Ontario
- Kenogami East consists of 11 claim cells as part of the property acquisition in the Kirkland Lake Mining camp
- Silk Road Energy is being re-branded under the name, ‘Record Gold Corp” the trading symbol remains the same: TSXV-SLK
- Record Gold (SLK) is a Canadian gold exploration company, trading and doing business under the name ‘Silk Road Energy’
- Silk Road Energy a.k.a. Record Gold (SLK) is unchanged today, trading at C$0.08 as of Aug 10, 2022, 1:14pm ET
Silk Road Energy (SLK), re-branding as Record Gold Corp, is acquiring a new gold exploration property in Ontario.
Kenogami East consists of 11 claim cells as part of the property acquisition in the Kirkland Lake Mining camp. The new name, Record Gold, reflects the company’s transition to a TSX Venture Exchange traded Tier 2 Mining Issuer and is to be the official legal name of the corporation at the company’s upcoming AGM this fall.
Kenogami East is located at the eastern margin of the company’s Grenfell-Four Nations gold property. The company acquired the property by issuing one million shares and agreeing to make a cash payment of $50,000 in 2 years.
Michael C. Judson, Chairman and CEO of Record Gold says:
“Kenogami East and our Grenfell-Four-Nations properties are situated in an area that is highly prospective for significant gold mineralization. Prospecting there is challenging: out-crop in the region is scarce and mineralized zones are complex. Yet, there are widespread occurrences of gold-bearing zones with good grades and widths coupled with the occasional high-grade lodes. There has been a substantial amount of work completed in the area and this is reflected in the excerpts of historical geological reports.”
Several mineralized zones have been mapped and explored with widths that range from less than1 a metre to 2 to 5 metres and strike lengths varying from approximately 10 metres up to 100 metres. Although most gold assay values across these mineralized zones are modest (0.05 to 2 grams per tonne), they are extensive. Average grades could be economically viable if these zones can be extended into mineralizing centers.
The company reports closing its previously announced financing, raising $29,000 by issuing 483,333 common shares at $0.06 per share and 483,333 share purchase warrants exercisable at $0.12 per share for one year. No finder’s fee is payable. Following this financing, it will have 28,076,104 shares outstanding. This financing is subject to TSX Venture Exchange, regulatory and board approvals.
Silk Road Energy is being re-branded under the name, ‘Record Gold Corp” the trading symbol remains the same: TSXV-SLK.
Record Gold (SLK) is a Canadian gold exploration company, trading and doing business under the name ‘Silk Road Energy’.
Silk Road Energy a.k.a. Record Gold (SLK) is unchanged today, trading at C$0.08 as of Aug 10, 2022, 1:14pm ET.
