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Stock impact report

Silver Spruce drops Earn-in Option on Mystery Au Project, Newfoundland and Labrador [Yahoo! Finance]

New Found Gold Corp (NFGC) 
Company Research Source: Yahoo! Finance
The parties jointly agreed to terminate, effective March 24, 2025, the Option and Purchase Agreement announced September 14, 2021, and amended on February 8, 2023, October 23, 2023, and December 11, 2023. "We believe that our grassroots exploration programs had only scratched the surface for this property and that there are geological and geochemical targets which warrant further work. However, given the current junior market conditions, the Company has decided to return the property to the Vendors," said Greg Davison, Silver Spruce VP Exploration and Director. Project Background The Company signed a Definitive Agreement in September 2021 to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, located near Grand Falls, Newfoundland and Labrador, Canada, 20-25 kilometres west of New Found Gold Corp.'s Queensway project and 15-35 kilometres south of Sokoman Minerals Corp.'s Moosehead gold project. Staking effectively doubled property coverage Show less Read more
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