Trifecta Gold Receives Final Approval for Tombstone Belt Transaction

Trifecta Gold Ltd. has received final approval from the TSX Venture Exchange to acquire up to 100% interest in Mt Hinton and 10 other gold projects in Yukon's Tombstone Gold Belt. This approval follows their March 1st, 2024 news release. The projects show characteristics of reduced intrusion-related gold systems.

The Tombstone Gold Belt extends over 1,000 km from Alaska to Yukon and hosts significant deposits like Fort Knox, Pogo, Eagle, Olive, and the Brewery Creek Mine. Recent discoveries have renewed exploration interest in the region, adding more than 17 million ounces to resources since May 2020.

Under the agreement with Strategic Metals Ltd., Trifecta can earn an initial 70% interest in the properties by incurring $6 million in exploration expenditures by December 31, 2027, and issuing 305,000 shares to Strategic. They can later acquire the remaining 30% interest by issuing additional shares to Strategic.

The optioned portfolio covers about 30,000 hectares across 11 properties. If the First Option is exercised only, a joint venture will be formed for further exploration and development.