Vancouver, British Columbia, December 29, 2020 –Angold Resources Ltd. (TSXV:AAU, FRA:13L1) (“Angold” or the “Company”) has received final approval from the TSX Venture Exchange (the “TSX-V”) and the Company's common shares will commence trading on the TSX-V on December 31, 2020, under the symbol AAU. This follows the successful closing of the amalgamation and reverse takeover of ZTR Acquisition Corp. by Federal Gold Corp. on December 21, 2020, and subsequent name-change to Angold Resources Ltd.
Angold’s CEO, Mr. Adrian Rothwell, stated: “We are thrilled to begin trading on the TSX-V and be alongside some of the world’s leading exploration resource companies. With funding completed, we will commence evaluation of data available for the Uchi Property and have begun mobilizing drills at Dorado to complete up to 5,000 m of drilling. We are looking forward to an exciting 2021.”
The Company’s Dorado Project comprises 14,770 ha of exploration and exploitation claims in the Maricunga Belt of Chile, approximately 135 km east of Copiapo with good access to infrastructure. Dorado is a gold bearing dioritic porphyry with a historic resource, and 9,333 m of historic confirmed drilling demonstrating gold in oxides and sulphides at depth and multiple targets for exploration.
For further information concerning the Company and its business, please see the filing statement dated December 18, 2020 supporting its application for listing on the TSX-V. A copy of the filing statement was filed under the company's profile on SEDAR.
Angold is an exploration and development company targeting large-scale mineral systems in the proven districts of the Maricunga, Nevada and Ontario. Angold owns a 100% interest in the Dorado, Cordillera and South Bay-Uchi projects, and certain claims that append the optioned Iron Butte project.
ON BEHALF OF THE BOARD OF ANGOLD RESOURCES LTD.
Chief Executive Officer
Further information on Angold can be found on the Company’s website at www.angoldresources.com and at www.sedar.com, or by contacting the Company by email at email@example.com or by telephone at (866) 852 8719.
Neither the 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.
Forward Looking Statements: This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance and includes expectations of the resumption of trading of the Company’s common shares on the Exchange. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the resumption of trading of the Company’s common shares on the Exchange. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release.