Dear Shareholder:

We want to wish all of our stakeholders well amid the global turmoil created by the COVID-19 pandemic.  The team at Cyon Exploration (True Grit Resources) has been hard at work behind the scenes (and behind our home office computers ☺️) working with many of our top tier resources to progress the Black Rock Canyon project and commence trading.  

We are pleased to provide you with this update as things accelerate towards our date of trading and hope that you and your loved ones are safe and healthy. We continue to be extremely excited about the Black Rock Canyon property and our progress on our public listing.  A few of our recent highlights are below.

Recent Highlights:

  • Our 43-101 has been updated to include updated data and other pertinent information in anticipation of our public listing being completed.
  • Entered into a Mineral Option Agreement with Metals Explorations Inc., an arm’s length private company incorporated under the laws of the state of Nevada, whereby Metals Explorations has granted the Company the right to acquire up to a 100% interest in and to certain mineral claims and interests in leases owned by Metals Explorations known as the Black Rock Canyon property.
  • Finalizing our current Private Placement offering and public listing. We anticipate our trading to commence in the next 2-3 weeks.

Gold Prices To Continue Rising As Coronavirus Upends Global Economy

April 1, 2020 – Forbes

“Countries around the world are rolling out wartime-like emergency measures to fight COVID-19. Estimates by the OECD suggest that measures to curb the spread of the virus will cause economic output to decline between 20% and 25%. 

As investors have been clamoring for the safety of haven assets amid the recent market volatility, the U.S. dollar has been the king of the global foreign exchange market. But gold is actually outperforming against the greenback. According to Bloomberg data, gold has risen 5.3% so far this year and may go higher still.”

One Year Gold Price Chart

We truly appreciate all of our shareholders and look forward to sharing other exciting developments in the near future.  In the meantime, STAY SAFE and STAY HOME.

With warm regards,

Byron Coulthard
CEO, Cyon Exploration

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