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Gold Plus Mining Inc. (GPMNF)

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    • GlobeNewswire

      Gold Plus Mining Discovers Extensive Mineralization on Its Pluto Properties Contiguous to Kenorland Minerals in Quebec

      VANCOUVER, British Columbia, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Gold Plus Mining Inc. (“Gold Plus” or the “Company”) (CSE :GPMI) (OTC: GPMNF) (FSE: 1I3) is pleased to announce it has made extensive mineralization discoveries on the West and East blocks of its 100% owned Pluto Properties in the prolific Abitibi Greenstone Belt of Quebec.These mineralized discoveries resulted from a recently completed sampling program (see Company news dated October 1st 2020) that identified new areas with exposed outcrops from forestry clear cutting and new logging roads that allowed Minroc field crews access to previously unexplored areas. Both West and East claim blocks were proven to host portions of mineralized regional structures that have now been extensively sampled.Gold Plus considers these discoveries to be of significant interest and have sent samples to ALS Canada Ltd. for assaying. Sample results will be reported shortly once assay results are received back by the Company.Discoveries on the West Block include a band of sheared and strongly chlorite and carbonate altered gabbro containing numerous pyritic zones and qz-ankerite veining within a logged area, with the most intense sulfide-mineralization in this unit occurring with very fine to coarse disseminations of pyrite, chalcopyrite and coarse sphalerite, and possibly even arsenopyrite. The most strongly mineralized sample taken contains 10-15% sulfide (pyrite + sphalerite) within the sheared gabbro (sample 19583). This band of shearing/deformation has an apparent thickness, as measured in the field, of about 30meters, although the strongest and most intense alteration and mineralization is contained within a 3-5m band and is in the approximate center of the zone. may represent part of the “Ventures Sill”. This is the same structure which hosts the Opémiska Cu-Au mine in Chapais and may also therefore be related to the much closer Dolomieu Ag-Cu mineralized occurrence, which lies about 1km east of the West Block. This area, with its large amount of outcrop, observed mineralization (including both Cu and Zn sulphides) and potential structural and strike relationship to a major local deposit, should be seen as a high priority for future exploration.Discoveries on the East block include the presence of sphalerite amongst other sulphides in the southwest part of the East Block, this may suggest an environment favorable for volcanogenic massive sulphide (VMS) mineralization. This may be corroborated by findings from historic drilling in this approximate stratigraphic level, in the area between the two Pluto claim blocks. In addition to this, the East block hosts a corridor of veining prospective for the presence of gold, running east-west and consisting of several generations, or phases, of veining. The thickness of the quartz-chlorite to quartz-ankerite veining is approximately 10 meters but that is a very early approximation based on field observations. These features are approximately on strike of, and may be related to, the chloritic shear structure which hosts gold mineralization at the Lac Cavan gold occurrence, about 1km east of the property. The possible presence of lenses or sills of quartz feldspar porphyry may also be a favorable sign for gold mineralization; orogenic gold occurrences frequently have a close spatial relationship to both deformation zones and porphyry bodies.Both of the Pluto properties are made up of a series of crustal scale deformation zones and highly prospective sedimentary-volcanic rock contacts. The properties are located approximately 40km west of the Chibougamau mining camp and 10km west of the Chapais mining camp (6.5 M oz Au; 2.7 B lbs Cu of historic production). The Chibougamau camp has historically been mined and explored for Cu-Au mineralization but the recent discovery of the Nelligan deposit (IAMGOLD – Vanstar Resources) highlights the regional potential for orogenic gold mineralization which has been overlooked in the past.A Media Snippet accompanying this announcement is available by clicking on the image or link below:Gold Plus intends to leverage recent and historic work, both on the property and adjacent to the property, to identify high priority targets for a potential drill program.Data sources available for the targeting program include geophysics, geochemical surveys and drill data. Collectively these demonstrate local mineralized trends, which may carry onto Pluto ground, including in previously unexplored areas, as well as mineralization present on the properties which requires follow up work. Management cautions that past results or discoveries on properties in proximity to Gold Plus may not be indicative to mineralization on the Company’s properties.About the Pluto Properties - Chapais-Chibougamau Mining Camp, Quebec The Pluto properties are located west of the town of Chibougamau, Quebec, which provides excellent infrastructure and an experienced local workforce for exploration and mining activities. The Pluto Properties have been under-explored for base and precious metals and historic assay results returned Cu-Zn-Au-Ag values. Some historic diamond drill holes returned visible sulfide mineralization and VMS showings (Dolomieu-Sud). Recent exploration work completed at Pluto resulted in anomalous gold and base metals values in till samples and three distinct anomalous zones were outlined.The technical information in this press release has been reviewed and approved by Brian H. Newton P.Geo, a “qualified person” pursuant to NI 43-101.About Gold Plus Mining Inc. Gold Plus Mining is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. Our growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Golden Triangle” of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.Make sure to follow the company on twitter, Instagram and facebook as well as subscribe for company updates at www.goldplusmining.com ON BEHALF OF THE BOARD___Spencer Smyl___           CEO & DirectorFor more information on Gold Plus Mining, please contact:Mr. Spencer Smyl – CEO & Director Phone: 604-785-4229 E-mail: spencer@goldplusmining.com Corporate e-mail: info@goldplusmining.com Website: www.goldplusmining.com Corporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.Not for distribution to U.S. Newswire Services or for dissemination in the United States.

    • GlobeNewswire

      Gold Plus Mining Initiates Work Program on Its “Lawyers” East & West Properties Contiguous to Benchmark Metals Gold Discoveries

      VANCOUVER, British Columbia, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Gold Plus Mining Inc. (“Gold Plus” or the “Company”) (CSE :GPMI) is pleased to announce that it has engaged Longford Exploration Services Ltd. to assist the Company in designing a work program for its 100% owned Lawyers East and West claim blocks that are contiguous to Benchmark Metal Inc.’s “Lawyers” Gold and Silver project in BC’s famous “Golden Horseshoe” region, that recently reported drilling intercepts of 2,360 g/t silver and 11.30 g/t gold over a 1 meter interval as well as 1.44 g/t gold equivalent over 102 meters (see press release dated February 11th and Jan 31st, 2020 respectively). The initial work program will be based on a compilation of historic work from the Lawyer East and West claims and nearby projects that are now underway. This data compilation will be followed up with a field program designed to complement historic work and recent discoveries in the area. The field program will be focused on sampling and geologic mapping of highly prospective and mineralized areas and may include geochemical surveying. Samples will be taken from mineralized areas and analyzed for precious metals content shortly after field work is completed.Neighboring Benchmark Metals announced on August 27th 2020, the discovery of the new “Marmot Zone” that contains mineralized structures broad zones of alteration, veining, and sulphide mineralization, returning samples of up to 61.3 g/t gold and 3,890 g/t silver. The discovery of the Marmot zone is trending South East from Benchmarks initial Cliff Creek zone discovery and towards Gold Plus’s Lawyers East claim block that is contiguous to the South East of Benchmark’s Lawyers property. The above information provides an indication of the exploration potential of the Lawyers East claim block and may not be representative of expected results.President and CEO Spencer Smyl states, “With Gold prices recently exceeding $2,000 per Oz and multiple recent gold discoveries on neighboring claims, we are excited about the potential of our highly prospective Lawyers East and West claims. Gold Plus now has three projects in some of the most prolific mining camps in Canada: the Golden Triangle in British Columbia, the Red Lake mining camp in north west Ontario and the Abitibi region of Quebec. We plan to conduct work programs on all three properties in order to obtain samples and define priority targets for upcoming drill programs.”About the Lawyers East & West ClaimsGold Plus’s Lawyers East and West mineral claims cover approximately 8,650 acres and are on trend with several mines found in the region, located at the south-eastern side of Benchmarks’ “Lawyers” property, below TDG Gold Corp’s “Baker” Mine and “Shasta” Mine and in line with the “Kemess” Mine further South East that hosts 2.7M oz of gold equivalent. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Properties.Neighboring Benchmark Metals recently announced an increase from 50,000m to 100,000m of drilling for 2020 and for 2021, a 200,000m drill program. Benchmark hopes to establish a five-million-plus-ounce resource by the first half of 2021, with preliminary economic studies to follow later in the year (see press release dated August 24th, 2020).Gold Plus Mining’s property hosts highly prospective rocks in the northeastern region of the prolific metal-endowed Stikine Terrane, British Columbia, Canada. According to Logan and Mihalynuk (2014), magmatic events in Stikine during the Late Triassic and Early Jurassic were the driving source for the development of mineralizing porphyry and epithermal systems. The same magmatic and mineralizing events are recognized on both the east and west sides of the Bower Basin forming an arch of gold and polymetallic mineralization. This arch is depicted herein as the 'Golden Horseshoe' which includes the Golden Triangle.A Media Snippet accompanying this announcement is available by clicking on the image or link below: The Company has now completed the arm’s length share purchase agreement with 1258512 BC Ltd. (“NumberCo”) and the shareholders of NumberCo (collectively, the “Vendors”), pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of the NumberCo from the Vendors. See news release dated July 27th, 2020 for terms of the agreement.Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.About Gold Plus Mining Inc. Gold Plus Mining is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. Our growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Golden Triangle” of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.ON BEHALF OF THE BOARDSpencer Smyl CEO & DirectorFor more information on Gold Plus Mining, please contactMr. Spencer Smyl – CEO & Director Phone: 604-785-4229 E-mail: spencer@goldplusmining.com Corporate e-mail: info@goldplusmining.com Website: www.goldplusmining.com Corporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.Not for distribution to U.S. Newswire Services or for dissemination in the United States.

    • GlobeNewswire

      Gold Plus Mining Starts Trading on The Frankfurt Stock Exchange

      VANCOUVER, British Columbia, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Gold Plus Mining Inc. (“Gold Plus” or the “Company”) (CSE :GPMI) (FSE: 1I3)  is pleased to announce that it has successfully listed its shares on the Frankfurt Stock Exchange under symbol 1I3 with ISIN: CA38067R1001 and  WKN: A2P1BYThe listing of the Company's shares on the Frankfurt Stock Exchange will broaden the corporation's shareholder base in Europe and increase trading activity in its shares, while at the same time facilitating investment in Gold Plus by the European investing community.The Frankfurt Stock Exchange is the world's third largest organized exchange trading market in terms of turnover and dealing in securities. Only the NASDAQ and the New York Stock Exchanges are larger. The electronic trading platform of the Frankfurt Stock Exchange, XETRA has made it the world's second largest fully electronic cash market. Gold Plus Mining’s President and CEO Spencer Smyl commented, “Gold Plus is committed to building shareholder value and the Frankfurt Stock Exchange listing will enable international investors to participate in the Company’s growth and development as we  continue to advance our highly prospective Gold and Silver projects in three of the most prolific mining camps in Canada.”Also, the Company has granted 400,000 stock options at an exercise price of $0.19 for a six month term to consultants of the Company pursuant to its Stock Option Plan.About Gold Plus Mining Inc. Gold Plus Mining is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. Our growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Golden Triangle” of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.Make sure to follow the company on twitter, Instagram and facebook as well as subscribe for company updates at www.goldplusmining.com ON BEHALF OF THE BOARDSpencer Smyl CEO & DirectorFor more information on Gold Plus Mining, please contactMr. Spencer Smyl – CEO & Director Phone: 604-785-4229 E-mail: spencer@goldplusmining.com Corporate e-mail: info@goldplusmining.com Website: www.goldplusmining.com Corporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.Not for distribution to U.S. Newswire Services or for dissemination in the United States.