Company
CVE:MAS.
MAS Gold Corp is focused on exploration projects in Saskatchewan along the La Ronge Greenstone Belt. Its road-accessible projects are located approximately 60 kilometres west of producing Seabee and Santoy gold mines operated by SSR Mining Inc. In the belt, MAS Gold operates the Greywacke and Preview North Properties that include North Lake and Point advanced gold projects, each hosting drill-intercepted zones of gold mineralization. With the addition of the Elizabeth Lake VMS deposit and Henry Lake, MAS Gold has a 100% ownership of four properties totaling 33, 843 hectares (83, 628 acres) along geologically prospective sections of La Ronge, Kisseynew and Glennie Domains of the La Ronge Gold Belt. The Greywacke North deposit, which hosts several known stratabound, high-grade gold-bearing zones, has 255,500 tonnes at 9.92 g/t Au (cut-off grade of 5 grams gold/tonne) plus an Inferred Mineral Resource of 59,130 tonnes at 7.42 g/t Au (NI 43-101 Technical Report, June 1, 2016). The North Lake deposit located at Preview North Property is estimated to contain an Inferred Mineral Resource of 14,110,000 t grading 0.92 g/t Au, hence 417,000 contained ounces of gold. (NI 43-101 Technical Report, April 10, 2020) MAS Gold has recently completed a more intensive phase of work directed towards establishing the resource base for it “hub and spoke” mining model for its Preview-North and Greywacke projects.
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In January, Vancouver-based MAS signed a definitive agreement with Comstock to acquire 100% of its interest in the Preview SW gold project and property in return for 30 million MAS Gold common shares
Frisky has 28 years of accounting experience, including 12 years in senior management roles with professional public companies
"Bringing Laurie on board to lead our Investor Relations team in Saskatoon is a welcome addition to the MAS Team of professionals," said Jim Engdahl, CEO of MAS Gold Corporation in a statement
The 8,000-meter program was initiated on the North Lake Deposit and will also include drilling at both the Preview SW Deposit and the Point Deposit later on
The company has a portfolio of 100%-owned, gold-focused projects in the La Ronge Greenstone Belt that includes a past-producing mine
“The Preview SW property is an ideal addition to MAS Gold's current portfolio of Hub and Spoke properties, where the concept that the mineralized material from various satellite deposits could be co-mingled at a centrally located processing
Eros will have the right to earn a 17.5% interest in the properties in exchange for funding $3.5 million in exploration expenditures over a six-month period
“Upon completion of the proposed transaction this high-quality asset combined with MAS Gold's mineral portfolio, which includes the recently updated North Lake and Greywacke North mineral resources announced December 6, 2021, and December 9
The gold deposit is estimated to contain an Inferred Mineral Resource of 18,100,000 tonnes grading 0.85 g/t Au
The new resource follows the firm's 11 hole diamond drill program at the property and showed a total of 156,000 ounces of contained gold across the indicated and inferred categories
Final results from the summer drill program included 103 meters of 1.4 grams per tonne (g/t) gold
