The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition to acquire a 100-per-cent interest in the Sands of Time property located in the Whitehorse mining district, Yukon Territory. The property is subject to a total 2.0-per-cent NSR (net smelter return) in favour of the arm's-length vendor, with a 1.0-per-cent buyback provision for $1-million cash. The company is required to make a one-time milestone payment to the vendor of $1.00 per gold equivalent troy ounces for any contained metals upon announcement of the first measured or indicated mineral resource on the property equal to or greater than one million ounces of gold equivalent.

Cash ($)                    Securities        Work expenditures ($) consideration

$200,000 over    900,000 common shares               $1.3-million over four years
four years             over four years   

For further details, please refer to the company's news release dated Aug. 8, 2023.