Golden Valley Mines - Prospect Generator

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Snapshot:

• owns 5,605,246 shares of Abitibi Royalties (TSXV:RZZ)
  
• owns royalties on parts of the Canadian Malartic Mine, including a 3% NSR on Odyssey North
  
• Agnico Eagle Mines and Yamana Gold have an exploration budget of $8 million for 2016
  
• Resource on Odyssey expected by year-end
  
• owns 4,148,374 shares of Sirios Resources Inc. (TSXV:SOI)
  
• 2.5 –4% NSR on the Cheechoo Prospect
  
• Active Joint Ventures -Lac Barry with BonTerra (TSXV:BTR)
• Property Portfolio: ~75 Properties in the AGB (Abitibi Greenstone Belt)
  

-Share Ownerships

-49.4% of RZZ

-4.1% of SOI (Sirios Resources^*1)

-60% of KZZ

-37% of VZZ.H

^*1Goldcorp recently additional shares of SOI and now owns 14% of SOI / 19.9% (partially diluted basis)

• Recent drilling at CheechooProspect intersected 12.08 g/t Au over 20.3 metres*
  

• RZZ also has 2% NSR in portions of the Gouldie Zone and Charlie Zone
  

 

 

The information that follows has been prepared by program operator Sirios Resources Inc. (TSX venture: SOI) and has not been independently verified by Golden Valley:

“Besides partial results already published, new results of the twenty-six holes undertaken include grades of 37.2 g/t Au over 4.1 metres including 102 g/t Au over 1.4 metres in drill hole #35; 31.8 g/t Au over 6 metres, including 124.0 g/t Au over 1.5 metres in drill hole #41; 6.0 g/t Au over 7.4 metres in drill hole #54; and 13.0 g/t Au over 2.7 metres, 29,1 g/t Au over 1,2 metres and 29.3 g/t Au over 1 metre in drill hole #53. Gold grades were also confirmed in drill holes where visible gold was observed (press release March 7, 2016) in the new sector located at more than 1.5 km from the main drilled sector, yielding up to 5.5 g/t Au over 1 metre and 5.3 g/t Au over 1.1 metres in drill hole #47 and up to 10.7 g/t Au over 1 metre in #48.

Golden Valley hält 4,1% an Sirios Resources!

 

Significant equity holdings in four other public companies:

-49.4% of Abitibi Royalties Inc. (TSXV:RZZ)

-Canadian Malarticevaluating a number of near pit/underground targets at the mine and further defining the extent of the mineralization at the Odyssey zone; $8 million exploration program planned for 2016

-60% of Nunavik Nickel Mines Ltd. (TSXV: KZZ)

--new President & CEO

-37% of Uranium Valley Mines Ltd. (TSXV:VZZ.H) (Rob McEwen holds 36%)

-Transferred to NEX, evaluating new opportunities

-4.1% (4,148,374 shares) of SiriosResources Inc. (TSXV:SOI)

-CheechooProspect –2.5 –4% NSR

-SOI recently completed 10 drill holes in an on going drill program that started mid-January; recent drilling intersects 12.08 g/t Au over 20.3 metres**

 

 

 

Golden Valley hält 4,1% an Sirios Resources!

Drill hole #93 intersected three zones, two zones within an interval of 149,6 m at 1,1 g/t Au :

4.5 m at 11.3 g/t Au, including 1.5 m at 32 g/t Au within 22.2 metres at 2.8 g/t Au,
6 m at 7.2 g/t Au, including 1 m at 33.6 g/t Au, within 14.7 m at 3.5 g/t Au,
5 m at 4.0 g/t Au, including 1m at 16.3 g/t Au.
Drill hole #92 intersected two zones:

6.9 m at 3.9 g/t Au, including 1 m at 14.5 g/t Au,
23.5 m at 1.1 g/t Au, including 8 m at 2.2 g/t Au.
Drill hole #91 intersected:

a zone of 4.4 m at 4.6 g/t Au, including 1 m at 19.2 g/t Au.