- Visionary Gold Corp. (TSXV:VIZ) has announced it has closed its acquisition of 6,000 acres of state leases and unpatented mining claims from Innovative Exploration Ventures (IEV) for C$99,000
- The payment was made through the issuance of 550,000 common shares of the company’s stock at a price of $0.18 per share
- Visionary Gold also acquired IEV’s statewide geological database which includes airborne magnetics, geochemical data, structural and lithological maps, drillhole database and sample library
- The company is a Vancouver-based exploration company focused on precious metal discovery and development in the Lewiston gold district in Wyoming
- Shares of Visionary Gold are up 5.71 per cent to $0.18 as of 2:40 p.m. EDT
Visionary Gold Corp. (VIZ) has acquired 6,000 acres of state leases and unpatented mining claims from Innovative Exploration Ventures (IEV).
The payment of C$99,000 for the acquisition was made through the issuance of 550,00 common shares of Visionary Gold Corp. at a price of $0.18 each.
As part of the acquisition, the company also acquired IEV’s statewide geological database, which includes airborne magnetics, geochemical data, structural and lithological maps, drillhole database and sample library.
“We are pleased to announce the closing of our acquisition of IEV’s large land and data package and have already begun delineating priority areas for systematic exploration this summer on the newly acquired lands,” Wes Adams, CEO of Visionary Gold Corp., said in a press release.
He added that the company’s main focus over the last few months was to prepare for the maiden drill program at its flagship Wolf Gold Project, which is expected to begin soon.
Headquartered in Vancouver, Visionary Gold Corp. is a mineral exploration company with a focus on precious metals discovery and development in Wyoming’s historic Lewiston gold district of Fremont County.
As it stands, the company currently controls a 50 square kilometre land package with a range of high potential targets.
Shares of Visionary Gold are up 5.71 per cent to $0.18 as of 2:40 p.m. EDT.
