Advance United Holdings Reports Critical Metals Present on the Buck Lake Property, Sault-Ste Marie, Ontario

Advance United Holdings Reports Critical Metals Present on the Buck Lake Property, Sault-Ste Marie, Ontario

Highlights

  • Channel sampling in the known VLF EM anomalies identified the critical metals copper and zinc, results include 1.58% Cu and 4.93% Zn in the massive sulfide zones.
  • 14 areas were stripped of overburden to expose bedrock and 10 areas were channel sampled for a total of 89 samples over a total length of 85 meters.
  • Area "M" showed highly anomalous gold up to 0.33 g/t along with the copper of 1.58%.

Advance United Holdings Inc. (CSE: AUHI) (OTCQB: AUHIF) (FSE: 9I0) (the "Company" or "Advance United") is pleased to announce overburden stripping and channel sampling completed at Buck Lake Property in the months of August 2022 and September 2022 in attempts to uncover mineralized zones which were prospected earlier in the year in June 2022 and July 2022 and to identify the cause of VLF EM anomalies detected during an earlier survey.

A total of fourteen (14) areas were stripped of overburden and ten (10) areas were channel sampled (area "A" had two sections).

The areas stripped on the property were labelled alphabetically from South to North "A" to "M". Four (4) areas "E1", "H", "J", and "L" were stripped and washed but not sampled as no mineralized zones were uncovered in those areas. A total of eighty-nine (89) channel samples were obtained and submitted to Actlabs in Timmins for analyses.

Most areas stripped and sampled were found to contain massive bands of medium grained to coarse grained pyrite +/- pyrrhotite with varying amounts of chalcopyrite and sphalerite in a highly magnetic chloritic mafic host.

The bands of massive sulphide were up to 3 meters thick in Area "C", see Figure #1 below. The one exception was the northern most stripped area "M" which contained massive fine-grained pyrite and pyrrhotite, and visible disseminated chalcopyrite in different areas of the outcrop in a more "random" distribution. This area "M" was found by the VLF survey undertaken in late July 2022 and is considered an extension of the main zone, approximately 400 m to the north of the main zone.

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Figure 1: Three-meter-wide Zone of Massive Sulfide in Area "C"

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Figure 2: Typical massive pyrite mineralization found in most stripped areas

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Figure 3: Typical stripping and channel sampling (stripped area "M")

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Stripped Areas at Buck Lake

The following figure shows the areas where stripping was completed and designation of the sampled areas.

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Figure 4: Designation of Stripped Areas

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Figure 4: Typical channel sampling at Area "F".

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Photos were obtained from each area to show the location and sample numbers of the channel samples obtained.

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Figure 5: Example of Stripped Area "A" East portion with channel sample numbers G732058 - G732066

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A total of 194 m2 of ground was stripped and 85 meters of channel sampling was completed. Most of the channel-cut samples were 1.0 meters in length and averaged 5 to 6 cm in width and 10 cm in depth.

The following summary of the samples was obtained from each area.

  • 13 samples Area "A" including 265 ppm Cu and 68 ppm Z
  • 8 samples Area "B"
  • 11 samples Area "C"
  • 7 samples Area "D"
  • 10 samples Area "E"
  • 10 samples Area "F"
  • 11 samples Area "G"
  • 4 samples Area "I"
  • 15 samples Area "M"

The assay results for the samples obtained are summarized below.

Mr. Jim Atkinson, P.Geo., CEO of Advance United commented, "We are very pleased with the results of the channel sampling program undertaken at Buck Lake and would like to acknowledge the great work by our contractor, Noront Group from Sault-Ste. Marie and our Field Staff Ian Cassidy, Wazir Khan, and Shaun Parent. The program has identified significant copper, lead, and zinc mineralization in the massive sulphide horizons on the property and very interesting gold and silver anomalies associated with some of the massive sulphide zones. I look forward to the results of the recently completed drilling program which was planned to test these sulphide horizons at depth."

AREA A
Sample NumberLengthAuAgCuPbZnFeS
metersg/tppmppmppmppm%%
7320581.000.0050.24834310.42.75
7320591.000.0050.54441216.54.81
7320600.700.00583103.681.97
7320610.700.0051462.81.37
7320621.000.0051.626566826.210
7320630.500.0050.34232615.71.59
7320641.000.0050.33332220.40.87
7320651.000.0050.291223.50.11
7320661.000.005451020.80.22
7320671.000.0051812113.380.38
7320681.000.0060.568122211.70.66
7320691.000.0150.59351724.10.26
7320701.000.0090.35165515.71.99

 

AREA B
Sample NumberLengthAuAgCuPbZnFeS
g/tppmppmppmppm%%
7320501.000.0110.314314835.973.89
7320511.000.0053891257.030.48
7320521.000.00520.514071027.351.66
7320531.000.0050.326034813.96.68
7320541.000.0054651358.520.49
7320551.000.005751538.570.09
7320561.000.0050.21006738.621.04
7320571.000.005306724.050.24

 

AREA C
Sample NumberLengthAuAgCuPbZnFeS
g/tppmppmppmppm%%
7320321.000.0141.92412511521.69.43
7320331.000.0151.520798920.312
7320341.000.0261161936169.27
7320351.000.0180.911777913.16.97
7320361.000.02174222210.26.1
7320371.000.0180.67226669.212.04
7320381.300.0221.41337912413.84.77
7320460.900.0212.9108729520.415.3
7320470.900.0121.6156254316.511.9
7320481.100.0113.410223413.60.38
7320491.100.010.45616147171.14

 

AREA D
Sample NumberLengthAuAgCuPbZnFeS
g/tppmppmppmppm%%
7320390.600.0150.910915418108.242.56
7320400.400.0211.132474623.7> 20.0
7320410.700.0210.8608124114.37.19
7320420.600.0172670417201611.1
7320431.000.0132.210365112713.20.52
7320441.000.0110.5156759326.31.39
7320450.400.00990757219.80.52

 

AREA E
Sample NumberLengthAuAgCuPbZnFeS
g/tppmppmppmppm%%
7320010.650.005129172.850.65
7320020.650.0050.510480.750.09
7320030.800.0050.943351916.854.1
7320040.800.0050.748331516.314.77
7320050.750.0061.936377123.715.7
7320060.750.0091.5218104125.2> 20.0
7320281.000.0092.13127612310.9
7320291.000.0142.84819136> 30.012.5
7320301.000.0151.6212134821.712.8
7320311.000.0060.9129195611.74.52

 

AREA F
Sample NumberLengthAuAgCuPbZnFeS
g/tppmppmppmppm%%
7320071.000.011.764317059812.28.18
7320081.000.0081.71030658419.213.96
7320091.000.0091.410205324211.64.05
7320101.000.0232724161579.844.87
7320111.000.0111416722438.315.12
7320121.000.0091.136915656.083.17
7320131.000.0151.153414599.728.05
7310141.000.010.722378211.58.69
7320151.000.0383.9227061223.351.01
7320161.000.0292.81650101473.150.45

 

AREA G
Sample NumberLengthAuAgCuPbZnFeSPbZn
g/tppmppmppmppm%%%%
7320171.000.013282281757218.712.2
7320181.000.0053.846531221.49
7320191.000.0074.736720161.32
7320201.000.0050.41961205.80.44
7320211.000.0073.425824280023.311.3
7320221.000.0060.215801604.70.89
7320231.000.01545.6367> 5000> 1000028.314.20.774.93
7320241.000.0072.43181040406.792.11
7320251.000.0132.41574019324.215.1
7320261.000.012.52275927817.36.98
7320271.000.0090.8218769.623.02

 

AREA M
Sample NumberLengthAuAgCuPbZnFeSCu
ppmppmppmppmppm%%%
6437080.500.082.5625226630.00>10
6429181.000.050.516251016.001.64
6439191.000.052.5413165630.40>10.0
6439201.000.050.410115867.135.11
6439211.000.051.650231013.570.77
6439221.000.052.7468109326.20>10.0
6439231.000.051.042312464.031.51
6439241.000.050.2438643.090.46
6439251.000.062.8348103333.80>10.0
7320721.200.0120.34033181.170.22
7320730.700.32933.130405215.560.43
7320740.700.07727.4> 100004385.611.621.58
7320750.900.0721.26461518914.8012.4
7320760.800.051.5660105726.00>20
7320770.400.052.94651714018.5015.3

 

About Advance United Holdings

Advance United brings an entirely different approach to the mining industry. We don't mine. Rather, we've acquired a portfolio of undervalued gold properties and are increasing their value through the application of modern technology. We have a growing pipeline of similar properties that we are looking to acquire. And now we've launched the Au Marketplace. A first of its kind digital platform that connects owners of mineral commodities and deposits with developers and producers.

We are involved exclusively in the acquisition and advancement of past projects - with no intent to bring them back into production or to mine them ourselves. Our expertise is in identifying and acquiring undervalued properties with significant historical work, which were uneconomic at the time, but we believe have economic value at today's prices.

We fund the development of re-working historic data and applying modern technology to underwrite new qualified reports, document quantifiable resources and reserves to current standards, thereby recognizing the current value.

Our purpose is to bring immediate and long-term value to our partners and shareholders while seeking to eliminate exploration risk, so that we can all advance united in the shortest possible time frame.

For additional information about us, our projects, or to find out how you can list your project in the Au Marketplace, visit www.advanceunited.ca.

Contact Information

James Atkinson, P. Geo., CEO
Email: jim.atkinson@advanceunited.ca
Tel: (647) 278-7502

Qualified Person

James Atkinson M.Sc., P. Geo., a Qualified Person ("QP") as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The Qualified Person has not completed sufficient work to verify all historic information on the Property, particularly with regards to historical sampling, drill results, and technical work provided by Noranda and others. The Qualified Person assumes that sampling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

Forward-Looking Information and Cautionary Statements

This news release may contain "forward-looking information" within the meaning of applicable securities laws relating to the trading of the Company's securities and the focus of the Company's business. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "contemplates", "believes", "projects", "plans" and similar expressions. Forward-looking statements in this news release include statements regarding the Company's ability to increase the value of its current and future mineral exploration properties and, in connection therewith, any long-term shareholder value, the Company's ability to mitigate or eliminate exploration risk, and the Company's intention to develop a portfolio of historic gold properties. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Company will continue its business as described above. Readers are encouraged to refer to the Company's annual and quarterly management's discussion and analysis and other periodic filings made by the Company with the Canadian securities regulatory authorities under the Company's profile on SEDAR at www.sedar.com. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law.

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Dear fellow shareholders, service providers, and followers of Advance United,

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Highlights

  • 2022 work program identifies half kilometer mineralized Volcanic Massive Sulfide (VMS) zone anomaly with assay results testing up to 4.89% copper including other critical metal assets.
  • 10 of 15 drill hole results currently reported including drill hole BL-22-06, intersecting 4.59% copper, high grade copper over 3.2 meters in a 11.75 meter zone averaging 1.51% copper and containing notable zinc, gold, and silver values.
  • Additional assay results from the 5 remaining drill holes are expected to be reported by the Company in Q1 2023.

Advance United Holdings Inc. (CSE: AUHI) (OTCQB: AUHIF) (FSE: 9I0) (the "Company" or "Advance United") is pleased to announce the receipt of assay results for 10 of 15 diamond drill holes completed on the Buck Lake Property in Sault-Ste Marie, Ontario with additional results expected to be reported in early 2023.

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Freegold Ventures Limited (TSX: FVL) (OCTQX: FGOVF) ("Freegold" or the "Company") is pleased to announce the commencement of drilling at Golden Summit with two diamond drill rigs focused on identifying zones of higher grade gold mineralization.

Freegold Ventures Limited Logo (CNW Group/Freegold Ventures Limited)

Mineralization identified in the 2020 - 2023 drill programs demonstrates the higher-grade mineralization dips moderately south towards the Dolphin intrusive and is bounded toward the north by significant faulting. Mineralization is deeper toward the south.

In 2023, the drill program at Golden Summit successfully discovered higher-grade mineralization on the western side of the existing resource at a shallower depth. Building on this success, in 2024, the plan is to continue drilling on the western part of the Dolphin/Cleary deposit and extend the drilling coverage further to the west. Three distinct geochemical trends have been identified: two south-southwest flanking trends and a clear east-west trend spanning an additional 1.5 km. As Golden Summit is non-glaciated, the surface geochemistry has proven to be an excellent indicator of near-surface gold mineralization. The 2024 drill program aims to explore these trends to identify higher-grade shallow mineralization to improve the overall resource grade before commencing with economic studies. The current pit-constrained primary mineral resource at Golden Summit ( Feb. 2023 ), using a $1,792 gold price and a 0.45 g/t cut-off, is 12,011,000 oz @ 0.92 g/t Au (407,544,000t) indicated and 7,736,000 oz @ 0.85 g/t Au (282,303,000t) inferred.

Highlights from the 2023 Drill Program targeting the area west of Willow Creek

GS2314

Hole GS2314, located 150 metres west of 478950E, was drilled to the west.



HOLE
NUMBER

AZIMUTH

DIP

DEPTH
(M)

FROM
(M)

TO
(M)

INTERVAL
(M)

AU
G/T

GS2314

270

-70

748.6

125

141.5

16.5

2.1





293.6

296

2.4

82.5





385.7

499

113.3

5.42

including




480.7

489.8

9.1

6.5

including




495.9

499

3.1

160

GS2331

Targeted the area to the north of the historic known veins, intersected several
zones of higher-grade mineralization



HOLE
NUMBER

AZIMUTH

DIP

DEPTH
(M)

FROM
(M)

TO
(M)

INTERVAL
(M)

AU
G/T

GS2331

360

-50

543.2

19.4

37

17.6

0.56





215.5

259.4

43.9

0.92





276.5

288

11.5

2.0





370.9

406.8

35.9

1.41

GS2332

Drilled on the western edge of the current resource. Returned broad zones
higher than resource grade, including multiple high-grade intercepts



HOLE
NUMBER

AZIMUTH

DIP

DEPTH
(M)

FROM
(M)

TO
(M)

INTERVAL
(M)

AU
G/T

GS2332

360

-55

709.9

104.5

107.6

3.1

41.4





355.7

358.8

3.1

25.3





383.1

413.6

30.5

1.02





474.6

500.8

26.2

1.23





543.8

614.8

71

1.0

including




582.8

614.8

32

1.38

GS2333

The farthest southwest hole collared 200 metres west of the previous drilling,
outside the existing resource and within a 1.5-kilometre-long gold-in-soil
geochemical anomaly.



HOLE
NUMBER

AZIMUTH

DIP

DEPTH
(M)

FROM
(M)

TO
(M)

INTERVAL
(M)

AU
G/T

GS2333

360

-50

632.2

106.7

107.6

0.9

12.15





165.2

202.4

37.2

0.66





355.7

632.2

276.5

1.76

including




355.7

404.5

48.8

1.31

including




438

505.1

67.1

4.25

including




502

505.1

3.1

79

including




608.3

632.2

23.9

4.09

including




614.4

617.5

3.1

24.2

GS2334

Drilled to the south. GS2334 appears to have drilled over the top of the
projected zone of mineralization intersected in GS2333



HOLE
NUMBER

AZIMUTH

DIP

DEPTH
(M)

FROM

(M)

TO

(M)

INTERVAL
(M)

AU
G/T

GS2334

180

-50

660.8

183.6

627.3

443.7

0.71

including




325.2

520.3

195.1

1.06

including




399.6

401.4

1.8

45.1

including




587

627.3

40.3

0.84

GS2335

It was drilled just west of Willow Creek, on the western edge of the current
resource. Returned higher than resource grade, including multiple high-grade
intercepts. GS2335 is notable in that it is closer to surface at significantly
higher resource grade than seen on the east side of Willow Creek



HOLE
NUMBER

AZIMUTH

Dip

DEPTH
(M)

FROM
(M)

TO
(M)

INTERVAL
(M)

AU
G/T

GS2335

360

-55

810.8

63.2

64.1

0.9

12.2





96.6

511.1

414.5

0.8

including




96.6

230.1

133.5

1.43

including




142.3

145.4

3.1

27.1

GS2336

It was drilled just west of Willow Creek, on the western edge of the current
resource and behind 2335. Returned higher than resource grade, including
multiple high-grade intercepts. GS2336 is notable in that it is closer to surface
at significantly higher than resource grade than seen on the east side of
Willow Creek



HOLE
NUMBER

AZIMUTH

Dip

DEPTH
(M)

FROM
(M)

TO
(M)

INTERVAL
(M)

AU
G/T

GS2336

360

-55

831.3

15.9

31.1

15.2

0.52





166.1

218.5

52.4

0.59





257.7

677.3

419.6

0.86

including




308.2

327.7

19.5

4.26

including




308.2

311.2

3

25.3

including




483.1

504.7

21.6

1.09

including




521.8

558.4

36.6

2.86

including




521.8

524.9

3.1

28.8

including




655.9

677.3

21.4

0.75





708.7

726

17.3

0.86





758.2

772.4

14.2

1.43

GS2337

It was drilled at an azimuth of 315 o to cross the Tolovana Vein swarm
extensions to the southwest. The hole successfully intersected various zones
of higher-grade mineralization.

HOLE
NUMBER

AZIMUTH

Dip

DEPTH
(M)

FROM
(M)

TO
(M)

INTERVAL
(M)

AU
G/T

GS2337

315

-50

784.3

260

704

444

0.85

including




341

354.7

13.7

1.21

including




367.8

443

75.2

1.31

including




367.8

369

1.2

20.2

including




506

517

11

2.27

including




552.1

575

22.9

0.94

including




668

704

36

2.01

including




668

671

3

13.45

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.


A plan map showing the locations of the drill holes targeting the area west of Willow Creek can be found here:

https://freegoldventures.com/site/assets/files/6287/goldensummit_dolphin-cleary_resource_drilling_western_a.pdf

In addition to the ongoing drill program, metallurgical, baseline environmental, cultural resource, and wetland studies are underway. An updated mineral resource estimate based on the 2023 drill program is scheduled to be completed by the end of Q2 2024.

A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by ALS Laboratories. Core samples were prepared in ALS's facility using the PREP-31BY package. Each core sample is crushed to better than 70 %, passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 1kg is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen; a portion of this pulverized split is digested by Four Acid and analyzed via ICP-AES (method code ME-ICP61). Fire Assay analyzes all samples with an AAS finish, method code Au-AA23 (30g sample size) and over 10 g/t are automatically assayed using a FA Grav method, Au-GRAV21. Additional Au screening is performed using ALS's Au- SCR24 method; select samples are dry-screened to 100 microns. A duplicate 50g fire assay is conducted on the little fraction, and an assay is conducted on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Analytical and assay procedures are conducted in ALS's North Vancouver and Reno facilities.

A QA/QC program included laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson , P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska . Through leases, it holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2023 , filed under Freegold's profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold's operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect on Freegold's business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

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GOLD ROYALTY ANNOUNCES RECORD TOTAL REVENUE, LAND AGREEMENT PROCEEDS AND INTEREST AND GEOS

GOLD ROYALTY ANNOUNCES RECORD TOTAL REVENUE, LAND AGREEMENT PROCEEDS AND INTEREST AND GEOS

First Quarter Results to be Released on May 13, 2024

Gold Royalty Corp. (" Gold Royalty " or the " Company ") (NYSE American: GROY) is pleased to announce record quarterly Total Revenue, Land Agreement Proceeds and Interest*, driven by the Company's cornerstone royalties, recent royalty acquisitions and its unique royalty generator model. All amounts are expressed in U.S. dollars unless otherwise noted.

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Gold Royalty Corp. (" Gold Royalty " or the " Company ") (NYSE American: GROY) announced today that Glenn Mullan has stepped down as a director of the Company.

About Gold Royalty Corp.

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that that it has entered into (i) a secured loan agreement with John Watson (the "Lender") pursuant to which the Lender provided a loan to the Company in the principal amount of US$50,000 (the "Secured Loan") and (ii) a share pledge agreement with the Lender, which secures an aggregate principal amount of US$400,000 in loans provided to the Company by the Lender to date, as described herein

The Company previously entered into loan agreements with the Lender on June 26, 2023, July 10, 2023, September 18, 2023 and January 22, 2024, pursuant to which the Lender provided the Company with loans in the aggregate principal amount of US$350,000 (the "Prior Loans" and together with the Secured Loan, the "Loans").

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RUA GOLD Corporation (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) ("RUA GOLD" or the "Company") is pleased to provide an exploration update for the Reefton Project on the South Island of New Zealand .

  • Preliminary results confirm the Pactolus system extends south for 550 meters along strike and is well mineralized on surface.
  • The Company is analyzing the results to better understand the plunge and tenor of the ore shoots at this early stage of exploration.
  • The Company has developed multiple new high-grade targets at past producing mines in the Murray Creek area for drill testing in Q2/2024.

Pactolus

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Element79 Gold Corp. Confirms Oversubscribed Final Tranche Of Equity Unit Offering Raising Over $867,000

(TheNewswire)

Element79 Gold Corp.

Vancouver, BC April 18, 2024 Element79 Gold Corp. (CSE:ELEM)(OTC:ELMGF)(FSE:7YS0) ("Element79" or "the Company") The Company is pleased to announce that it has closed its final round of capital raising efforts, announcing that that the previously initiated non-brokered Private Placement of Equity Units was met with overwhelming investor interest, resulting in an oversubscription.

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