Current Report Filing (8-k)
October 25 2021 - 11:12AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 25, 2021
Blox,
Inc.
(Exact Name of Registrant as Specified in Charter)
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Nevada
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000-53565
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20-8530914
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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708-1155 West Pender Street, Vancouver British
Columbia
(Address of Principal Executive Offices) (Zip Code)
(604)-314-9293
Registrant’s telephone number, including
area code
(Former Name or Former Address
if Changed Since Last Report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Shares
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BLXX
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OTC US
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement
Item 8.01 Other Items
Blox Inc and Ashanti Sankofa Inc to acquire Grumesa project with 931,541
ounces of Gold in Ghana.
In accordance with the Strategic Alliance Agreement of 2018 between
Blox Inc and Ashanti Sankofa Inc (ASI), ASI has elected to be involved with this project, and has assumed primary responsibility to prepare
the feasibility study for submission for a mining license.
Blox Inc is pleased to announce that it has signed an agreement to
acquire the Exploration Licence for the Grumesa Project in Ghana. The concession has a 43-101 report dated September 2010 showing a total
of 931,541 ounces Au, comprising 569,492 ounces Au indicated and 362,049 ounces Au inferred.
“This is an exciting project for us, and we look forward to working
with ASI as the project unfolds” said Chairman Tony Pickett. “Our philosophy is to reduce our carbon footprint wherever possible
and feasible, and to work towards zero carbon emissions inside the mine gate”.
The Agreement is subject to the Minerals Commission and the Minister
of Lands and Natural Resources giving their consent for the transfer of the concession to Blox, Inc normal course of business this transaction
may take several months to close.
The Property and Location
The Grumesa Project (Project) is in Ghana, West Africa, and is situated
approximately 50km to the south of the regional town of Obuasi and 350km northwest of the capital city of Accra. The Grumesa Project area
consists of the Grumesa-Awisam Prospecting license (PL2-30)
which is comprised of two discontiguous blocks with a combined area
of 37.8km2.
The larger Grumesa Block has an area of 34.3km2 while the smaller Awisam
Block has an area of 3.5km2. The license is wholly owned by Perseus Mining Limited (Perseus).
Geology and Mineralisation
The Project area is situated within a sequence of Lower Proterozoic
Birimian (2.17 to 2.18Ga) coeval meta-volcanic, metasedimentary (basin) rocks and Tarkwaian (back arc) epiclastics, on the eastern flank
of the Ashanti Belt.
Gold mineralisation at the Project occurs primarily within an inter-bedded
sequence of coarse clastic conglomerates, sandstones and siltstones of the Kayeya Conglomerate unit which forms part of the Lower Proterozoic
Birimian to upper Tarkwaian stratigraphy.
43-101 Report recommendations
The Project is prospective for the discovery of additional
resources and further exploration targeting extensions to existing mineral resources as well as the discovery of additional zones.
Subsequent work on exploration at the Project and the evaluation of existing mineral resources should include the following:
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Deeper infill drilling to better target depth extensions to mineralised
zones as most of the drilling has been confined to a depth of 60m.
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Further investigation should be made into the structural/lithological
controls on the mineralisation to accurately target higher grade mineralised zones.
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Completion of pit optimisation studies to assess the economic
viability of the Project as a low cost, low grade, high tonnage deposit.
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A comprehensive bulk density sampling program across the extent
of the project area to better define density values for each lithological domain.
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It is envisaged the project will produce at circa 30-50k ounces per
annum for more than ten years at low cost. Further information shall be announced as the geological team accesses the full potential and
preferred way forward to develop the project.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 25, 2021
Blox, Inc.
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/s/ Ronald Renne
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Ronald Renne
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CEO
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