Tajiri Acquires a Majority Interest in the Yono Gold Property, Guyana, Contiguous to 7.9 Moz of Gold Resources
The Yono Gold Property is strategically situated just 170 metres from significant gold resources totalling approximately 5.2 million and 2.7 million ounces (Indicated and Inferred) on the adjacent
Terms of the Acquisition were first announced
CEO & President
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1 The disclosure and/or Figure 1 in this news release includes information on properties adjacent to Tajiri's projects. Tajiri has no interest in or rights to acquire any interest in such adjacent properties, and the information presented is not necessarily indicative of the mineralization on the Yono Gold Property. The results from adjacent properties are disclosed strictly to provide context and should not be interpreted as suggesting that similar results will be obtained from the Yono Gold Property. |
Key Highlights of the Acquisition
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Ownership: Tajiri now holds a 65% interest in the Yono Gold Property, with Nebula retaining 35% through a
Guyana trust structure that complies with local law. -
Joint Venture : An exploration JV has been formed with Tajiri as manager and controlling vote; key strategic decisions require unanimous approval. - No Minimum Spend: Tajiri has no mandated minimum expenditure commitments.
- Feasibility Upside: Upon a positive bankable feasibility study, Nebula must fund its share or convert its 35% interest into either a 10% NPI or 2.5% NSR, with a reinstatement right if certain expenditure thresholds are not met.
Two directors of Tajiri - Messrs.
The Company also reports that subject to the approval of the
On Behalf of the Board,
President & CEO
About Tajiri
Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including, without limitation, statements with respect to: the completion and integration of the acquisition of the Yono Property; anticipated results of geophysical surveys or drilling programs; estimated timing thereof; geological interpretations; potential mineral recovery processes; and other future plans and objectives of the Company. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases, or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements contained herein are made as of the date of this press release, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy and / or accuracy of this release.
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