The decision followed a difficult time for the company after the loss of the company's VP of exploration, Robert Middleton, who passed away last year. The company has been working hard to rebuild its team of geologists while undergoing a subsequent change of leadership in January this year.

Ready Set Gold's new CEO Alex McAulay said it was prudent to drop the remaining claims after assessing their status and that the company had been rebuilding its team of geologists.

"I'm looking forward to communicating a renewed vision for our Northshore and Hemlo Eastern Flanks projects in the coming weeks and months," he said.

The company also announced the establishment of a Strategic Advisory Committee alongside the appointment of Mark Smethurst, following his resignation from the board of directors on February 17. It has also appointed Bill Yeomans as its new qualified person to provide consulting advice on the company's projects.

The Emmons Peak project covers an area of 1,634ha and comprises 71 unpatented mineral claims. It is in the Turtlepond Lake area in the Kenora mining division of Ontario. It is situated along strike in a historical mining area known as the Goldrock Mining Camp.

Ready Set Gold Corp traded on the Canadian Stock Exchange at C$0.165/share, moving $0.005 higher on the day. Its shares rallied back above the $0.15 mark in the past month after dipping as low as $0.10 over the previous three months.