|Carlin Gold Corporation
TSX VENTURE : CGD
February 26, 2016 15:20 ET
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 26, 2016) – Carlin Gold Corporation (the “Company”) (TSX VENTURE:CGD) announces it has today granted an aggregate of 5,500,000 incentive stock options to directors of the Company, entitling the grantees to purchase up to an aggregate of 5,500,000 common shares of the Company at an exercise price of $0.05 per share for a period of five years, subject to regulatory approval.
Carlin owns 100% of three properties in northern Nevada, all of which represent Carlin-type gold targets. Cortez Summit is centrally located in Eureka County on the Cortez Trend, in the middle of the most active gold exploration area in Nevada. The property consists of 142 unpatented claims located in the southern Cortez Mountains between the historic Buckhorn and Horse Canyon mines. Barrick’s Cortez Hills operation (11 million oz gold pre-production reserve/resource) lies 4 miles (6.4 km) west of the property, and Barrick’s new Goldrush discovery (15.5 million oz resource) approaches to within 1 mile (1.6 km) of the southeast portion of the property. The JDS property consists of 77 unpatented claims located in Eureka County, approximately 13 miles southeast of Cortez Summit. The Willow property consists of 89 unpatented claims located in northeast Nevada, northwest of the 2.6 million ounce Long Canyon gold discovery in the Pequop Mountains, owned by Newmont Mining Corporation.
“K. Wayne Livingstone”
K. Wayne Livingstone,
President and Chief Executive Officer
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