Canstar Drills 20.6 g/t Gold over 3.5 Metres at Kendell Prospect; Extends Mineralization Downdip by 80% to 180 Metres

Canstar Drills 20.6 g/t Gold over 3.5 Metres at Kendell Prospect; Extends Mineralization Downdip by 80% to 180 Metres

(TheNewswire)

Canstar Resources Inc.

Includes 58.2 g/t Over 1.1 Metres

Toronto, Ontario TheNewswire - July 5, 2022 Canstar Resources Inc. (TSXV:ROX ) & ( OTC:CSRNF) (" Canstar" or the "Company ") is pleased to announce new assay results for diamond drilling at the Kendell prospect on its Golden Baie property in south-central Newfoundland.  Drilling took place in February and March 2022 and consisted of 2,907 metres ("m") in 39 holes.  Notable drill intercepts are provided in Table 1 and full results are in Table 2 at the end of this release.

Table 1 - Notable intercepts from the 2022 Kendell prospect winter drill program

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

GB-22-64

34.0

36.0

2.0

9.5

GB-22-65

34.6

37.6

3.0

6.2

GB-22-72

28.4

34.4

6.0

6.7

inc.

30.4

31.4

1.0

15.2

inc.

33.4

34.4

1.0

13.3

GB-22-74

14.0

17.7

3.7

2.5

and

27.7

31.0

3.4

5.1

GB-22-92

52.5

56.1

3.6

6.1

inc.

55.7

56.1

0.4

44.9

GB-22-93

46.9

50.0

3.1

4.3

GB-22-94

47.0

50.5

3.5

20.6

inc.

47.8

48.9

1.1

58.2

GB-22-96

36.4

39.4

3.0

11.0

and

42.4

46.0

3.6

3.0

GB-22-97

34.0

43.0

9.0

4.3

inc.

42.0

43.0

1.0

15.1

Notes :

  1. All intersections are downhole length as there is insufficient information to calculate true width.

  2. Reported grades have not been capped.

Matthieu Lapointe, Vice President of Exploration for Canstar, commented: "This was the Company's first winter drill program on the Golden Baie project and we are very pleased with how the program was executed and also with the assay results.  Gold mineralization was significantly extended downdip and we encountered the thickest auriferous quartz vein drilled yet in hole GB-22-94.  We believe gold mineralization remains open to the northwest and southwest.  Additional drilling is planned for this fall after downhole Acoustic/Optical Televiewer work has been done, further advancing our understanding of vein orientation."

Gold Mineralization at Kendell Extended at Depth and Along Strike

The 2022 winter drill program at the Kendell prospect was designed to test the continuity of gold mineralization downdip to the northwest and along strike to the northeast and southwest of the previously-drilled mineralized intercepts (Figure 1).  The best mineralized intercepts in the 2021 drilling program appear to follow a structure, interpreted from ground magnetics, that strikes northwest-southeast and dips gently in that direction.  Gold mineralization was generally in the form of fine grains in centimetre-scale quartz veins with additional gold mineralization associated with arsenopyrite and/or stibnite in the adjacent wall rocks.  Mineralized intercepts are focused in the hanging wall of a sheared black shale horizon (Figure 2).


Click Image To View Full Size

Figure 1 - Plan map of the Kendell prospect showing 2021 and 2022 drill collars and mineralized intercepts


Click Image To View Full Size

Figure 2 - Vertical section A-A' of the Kendell prospect based on 2021 and 2022 drilling (looking northeast)

The 2022 Kendell drill results successfully extended gold mineralization downdip to the northwest.  Hole GB-22-92 intersected 6.1 g/t gold over 3.6 m at a downhole depth of 52.5 m, including 44.9 g/t over 0.4 m. This intercept is approximately 80 m downdip of hole GB-21-53, which intersected 12.2 g/t gold over 3.9 m, extending the total known downdip length of gold mineralization at the Kendell prospect to approximately 180 m.  The best intercept in the 2022 winter drill program was in hole GB-22-94, which intersected 20.6 g/t gold over 3.5 m, including 58.2 g/t over 1.1 m in the thickest quartz vein encountered in drilling to date.  Due to its gentle dip, gold mineralization remains shallow. Hole GB-22-95, which was oriented to the northwest to test downdip of hole GB-22-94, did not intersect significant mineralization. Hole GB-22-95 may not have been drilled at the optimal orientation and possibly deviated from the target horizon. The Company intends to obtain a higher precision bore hole survey of GB-22-95 during the planned Televiewer work.

Winter drilling at Kendell also extended gold mineralization along strike to the southwest.  Hole GB-22-64 intersected 9.5 g/t gold over 2.0 m and hole GB-22-72 intersected 6.7 g/t gold over 6.0 m approximately 10 m southwest of previously-drilled intercepts .  Gold mineralization remains open along strike to the southwest. Drilling to the northeast, approximately 10 m from previous intercepts, did not return significant gold mineralization.  Downhole televiewer work is expected to provide additional information on the orientation of mineralized quartz veins, which will enhance the understanding of the mineralization and optimize the azimuth for future drilling.

A thick quartz vein encountered in hole GB-22-94 (Figure 3) suggests the potential for broader zones of high grade gold mineralization where structures opened up through progressive deformation during orogenesis.


Click Image To View Full Size

Figure 3 - Drill core from GB-22-94 with large quartz vein starting at downhole depth of 47.8 m (visible gold within red circles)

Gold mineralization may be related to a lithological contact between the Isle Galet formation sedimentary rocks and black shales of the Riches Island formation (Figure 4), which also corresponds with a trend of anomalous till sample and grab sample results (see news release dated May 4, 2022 ). Multiple regional faults striking northeast-southwest, parallel to the Day Cove Thrust, are believed to exist on the Golden Baie property and these regional faults may be important controlling structures for orogenic gold mineralization, as seen in other recent gold discoveries in central Newfoundland.


Click Image To View Full Size

Figure 4 – Plan map of the Kendell prospect area showing interpreted faults, lithologies and select gold anomalies in grab samples and till samples

Gold Association with Arsenic and Antimony

The 75 diamond drill holes completed to date at the Kendell prospect in 2021 and 2022 indicate a very strong correlation between gold mineralization and arsenic and antimony.  The gold-arsenic-antimony association is a well-defined hallmark of world-class gold producers such as the Fosterville, Bendigo and Ballarat mines of the Victorian Goldfields.  The Golden Baie property has numerous areas with significant arsenic and antimony anomalies based on soil geochemistry (Figure 5), which are priority areas for regional exploration.  The size and extent of these anomalies, combined with multiple rock samples with anomalous gold spanning a strike length of 40 km, indicate the potential for multiple gold mineralized structures on the district-scale Golden Baie property.

Additional soil sampling is planned for multiple locations on the Golden Baie project in 2022 to infill areas that have not been sampled or have historic soil samples with only gold assay data.


Click Image To View Full Size

Figure 5 – Significant gold-arsenic-antimony anomalies on the Golden Baie project based on soil samples

QA/QC:

All 2021 and 2022 drilling was of NQ-sized drill core. Core samples were split with a diamond saw and half-core retained for further study after being detail logged and photographed. 2022 drill core samples were collected by company personnel and shipped to SGS Labs, Lakefield, ON for preparation of assay pulps. Gold analysis is completed in the SGS Labs, Burnaby, BC with a 30 g fire assay and AAS finish (code GE_FAA30V5). Samples returning >1 g/t Au are re-assayed with a gravimetric finish (code GO-FAG30V). Mineralized zones with visible gold are also analyzed by a 500 g screen fire assay with screening to 106 microns (code GO-FAS30M).

Soils are dried at a secure company facility and will be processed at SGS Labs using the GE_FAM50V5 assay method for gold (1-2,000 ppb Au detection) and the GE-IMS21B20 method, an ICP-MS analysis that captures 37 elements including trace level detection of pathfinders such as, Sb and W.

Canstar's QAQC program utilizes four commercially available reference standards, blanks and duplicate samples to ensure data quality. In addition, duplicates of selected samples are being sent to a second laboratory as check assays.

Qualified Person

Matthieu Lapointe, B.Sc., P.Geo, Vice President Exploration of Canstar, and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data presented herein and has reviewed and approved this release.

Table 2 - Kendell prospect 2022 winter drilling assay results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

GB-22-63

18.5

22.5

4.0

0.5

GB-22-64

34.0

36.0

2.0

9.5

GB-22-65

20.1

25.0

5.0

1.0

and

34.6

37.6

3.0

6.2

GB-22-66

NSR

GB-22-67

6.0

6.5

0.5

5.7

GB-22-68

7.0

9.0

2.0

2.6

GB-22-69

NSR

GB-22-70

NSR

GB-22-71

NSR

GB-22-72

15.4

17.4

2.0

2.1

and

28.4

34.4

6.0

6.7

inc.

30.4

31.4

1.0

15.2

inc.

33.4

34.4

1.0

13.3

GB-22-73

14.0

17.0

3.0

4.7

and

27.0

36.0

9.0

0.5

GB-22-74

14.0

17.7

3.7

2.5

and

27.7

31.0

3.4

5.1

GB-22-75

16.0

18.0

2.0

0.5

GB-22-76

15.9

17.9

2.0

0.7

GB-22-77

19.0

20.0

1.0

2.2

GB-22-78

18.0

18.9

0.9

1.6

GB-22-79

NSR

GB-22-80

NSR

GB-22-81

7.0

21.3

14.3

0.3

GB-22-82

5.5

23.5

18.0

0.2

GB-22-83

15.5

16.0

0.5

7.6

GB-22-84

NSR

GB-22-85

8.0

19.6

11.6

0.2

GB-22-86

7.5

16.0

8.5

0.3

GB-22-87

9.0

13.0

4.0

0.7

GB-22-88

3.0

16.5

13.5

0.2

GB-22-89

2.0

14.0

12.0

0.2

GB-22-90

9.5

11.6

2.1

2.4

GB-22-91

9.0

10.0

1.0

1.7

GB-22-92

52.5

56.1

3.6

6.1

inc.

55.7

56.1

0.4

44.9

and

61.6

64.2

2.6

1.5

GB-22-93

46.9

50.0

3.1

4.3

GB-22-94

47.0

50.5

3.5

20.6

inc.

47.8

48.9

1.1

58.2

and

55.0

56.0

1.0

2.6

GB-22-95

NSR

GB-22-96

36.4

39.4

3.0

11.0

and

42.4

46.0

3.6

3.0

GB-22-97

34.0

43.0

9.0

4.3

inc.

42.0

43.0

1.0

15.1

and

45.0

46.9

1.9

1.7

GB-22-98

NSR

GB-22-99

NSR

GB-22-100

27.0

28.5

1.5

0.5

and

53.0

54.0

1.0

0.6

GB-22-101

56.0

57.0

1.0

0.6

Table 3 - Kendell prospect 2022 winter drilling collar locations and drill hole details

Hole

Location

Easting NAD83

Northing NAD83

Azimuth

Dip

Total Length (m)

GB-22-63

Kendell

596807

5298139

135

-46

91

GB-22-64

Kendell

596807

5298139

136

-65

82

GB-22-65

Kendell

596807

5298139

127

-83

82

GB-22-66

Kendell

596844

5298105

135

-46

52

GB-22-67

Kendell

596844

5298105

132

-64

52

GB-22-68

Kendell

596844

5298105

121

-84

55

GB-22-69

Kendell

596841

5298099

93

-45

52

GB-22-70

Kendell

596841

5298099

100

-59

0

GB-22-71

Kendell

596841

5298099

99

-69

52

GB-22-72

Kendell

596828

5298116

108

-69

67

GB-22-73

Kendell

596828

5298116

90

-54

61

GB-22-74

Kendell

596828

5298116

91

-45

61

GB-22-75

Kendell

596826

5298120

128

-45

70

GB-22-76

Kendell

596826

5298120

129

-65

70

GB-22-77

Kendell

596826

5298120

118

-84

70

GB-22-78

Kendell

596806

5298125

131

-66

136

GB-22-79

Kendell

596806

5298125

132

-44

100

GB-22-80

Kendell

596806

5298125

136

-84

85

GB-22-81

Kendell

596885

5298118

130

-75

52

GB-22-82

Kendell

596885

5298118

134

-60

40

GB-22-83

Kendell

596885

5298118

135

-44

40

GB-22-84

Kendell

596894

5298131

128

-84

40

GB-22-85

Kendell

596894

5298131

129

-65

40

GB-22-86

Kendell

596894

5298131

130

-44

61

GB-22-87

Kendell

596908

5298118

137

-66

62.5

GB-22-88

Kendell

596908

5298118

137

-45

43

GB-22-89

Kendell

596900

5298111

140

-85

37

GB-22-90

Kendell

596900

5298111

133

-66

40

GB-22-91

Kendell

596900

5298111

137

-47

40

GB-22-92

Kendell

596768

5298190

140

-85

157

GB-22-93

Kendell

596768

5298190

134

-70

121

GB-22-94

Kendell

596768

5298190

132

-56

115

GB-22-95

Kendell

596768

5298190

311

-54

163

GB-22-96

Kendell

596788

5298173

130

-52

79

GB-22-97

Kendell

596788

5298173

129

-70

112

GB-22-98

Kendell

596808

5298180

132

-50

91

GB-22-99

Kendell

596809

5298180

128

-70

100

GB-22-100

Kendell

596783

5298145

131

-76

100

GB-22-101

Kendell

596820

5298167

131

-64

82

About Canstar Resources Inc.

Canstar Resources has a very experienced technical team and board who are focused on new mineral discoveries in Newfoundland, Canada.  Central Newfoundland has emerged as one of the most exciting gold exploration districts due to recent high-grade orogenic gold discoveries along crustal scale fault corridors.  The Company's flagship Golden Baie project, comprised of 774 km 2 of claims in south-central Newfoundland, has multiple high-grade gold anomalies at surface along 40 km of strike. The Company also holds the Buchans-Mary March project and other mineral exploration properties in Newfoundland. Canstar Resources is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ROX and trades on the OTCPK under the symbol CSRNF.

For further information, please contact:

Rob Bruggeman, President & CEO

Email: rob@canstarresources.com

Phone:        1-647-247-8715

Website: www.canstarresources.com

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

ROX:CA
The Conversation (0)
Canstar Announces Final 2021 Field Work Results, Commences 2022 Field Season at Golden Baie Project in Newfoundland

Canstar Announces Final 2021 Field Work Results, Commences 2022 Field Season at Golden Baie Project in Newfoundland

(TheNewswire)

Canstar Resources Inc.

Four New Gold Targets Identified in 2021

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canstar Announces Till Results with up to 502 Gold Grains and Additional Shallow High Grade Drill Results

Canstar Announces Till Results with up to 502 Gold Grains and Additional Shallow High Grade Drill Results

(TheNewswire)

Canstar Resources Inc.

Toronto, Ontario TheNewswire - May 4, 2022 Canstar Resources INC. (TSXV:ROX ) & ( OTC:CSRNF) (" Canstar" or the "Company ") is pleased to announce assay results from the final 26 drill holes completed in 2021 and the results of the first systematic till sampling program on the Golden Baie property in south-central Newfoundland.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
buchans homes for sale

Canstar Increases Winter Drill Program at Kendell Prospect

(TheNewswire)

Canstar Resources Inc.

Toronto, Ontario TheNewswire - March 16, 2022 Canstar Resources Inc. (TSXV:ROX ) & ( OTC:CSRNF) (" Canstar" or the "Company ") is pleased to announce an update on the winter drill program at the Kendell prospect, located in the central portion of its Golden Baie claim block which is at the southern end of the emerging central Newfoundland gold belt (Figure 1).  Based on preliminary results, the Company is also pleased to announce that the winter drill program has been increased to 3,000 metres of diamond drilling, a 50% increase from the original 2,000 metre program that was announced on Feb. 8, 2022 .

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canstar Intersects 11.8 g/t Gold over 5.7 Metres at Kendell, Commences Winter Drill Program

Canstar Intersects 11.8 g/t Gold over 5.7 Metres at Kendell, Commences Winter Drill Program

(TheNewswire)

Canstar Resources Inc.

Toronto, Ontario February 8, 2022 TheNewswire - Canstar Resources Inc. (TSXV:ROX ) ( OTCPK:CSRNF) (" Canstar" or the "Company ") is pleased to announce additional assay results from 2021 drilling and channel sampling from the Kendell prospect at its Golden Baie project in south Newfoundland. The Company also announces that a winter diamond drill program has commenced at the Kendell prospect.  This program is expected to include up to 35 new drill holes which total approximately 2,000 metres and reflect the shallow nature of the mineralization.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canstar Acquires the Hermitage Property, Expanding its Newfoundland Gold Exploration Project Claims to 774 km2

Canstar Acquires the Hermitage Property, Expanding its Newfoundland Gold Exploration Project Claims to 774 km2

(TheNewswire)

Canstar Resources Inc.

Toronto, Ontario - TheNewswire January 24, 2022 Canstar Resources Inc. (TSXV:ROX ) & ( OTC:CSRNF) (" Canstar" or the "Company") is pleased to announce that it has signed a binding property purchase agreement with Altius Resources Inc. ("Altius"), a wholly owned subsidiary of Altius Minerals Corporation (TSX: ALS), to acquire a 100% interest in the Hermitage Property in southern Newfoundland (the "Acquisition").  The Hermitage Property is comprised of three (3) map-staked licenses containing 607 claims covering 15,175 hectares (151.75 km 2 ) (the "Hermitage Property Claims").  The Hermitage Property Claims are contiguous with the Company's Golden Baie project and bring the total claims in the area to 77,350 hectares (774 km 2 ) (Figures 1 & 2).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Zodiac Gold Terminates Exclusivity Agreement with Mable and Fable Limited to Pursue Multiple Strategic Opportunities and Announces Up To C$500,000 Shareholder-Led Private Placement

Zodiac Gold Terminates Exclusivity Agreement with Mable and Fable Limited to Pursue Multiple Strategic Opportunities and Announces Up To C$500,000 Shareholder-Led Private Placement

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, announces that it has terminated the exclusivity agreement previously entered into with Mable and Fable Limited ("MFL") on September 26, 2024, due to MFL's failure to satisfy their funding obligations under the agreement.

By terminating the exclusivity agreement, the Company is now free to pursue multiple strategic opportunities (including partnerships, joint ventures and financings) that have emerged since the announcement of its recent iron ore discovery. Following that announcement, Zodiac Gold has received substantial interest from multiple parties regarding these high-potential assets. The Company intends to evaluate these opportunities with a view towards identifying how to best leverage its iron ore assets in one or more transactions that will maximize shareholder value. In parallel, Zodiac Gold intends to continue to build on the exploration success of its recently completed Alasala and Arthington drilling programs at its Todi Project.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
PROSPECT RIDGE CONFIRMS LARGE MINERALIZED SYSTEM AT COPPER RIDGE ZONE OF KNAUSS CREEK PROPERTY IN BRITISH COLUMBIA, CANADA

PROSPECT RIDGE CONFIRMS LARGE MINERALIZED SYSTEM AT COPPER RIDGE ZONE OF KNAUSS CREEK PROPERTY IN BRITISH COLUMBIA, CANADA

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce the results of its drilling campaign at the Copper Ridge Zone (" Copper Ridge ") of its wholly-owned Knauss Creek property located approximately 35 kilometres (km) northeast of Terrace, British Columbia .

Drill Program Highlights

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Element79 Announces Closing of First Tranche of Non-Brokered Private Placement

Element79 Announces Closing of First Tranche of Non-Brokered Private Placement

(TheNewswire)

Element79 Gold Corp.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Riverside Resources Announces the Launch of Blue Jay Resources and Its Ontario Gold Project Portfolio

Riverside Resources Announces the Launch of Blue Jay Resources and Its Ontario Gold Project Portfolio

Intention to Spinout Blue Jay in 2025

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company"), is pleased to announce the completed transfer of its three key Ontario gold properties: Pichette, Oakes, and Duc to its wholly-owned subsidiary, Blue Jay Resources Inc ("Blue Jay"). This move lays the groundwork for Riverside's strategic plan to advance its Ontario portfolio by establishing Blue Jay as a standalone exploration company. Blue Jay can fully focus on the exploration, discovery, and value-creation potential that these assets deserve. This structure provides Riverside shareholders with exposure to potential gains, while also paving the way for capital investment aimed at unlocking value in these properties.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Grande Portage Announces First Closing of Non-Brokered Private Placement -- Pursuant to the Listed Issuer Financing Exemption

Grande Portage Announces First Closing of Non-Brokered Private Placement -- Pursuant to the Listed Issuer Financing Exemption

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") is pleased to announce that it has completed a first closing of its non-brokered private placement previously announced on October 30, 2024 for the sale of 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Offering is being carried out pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption (the "LIFE Exemption") to purchasers resident in Canada, and in jurisdictions outside of Canada in compliance with the applicable securities laws of those jurisdictions. The Company has an offering document (the "Offering Document") related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com. Except for one US accredited investor, all other investors participating in the first closing subscribed for Units under the LIFE Exemption, and the Units issued pursuant to the LIFE Exemption are not subject to any statutory hold period in Canada. However, the Units issued to the US accredited investor are subject to Rule 144 resale restrictions under applicable US securities laws and will bear a legend to that effect

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Two New Reduced Intrusive  Targets, Totalling Four, Identified at Tombstone Belt, Yukon - Gold Orogen, New Spin Co of Lode Gold

Two New Reduced Intrusive Targets, Totalling Four, Identified at Tombstone Belt, Yukon - Gold Orogen, New Spin Co of Lode Gold

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to announce the results of our ongoing interpretation of data collected during the summer 2024 QMAGT survey.

Importantly, two additional RIRGS targets "Stingray" and "Camp" have been defined on the Golden Culvert property as a direct result of incorporating the new geophysical data with existing geochemical datasets. These new targets complement the RIRGS targets already identified (a total of four highly prospective RIRGS targets, namely "Border", "Steelhead", "Stingray" and "Camp") by Gold Orogen, subsidiary of Lode Gold, on its nearby WIN property.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×