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AUR

0.08
0.00 (0.00%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:AUR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.08 0.08 0.09 0 01:00:00

Patrone Options McLennan Lake Property, La Ronge, Saskatchewan

12/02/2013 8:43pm

Marketwired Canada


Patrone Gold Corp. (TSX VENTURE:AUR) (the "Company") is pleased to announce that
on February 8, 2013 the TSX Venture Exchange accepted for filing an option
agreement with an arm's length vendor, by which the Company can earn a 100%
interest in the McLennan Lake Property, located in the northeastern extent of
the La Ronge Gold Belt. Historic exploration activities have focused on the
investigation of surface showings in the southwestern part of the property, by
sampling, stripping, and trenching. All programs identified low-grade gold
values of up to 3000ppb, with anomalous copper values over 3% at Asbell Bay. To
date, the property has only been tested by a single drill hole.


Patrone can earn a 100% interest in the McLennan Lake Project by paying the
vendor $10,000 cash and issuing 1,000,000 common shares within 5 days of
regulatory approval and making additional payments totaling $500,000 cash over
42 months, and spending $3,000,000 in exploration expenditures within four
years. A 1% NSR has been granted to the vendor, which can be purchased for
$1,500,000 less all amounts previously received by Owner as NSR payments. No new
insiders or control persons were created through this acquisition.


On Behalf of the Board of Directors of Patrone Gold Corp.

Anita Algie, B.Sc. Hon, President

FOR FURTHER INFORMATION PLEASE CONTACT: 
Patrone Gold Corp.
604-681-0004
www.patronegoldcorp.com

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