Company: Generation Gold Corp
Stock Symbol: TSXV:GEN
Date Published: Dec 28, 2022
Transcript: Available

Video Transcript:

Generation Gold Corp (TSXV:GEN) is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “GEN”, following its qualifying transaction with Capital Pool Company Jessy Ventures.

Generation Gold has an option to acquire, from Origen Resources, an undivided 60% in the Arlington Property, located in the Arrow Boundary District of south-central British Columbia, 17 kilometers north of the community of Beaverdell and 67 kilometers south of the City of Kelowna.

To exercise its option, Generation Gold must
• Make cash payments of $175,000
• Issue 1,800,000 shares, and
• Incur $750,000 in exploration expenses,
over a three-year period, with Origen retaining a 1.5% NSR on the property.

The property is just north of the historic Beaverdell Mining camp and the past producing Carmi mine.

The Beaverdell Mine was the longest producing mine in the area, operating almost continuously
between 1913 and 1991.

According to Minfile records, during this period 1,198,829 tonnes of ore were mined from which
1,076,005,759 grams of silver, 520,197 grams of gold, 11,598,238 kilograms of lead and
13,900,078 kilograms of zinc were recovered.

Management cautions that historical production and the information is not necessarily indicative of the mineralization on the Arlington property.

The 1,572-hectare property covers geologically prospective ground and hosts 13 Minfile Occurrences associated with structurally controlled Polymetallic Ag-Cu-Pb-Zn +/-Au veins.

There is excellent road access to the property with Highway 33 crossing the property.

Historical exploration work in the area of the Arlington property is limited in scope.

In 2017 previous operators collected 657 B horizon soil samples, 44 rock samples and surveyed 26.4-line kilometers of ground magnetic and VLF-EM data.

In the southern grid, copper and silver soil geochemical results show east–west to northeast-southwest linear trends which closely approximate the structural trends identified by the VLF-EM survey suggesting the VLF-EM structures may be the host to sulphide enrichment.

A 2018 soil sampling program expanded the area of anomalous copper and silver soil results through the sampled area between the two grids.

A magnetometer survey was completed in September 2021 over the Fresh Pots claim.

The magnetic data is dominated by a narrow high magnetic lineation which extends for approximately one kilometer in length.

To the south of China Creek, the high magnetic amplitude linear reforms as a northeasterly elongated ellipsoid body 250m in length.

It is unclear whether the two magnetic anomalies on either side of the creek reflects a continuous body.

According to the recent filing statement, the company has a recommended budget of $230,000 for a field program.

The shares are currently $0.04 bid, with no shares offered and no trades.

For more information, please refer to the Sedar filings or contact Anthony Zelen, CEO and Director, at 778-388-5258 or email AnthonyZelen88@gmail.com.