Masuparia Gold Corporation (TSX.V: MAS
" or the "Company
") - As a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.
By news release dated June 29, 2015 the Company announced a new resource estimate of its Greywacke North gold deposit. This estimate was not supported by a technical report in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Project. Since these mineral resources are not, contrary to NI 43-101, supported by a technical report, the estimates should not be relied on until they have been verified and supported by a technical report. An updated 43-101 technical report is underway and Masuparia expects it to be completed in 6 weeks.
The Company retracts its previous disclosure made in the June 29, 2015 news release and recent MD&A's where the Company stated that this resource update does not constitute a material change as defined under section 5.3.2 of the NI 43-101 Companion Policy and is therefore a voluntary disclosure.
On Behalf of the Board of Directors of
Masuparia Gold Corporation
Ronald K. Netolitzky
President & CEO
Caution Regarding Forward-Looking Information and Statements
that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, cost overruns, availability of capital and financing, general economic, market or business conditions.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
|Masuparia Gold Corp. Contacts: Ron Netolitzky, President & CEO or Tony Perri - Investor Relations at 604-685-8592 |
Suite 650, 1021 W. Hastings Street Vancouver, British Columbia, Canada V6E 0C3
Tel: 604-685-8592 Website: www.masupariagold.com Email: email@example.com