CSE New Listing - ALQ Gold Commences Trading on the Canadian Securities Exchange - Video Available on InvestmentPitch.com

2016-10-06 / @newsfile

 

Vancouver, British Columbia--(Newsfile Corp. - October 6, 2016) - ALQ Gold (CSE: ALQ) is the latest new listing on the Canadian Securities Exchange, and trades under the symbol "ALQ". The company previously traded on the TSX Venture Exchange, under the same symbol. The company has an option agreement with Cariboo Rose Resources, to earn up to a 100% interest in the Koster Dam Project.

InvestmentPitch Media has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "ALG Gold" in the search box. The video is also available on YouTube (click here).



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The Koster Dam project, located 18 kilometres north of the former producing Blackdome gold-silver mine and 80 kilometres southwest of the city of Williams Lake, targets low sulfidation gold similar to what occurs at the Blackdome Mine which during its eight year life recorded production of approximately 225,000 ounces of gold and 547,000 ounces of silver from several narrow quartz veins.

In order to earn 50% in the project, the company must incur $110,000 of expenditures by June 28, 2017. Upon earning the first 50%, the company can earn the remaining 50% interest by paying Cariboo Rose a cash payment of $400,000 before the end of the option period.

ALQ is in the process of closing the sale of its Lustdust Property to Lorraine Copper. Upon closing, ALQ will receive 5.5 million shares of Lorraine Copper, $50,000 in cash, with Lorraine Copper undertaking to incur $100,000 in exploration expenditures on the Lustdust property within the following 12 months.

For more information please visit the company's website www.alqgold.com or contact Carl Pines, CEO, at 604-939-4083.

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