VANCOUVER, British Columbia, Aug. 14, 2018 (GLOBE NEWSWIRE) — Trifecta Gold Ltd. (TSX-V: TG) (“Trifecta”) announces that it has sold 100% of its interest in the Handsome Jack property to StrikePoint Gold Inc. (TSX-V: SKP) (“StrikePoint”). The Handsome Jack property is located in British Columbia’s Golden Triangle and borders the past-producing Porter Idaho Project.
Under the terms of a property purchase agreement, StrikePoint will issue 250,000 of its common shares and pay $25,000 to Trifecta. Trifecta has retained a 1% net smelter return royalty interest (“NSR”) in all future production from the property. StrikePoint can at any time, purchase one-half of the NSR from Trifecta for $500,000.
About Trifecta Gold Ltd.
Trifecta is a Canadian precious metal exploration company dedicated to increasing shareholder value through the acquisition and development of attractive exploration projects in Canada, the United States and other mining friendly jurisdictions. Trifecta is currently focused on its Yuge project, a high-grade mesothermal gold prospect in northern Nevada.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
For further information concerning Trifecta or its various exploration projects please visit our newly updated website at www.trifectagold.com or contact:
| Corporate Information
Trifecta Gold Ltd.
President and CEO
Tel: (604) 687-2522
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.