Mayo Lake Minerals Update
Mayo Lake Minerals Update
Mayo Lake Minerals Updates Merger Activities; Private Placement Progress; Securities Incentives; Marketing
梅奧湖礦業最新合併活動；私募進展；證券激勵措施；市場營銷
Ottawa, Ontario--(Newsfile Corp. - May 3, 2024) - Mayo Lake Minerals Inc. (CSE: MLKM) (Mayo or Company) is pleased to report on the progress of its proposed merger with WestMountain Gold, Inc. (WestMountain), as initially described in Mayo's press release of August 17, 2023 and as recently updated on March 12, 2024; the closing of the third tranche of its ongoing $1.4 million private placement ($1.4M Placement); the issuance of Compensation Securities based on the performance of the Company and recipients for the period between July 1, 2022 and December 31, 2023; and the engagement of Outside the Box Capital Inc. for marketing services.
安大略省渥太華--（Newsfile Corp.-2024 年 5 月 3 日）- 梅奧湖礦業公司（CSE：MLKM）（梅奧或公司） 很高興地報告其與WestMountain Gold, Inc.的擬議合併進展情況。(西山)， 正如梅奧2023年8月17日的新聞稿中最初描述的那樣，最近於2024年3月12日進行了更新；其正在進行的140萬美元私募的第三批已結束（140 萬美元的配售）；根據公司和收款人在2022年7月1日至2023年12月31日期間的業績發行薪酬證券；以及聘請Outside the Box Capital Inc.提供營銷服務的情況。
Third Tranche of $1.4M Placement Closes; Mayo has today closed the third tranche of its ongoing $1.4M Placement for 6,906,400 CS Units totaling $414,384. To date, Mayo has now closed on a total of $574,984 under the placement which will be extended until the initiation of the merger private placement (Merger Financing).
第三批140萬美元的配售結束； 梅奧今天完成了其正在進行的140萬美元配售的第三批6,906,400套CS單位，總額爲414,384美元。迄今爲止，梅奧現已完成總額爲574,984美元的配售，該配售將延長至合併私募開始（合併融資)。
Each CS Unit consists of one common share and one whole warrant exercisable into one additional common share at $0.09 for a period of four years from the date of issuance. The securities issued pursuant to the Offering will be subject to a statutory hold period of four (4) months and one day after the closing date. The CS Unit proceeds will be used for general corporate purposes.
每個CS單位由一股普通股和一股完整認股權證組成，自發行之日起四年內可按0.09美元的價格行使爲另一股普通股。根據本次發行發行的證券將在截止日期後四（4）個月零一天的法定持有期限。CS 單位的收益將用於一般公司用途。
A senior officer and one director of the Company (both 'Related Parties under Multilateral Instrument 61-101), subscribed for a total of 886,567 Units for a total of $53,194. Mayo is exempt from obtaining a formal valuation and minority approval of its shareholders in respect of the Related Party Participation due to the fair market value of the Related Party Participation being below 25% of the Company's market capitalization for the purposes of MI 61-101.
該公司的一名高級管理人員和一名董事（均爲61-101號多邊文書下的關聯方）共認購了886,567個單位，總額爲53,194美元。就關聯方參與而言，梅奧無需獲得股東的正式估值和少數股東批准，因爲就MI 61-101而言，關聯方參與的公允市場價值低於公司市值的25％。
The Merger and Associated Financing; Mayo plans to initiate the 'Merger Financing' in conjunction with the final administrative steps for the completion of a definitive agreement for subsequent signing and completion of the Merger.
合併和相關融資; 梅奧計劃發起 “合併融資'同時爲完成最終協議以供隨後簽署和完成合並而採取的最後行政步驟。
The merged company (MergCo) will result in a well-diversified combination of prospective gold properties within the prolific Tintina Gold Province. Through a wholly-owned Alaskan subsidiary, it will hold an advanced-stage project with a significant gold resource and several highly prospective gold and silver projects.
合併後的公司 (mergCo）將促成多產的丁蒂納黃金省內潛在黃金地產的多元化組合。它將通過阿拉斯加的一家全資子公司舉辦一個擁有大量黃金資源和幾個極具前景的黃金和白銀項目的後期項目。
MergCo will use the proceeds of the Merger Financing for an aggressive drill program to upgrade and increase the estimated narrow vein, high-grade gold resources and bulk mining model resources of gold with silver credits at WestMountain's Terra project.
MergCo將把合併融資的收益用於一項積極的鑽探計劃，以升級和增加WestMountain的Terra項目中估計的窄礦脈、高品位金資源和批量開採模型的黃金資源。
MergCo's management team combines a track record of successful exploration as well as development with a capacity to unlock the full potential of a variety of projects. Mayo's geological team has an experienced professional understanding of regional mineralization, decades of working in a harsh environment and a strong commitment to environmental matters. WestMountain provides individuals with on-site experience.
MergCo的管理團隊將成功勘探和開發的往績與釋放各種項目全部潛力的能力相結合。梅奧的地質團隊對區域礦化有着豐富的專業理解，在惡劣的環境中工作了數十年，並對環境問題做出了堅定的承諾。WestMountain 爲個人提供現場體驗。
WestMountain Gold, Inc. (Terra): WestMountain brings its Terra Gold Project to the amalgamated company. In 2020, R.J. (Jim) Robinson, B.Sc. P.Geo., (QP) reported to WestMountain1 that Terra contains Indicated Resources, 435,360 ounces gold at 12.08g Au/t and Inferred Resources, 267,943 ounces gold at 10.59g Au/t with a 5.0g Au/t cut-off for a total of 703,303 ounces at 10.28g Au/t, based on an under-ground ("UG") narrow vein mining model. Robinson also reported in an internal report to WestMountain that resources for a model with extraction by open pit at the Fish Zone and bulk mining at the Ben Zone were Indicated, 1,671,348 ounces gold at 1.43g Au/t and Inferred, 840,132 ounces gold at 1.3g Au/t for a total of 2,511,480 ounces gold at 2.23g Au/t. An underground mining model with a cut-off of 3.0g Au/t, related to present constraints, estimates indicated and inferred resources of 818,809 ounces gold and 1,034,179 ounces silver for Terra's drilled resource area. For Mayo's purposes at this time, these resources are deemed historical.
WestMountain Gold, Inc.（Terra）： WestMountain將其Terra Gold項目帶給了這家合併後的公司。2020 年，R.J.（吉姆）羅賓遜獲得理學學士學位P.Geo.，（QP）向 WestMountain 彙報了1 根據地下數據，Terra 包含指示資源、435,360 盎司黃金（12.08 克澳元/噸）和推斷資源、267,943 盎司黃金（10.59 克澳元/噸），總計 703,303 盎司（10.28 克澳元/噸）UG“) 窄礦脈採礦模型。魯濱遜還在向WestMountain提交的內部報告中報告說，顯示了魚區露天開採和本區批量採礦的模型的資源，1,671,348盎司黃金，1.43g 澳元/噸，推斷，840,132盎司黃金，1.3克澳元/噸，共計2511,480盎司黃金。截止值爲3.0克的地下采礦模型 Au/t，與目前的限制因素有關，估計顯示並推斷出Terra鑽探資源區的資源量爲818,809盎司黃金和1,034,179盎司白銀。就梅奧目前的目的而言，這些資源被視爲歷史資源。
As of August, 2023, 4,500 ounces of gold have been extracted from ~ 3,000 tonnes of excavated ore; this equated to a gold grade of ~ 46g Au/t. On-site pilot studies determined that the gold and silver (partially) could be extracted by crushing and pulverizing followed by gravity separation without the use of chemicals.
截至2023年8月，已經從約3,000噸挖掘的礦石中提取了4500盎司的黃金；這相當於黃金品位約爲46g Au/t。現場試點研究確定，金和銀（部分）可以通過破碎和粉碎，然後進行重力分離來提取，而無需使用化學物質。
The Ben and Fish zones lie within a 2.5 km N-S trending, mineralized corridor. The two zones contain numerous multi-phased high-grade veins up to 1m plus in width and of various strike lengths. These veins parallel the primary vein within each zone. The high-grade veins are commonly within an envelope of stringers and stockwork silification, increasing the width of the mineralization adjacent to the main vein widths to anywhere up to 10m; a configuration that could lead to a reduction of costs in underground mining. Both zones are open along strike and at depth, being only tested to approximately 250m below ground surface. Parallel high-grade veins and adjacent low grades enveloping the veins offer the opportunity for a rapid upgrade in resource quantity and quality with strategically located drill holes.
Ben 和 Fish 區域位於一條長達 2.5 千米的南北向礦化走廊內。這兩個區域包含許多多相位的高級礦脈，寬度可達 1m 以上，打擊長度各不相同。這些靜脈與每個區域內的主靜脈平行。高品位礦脈通常位於縱梁和堆石化層的包圍範圍內，這會將主礦脈寬度附近的礦化寬度增加到最多 10 米；這種配置可以降低地下采礦的成本。這兩個區域在走向和深度上都是開放的，僅在地表以下大約 250 米處進行測試。平行的高品位礦脈和環繞礦脈的相鄰低品位礦脈爲利用戰略位置的鑽孔快速提升資源數量和質量提供了機會。
Thirty diamond drill holes (DDHs) were completed during drilling in 2018 and 2019. Of the thirty DDHs, twenty-five cored quartz veins assaying over 10g Au/t; with multiple veins being cored in fifteen DDH. The gold values ranged from 10g Au/t up to 246g Au/t with widths ranging from 0.2 to 1.5m in a total of sixty-four intercepts, averaging 36.3g Au/t.
在2018年和2019年的鑽探過程中，完成了三十個金剛石鑽孔（DDH）。在三十個 DDH 中，有二十五條有芯石英脈的測定值超過 10g Au/t；在十五個 DDH 中對多條礦脈進行取芯。黃金價值從10克金/噸到246克金/噸不等，寬度從0.2到150米不等，共有六十四個截距，平均爲36.3克金/噸。
Terra has infrastructure and facilities at the site including: a 25-person camp facility with a mess tent, showers, water wells, laundry facilities, and privies, plus an office, core shack, storage area, a mill building, a storage shed, fuel depot, bulldozers and vehicle equipment, a road network and a 1,463m airstrip. Services are available at Anchorage some 210 km to the east. A winter road from the Alaska Highway Network presently ends within 65 km of Terra and an all-weather road is planned by the state to replace the winter road in the near future. WestMountain has stated that there are no significant fish, wildlife, wetlands or environmental issues, indigenous land claims or Federal mining permits required.
Terra在該場地的基礎設施和設施包括：一個可容納25人的營地設施，包括食堂帳篷、淋浴間、水井、洗衣設施和私人房間，以及辦公室、核心小屋、存儲區、工廠建築、儲藏棚、燃料庫、推土機和車輛設備、道路網絡和1463米的簡易機場。向東約210公里的安克雷奇提供服務。阿拉斯加公路網的一條冬季道路目前在距離Terra不到65公里處結束，該州計劃在不久的將來修建一條全天候道路，以取代冬季道路。WestMountain表示，不需要重大的魚類、野生動物、溼地或環境問題，也不需要土著土地主張或聯邦採礦許可證。
For more information on WestMountain's properties, please visit: .
有關西山物業的更多信息, 請訪問:.
Mayo Lake Minerals Inc. owns 4 properties covering 202 square kilometers in the Yukon where it has completed extensive exploration over the last 12 years. Independent of any activities proposed for Terra, Mayo plans (i) to complete soil surveys of prospective area identified by soil and magnetic surveys to add to its gold prospects within the Anderson Gold Belt and (ii) to trench its Carlin West and AJ silver targets at its Carlin-Roop property in 2024. Mayo's Trail-Minto property may well host similar mineralization to that at Banyan Gold's AurMac or Victoria Gold's Eagle Mine (intrusion related with sheeted veining) and will be the subject of additional soil surveying and trenching in 2024. For more information on Mayo's properties, please visit .
梅奧湖礦業公司 在育空地區擁有4處房產，佔地202平方公里，在過去的12年中，它已經完成了廣泛的勘探。 與Terra的任何擬議活動無關，梅奧計劃（i）完成對通過土壤和磁力調查確定的潛在區域的土壤調查，以增加其在安德森金帶內的黃金前景；（ii）在2024年在其Carlin-Roop地產挖掘其Carlin West和AJ的白銀目標。梅奧的Trail-Minto地產的礦化作用很可能與悅榕金的AurMac或維多利亞黃金的鷹礦相似（入侵與板狀礦脈有關），並將於2024年進行額外的土壤測量和挖溝。有關梅奧房產的更多信息，請訪問。
Issuance of Compensation Securities; Mayo also announced the issuance of a total of 4,333,63 options to certain officers, employees and consultants (Recipients) of the Company in lieu of cash compensation as part of its ongoing efforts to incentivize its personnel without depleting cash resources. These options were related to performance of the Recipients for the period beginning July 1, 2022 and ending December 31, 2023. Each option is exercisable into one common share at a price of $0.10 for a period of 5 years from the date of issuance. Two independent directors of the Company were awarded a total of 502,200 Deferred Share Units (DSUs); each Unit will vest in the name of the grantee on his retirement from the board and automatically be converted into one common share. Mayo's independent directors do not receive cash compensation. All issuances detailed in this release are subject to the consent of the Canadian Securities Exchange.
發行補償證券； 梅奧還宣佈向某些高管、僱員和顧問共發行4,333,63份期權（收件人）公司以代替現金薪酬，這是該公司在不消耗現金資源的情況下激勵員工的持續努力的一部分。這些選項與接收者在2022年7月1日起至2023年12月31日止期間的業績有關。自發行之日起，每份期權均可按0.10美元的價格行使爲一股普通股，期限爲5年。公司的兩名獨立董事共獲得502,200個遞延股份單位（DSU）；每個單位將在受贈方從董事會退休後以其名義歸屬，並自動轉換爲一股普通股。梅奧的獨立董事不獲得現金補償。本新聞稿中詳述的所有發行均需獲得加拿大證券交易所的同意。
Marketing Agreement with Outside the Box Capital: Mayo has also entered into a six month marketing and consulting contract with Toronto-based marketing firm Outside The Box Capital Inc. ("OTBOX"). OTBOX specializes in various social media platforms and digital marketing strategies, and can facilitate greater awareness and widespread dissemination of the Company's activities. The agreement has an effective date of May 6, 2024 and will run for a period of six months. The Company will pay OTBOX a cash fee of $100,000 plus applicable taxes. Their engagement remains subject to TSX Venture Exchange approval.
與開箱即用資本簽訂的營銷協議： 梅奧還與總部位於多倫多的營銷公司Outside The Box Capital Inc.（“OTBOX”）簽訂了爲期六個月的營銷和諮詢合同。OTBOX專門研究各種社交媒體平台和數字營銷策略，可以促進對公司活動的認識和廣泛傳播。該協議的生效日期爲2024年5月6日，爲期六個月。公司將向OTBOX支付100,000美元的現金費，外加適用的稅款。他們的參與仍需獲得多倫多證券交易所風險交易所的批准。
Qualified Person. The technical and scientific information contained within this news release has been reviewed and approved by Dr. Vern Rampton, P.Eng., a Qualified Person as defined by National Instrument 43-101 Standard of Disclosure for Mineral Projects ("NI 43-101). Rampton, has reviewed data reported on and within a technical report, dated June 20, 2020 (see footnote 1) and an internal report (2023) prepared for WestMountain and authored by Jim Robinson, B.SC., P.Geo. (QP). Rampton accepts responsibility for any interpretations or projections based on the information contained within the two reports. The information contained in these documents provides an indication of the exploration potential of Terra as interpreted by Rampton. Although Rampton has assessed the reported data to be reliable, he cannot guarantee that any reported projections will result in development and mining.
合格人士。 本新聞稿中包含的技術和科學信息已獲得 P.Eng. Vern Rampton 博士的審查和批准，他是 National Instrument 43-101 定義的合格人員 礦業項目披露標準 （“在 43-101 中）。蘭普頓審查了2020年6月20日的技術報告（見腳註1）和爲WestMountain編寫、由P.Geo理學理學士吉姆·羅賓遜撰寫的內部報告（2023年）中報告和報告中的數據。(QP)。蘭普頓對基於兩份報告中所載信息的任何解釋或預測承擔責任。根據蘭普頓的解釋，這些文件中包含的信息表明了Terra的勘探潛力。儘管蘭普頓評估了報告的數據是可靠的，但他無法保證所報告的任何預測都會導致開發和採礦。
About Mayo Lake Minerals Inc.: Mayo is actively engaged in the exploration and development of four precious metal projects in the Tombstone Gold (Plutonic) Belt of the Tintina Gold Province. The properties cover 202 square kilometres in the Yukon's Mayo Mining District and lie within the traditional territory of the Na-Cho Nyäk Dun First Nation. Mayo is focusing on its two flagship properties; the Carlin-Roop Silver Project lying within the Keno Hill Silver District and the promising Anderson-Davidson gold property. Two active mines; Victoria Gold's Eagle Gold Mine and Hecla Mining's Keno Silver mines are nearby. Mayo has recently turned its attention to effecting a merger with WestMountain Gold, Inc.
關於梅奧湖礦業公司: 梅奧積極參與丁蒂納黃金省墓碑金（Plutonic）地帶四個貴金屬項目的勘探和開發。這些房產佔地202平方公里，位於育空地區的梅奧礦區，位於Na-Cho Nyak Dun原住民的傳統領土內。梅奧正專注於其兩處旗艦物業：位於基諾山白銀區內的卡林-魯普白銀項目和前景光明的安德森-戴維森黃金地產。附近有兩個活躍的礦山：維多利亞黃金的鷹金礦和赫克拉礦業的基諾銀礦。梅奧最近將注意力轉向了與WestMountain Gold, Inc.進行合併。
About WestMountain Gold, Inc.: WestMountain is a junior mineral exploration and development company that is seeking to explore and develop its current prospective advanced-stage Terra Gold Project in Alaska, consisting of 339 unpatented lode mining claims and 5 leased unpatented lode mining claims. A 43-101 Technical Report reports that Terra contains 703,300 ounces of narrow vein high grade (11.35g Au/t) and 2,511,480 ounces of bulk mineable rock (1.3g Au/t).
關於 WestMountain Gold, Inc.: WestMountain是一家初級礦產勘探和開發公司，正在尋求勘探和開發其目前在阿拉斯加前景的後期Terra Gold項目，該項目包括339項未獲專利的礦脈開採索賠和5項已租賃的未專利礦脈採礦索賠。一份43-101技術報告稱，Terra含有703,300盎司的窄脈高品位（11.35克澳元/噸）和2511,480盎司的散裝可開採岩石（1.3克澳元/噸）。
For additional information, please contact:
欲了解更多信息，請聯繫:
Vern Rampton, Ph.D., P.Eng. President & CEO; vrampton@mayolakeminerals.com Tel. 613-836-2594
Darrell Munro, Corporate Administration; dmunro@mayolakeminerals.com Tel. 613-836-2594
Lee Bowles. Director; lbowles@ironstonecapital.ca Tel. 011 3462 466 9063
維爾恩·蘭普頓，博士，工程學碩士總裁兼首席執行官；vrampton@mayolakeminerals.com 電話 613-836-2594
達雷爾·芒羅，企業管理；dmunro@mayolakeminerals.com 電話 613-836-2594
李·鮑爾斯董事；lbowles@ironstonecapital.ca 電話 011 3462 466 9063
Cautionary Statement Regarding Forward-Looking Information
關於前瞻性信息的警示聲明
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of Mayo and WestMountain. Although management of Mayo and WestMountain believe that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
本新聞稿包含適用證券法所指的前瞻性陳述和前瞻性信息。這些陳述與未來事件或未來表現有關。除歷史事實陳述以外的所有陳述可能是前瞻性陳述或信息。前瞻性陳述和信息基於梅奧和WestMountain管理層做出的某些關鍵預期和假設。儘管梅奧和WestMountain的管理層認爲此類前瞻性陳述和信息所依據的預期和假設是合理的，但不應過分依賴前瞻性陳述和信息，因爲無法保證它們將被證明是正確的。
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of Mayo and WestMountain relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. BECAUSE MAYO AND WESTMOUNTAIN HAVE ENTERED INTO A NON-BINDING LETTER OF INTENT, THERE IS NO ASSURANCE WHATSOEVER THAT THE CONTEMPLATED TRANSACTION WILL OCCUR. FURTHER, THERE IS NO ASSURANCE THAT MAYO WILL BE ABLE TO RAISE THE NECESSARY CAPITAL TO PROCEED WITH THE CONTEMPLATED TRANSACTION. BOTH MAYO AND WESTMOUNTAIN HAVE LIMITED CAPITAL.
提供前瞻性陳述和信息的目的是提供有關Mayo和WestMountain管理層當前對未來的預期和計劃的信息。提醒讀者，依賴此類陳述和信息可能不適合用於其他目的，例如做出投資決策。自從向前-外觀陳述和信息涉及未來的事件和狀況，就其本質而言，它們涉及固有的風險和不確定性。由於許多因素和風險，實際結果可能與目前的預期有重大差異。因此，讀者不應過分依賴前言-查看本新聞稿中包含的陳述和信息。由於梅奧和WESTMOUNTAIN已經簽訂了不具約束力的意向書，因此無法保證預期的交易會發生。此外，無法保證梅奧能夠籌集必要的資金來進行預期的交易。梅奧和韋斯特芒廷的資本都很有限。
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
前鋒-本新聞稿中包含的看似陳述和信息截至本文發佈之日作出，不承諾公開更新或修改任何前瞻性聲明-查看陳述或信息，無論是新信息、未來事件還是其他原因，除非適用的證券法有此要求。本警示聲明明確限定了本新聞稿中包含的前瞻性陳述或信息。
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
加拿大證券交易所及其市場監管機構（該術語在加拿大證券交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
1Revised N.I. 43-101 Technical Report on the Geophysical Surveying, Diamond Drilling, Soil and Rock Sampling, and Resource Estimates of the Terra Property, Lime Hills Quadrangle, McGrath Mining District, Mt. McKinley Recording District, Alaska, USA; June 20, 2020. Report prepared by Mr. Ronald James (Jim) Robinson, B.Sc., P. Geo. Of Aurora Geoscience Ltd., 1901 Davis Ave. Unit B1, Juneau, AK99801, USA for WestMountain Gold Inc. 1001-A East Harmony Road, Suite 340, FT Collins, CO80525, USA.
1修訂後的 N.I. 43-101《關於地球物理測量、鑽石鑽探、土壤和岩石採樣及資源估算的技術報告》，位於山州麥格拉思礦區 Lime Hills Quadrangle。美國阿拉斯加州麥金萊唱片區；2020年6月20日。報告由羅納德·詹姆斯（吉姆）羅賓遜先生編寫，理學學士，P. Geo。位於戴維斯大道 1901 號的奧羅拉地球科學有限公司旗下美國 AK99801 朱諾 B1 單元，適用於 WestMountain Gold Inc. East Harmony Road 1001-A，340 號套房，FT Collins，CO80525，美國。
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