Although the company is named Blockchain Loyalty Corp. (OTC: BBLC), last week it had been in the news for a move into the traditional mining sector, and that may bring the stock into sharp focus this morning. In this feature, we will take a closer look into the development from last Thursday, which brought the company into significant focus.
The Announcement
In the news release, the company announced that it had gone into collaboration with Blue Crown Group Inc. and executed a mining lease agreement for a gold project in California with high potential upside. In the news release, it was announced that the gold project was located in the historically prolific Moderlode region. The acquisition also signified the first of a number of strategic agreements from the company, which would help in the revival of high-grade gold assets located in the mining districts in North America with a historical record of productivity.
Further Information
The property in question is located in the Eastern Belt of the region, and it is also known as the Pocket Belt. It is located near Columbia in California and has a history of rich gold discovery. At this point, it remains to be seen if investors take a keen interest in the Blockchain Loyalty Corp stock or not.
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.”
