M&A / Property
Golden Age options Black Hawk, acquires Thompson claims

GDN · Price
Executive Summary
- Golden Age Exploration entered an option agreement to acquire 100% of the Black Hawk gold project (330 ha) and simultaneously purchased a 100% interest in the adjacent 4,300‑ha Thompson claims for $26,000.
- The option may be exercised within four years by paying cash, issuing common shares, and incurring exploration expenditures; a 1.5% NSR royalty is granted (potentially reduced to 1.0% upon a $1 M payment).
- The company also disclosed an update on its early‑stage Magic property, outlining refined 2026 exploration plans (soil/rock sampling, trenching) and ongoing engagement with the Nazko First Nation.
Key Details
- Option Agreement – Black Hawk Project
- Up to 100% interest can be acquired by Golden Age prior to the fourth anniversary of the agreement.
- Consideration may include cash payments, issuance of common shares, and funded exploration expenditures (specific schedule not disclosed).
- A net smelter return royalty of 1.5 % is granted to the optionees; can be reduced to 1.0 % if Golden Age pays $1 M to the optionees.
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Milestone payment: $0.25 per gold‑equivalent ounce reported in a compliant technical report showing ≥ 1 million oz Au‑eq resources.
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Purchase Agreement – Thompson Claims
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Acquired an undivided 100% interest in the 4,300‑ha Thompson claims for $26,000 cash consideration.
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Magic Property (Nazko District)
- Early‑stage prospect covering four tenures totalling 1,294 ha, located ~75 km SW of Quesnel, BC.
- Option to acquire up to 80 % undivided interest; thereafter the arrangement becomes a joint venture.
- 2025 summer exploration delayed by permitting issues; company refined its Phase 1 MMI soil geochemical and rock sampling program for execution in spring/summer 2026.
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Planned trenching to delineate near‑surface mineralization, map structures controlling Au/Ag distribution, and generate assay‑ready samples.
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Community Relations
- Ongoing collaborative discussions with the Nazko First Nation; recent initial meeting held with Nazko Economic Development Corp. representatives.
Notable Quotes
(No direct CEO/President quotes were provided in the release.)
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Apr 29, 2026 · 11:20