Goldbug Map

Overview

The Gold Bug property is situated approximately three miles from the Hai property and comprises nine lode claims. The claims cover an area of extensive eluvial gold placer workings in an area which is believed to be favourable for the occurrence of large tonnage, low-grade gold mineralization similar to the style of gold mineralization at Beartrack and other gold deposits in the region. The eluvial placer gold deposits occur on the slopes of gentle terrain and it is believed that the source of the gold is in close proximity to the placer workings.

On June 30, 2017, Otis Capital USA Corp. (a wholly owned subsidiary of Otis) has sold the Hai and Goldbug projects to Revival Gold Inc. Otis will be issued 2,750,000 common shares of Revival at a deemed price of $0.25 per share, for total deemed consideration of CDN$687,500.