Antler Gold Announces Agreement to Acquire the Onkoshi Gold Project in Namibia
HALIFAX, NOVA SCOTIA – (CNW – April 13, 2022) – Antler Gold Inc. (“Antler” or the “Company”) (TSX-V:ANTL) is pleased to announce that the Company and its wholly owned subsdiary, Antler Gold Namibia (Pty) Ltd. (“Antler Namibia”) have entered into a binding agreement dated April 13, 2022 to acquire 90% of the Onkoshi Gold Project (the “Project”) in Namibia (the “Agreement”) from an arm’s length vendor. The Project will be held in Antler’s project generation vehicle (“Project Generator”) owned 87.5% by Antler and 12.5% by Sherpa Resource Holdings Ltd. (see Antler Press Release dated March 24, 2022 for details). The Onkoshi Gold Project is located approximately 140km northwest of Windhoek, was previously known by the Erindi and Vredelus Projects and has had a significant amount of historical work performed over it in the past. Table 1 contains previous drill holes reported in a NI 43-101 report completed in 2004 for Helio Capital Corporation (“Helio Technical Report”). Note that the results below are historic and have not been verified by Antler. Table 1: Summary of Rossing Uranium Ltd. best RC drill and diamond drill intersections calculated at a cut-off of 0.5 g/t Au.
