Newfoundland Discovery Expands Portfolio With JMW and Maxwell Properties, Quebec
Newfoundland Discovery Expands Portfolio With JMW and Maxwell Properties, Quebec
Toronto, Ontario--(Newsfile Corp. - November 3, 2022) - NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that the Company has entered into option agreements (the "Agreements") with Gitennes Exploration Inc. ("Gitennes") whereby Gitennes has granted the Company the option to acquire up to an 85% interest in two projects (called the "JMW" and "Maxwell" Properties), located in the Chapais-Chibougamau Area Quebec, Canada.
安大略省多倫多-(Newsfile Corp.-2022年11月3日)-紐芬蘭發現公司。(CSE：NewD)(場外粉色：NEWDF)(FSE：M4K)紐芬蘭探索公司(“Newfinland Discovery”或“公司”)很高興地宣佈，公司已與Gitennes Explore Inc.(“Gitennes”)簽訂期權協議(“協議”)，根據該協議，Gitennes授予公司收購位於加拿大魁北克省Chapais-ChiBougamau地區的兩個項目(稱為“JMW”和“Maxwell”Properties)高達85%權益的選擇權。
The JMW Property lies along the Guercherville Deformation zone which is host to several past producing mines as well as Iamgold's Nelligan deposit that hosts approximately 3.1 million of ounces of gold. The JMW Property has gold mineralization and visible gold in drill holes associated with the deformation zone. Gold has also been observed in intrusive rocks to the north of the deformation zone. Additionally, a target on JMW is the sediments which is the host rock for the neighbouring Nelligan deposit.
JMW礦藏位於蓋爾切維爾變形帶沿線，該變形帶是幾個過去生產礦山的所在地，也是IamGold的Nelligan礦牀的所在地，該礦牀擁有約310萬盎司黃金。JMW礦體具有金礦化作用，在與變形帶相關的鑽孔中可見金礦化。在變形帶以北的侵入巖中也發現了金。此外，JMW上的一個目標是沉積物，這是鄰近Nelligan礦牀的賦存巖石。
The Maxwell Project is approximately 15 km to the northeast of JMW and close to Iamgold's Monster Lake deposit that hosts 433,000 ounces of gold. Maxwell has several occurrences of gold in both the fine and heavy fraction of glacial tills and the gold in tills is associated with mapped structures. The structures are northeast trending, similar to Iamgold's Nelligan property. Maxwell has seen very little exploration and several Electro-Magnetic geophysical anomalies remain untested.
Maxwell項目位於JMW東北約15公里處，靠近IamGold的Monster Lake礦牀，該礦牀藴藏着433,000盎司黃金。麥克斯韋爾冰川碎屑中的金在細粒冰川和重冰川碎屑中都有多次賦存，冰層中的金與繪製的構造有關。這些構造呈東北方向，類似於IamGold的Nelligan地產。麥克斯韋爾的勘探非常少，幾個電磁地球物理異常仍未得到測試。
Terms of the Agreements
協議的條款
The Company may earn an initial 70% interest in each property under the following terms:
根據下列條款，公司可在每個物業中賺取初始70%的權益：
JMW Property*
JMW物業*
| Cash | Common Shares | Work Commitments | |
| On signing | $5,000 | ||
| On Closing | 125,000 | ||
| Year 1 Annivesary | 150,000 | $500,000 | |
| Year 2 Anniversary | 250,000 | $500,000 | |
| Year 3 Anniversary | 350,000 | $500,000 | |
| Total | $5,000 | 825,000 | $1,500,000 |
| 現金 | 普通股 | 工作承諾 | |
| 關於簽字 | $5,000 | ||
| 關於結案陳詞 | 125,000 | ||
| 元旦世界末日 | 150,000 | $500,000 | |
| 第二年週年紀念 | 250,000 | $500,000 | |
| 第三年週年紀念 | 350,000 | $500,000 | |
| 總計 | $5,000 | 825,000 | $1,500,000 |
* The Company may earn an additional 15% interest by completing an NI 43-101 compliant resource on the property.
*該公司通過在該物業上完成符合NI 43-101標準的資源，可以額外賺取15%的利息。
Maxwell Property*
麥克斯韋財產*
| Cash | Common Shares | Work Commitments | |
| On signing | $5,000 | ||
| On Closing | 125,000 | ||
| Year 1 Anniversary | 50,000 | $250,000 | |
| Year 2 Anniversary | 150,000 | $350,000 | |
| Year 3 Anniversary | 250,000 | $400,000 | |
| Total | $5,000 | 575,000 | $1,000,000 |
| 現金 | 普通股 | 工作承諾 | |
| 關於簽字 | $5,000 | ||
| 關於結案陳詞 | 125,000 | ||
| 一週年紀念 | 50,000 | $250,000 | |
| 第二年週年紀念 | 150,000 | $350,000 | |
| 第三年週年紀念 | 250,000 | $400,000 | |
| 總計 | $5,000 | 575,000 | $1,000,000 |
* The Company may earn an additional 15% interest by completing an NI 43-101 compliant resource on the property.
*該公司通過在該物業上完成符合NI 43-101標準的資源，可以額外賺取15%的利息。
The Company has paid a finder's fee of 200,000 common shares to an arm's-length party for organizing the transaction. All shares issuable pursuant to the transaction will be subject to a hold period of four months and one day from issuance.
該公司已向組織這筆交易的獨立交易方支付了20萬股普通股的尋找人費用。根據該交易可發行的所有股票將受自發行起四個月零一天的持有期限制。
About Newfoundland Discovery Corp.
紐芬蘭探索公司簡介
Newfoundland Discovery is a Canadian junior mining exploration company focused on exploration and development along the Detour Gold trend in Quebec and the Central Gold Belt in Newfoundland and Labrador. The Company is one of the largest mineral claim holders in the Detour trend and retains significant landholdings in Newfoundland.
紐芬蘭發現是一家加拿大初級礦業勘探公司，專注於魁北克的迪圖爾金礦趨勢以及紐芬蘭和拉布拉多的中央金礦帶的勘探和開發。該公司是迂迴趨勢中最大的礦產所有權持有者之一，並在紐芬蘭保留了大量土地。
On Behalf of the Board of Directors,
NEWFOUNDLAND DISCOVERY CORP.
我謹代表董事會：
紐芬蘭發現公司。
"Jeremy Prinsen"
President, CEO & Director
《傑裏米·普林森》
董事首席執行官總裁
Investor Relations
Email: info@newfoundlanddiscovery.com
Website:
投資者關係
電子郵件：info@newfinlanddiscovery.com
網站：
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
CSE及其監管服務提供商(該術語在CSE的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Forward-Looking Statement
This news release may contain certain "forward-looking statements." Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
前瞻性陳述
本新聞稿可能包含某些“前瞻性陳述”。前瞻性陳述涉及已知和未知的風險、不確定性、假設和其他因素，這些風險、不確定性、假設和其他因素可能導致公司的實際結果、業績或成就與前瞻性陳述明示或暗示的任何未來結果、業績或成就大不相同。任何前瞻性聲明僅在本新聞稿發佈之日發表，除適用的證券法可能要求外，公司不承擔任何更新任何前瞻性聲明的意圖或義務，無論是由於新信息、未來事件或結果或其他原因。
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