Stevens Gold Announces 2 Old: 1 New Share Consolidation
Vancouver, B.C. December 15, 2021 – STEVENS GOLD NEVADA INC. (CSE: SG) (the “Company” or “Stevens Gold”) announces its common shares (“Shares”) will consolidate, effective December 20, 2021, on a 2 old for 1 new basis (the “Consolidation”). The record date for the Consolidation is December 21, 2021. There is no change in the trading symbol for Stevens Gold. Any fractional Shares arising upon the Consolidation fractional shares will be rounded up/down to the nearest whole number. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted accordingly. Letters of transmittal describing the process by which shareholders may obtain new certificate representing their consolidated Shares will be mailed shortly to registered shareholders. Shareholders holding their Shares through a broker or other intermediary and consequently not having Shares registered in their name will not be required to complete a letter of transmittal. Following the consolidation and subject to rounding, the Company will have approximately 21,918,727 Shares outstanding and 5,870,878 Shares reserved for issuance. About Stevens Gold Nevada Inc.: Stevens Gold Nevada Inc. is a mineral exploration company. Its primary business objective is to explore mineral properties. ON BEHALF OF STEVENS GOLD NEVADA INC. “Charles MaLette” CEO, President, Director & Secretary T: 604-428-5171 E: info@stevensgold.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Stevens Gold. Forward-looking information is based on certain key expectations and assumptions made by the management of Stevens Gold. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the Company’s common shares will consolidate effective December 20, 2021 (b) the record date for the Consolidation will be December 21, 2021 (c) Letters of transmittal will be mailed to the shareholders and (d) the Company will have approximately 21,918,727 Shares issued and outstanding and 5,870,878 Shares reserved for issuance following the Consolidation. Although Stevens Gold believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Stevens Gold can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Stevens Gold Releases Surface Rock Sample Assay Results From Proposed Acquisition Projects
VANCOUVER, B.C. December 13, 2021 – STEVENS GOLD NEVADA INC. (CSE:SG, OTCQB:STVGF, FSE:311) (the “Company” or “Stevens Gold”), is pleased to announce assay results and additional information from the project areas making up the proposed acquisition from Fiddlehead Mining Corp. (“FMC”) of certain mineral property interests (see Stevens Gold News Release dated November 29, 2021) in the Nine Mile Brook and Canoe Landing Lake West Project Areas (Figure 1). The Project areas cover approximately 3,800 sq. kms in the province of New Brunswick, Canada, located in the east central portion of the Bathurst Mining Camp (“BMC”), one of Canada’s most prolific base metal mining camps. Known for its volcanogenic massive sulphide (VMS) deposits, including the giant Brunswick #12 mine, the BMC is host to 45 deposits and close to 100 significant VMS occurrences including the Willett VMS Lens (Figure 2), which is partially exposed at Nine Mile Brook. The deposits are associated with felsic volcanism, represented on both properties by the California Lake Group, the rocks of which host 13 of the 45 known deposits including the producing Caribou Mine operated by Trevali Mining Corporation. The Nine Mile Brook Project consists of 93 claim units (2,046 hectares) and covers the exposed Willett VMS Lens, a high-grade Cu, Pb, Zn massive sulphide lens located approximately 10.5 kilometers southwest of the Brunswick # 12 mine, a 335 MT orebody which produced for more than 50 years. The observed mineralization is well banded and massive in character, typical of the mineralization found in the BMC. Assays from select grab samples collected under the supervision of FMC from the Willett VMS Lens were submitted by FMC to Bureau Veritas Labs based in Timmins, Ontario, are shown in Tables 1 and 2. The Canoe Landing Lake West Project is located approximately 8 kilometers west of Nine Mile Brook and consists of 24 claim units covering 528 hectares. The property also covers a large portion of the California Lake Group volcanics and lies proximal to 10 VMS / Ag occurrences including the 22.8 MT Canoe Landing Lake deposit, hosted in the California Lake Group, 2 kilometers southeast. The proposed acquisition has been unanimously approved by the Board of Directors of each of Stevens Gold and FMC. The completion of the proposed acquisition is subject to certain customary closing conditions for transactions of this nature. The proposed acquisition does not require the approval of the shareholders of Stevens Gold. Table 1: Group I Grab Sample Results*, Nine Mile Brook Sample # Cu Pb Zn Au Ag Ag % % % g/t g/t oz/t **calculated 209M0300 1.522 16.43 11.92 2.31 234 7.52 209M0301 0.657 12.29 >20.00* 2.28 288 9.26 209M0302 0.992 8.36 >20.00* 2.50 225 7.23 209M0303 0.195 >20.00* 15.51 3.63 459 14.76 209M0304 0.875 13.03 >20.00* 1.76 139 4.47 209M0305 0.318 >20.00* 14.72 3.01 785 25.24 209M0306 1.429 >20.00* 19.73 3.67 217 6.98 209M0307 8.902 8 10.83 1.78 328 10.55 * Upper Assay Limit The Silver results ranged from 4.47 oz to a prolific 25.24 oz/ton. The Gold results were 1.76 – 3.67 g/t with 6 samples reporting > 2.31 oz. Recent sampling also included rocks from the main VMS exposure and from adjacent boulders, the samples consisting of well banded VMS with varying <1 to 1 inch + bands of visible copper, lead and zinc mineralization. Samples 20NM0200 and 20NM0201 were split in half prior submission to check on the homogeneity of the respective samples. In this sample set, the samples were either primarily high-grade copper with lead and zinc or high-grade lead-zinc with less copper. There are very good gold values ranging between 1.089 and 3.764 g/t Au, while the silver was more consistent than the results above, the results in Table 2, all over 2 oz per ton. Table 2: Group II Grab Sample Results*, Nine Mile Brook Sample # Cu Pb Zn Au Ag Ag % % % g/t g/t oz/t 20NM0200A 12.402 0.4 0.04 1.179 73 2.35 20NM0200B 11.209 0.32 0.04 1.089 67 2.15 20NM0201A 2.803 17.37 17.63 2.542 66 2.12 20NM0201B 3.385 17.12 15.42 2.938 85 2.73 20NM0202 2.625 5.81 16.08 3.298 72 2.31 20NM0203 2.108 17.9 9.08 3.764 98 3.15 20NM0204 14.142 1.63 1.65 2.377 66 2.12 20NM0205 4.238 5.52 17.66 2.969 70 2.25 Both sample sets (Tables 1 & 2) demonstrate the high-grade base metal potential at the Nine Mile Brook VMS Project. *The reader is cautioned that these grab samples characterize the higher – grade mineralization. Not all samples should be considered representative of the mineralized zones hosted within the projects, documented in part by these samples. For more information on the Nine Mile Brook and Canoe Landing Lake West projects, please see the Technical Report titled Nine Mile Brook and Canoe Landing Lake West Projects Bathurst Mining Camp, New Brunswick, Canada, dated October 6, 2021, filed on SEDAR for more information. “The base and precious metal values encountered in this last round of sampling are outstanding in both grade and consistency. The assay results demonstrate the variability within the VMS sequence at Nine Mile Brook Project, highlighted by discreet, higher-grade sections of both base and precious metals,” stated Gary Lohman, COO, FMC. Figure 1: Regional Location Figure 2: Sample Location, Willett Occurrence Fiddlehead Mining Corp. is a private Canadian junior exploration company focused on VMS exploration opportunities in the famous Bathurst Mining Camp in Bathurst, New Brunswick, Canada The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and review and approved by Gary Lohman, B.Sc., P. Geo. who acts as Stevens Gold’s Qualified Person and as the COO of Fiddlehead Mining Corp., and is not independent of Stevens Gold. ON BEHALF OF STEVENS GOLD NEVADA INC. “Charles MaLette” CEO, President, Director & Secretary T: 604-428-5171 E: info@stevensgold.com The opinions, estimates, and/or projections contained herein are those of Fiddlehead Mining Corp. (FMC) as of the date thereof and are subject to change without notice. FMC makes every
Stevens Gold Announces to Acquire Mineral Properties and Option in New Brunswick
Vancouver, B.C. November 29, 2021 – STEVENS GOLD NEVADA INC. (CSE: SG) (the “Company” or “Stevens Gold”) is pleased to announce that, on November 28, 2021, the Company entered into a purchase and sale agreement with Fiddlehead Mining Corporation (“FMC”) to acquire 100% of the mineral claims known as Canoe Landing Lake West (“Canoe”), 50% of the mineral claims known as Nine Mile Brook (“Nine Mile”) and a Mineral Property Option to acquire the remaining 50% of the Nine Mile mineral claims (the “Nine Mile Option”)(the “Transaction.”) Canoe and Nine Mile (the “Properties”) are located in northeastern New Brunswick. The properties are subject to 3% net smelter royalties, as further described in the purchase and sale agreement. Consideration for the mineral property assets will be as follows: (i) $25,000; and, (ii) 21,000,000 post-Consolidation common shares of the Company (the “Shares.”) Prior to completion of the Transaction, the Company has agreed to complete a 2 old : 1 new share consolidation. Following completion of the Transaction, the company expects to have 42,918,728 shares issued and outstanding. The Shares will be subject to a four month and a day hold period and any other resale restrictions required by any applicable stock exchange policy or securities law. Approximately 20,000,000 of the Shares are expected to be held under lock up agreements with the Company, causing the Shares under lock up to be locked up and released as follows: (i) 10% on the date that is four (4) months following the Closing Date (the “First Release Date”); (ii) 15% on the date that is three (3) months following the First Release Date; (iii) 15% on the date that is six (6) months following the First Release Date; (iv) 15% on the date that is nine (9) months following the First Release Date; (v) 15% on the date that is twelve (12) months following the First Release Date; (vi) 15% on the date that is fifteen (15) months following the First Release Date; (vii) the remainder on the date that is eighteen (18) months following the First Release Date. The Company also agrees to the following in the purchase and sale agreement: appoint Patrick Cruickshank, CEO of FMC, to its board of directors and engage Mr. Cruickshank as a consultant for a period of 24 months at a salary of at least $6,000 per month; engage a specified individual as a consultant for a period of 24 months at a salary of at least $3,500 per month for PGeo services. establish a Technical Advisory Committee and invite specified individuals to join. reimburse FMC $15,000 for the 43-101 Technical Report. 630,000 common shares of the Company will be paid to Canaccord Genuity as a Finder’s Fee upon completion of the Transaction. Nine Mile Mineral Property Option The Company will acquire the Nine Mile Option in the Transaction. This will entitle the Company to obtain the remaining 50% ownership in Nine Mile from FMC. To exercise the Option, the Company must pay to FMC an aggregate of $3,000,000 prior to the fourth anniversary of the Effective Date and incur an aggregate of $1,000,000 of Expenditures on the Property over three years, with at least $500,000 of the Expenditures being in the first twelve months of the Option and a minimum of $150,000 per year spent on Expenditures after the first twelve months of the Option. The first payment toward the $3,000,000 will be $25,000 on the Effective Dat. Subsequently, $50,000 will be payable on each anniversary of the effective date of the Nine Mile Option. Despite the schedule noted above, the Company can exercise the Option at any time during the four year term by paying FMC $3,000,000, less the payments already made as long as the Company is not in breach of the Option at that time. The Transaction does not represent a change of business. There will be one new director and no change of officers of the Company required by the Transaction. The Transaction is at arm’s length. The agreement of purchase and sale sets out the terms and conditions and other details for the completion of the Transaction. A copy of the agreement of purchase and sale, including the Option Agreement, is filed along with the Company’s public disclosure on www.sedar.com. About Stevens Gold Nevada Inc.: Stevens Gold Nevada Inc. is a mineral exploration company. Its primary business objective is to explore mineral properties. ON BEHALF OF STEVENS GOLD NEVADA INC. “Charles MaLette” CEO, President, Director & Secretary T: 604-428-5171 E: info@stevensgold.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Stevens Gold. Forward-looking information is based on certain key expectations and assumptions made by the management of Stevens Gold. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the transactions contemplated by the purchase and sale agreement will be completed and (b) the Company will incur the expenditures and cash payments required to maintain the Nine Mile Option. Although Stevens Gold believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Stevens Gold can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.