CSE New Listing - Golden Opportunity Resources Corp. Commences Trading on the Canadian Securities Exchange - Video News Alert on Investmentpitch.com

November 28, 2019 9:00 AM EST | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - November 28, 2019) - Golden Opportunity Resources Corp. (CSE: GOOP) is one of the latest new listings on the Canadian Securities Exchange. The company acquired a 51% interest in the Maple Bay Property for $5,000 and has an option to acquire the remaining 49% interest by paying $155,000, issuing 600,000 shares and completing $600,000 in exploration expenditures in stages over 4 years. A 3% NSR can be purchased for $1,750,000.

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The Maple Bay Property is located on the east side of the Portland Canal, 56 kilometers south of Stewart, British Columbia and 125 kilometers from Prince Rupert. The property, consisting of 1 claim, the Coastal Copper claim which totals 1395 hectares, is located along the mountainous eastern shore of the Portland Canal near Maple Bay.

The Outsider and Maple Bay Veins have been subject to considerable exploration work and minor production over the last century. A total of 125,966 tonnes grading 1.9 per cent copper were produced from the Outsider vein between 1906 and 1928.

The Eagle-May Queen vein is located about 1.3 kilometers northeast of Maple Bay on the east side of the Portland Canal.

Drilling in the 1920's established a moderate tonnage of copper ore for this deposit. Based on historic diamond drilling at the Eagle-May Queen vein in 1923, indicated reserves were estimated at 473,506 tonnes grading 1.7 per cent copper; and inferred reserves were estimated at 535,189 tonnes grading 1.4 per cent copper. Numerous untested geophysical anomalies are prime exploration targets in order to develop further tonnage. Of particular interest are four separate electromagnetic anomalies adjacent and on strike from the Outsider and Maple Bay crown granted claims.

Maple Bay is ideally suited for marine transport with good sheltered anchorage available on the shipping lane between Prince Rupert and Stewart, with previous operations establishing wharves for ore transhipment, as shown here in this picture from 1906.

A NI 43-101 Technical Report, available on Sedar, recommends an exploration budget of $105,000 for the first phase of exploration to focus on structural geological mapping and interpretation of the best exposed areas of veins on the Maple Bay Property, which are generally referred to as the Princess vein system.

The company recently closed its IPO, raising gross proceeds of $350,000 from the placement of 3.5 million shares priced at $0.10 per share, with Canaccord Genuity acting as agent.

For more information, please visit the company's website www.GoldenOpportunityResources.com, contact Keith Anderson, President and CEO, at 604-786-7774 or by email at kanderson7774@gmail.com.

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