GURNEE, IL / ACCESSWIRE / March 1, 2022 / Brightrock Gold Corp. (OTC Markets:BRGC) announced today that it has entered into a definitive agreement with Red Beryl Mining Company, Inc. to obtain 100% ownership of the "Midnight Owl Mine", previously known as "The Lithium King Mine", located approximately 13 miles east of Wickenburg, Arizona.
Mr. Mac Shahsavar President of the Company is quoted in saying, "that the execution of this acquisition agreement allows for a completely new corporate vision and direction for Brightrock Gold Corp., while remaining in the mining and exploration industry, with the corporate goal of becoming a 100% domestically sourced and focused Lithium mining company."
The Midnight Owl Mine, Deposit 10027532 in the Mineral Resource Data System of the USGS is a 20.66 acre claim and past producer in Yavapai County, Arizona.
Past Production records with the USGS indicate high grade Lithium and Beryllium recovery from this site. According to the USGS, reserves are still present at this location and are expected to be deeper than the previously mined ore.
The consideration for this property is 30,000,000 restricted common shares and no cash consideration to be paid. Transfer of ownership of this property is expected to be completed and recorded under the Brightrock Gold corporate name within the next 90 days.
Historical References :
https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10027532
https://tucson.com/news/local/mine-tales-midnight-owl-mine-known-for-its-lithium-deposits/article_0fd23987-3763-55a6-b3da-af2bc9ac03a5.html
Contact:
BrightRock Gold Corporation
Phone 866-600-5444
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/BRGC/disclosure
SOURCE: BrightRock Gold Corp.
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https://www.accesswire.com/690898/Brightrock-Gold-Corp-Announces-Acquisition-Agreement-with-Red-Beryl-Mining-Company-Inc
