Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia
Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia
Halifax, Nova Scotia--(Newsfile Corp. - May 23, 2024) - Antler Gold Inc. (TSXV: ANTL) ("Antler" or the "Company") is pleased to announce that its subsidiary, Antler Gold Namibia (Pty) Ltd ("Antler Nam"), has signed a binding Letter Of Intent ("LOI") with Fortress Asset Management LLC ("Fortress" or the "Optionee"), an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to 100% interest in the Company's Erongo Central Gold Project (the "Project") over a three-year period for total consideration of US$ 5.5 million and incurring US$ 6.0 million of exploration expenditures and issuing Antler a 2% net smelter return ("NSR") across the entire Project.
Halifax，新斯科舍省——（Newsfile Corp. - 2024年5月23日）——Antler Gold Inc.（TSXV: ANTL）（“Antler”或“公司”）很高興宣佈，其子公司Antler Gold Namibia（Pty）Ltd（“Antler Nam”）已與Fortress Asset Management LLC（“Fortress”或“受讓方”）簽署了一份有約束力的意向書（“LOI”）。根據協議，受讓方將獲得在三年內獲得公司Erongo Central Gold Project（“該項目”）最多100％權益的權利，總代價爲550萬美元，承擔600萬美元的勘探費用，並向Antler提供2％的淨冶煉返回（“NSR”）整個項目。
The Erongo Gold Project comprises four active Exclusive Prospecting Licenses (EPLs 6162, 7261, 6408, 8010) and one application (EPL 9534) totalling 19,514.44 hectares (~195 km2) in the South Central Zone of the Damara Belt, and is strategically located in a mining district contiguous to the 3.2 Moz Twin Hills Gold Project (Osino Resources-Yintai Gold Corp.) and QKR's Navachab Gold Mine. This potential has been confirmed through initial exploration completed by Antler from 2021, targeting the Kranzberg Gold Trend, a structurally controlled, metasediment-hosted hydrothermal gold system. Best historical rock chip assay results of high-grade gold include 80 g/t Au, 6 g/t Au, 5.4 g/t Au, and 4.45 g/t Au from showings occurring within the Project area. Antler's work includes:
Erongo Gold項目包括四個活躍的獨家勘探許可證（EPLs 6162、7261、6408、8010）和一個申請（EPL 9534），總計19，514.44公頃（〜195公里2）在大馬拉山脈南部中央地帶，位於與3.2 Moz Twin Hills Gold Project（Osino Resources-Yintai Gold Corp.）和QKR的Navachab Gold Mine相鄰的礦業區。這個潛力已通過Antler從2021年開始的初始勘探得到證實，該勘探針對Kranzberg Gold Trend，一種構造受控的、礦牀寄主的水熱金礦系統。項目區域內顯示中含高品位金的岩石礦化物的最佳歷史岩石芯片化驗結果包括80克/噸Au，6克/噸Au，5.4克/噸Au和4.45克/噸Au。Antler的工作包括：
- Detailed geological mapping on areas with outcrop and known mineralisation;
- High-definition heliborne geophysical survey of 4,956-line kilometers over the entire project area to obtain high-resolution geophysical data (magnetic and radiometric) for target generation;
- 91 km of Induced Polarization geophysical surveys;
- 2,861 m Reverse Circulation ("RC") drilling which intersected favorable geological units, alteration assemblages, and precious metals mineralisation (1.2% Cu over 40 m (29 - 69 m) and 11.2 g/t Ag over 42 m (27 - 69 m) in hole C1L14-4-3B, and 1.5 g/t Au over 11 m (11 - 22 m) in hole C1L14-4-3); and
- 6,557 soil and calcrete samples.
- 對有露頭和已知礦化的地區進行詳細的地質繪圖；
- 在整個項目區域進行高清晰度的直升機地面勘測，以獲取高分辨率的地球物理數據（磁性和輻射性）以進行目標生成；
- 91公里的感應極化地球物理勘測；
- 2,861 m反循環（“RC”）鑽探，與有利的地質單元、變質集合體和貴金屬礦化物相交（孔C1L14-4-3B中的1.2％Cu在40 m（29-69 m）和42中的11.2 g/t Ag - 69 m）中的69 m）和橫穿孔（1.5克/噸Au在11m（11-22m）中的C1L14-4-3號孔）；和
- 6,557個土壤和鈣結核樣品。
For further details please see News Releases dated April 22, 2020, May 14, 2020, May 27, 2020, June 23, 2020, May 3, 2021, and August 4, 2021.
有關詳細信息，請參見新聞發佈日期爲2020年4月22日、2020年5月14日、2020年5月27日、2020年6月23日、2021年5月3日和2021年8月4日的新聞發佈。
The Project hosts approximately 30 kilometers of prospective magnetic conductors underlying Quaternary sediment cover identified from the heliborne geophysical survey in 2021. These have not yet been systematically targeted, and drill tested during previous exploration efforts.
該項目主機大約30公里的潛在磁性導體，位於2021年的直升機地面勘測中識別的第四撲覆蓋下。這些尚未得到系統瞄準，也未在先前的勘探工作中進行鑽孔測試。
Key Terms of the Agreement
Pursuant to the terms of the Agreement, the Optionee shall have the right to earn a 100% interest in the Project for consideration consisting of a series of cash payments, the issuance of common shares following completion of a going public transaction, and incurring exploration expenditures, as follows:
協議的關鍵條款
根據協議條款，受讓方將有權獲得該項目100％的權益，以現金支付一系列貨款，在完成公開交易後發行普通股，並承擔勘探支出，如下所示：
| Cash (US$) | Consideration Shares (US$) |
Exploration Expenditure (US$) |
Interest Earned | |||||||||
| On signing binding LOI | 25,000 | |||||||||||
| Definitive Option Agreement 45 Days post signing LOI |
25,000 | |||||||||||
| Upon listing on International Stock / Securities Exchange |
2,000,000 | |||||||||||
| 12 Months post signing of Definitive Option Agreement |
250,000 | 1,000,000 | ||||||||||
| Total (First Option) | 300,000 | 2,000,000 | 1,000,000 | 60% | ||||||||
| 24 month anniversary post signing of Definitive Option Agreement |
500,000 | 1,000,000 | 2,000,000 | |||||||||
| Total (Second Option) | 500,000 | 1,000,000 | 2,000,000 | 80% | ||||||||
| 36 month anniversary post signing of Definitive Option Agreement |
700,000 | 1,000,000 | 3,000,000 | |||||||||
| Total (Third Option) | 700,000 | 1,000,000 | 3,000,000 | 100% | ||||||||
| Grand Total | 1,500,000 | 4,000,000 | 6,000,000 | 100% |
| 現金（美元） | 認股權證明書 - |
勘探 開支（美元） |
所賺得的利息 | |||||||||
| 簽署有約束力的LOI | 25,000 | |||||||||||
| 45天明確選擇協議 發表LOI以後 |
25,000 | |||||||||||
| 在國際股票上市後 證券交易所 |
2,000,000 | |||||||||||
| 簽署最終協議後12個月 期權 |
250,000 | 1,000,000 | ||||||||||
| 總計（第一選擇） | 300,000 | 2,000,000 | 1,000,000 | 60% | ||||||||
| 簽署最終選擇協議24個月週年紀念日 明確選擇協議條款 |
500,000 | 1,000,000 | 2,000,000 | |||||||||
| 總計（第二選擇） | 500,000 | 1,000,000 | 2,000,000 | 80% | ||||||||
| 簽署明確選擇協議36個月週年紀念日 明確選擇協議 |
700,000 | 1,000,000 | 3,000,000 | |||||||||
| 總計（第三選擇） | 700,000 | 1,000,000 | 3,000,000 | 100% | ||||||||
| 總計 | 1,500,000股股權獎勵。 | 4,000,000 | 6,000,000 | 100% |
Antler will act as the operator during the option period and will be entitled to charge a management fee of 10% of expenditures incurred on the Project.
期權期間應由Antler擔任運營商，並有權對項目發生的支出收取管理費，該費用爲支出的10%。
A Special Purpose Vehicle will be formed at the start of option period, as defined in the Agreement. The Company will be granted a 2% NSR royalty on the entire Project. Following the execution of the Agreement, Fortress will prepare the Definitive Agreement within 30 business days.
特殊目的工具將在協議所定義的期權期間開始時成立。公司將獲得整個項目的2%淨銷售收入稅。在簽署協議後30個工作日內，Fortress將準備最終協議。
Figure 1: Map showing the Erongo Gold Project area EPLs and locations of the neighboring Twin Hills Gold Project (Osino Resources-Yintai Gold Corp.) and QKR's Navachab Gold Mine.
圖1：顯示Erongo Gold項目區域EPL和相鄰的Twin Hills Gold項目（Osino資源-Yintai Gold Corp.）和QKR的Navachab Gold礦區的地圖。特斯拉-地圖
Qualified Person
資格人員
The technical and scientific information in this presentation has been reviewed and approved by Mr. Oliver Tors, B.Sc (Hons)., Exploration Manager of the Company, who is registered as Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP) (Pr. Sci. Nat. No. 120660) and is a Qualified Person as defined by NI 43-101. Mr. Tors is an employee of Antler Gold Inc. and is not independent of the Company under NI 43-101.
本演示文稿中的技術和科學信息已由公司勘探經理、註冊南非自然科學理事會專業自然科學家（SACNASP）（Pr. Sci. Nat. No. 120660）Oliver Tors先生審查並獲得批准，並根據NI 43-101定義爲合格人員。Tors先生是Antler Gold Inc.的員工，並非NI 43-101下獨立於公司的人員。
About Antler Gold Inc.
關於Antler Gold Inc。
Antler Gold Inc. (TSXV: ANTL) is a Canadian listed mineral exploration company focused on the acquisition and exploration of mineral projects in Africa's Top-Ranked Jurisdictions, with exposure to both gold and Rare Earth Elements. The Company continues to assess new regional opportunities with the aim of building a risk diversified business model, which allows the company to generate short and long- term income whilst providing stakeholders with exposure to potential multiple returns that are generated from the discovery process.
Antler Gold Inc.（tsxv:ANTL）是一家加拿大上市的礦產勘探公司，專注於在非洲排名前列的司法管轄區內收購和勘探礦產項目，涉及黃金和稀土元素。公司繼續評估新的區域機會，旨在建立風險分散的商業模式，該模式允許公司產生短期和長期收益，同時爲利益相關者提供潛在的多重回報，這些回報是從發現過程中產生的。
Cautionary Statements
注意事項
This press release may contain forward-looking information, such as statements regarding the completion of the transactions subject to the Option Agreement and future plans and objectives of Antler and its subsidiaries, Antler Gold Namibia and others in relation to the Project. This information is based on current expectations and assumptions (including assumptions in connection with the continuance of the applicable company as a going concern and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict, including risks relating to the ability to satisfy the conditions to completion of the transactions contemplated by the Option Agreement. Actual results may differ materially from results suggested in any forward-looking information. Antler assumes no obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in filings made by Antler with Canadian securities regulators, copies of which are available at .
本新聞稿可能包含前瞻性信息，如有關完成根據選擇權協議的交易和Antler及其子公司（Antler Gold Namibia等）與該項目相關的未來計劃和目標的聲明。此信息基於當前的期望和假設（包括與適用公司作爲經營實體和一般經濟和市場條件有關的假設），有着重大的風險和不確定性，難以預測，包括有關滿足選擇權協議中所 contemplat的交易完成條件的能力的風險。實際結果可能與任何前瞻性信息中所建議的結果有所不同。Antler假設無法更新此發佈中的前瞻性信息，或更新實際結果可能與反映在前瞻性信息中的結果不同的原因，除非要求適用的證券法規。有關風險和不確定性的詳細信息，請參閱Antler向加拿大證券監管機構提交的文件副本，這些文件可在 .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange和其規制服務提供方（該術語在TSX Venture Exchange政策中有定義）均不對本發佈的充分性或準確性負責。
For further information, please contact Chris Drysdale, CEO of Antler Gold Inc. at +264 81 220 2439 or email at chris@antlergold.com
欲了解更多信息，請聯繫Antler Gold Inc.的CEO Chris Drysdale，電話+264 81 220 2439，電子郵件chris@antlergold.com。
譯文內容由第三人軟體翻譯。