{"id":382818,"date":"2020-11-17T08:03:44","date_gmt":"2020-11-17T13:03:44","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382818"},"modified":"2020-11-17T08:03:44","modified_gmt":"2020-11-17T13:03:44","slug":"eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/","title":{"rendered":"Eclipse Further Expands Hercules Gold Project in Nevada&#8217;s Walker Lane Trend"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">Nov. 17, 2020<\/span> \/PRNewswire\/ &#8211;\u00a0Eclipse Gold Mining Corporation (&#8220;<b>Eclipse<\/b>&#8221; or the &#8220;<b>Company<\/b>&#8220;) (TSXV: EGLD) (USOTC: EGLPF) is pleased to announce that it, together with the Company&#8217;s wholly-owned subsidiary, Hercules Gold <span class=\"xn-location\">USA<\/span> LLC (&#8220;<b>Hercules<\/b>&#8220;), has entered into a binding purchase and sale agreement (the &#8220;<b>Purchase Agreement<\/b>&#8220;) with CP Holdings Corporation, a wholly owned subsidiary of Headwater Gold Inc. (the &#8220;<b>Sellers<\/b>&#8220;) to acquire a 100% interest in 83 unpatented lode mining claims situated internal and adjacent to Eclipse&#8217;s Hercules Project (the &#8220;<b>Mining Claims<\/b>&#8220;) as well as a historical dataset of 88 drillholes, 628 rock samples, 1578 soil samples and other geological data (the &#8220;<b>Dataset<\/b>&#8220;).\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>Subject to TSX Venture approval, Eclipse will acquire an undivided 100% interest in the Mining Claims and Dataset by:<\/p>\n<ul type=\"disc\">\n<li>Making a one-time payment of <span class=\"xn-money\">US$100,000<\/span><\/li>\n<li>Issuing 500,000 common shares of the Company to the Sellers <\/li>\n<li>Granting a net smelter royalty to the Seller that varies between 1.25% and 2.5% on the Mining Claims (the &#8220;NSR&#8221;)<\/li>\n<\/ul>\n<p>Eclipse has reserved the right to buy 50% of the NSR, and a right of first refusal on the remainder. <\/p>\n<p>\n        <b>About Eclipse Gold Mining<\/b>\n      <\/p>\n<p>Eclipse Gold Mining is exploring the district-scale Hercules gold property within <span class=\"xn-location\">Nevada&#8217;s<\/span><span class=\"xn-person\">Walker Lane<\/span> trend. The Hercules property is located only a one-hour drive from <span class=\"xn-location\">Reno<\/span> and appears to have all the characteristics of a large, low-sulphidation epithermal gold system. The Company brings together a team with a track record of nine successful buyouts\/exits totaling <span class=\"xn-money\">$4.6 billion<\/span>.<\/p>\n<p>\n        <b>ON BEHALF OF THE BOARD OF DIRECTORS<br \/><\/b><br \/>\n        <span class=\"xn-person\">Michael G. Allen<\/span><br \/>\n        <br \/>President, CEO and Director<\/p>\n<p>TSXV: EGLD | OTC:EGLPF | Frankfurt:43J | ISIN: CA27888R1001 | WKN: A2PYV4<\/p>\n<p>\n        <b>Cautionary statements<\/b>\n      <\/p>\n<p>Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA93560&amp;sd=2020-11-17\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend-301174397.html\">http:\/\/www.prnewswire.com\/news-releases\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend-301174397.html<\/a><\/p>\n<p>SOURCE  Eclipse Gold Mining Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA93560&amp;Transmission_Id=202011170800PR_NEWS_USPR_____VA93560&amp;DateId=20201117\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire VANCOUVER, BC, Nov. 17, 2020 \/PRNewswire\/ &#8211;\u00a0Eclipse Gold Mining Corporation (&#8220;Eclipse&#8221; or the &#8220;Company&#8220;) (TSXV: EGLD) (USOTC: EGLPF) is pleased to announce that it, together with the Company&#8217;s wholly-owned subsidiary, Hercules Gold USA LLC (&#8220;Hercules&#8220;), has entered into a binding purchase and sale agreement (the &#8220;Purchase Agreement&#8220;) with CP Holdings Corporation, a wholly owned subsidiary of Headwater Gold Inc. (the &#8220;Sellers&#8220;) to acquire a 100% interest in 83 unpatented lode mining claims situated internal and adjacent to Eclipse&#8217;s Hercules Project (the &#8220;Mining Claims&#8220;) as well as a historical dataset of 88 drillholes, 628 rock samples, 1578 soil samples and other geological data (the &#8220;Dataset&#8220;).\u00a0\u00a0\u00a0\u00a0 Subject to TSX Venture approval, Eclipse will acquire an undivided 100% interest in the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eclipse Further Expands Hercules Gold Project in Nevada&#8217;s Walker Lane Trend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382818","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eclipse Further Expands Hercules Gold Project in Nevada&#039;s Walker Lane Trend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eclipse Further Expands Hercules Gold Project in Nevada&#039;s Walker Lane Trend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, Nov. 17, 2020 \/PRNewswire\/ &#8211;\u00a0Eclipse Gold Mining Corporation (&#8220;Eclipse&#8221; or the &#8220;Company&#8220;) (TSXV: EGLD) (USOTC: EGLPF) is pleased to announce that it, together with the Company&#8217;s wholly-owned subsidiary, Hercules Gold USA LLC (&#8220;Hercules&#8220;), has entered into a binding purchase and sale agreement (the &#8220;Purchase Agreement&#8220;) with CP Holdings Corporation, a wholly owned subsidiary of Headwater Gold Inc. (the &#8220;Sellers&#8220;) to acquire a 100% interest in 83 unpatented lode mining claims situated internal and adjacent to Eclipse&#8217;s Hercules Project (the &#8220;Mining Claims&#8220;) as well as a historical dataset of 88 drillholes, 628 rock samples, 1578 soil samples and other geological data (the &#8220;Dataset&#8220;).\u00a0\u00a0\u00a0\u00a0 Subject to TSX Venture approval, Eclipse will acquire an undivided 100% interest in the &hellip; Continue reading &quot;Eclipse Further Expands Hercules Gold Project in Nevada&#8217;s Walker Lane Trend&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-17T13:03:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA93560&amp;sd=2020-11-17\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Eclipse Further Expands Hercules Gold Project in Nevada&#8217;s Walker Lane Trend\",\"datePublished\":\"2020-11-17T13:03:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\\\/\"},\"wordCount\":314,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=VA93560&amp;sd=2020-11-17\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\\\/\",\"name\":\"Eclipse Further Expands Hercules Gold Project in Nevada's Walker Lane Trend - 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(the &#8220;Sellers&#8220;) to acquire a 100% interest in 83 unpatented lode mining claims situated internal and adjacent to Eclipse&#8217;s Hercules Project (the &#8220;Mining Claims&#8220;) as well as a historical dataset of 88 drillholes, 628 rock samples, 1578 soil samples and other geological data (the &#8220;Dataset&#8220;).\u00a0\u00a0\u00a0\u00a0 Subject to TSX Venture approval, Eclipse will acquire an undivided 100% interest in the &hellip; Continue reading \"Eclipse Further Expands Hercules Gold Project in Nevada&#8217;s Walker Lane Trend\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-17T13:03:44+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA93560&amp;sd=2020-11-17","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Eclipse Further Expands Hercules Gold Project in Nevada&#8217;s Walker Lane Trend","datePublished":"2020-11-17T13:03:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/"},"wordCount":314,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA93560&amp;sd=2020-11-17","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/eclipse-further-expands-hercules-gold-project-in-nevadas-walker-lane-trend\/","name":"Eclipse Further Expands Hercules Gold Project in Nevada's Walker Lane Trend - 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