Mr. William Sheriff of Wolfpack reports
AMERICAS BULLION ANNOUNCES 12 % OWNERSHIP OF WOLFPACK GOLD CORP.
Effective May 21, 2013, Wolfpack Gold Corp. commenced trading under WFP following
the completion of the reverse takeover transaction with Tigris Uranium
Corp. Americas Bullion Royalty Corp. vended 17 properties into Wolfpack Gold, creating
and retaining a royalty interest on each project. Americas Bullion also
received six million shares, representing approximately 12 per cent of the common
stock.
Wolfpack Gold
Wolfpack is committed to maximizing shareholder value, and is well
positioned with cash and marketable securities of approximately
$8.2-million, and a low annual expenditure rate. Wolfpack's mandate is
to advance low-cost heap-leach and high-grade underground gold projects
toward production in the Western United States while maintaining an
important asset base in uranium. Wolfpack owns a significant portfolio
of gold properties located in Nevada and surrounding states, and has
options to acquire certain properties, including the Castle Black Rock
and Adelaide properties located in Nevada. The company's portfolio has
seen little to no activity since gold prices were below $400
(U.S.) per ounce. Both Adelaide and Castle Black Rock have previous
operating histories as open-pit heap-leach operations during the late
1980s, when they were closed due to low gold prices.
In addition, the company owns plus 115,000 acres (46,400 hectares) of
private mineral rights, with an indicated resource of 26.6 million
pounds triuranium octoxide at an average grade of 0.105 per cent
equivalent U3O8 and an inferred resource of 6.1 million pounds U3O8 at
an average grade of 0.110 eU3O8 (Beahm, 2012). The mining properties
are located in New Mexico's Crownpoint uranium district, a portion of
which are under NRC licence, and benefit from an increasingly
progressive New Mexico regulatory and political environment.
"With Wolfpack Gold now trading we have completed an important step in
realizing value from our property assets in Nevada. We look forward to
the long-term benefit from the royalty interests and our significant
equity position in Wolfpack," said William M. Sheriff, chairman. "The
Nevada team, led by Nate Tewalt, has a number of gold discoveries to
their credit in Nevada and we look forward to enjoying the benefits
from their future success in what we view as one of the world's best
mining jurisdictions with proven mineral endowment."
We seek Safe Harbor.
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