01:28:51 EDT Sat 04 May 2024
Enter Symbol
or Name
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CA



Golden Age Exploration Ltd
Symbol GDN
Shares Issued 10,300,001
Close 2023-10-20 C$ 0.05
Market Cap C$ 515,000
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Golden Age completes phase 1 sampling at Magic

2023-11-17 16:35 ET - News Release

Mr. Kevin Hanson reports

GOLDEN AGE EXPLORATION LTD. EXPLORATION UPDATE

Golden Age Exploration Ltd. has completed and evaluated the results from its phase 1 MMI soil geochemical sampling program on the company's Magic property, a gold/silver prospect in central British Columbia. Results indicate that the anomaly continues to the north. The geochemical response is relatively weaker compared with previous results; however, the company suspects this may be the result of the thickening overburden or sporadic cover by Chilcotin basalts that overlie the Ootsa volcanics target horizon at the Magic property.

As a result of this program, the anomaly has been extended and now covers an area approximately 1,600 metres by 300 m. Additionally, the company discovered a small showing of hydrothermally altered volcanics within the anomaly. The company is now considering some additional follow-up work, including trenching to better examine the bedrock where the altered volcanics were discovered, and additional MMI lines before commencing on the next phase of exploration.

About the Magic property

The Magic property is located 105 kilometres southeast of Artemis's Blackwater gold-silver deposit and is on the same linear feature that crosses that property and Artemis's Capoose property, Canagold's Windfall Hills property and Sun Summit's project further to the northwest. Artemis Gold Inc. (TSX-V: ARTG) has reported that its Blackwater deposit is expected to commence production in the summer/fall of 2024. The target on the Magic property is mineralization similar to the Blackwater property and Round Mountain mine in Nevada.

Qualified person

Ehsan Salmabadi, PGeo, a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.

About Golden Age Exploration Ltd.

Golden Age Exploration is engaged in the business of acquisition, exploration and, if warranted, development of mineral resource properties. Pursuant to the option agreement, the company has an option to acquire up to an 80-per-cent undivided interest in the mineral claims known as the Magic property, located in central British Columbia.

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