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Great Eagle Gold Corp. Clarifies Mineral Rights Acquisition Announcement

Story Highlights
  • Great Eagle Gold Corp. issued a clarification about acquiring mineral rights with NI 43-101 compliant gold resources.
  • The company corrected inaccuracies regarding ‘certified’ inferred gold resources to align with regulatory standards.
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Great Eagle Gold Corp. Clarifies Mineral Rights Acquisition Announcement

Miza II Resources, Inc. ( (TSE:GEGC) ) has provided an announcement.

Great Eagle Gold Corp., a company in the gold mining industry, has issued a clarification regarding its previous announcement about acquiring patented mineral rights containing NI 43-101 compliant gold resources. This follows a review by the British Columbia Securities Commission and a request by the Canadian Investment Regulatory Organization for clarification. The company had initially stated that it signed a non-binding LOI with New Path Resources Inc. to acquire 100% interest in a mining claims package. The previous release contained inaccuracies regarding the use of the term ‘certified’ inferred gold resources, which has now been corrected to align with NI 43-101 standards. This clarification impacts the company’s operations by ensuring compliance with regulatory standards and maintaining transparency in its stakeholder communications.

More about Miza II Resources, Inc.

YTD Price Performance: 40.0%

Average Trading Volume: 22,527

Technical Sentiment Consensus Rating: Sell

See more insights into GEGC stock on TipRanks’ Stock Analysis page.

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