Breaking News: Antler Gold’s Erongo Gold Project Option Agreement – Pending TSX-V and Shareholder Approval

Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia
Antler Gold Corporation (TSX-V: AGLD.V) has recently announced that it has entered into an option agreement with a private Namibian company to acquire a 90% interest in the Erongo Gold Project located in Namibia. The agreement is subject to approval by the TSX Venture Exchange and Antler Gold’s shareholders.

The Erongo Gold Project comprises three exploration licenses covering approximately 500 square kilometers in the Erongo Region of Namibia. This region is known for its mineral-rich geology and favorable mining environment, making it a promising area for gold exploration and development.

Under the terms of the agreement, Antler Gold has the option to acquire a 90% interest in the project by making staged cash payments totaling $2.5 million over a four-year period, as well as issuing shares to the private Namibian company. Antler Gold must also commit to spending a minimum of $1 million on exploration activities on the project within the first two years.

The Erongo Gold Project has significant exploration potential, with previous drilling results indicating the presence of gold mineralization at multiple targets within the project area. Antler Gold plans to conduct further exploration activities, including additional drilling, to delineate and expand the known mineralized zones and identify new targets for future drilling.

In addition to its exploration potential, the Erongo Gold Project benefits from its strategic location in Namibia, a stable and mining-friendly jurisdiction in southern Africa. Namibia offers a well-established legal framework for mining activities, as well as a skilled workforce and modern infrastructure that support the development of mining projects.

Antler Gold’s management team brings a wealth of experience in mineral exploration and project development to the Erongo Gold Project. The company’s technical expertise, combined with its financial resources and commitment to responsible mining practices, position it well to advance the project and unlock its full value.

Overall, the option agreement for the Erongo Gold Project represents a significant opportunity for Antler Gold to expand its presence in Namibia and enhance its portfolio of gold projects. With a favorable geologic setting, exploration potential, and supportive mining environment, the Erongo Gold Project has the potential to become a cornerstone asset for the company as it advances towards its goal of discovering and developing world-class gold deposits.