A2Gold Corp.(TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) announced it has entered into a binding letter of intent (LOI) to acquire a 100% interest in 26 lode mining claims (RT/JO Claims) from Lodestar Management Group LLC located within the Company’s Taylor Silver-Gold-Antimony Project (Taylor) in White Pine County, Nevada.
The RT/JO Claims consist of 12 RT claims, 13 JO claims, and 1 TKO claim, and are strategically located within the central portion of the Taylor land package (see Map). This acquisition consolidates a key portion of the district and eliminates internal land fragmentation, allowing A2Gold to advance Taylor as a unified, district-scale project.
The RT/JO Claims cover a highly prospective area of the Taylor district and are considered important for the continued expansion and understanding of the Project’s multi-metal system. These claims are prospective for silver resource expansion, gold mineralisation, antimony mineralisation and Carbonate Replacement Deposit (CRD) targets.
The acquisition strengthens A2Gold’s ability to systematically explore and develop Taylor without boundary constraints, while enhancing geological continuity across key target areas.
The RT/JO Claims represent a cost-effective consolidation of strategically important ground within the Taylor Project. By securing these inlier claims, A2Gold removes potential operational and development constraints while maintaining a modest royalty burden and strong economic flexibility.
The Taylor Project continues to demonstrate potential as a significant precious metals and critical minerals system, with silver, gold and antimony mineralisation occurring across a broad district-scale footprint.
“The acquisition of the RT/JO Claims represents an important consolidation of strategically located ground within the Taylor Project,” Peter Gianulis, CEO of A2Gold, commented. “These claims sit in a highly prospective portion of the district and are directly relevant to the continued expansion of our silver resource, as well as our broader gold and antimony exploration strategy.
“Importantly, this transaction removes internal land constraints and allows us to advance Taylor as a cohesive, district-scale system. With silver, gold and antimony mineralisation occurring across the project, we believe Taylor has the potential to emerge as a significant multi-metal system in Nevada.”
Under the terms of the LOI, A2Gold will acquire a 100% interest in the RT/JO Claims in consideration for US$225,000 in cash, payable at closing; and issuance of 316,377 A2Goldcommon shares.
The vendors will retain a 1.0% net smelter return (NSR) royalty on the RT/JO Claims. A2Gold retains the right to repurchase 0.5% of the NSR for US$500,000 at any time within three years of closing.
The transaction is subject to customary conditions, including the completion of satisfactory title due diligence, the transfer of historical technical data to the Company, the execution of a definitive asset purchase agreement, and the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
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