GGL Resources Corp. Announces Earn-In Agreement for Gold Point Project

GGL Resources Corp. has reached an agreement with Nelson Resources Limited (NES) allowing NES to acquire up to 90% of the Gold Point Project in Nevada. An initial cash payment of US$190,000 has been agreed, alongside stage-specific share offerings, a 2% net smelter returns royalty, and the option for NES to buy back half of this royalty for US$1,000,000.

NES plans a comprehensive exploration program for 2026, involving advanced surveys and drilling. The agreement includes a structured earn-in arrangement, allowing NES to secure up to 90% ownership if US$3,000,000 is invested over three stages within 36 months. Each stage is tied to specific financial and exploration commitments.

The Gold Point Project is rich in gold-silver veins, with several historical mines. This strategic agreement marks a significant step in advancing exploration efforts in this mineral-rich district.