ANCOUVER, BRITISH COLUMBIA - March 23, 2017 - Secova Metals Corp. ("Secova" or the "Company") (TSXV: SEK, Frankfurt: N4UN, USA: SEKZF) ("Secova" or the "Company") is very pleased to announce that is has increased its land position within the Windfall Lake district by acquiring 1107136 B.C. Ltd., a private B.C. Company which sole asset is 299 claims, or 16,500.55 hectares, for a purchase price of forty-thousand dollars and nine million shares of the Company.
The majority of the acquisition, 261 claims or 14,369.25 hectares, are adjacent to Secova’s Eagle River project which is on a south-east trend to the Windfall Lake, Urban Barry and the Gladiator gold projects. This acquisition has increased the Eagle River Project by approximately 370% from its original size (as per the Company’s November 29th, 2017 news release on the acquisition of the Eagle River project than totaling 4,354 hectares) and brings the Company’s total contiguous land package to 19,778.7 hectares (356 claims). Please refer to the map below which details the expansion and location of Secova’s Eagle River properties in relation to the current developments in the region.
With this acquisition, the Company also acquired three other claim blocks totaling 38 claims (or 2,141.3 hectares) that are strategically located in the western region of the gold camp and are adjacent to Osisko Mining’s Windfall Lake project and Metanor’s Urban-Barry project.
“This acquisition provides Secova’s shareholders with an opportunity to participate in the development of the Windfall Lake gold project and surrounding properties,” stated Brad Kitchen, CEO & Chairman of Secova. “Management and Consultants are reviewing historic data and are in conversation with airborne and ground geophysics companies to develop an exploration plan that will rely on both new technology and management’s intimate understanding of the development of the area.”
The acquisition is subject to TSX Venture Exchange approval.
About Secova Metals Corp.
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