| | - Acquired a 70% interest for CDN $15 million, $6m cash and 9m shares
- NGEx is the main exploration unit of the Lundin Group and is now a 20% shareholder of Goldgroup
- Resource calculation based on 34.3m tonnes @ avg grade of 0.60 gm/t Au yields 656,000 oz Au (GGR 70% earn-in = 459,000 oz Au)
- NI 43-101 Technical Report complete on La Paila anomaly only
- La Paila anomaly (900 x 450m) has 32 diamond drill holes completed by NGEx to date ( maximum strike depth of 334 metres)
- Drill hole intersections range from 216 metres of 0.6 g/t Au and the highest being 94.5 metres @ 2.09 g/t Au
- Deposit is open on three sides
- Significant potential to increase ounces in multiple anomalies
- Bottle roll tests yielded recoveries of 88% -100%
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