Gold Runner Options Golden Girl Property in British Columbia's Prolific Golden Triangle from B-All Syndicate
Executive Summary
- Gold Runner Exploration entered into a definitive Option Agreement to acquire 100% of the Golden Girl Property from B‑ALL Syndicate Ltd.
- The agreement requires an initial non‑refundable cash deposit of $250,000 and the issuance of 1,830,000 common shares plus 1,830,000 share purchase warrants, with additional cash payments and equity issuances tied to annual anniversaries and exploration spend milestones through 2029.
- Exploration results disclosed for the property include multiple grab and channel samples with high‑grade gold‑silver‑copper‑lead‑zinc assays (e.g., up to 11.28 g/t Au, 3,262 g/t Ag) and a large 12 km × 7 km gold‑silver system, supporting the material nature of the acquisition.
Key Details
- Initial Consideration:
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$250,000 non‑refundable cash deposit (Escrow Funds) payable by September 2 2026, or retained as a break fee if regulatory approvals are not obtained.
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Equity & Warrant Issuance at Closing:
- 1,830,000 common shares of Gold Runner issued to B‑ALL at the closing price on the date of execution.
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1,830,000 share purchase warrants (exercisable within 5 years) with an exercise price equal to the closing price on the day prior to issuance plus $0.01 per warrant.
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Milestone Payments & Additional Issuances:
- Annual Cash Payments: $250,000 cash payable on each of the first through sixth anniversaries of regulatory approval.
- Annual Equity/Warrant Packages: On each anniversary, issue 1,830,000 common shares and 1,830,000 warrants (same terms as above).
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Seventh Anniversary: Issue 4,000,000 common shares plus 4,000,000 warrants under the same pricing mechanics.
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Exploration Expenditure Requirements:
- Minimum $1.5 M before October 1 2027.
- Minimum $3 M total before October 1 2029.
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Minimum $10 M total before the seventh anniversary of regulatory approval, with a NI 43‑101 technical report filed on SEDAR+ and a resource estimate delivered.
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Royalty & Bonus Structure:
- Upon exercise, a royalty of 4% (reducible to 3% by paying USD $2 M within 24 months) is reserved for the Syndicate.
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Additional cash bonus of USD $3 per ounce of gold‑equivalent contained in the initial resource may be payable after NI 43‑101 report delivery.
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Property Highlights:
- Golden Girl Property: 8,471 ha located ~17 km from historic Snip Mine and ~14 km from Bronson Air Strip; infrastructure includes year‑round helicopter access and proximity to power line/airstrip.
- Exploration (2024) identified a 12 km × 7 km gold‑silver system with high‑grade intercepts: grab samples up to 11.28 g/t Au, 3,262 g/t Ag; channel cuts up to 3.74 g/t Au, 2,105 g/t Ag.
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47 samples exceeded 1 g/t AuEq (see detailed assay table).
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Future Work:
- Planned additional prospecting, sampling, mapping, and geophysical surveys ahead of an inaugural drill program targeting identified high‑grade zones.
- Project qualifies for the Critical Mineral Exploration Tax Credit (CMETC).
Notable Quotes
“We are excited to begin exploration on the Golden Girl property… unlocking the full potential of this brand new discovery and bring long term value to our shareholders.” – Chris Wensley, CEO, Gold Runner Exploration
“We are thrilled to have acquired the Golden Girl Option… confirming a significant discovery.” – Chris Wensley, CEO, Gold Runner Exploration