VANCOUVER, BC / ACCESSWIRE / March 23, 2017 / Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC PINK: SEKZF) ("Secova" or the "Company") ("Secova" or the "Company") is very pleased to announce that is has increased its land position within the Windfall Lake district by acquiring 1107136 B.C. Ltd., a private B.C. Company which sole asset is 299 claims, or 16,500.55 hectares, for a purchase price of forty-thousand dollars and nine million shares of the Company.
The majority of the acquisition, 261 claims or 14,369.25 hectares, are adjacent to Secova's Eagle River project which is on a south-east trend to the Windfall Lake, Urban Barry and the Gladiator gold projects. This acquisition has increased the Eagle River Project by approximately 370% from its original size (as per the Company's November 29th, 2017 news release on the acquisition of the Eagle River project than totaling 4,354 hectares) and brings the Company's total contiguous land package to 19,778.7 hectares (356 claims). Please refer to the map below (also available online at www.secovametals.com/projects/eagleriver) which details the expansion and location of Secova's Eagle River properties in relation to the current developments in the region.
Secova Metals Eagle River Expansion in the Windfall Gold Camp, Quebec
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With this acquisition, the Company also acquired three other claim blocks totaling 38 claims (or 2,141.3 hectares) that are strategically located in the western region of the gold camp and are adjacent to Osisko Mining's Windfall Lake project and Metanor's Urban-Barry project.
"This acquisition provides Secova's shareholders with an opportunity to participate in the development of the Windfall Lake gold project and surrounding properties," stated Brad Kitchen, CEO & Chairman of Secova. "Management and Consultants are reviewing historic data and are in conversation with airborne and ground geophysics companies to develop an exploration plan that will rely on both new technology and management's intimate understanding of the development of the area."
The acquisition is subject to TSX Venture Exchange approval.
About Secova Metals Corp.
Secova Metals Corp. is a Canadian gold exploration company focused on building a strong asset base through exploration of undervalued gold projects in Canada. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova has the exclusive right and option to acquire from Tres-OR Resources Inc. ("Tres-Or"), an undivided 65% right, title and interest in the contiguous Duvay and Chenier Gold Projects. Secova can earn up to 90% of the property (an additional 25% ownership) by funding a pre-feasibility study after the initial exploration expenditures to bring the property towards production. The Company has a total contiguous land package of 174 claims covering over 7,766 hectares (17,458 acres) of land. The Duvay/Chenier project is in the Abitibi gold belt, one of Quebec's premier mining jurisdictions. The Company has plans to advance the development of Duvay/Chenier, Eagle River and Cobalt Bay projects as well as seek other avenues of growth through acquisition and mergers.
For more information on Secova Metals Corp. please contact Morgan Good, Secova's President, at [email protected] and Tel: +1 604-715-4751 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
"Brad Kitchen"
CEO, Director and Chairman
Tel: +1 604-506-7555
[email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
SOURCE: Secova Metals Corp.