urnaby, British Columbia--(Newsfile Corp. - January 27, 2025) - Great Eagle Gold Corp. (CSE: GEGC) (OTC Pink: GEGCF) (FSE: GI8) ("Great Eagle" or the "Company") is pleased to announce that it has signed a Letter of Intent (LOI) with New Path Resources Inc. (the "Vendor") to acquire a 100% interest in a mining claims package that includes 3 patented claims containing NI 43-101 certified inferred gold resources (the "Tokenization Qualifying Titles"). The Tokenization Qualifying Titles meet the perpetual ownership and zero ongoing carrying cost requirements necessary for tokenization into NatGold Tokens under NatGold Digital Ltd.'s ("NatGold") patent-pending digital gold mining model.
The Tokenization Qualifying Titles contain a total of 240,100 ounces of NI 43-101 certified inferred gold resources. Under the NatGold digital mining model, one ounce of inferred gold resources converts into 0.20 (or 20%) of a NatGold Token. Upon tokenization by NatGold, this deposit would yield 48,020 NatGold Tokens. Of that total, Great Eagle would receive 40,817 NatGold Tokens-85% of the minted tokens-after accounting for NatGold's 10% tokenization fee and a 5% allocation to the NatGold Contingency Fund. see & read more on
https://www.newsfilecorp.com/release/238402/ |