If a company signs a new deal, there is significant attention on the stock, and hence, it would not be a surprise if the Blockchain Loyalty Corp. (OTC: BBLC) comes onto the radars of investors this morning. The company was in sharp focus yesterday after it announced that it had signed a new agreement with regard to a promising project.
The Agreement
Blockchain Loyalty Corp announced on Thursday that it had inked a mining lease agreement with Blue Crown Group Inc. for a gold project with high potential in California. In fact, the company noted that the project in question was situated in the Mother Lode region, an area known for gold exploration. The acquisition was a significant one for the company since it marked the first of a number of strategic agreements that would be aimed at the revival of high-grade and overlooked gold assets in one of the most productive mining districts historically in North America.
Further Information
The property in question is situated in the Eastern Belt near Columbia in California and has a track record of rich gold discovery. Blockchain Loyalty Corp went on to state that the region has produced $55 million worth of gold and priced it at only $20 an ounce.
Management Quote
“Our first targeted acquisition is just the beginning,” said Jamie Wallace of Blue Crown Group Inc. “With NFM’s deep understanding, the latest scientific advancements, their expertise in gold endowment in orogenic deposits, and favorable market conditions, we are confident in our ability to reignite the flames of the forgotten ‘ma and pa’ high-grade gold mines of the past.”
