Lode Gold Resources Inc. is excited to announce an agreement with Fancamp Exploration Ltd., resulting in a $3.5 million investment into the Company and its subsidiary, Gold Orogen. This agreement involves the transfer of interests in the McIntyre Brook Property and Riley Brook Property, both located in New Brunswick, into a joint venture between Gold Orogen and Fancamp. As a result, Fancamp will become a key shareholder of Lode Gold and a 19.9% shareholder of Gold Orogen.
The Investment Agreement and related transactions are subject to TSX Venture Exchange acceptance. Highlights of this agreement include the creation of a significant mineral claim holding in New Brunswick and strategic interests in two gold camps in North America.
Furthermore, Fancamp’s investment will fund exploration activities on the McIntyre Brook and Riley Brook properties, with Lode Gold providing management and technical expertise, and Fancamp acting as operator of the joint venture.
Overall, this partnership aims to leverage the strengths and resources of both companies to enhance exploration efforts and maximize the potential of the properties involved. With experienced leadership and technical teams in place, the joint venture is well-positioned to drive value and achieve success in the mineral exploration sector.
