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Guardian Exploration Completes Acquisition of Sundog Gold Project

Story Highlights
  • Guardian Exploration completed the acquisition of the Sundog Gold Project in Nunavut.
  • This acquisition strengthens Guardian’s mineral exploration portfolio and industry position.
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Guardian Exploration Completes Acquisition of Sundog Gold Project

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Guardian Exploration ( (TSE:GX) ) just unveiled an update.

Guardian Exploration Inc. has completed the acquisition of the Sundog Gold Project in Kivalliq, Nunavut, from New Break Resources Ltd. The acquisition includes mineral rights and exploration data for the 9,415-hectare property, along with 60 drums of JetA fuel. Guardian issued 5,000,000 common shares and made a cash payment of $75,000 to New Break, also assuming obligations under the Inuit Owned Lands Mineral Exploration Agreement. This acquisition enhances Guardian’s portfolio in mineral exploration, potentially strengthening its position in the industry.

More about Guardian Exploration

Guardian Exploration Inc. is a company listed on the TSX Venture Exchange, engaged in the business of oil, gas, and mineral exploration and development. The company has interests in the Mount Cameron Property in the Yukon’s Mayo Mining District and mineral claims on southern Dall Island, Southeast Alaska, USA, known as the Kaigani claims.

YTD Price Performance: 76.00%

Average Trading Volume: 35,464

Technical Sentiment Signal: Sell

Current Market Cap: C$9.16M

For detailed information about GX stock, go to TipRanks’ Stock Analysis page.

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