February 28, 2017 – Vancouver, British Columbia. Blackrock Gold Corp. (the “Company”) announces that it has filed its audited financial statements for the year ended October 31, 2016. In connection with its audit, the Company became aware that subsequent to the Company’s financial year end, the owners of the Medicine Springs property had terminated their lease agreement with Golden Tiger Minerals Inc. (“Golden Tiger”). As a result, the Company has written off all costs ($179,001) related to this project, which costs were incurred pursuant to the terms of an option and joint venture agreement dated as of June 1, 2016 between Golden Tiger and the Company. For further details, see the Company’s audited financial statements and Management Discussion and Analysis for the year ended October 31, 2016.
The Company continues to identify and evaluate projects which may be meet the Company’s objectives of acquiring low cost, high value near term to production gold and gold/silver projects.
For further information, please contact:
Michael E. O’Connor, CEO
Blackrock Gold Corp.