(TheNewswire)
Toronto, Ontario – TheNewswire - December 7, 2021 - NewOrigin Gold Corp. (TSXV:NEWO) (OTC:TROIF) hasreceived a drill permit for its Sky Lake gold property on November 30,2021. Sky Lake is NewOrigins’s flagship gold property. The drillpermit is effective for a three year term and covers the historicKoval gold zone where NewOrigin has an earn-in with Barrick inaddition to west and east extensions on strike of Koval owned 100% byNewOrigin. Permit delays due to Covid 19 are being resolved asNorthern Ontario communities emerge from the pandemic. NewOriginremains actively engaged with local First Nation communities toestablish an “Early Exploration Agreement” at Sky Lake in order toresponsibly move forward with a drill program. The Company iscurrently drilling at its North Abitibi gold project and will awaitassay results before proceeding with a decision to resume explorationat Sky Lake.
“With drill permitting in place at Sky Lake,NewOrigin is contemplating a summer 2022 drill program designed totest the historic Koval zone, and for extensions along strike to theeast and west. With the lifting of Covid 19 restrictions, NewOrigin isnow able to engage in more meaningful discussions with local FirstNation communities at Sky Lake, in order to plan this proposedprogram.” commented David Farquharson, President of NewOrigin.
Sky Lake Gold Project
The 9,100 hectare Sky Lake Project is a 27 km longproperty on the south east end of the Pickle Lake gold district.NewOrigin Gold is initially targeting drilling in the historic Kovalzone and along strike to the east and west. The Koval Zone has notseen any drilling since the 1990s. Historical drill results from theKoval Zone include: 6.26 grams/tonne gold (“g/t Au”) over 22.7metres (“m”), including 8.78 g/t Au over 16.0 m within 100 m ofsurface. NewOrigin aims to prove up a Tier 1 gold deposit at Sky Lake.
About NewOrigin Gold Corp.
NewOrigin Gold Corp. (formerly Tri Origin ExplorationLtd.) is a Canadian gold exploration company focused on drilldiscovery on its North Abitibi and Sky Lake gold projects in theCanadian Shield. NewOrigin’s management and board have extensiveexperience in the delineation and development of gold deposits.Company shareholders include O3 Mining Inc. and Osisko Mining Inc.NewOrigin Gold trades on the TSX Venture Exchange under the ticker“NEWO”.
For Further Information Contact:
David Farquharson , President
M: 416-662-4183 or visit www.neworigingold.com
Cautionary Statement regardingForward Looking Statements:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. This News Release includes certain “forward-lookingstatements” which are not comprised of historical facts.Forward-looking statements include estimates and statements thatdescribe the Company’s future plans, objectives or goals, includingwords to the effect that the Company or management expects a stated condition or result to occur. Forward-lookingstatements may be identified by such terms as “believes”,“anticipates”, “expects”, “estimates”, “may”,“could”, “would”, “will”, or “plan”. Sinceforward-looking statements are based on assumptions and address futureevents and conditions, by their very nature they involve inherentrisks and uncertainties. Although these statements are based oninformation currently available to the Company, the Company providesno assurance that actual results will meet management’sexpectations. Risks, uncertainties and other factors involved withforward-looking information could cause actual events, results,performance, prospects and opportunities to differ materially fromthose expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is notlimited to, the intention to complete the foregoing, the Company’sobjectives, goals or future plans, statements, exploration results,potential mineralization, the estimation of mineral resources,exploration and mine development plans, timing of the commencement ofoperations and estimates of market conditions. Factors that couldcause actual results to differ materially from such forward-lookinginformation include, but are not limited to, the Company’s abilityto obtain all approvals required in connection with the foregoing, theCompany’s ability to predict or counteract potential impact ofCOVID-19 coronavirus on factors relevant to the Company’s businessfailure to identify mineral resources, failure to convert estimatedmineral resources to reserves, the inability to complete a feasibilitystudy which recommends a production decision, the preliminary natureof metallurgical test results, delays in obtaining or failures toobtain required governmental, environmental or other projectapprovals, political risks, inability to fulfill the duty toaccommodate First Nations and other indigenous peoples, uncertaintiesrelating to the availability and costs of financing needed in thefuture, changes in equity markets, inflation, changes in exchangerates, fluctuations in commodity prices, delays in the development ofprojects, capital and operating costs varying significantly fromestimates and the other risks involved in the mineral exploration anddevelopment industry, and those risks set out in the Company’spublic documents filed on SEDAR. Although the Company believes thatthe assumptions and factors used in preparing the forward-lookinginformation in this news release are reasonable, undue reliance shouldnot be placed on such information, which only applies as of the dateof this news release, and no assurance can be given that such eventswill occur in the disclosed time frames or at all. The Companydisclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information,future events or otherwise, other than as required by law.
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