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The Canadian Securities Exchange ("CSE" or "the Exchange") today announced market statistics for March 2024.
March 2024 Operating Statistics
Galloper Gold (CSE:BOOM) is advancing the exploration of a blue-sky asset in Newfoundland, Canada. The flagship Glover Island project is highly prospective and one of the most significant assets in the region, with a known historical gold resource now surrounded by Galloper’s claims. Galloper Gold’s claims cover most of Glover Island. Despite encouraging geology, the project has received minimal exploration, allowing Galloper Gold to leverage modern exploration technologies to discover new gold deposits.
With Newfoundland now undergoing a “gold rush”, Galloper Gold is at the forefront with its promising Glover Island and Mint Pond projects. In addition, new high-grade gold discoveries have continually attracted miners and investors to the region.
Galloper Gold is backed by an experienced management team with a proven track record of success throughout the natural resources industry, giving the company the right people in place to capitalize on its blue-sky landholding.
Company Highlights
- Galloper Gold is an exploration and development mining company focused on advancing its highly prospective Newfoundland asset.
- Newfoundland has experienced renewed interest in its gold deposits as prices have skyrocketed in recent years.
- Galloper Gold is positioned to capitalize on the growing gold price with its significant blue-sky land holding.
- Galloper Gold commissioned an NI-43-101 technical report to validate its own data, prepare for public listing, and assist in moving towards its maiden diamond drill program at Glover Island. The report recommends proceeding with the company’s 2024 drill campaign.
- An experienced management team with a history of success leads the company towards fully exploring and developing its blue-sky asset.
This Galloper Gold profile is part of a paid investor education campaign.*
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Galloper Gold
Overview
With just 30 million shares outstanding and a strong treasury to begin its CSE journey, management believes Galloper Gold (CSE:BOOM) is very favorably positioned to unlock the full mineral potential of Newfoundland's under-explored Glover Island at a time of record high gold prices and a bullish copper environment.
Glover Island is in a diverse and rich geological region highlighted by a world class salt deposit to the southwest, one of the richest VMS districts (Buchans mine) per square kilometer in Canadian history to the east-southeast, and a multi-million ounce gold deposit (Valentine Lake) going into production next year (Calibre Mining) to the southeast.
Galloper believes in a high level of community engagement, not only where it's active with exploration in Newfoundland but also around the rest of the country where the company assists sports organizations and sports-based charities that make a positive difference in the lives of Canadian youth.
Company Highlights
- Galloper Gold listed on the CSE March 1, 2024, and is focused on advancing its flagship Glover Island asset in western Newfoundland.
- Glover Island is in a highly favorable geological setting, at the convergence of major fault zones, where there's a known historic gold resource that was defined by dozens of drill holes more than a decade ago.
- Galloper's 133 sq. km land package completely surrounds this historic zone and continues along a northeast trend for 36 km, providing investors with leverage to a potential new large-scale gold discovery as the gold bull market intensifies.
- Driven by a management and technical team with successful exploration and production backgrounds, and supported by capital markets expertise, Galloper's "outside the box" thinking helps make the company a unique player in an increasingly selective junior resource sector.
Key Project
Glover Island: Project Quick Facts
Daniel Fernandes checks out with power infrastructure on Glover Island with Galloper CEO Mark Scott.
Location: 24 km SE of Corner Brook.
Size: 133 square kilometer property package extends approximately 36 kms along a northeast trend (up to 6 kms wide) and completely surrounds province-held claims highlighted by historic gold zone.
Geological Setting: In very favorable terrain along the regional Baie-Verte Brompton Line-Cabot Fault Zone, a major boundary between the Humber and Dunnage Zones.
Targeted Deposit Types: Structurally controlled orogenic gold as well as copper-gold-enriched VMS.
Scale Potential: Initial Galloper soil sampling, structural setting and multiple historic showings outline a minimum 7.5-km-long trend featuring favorable host rocks extending north from the province-held historic gold zone. Broad areas of Galloper’s property also exhibit encouraging VMS alteration which adds to Glover Island’s economic potential.
Exploration History: No systematic property-wide exploration program has been carried out on Galloper’s claims due in part to extensive overburden, though this “cover” is known to be relatively thin. The last major operator on the island focused mostly on the historic gold zone (claims now held by the government of Newfoundland and Labrador) from 2010 until early 2012, when work stopped at the onset of the gold bear market. Little exploration activity has occurred on Glover Island since then, until Galloper’s arrival in 2022. Historically, copper values as high as 4.7 percent have been returned from unexplained massive sulphide boulders in the northern part of the island.
The Keystone and Lucky Smoke Showings on Galloper’s claims, located 6 km northeast of the historic gold zone, gave encouraging values from very limited historic drilling while channel sampling by the Newfoundland Geological Survey in 2021 returned 5.9 g/t gold over 9 meters at Lucky Smoke. From limited exploration, a total of 17 mineral occurrences on Galloper’s claims have been documented by the Newfoundland & Labrador Geological Survey’s Mineral Occurrence Data System.
Management Team
Mark Scott - Chief Executive Officer and Director
Mark Scott became Galloper Gold's founding CEO in 2022. As head of Manitoba Operations for Vale Canada's Nickel Division through 2018, he managed a combined OPEX and CAPEX budget of greater than $500 million (USD) including a workforce of approximately 1,875. He has more than 25 years' experience in all phases of surface and underground mining, metallurgical processing, and associated service and support functions.
Rav Mlait - Corporate Secretary and Director
Rav Mlait has extensive experience in managing and raising capital for public and private companies in both the resource and technology sectors. He holds an MBA from Royal Roads University in British Columbia with a specialization in Executive Management and his BA (Economics) from Simon Fraser University. He brings a successful public company background to Galloper as it launches on the CSE.
Bryan Loree - Chief Financial Officer and Director
Bryan Loree has held senior accounting roles for public and private companies in various industries including renewable energy, exploration, and construction. Prior to entering the accounting field, he gained experience as an investor relations manager. He holds a certified accountant designation, a financial management diploma from the British Columbia Institute of Technology, and a BA from Simon Fraser University.
Peter Lauder - Director
Peter Lauder is a senior level mine and exploration geologist with more than 20 years' experience with the likes of Goldcorp, IAMGOLD and BHP Canada in the design, implementation and management of underground and surface exploration projects. He has managed all aspects of mining and exploration projects from early to advanced stage, to full production with emphasis on safety and process-driven exploration leading to successful resource estimation and project development.
Danielle Fernandes - Corporate Communications
Danielle Fernandes is an entrepreneur, philanthropist, activist, speaker and writer, working with clients ranging from large corporations to non-profits. Her diverse background includes sports marketing stints in the NHL, WHL and CFL. She is passionate about plant-based diets and animal advocacy, supporting various charities across Canada.
Canadian Securities Exchange Reports March 2024 Performance Figures
- Trading volume of CSE listed securities totaled 1.1 billion shares;
- Trading value of CSE listed securities was $376 million;
- CSE issuers completed 91 financings that raised an aggregate $103 million; and
- The CSE welcomed listings from three new companies, including one fundamental change of an existing issuer, bringing total listed securities to 806 as at March 31, 2024.
"March was the Canadian Securities Exchange's strongest month so far this year for trading and financing activity," said Richard Carleton, CEO of the CSE. "This activity highlights new investor interest in the gold sector, driven by record price increases in the underlying commodity. In the meantime, we continue to be impressed by the resiliency of the small-cap investment community as they continue to deal with challenging conditions in the market."
What's On at the CSE
April has been a very busy month for conferences, with the CSE recently attending the Benzinga Cannabis Capital Conference in South Florida, the 36th Annual ROTH Conference in California, the KEG Conference & Trade Show in Kamloops, BC, and the annual Security Traders Association of New York (STANY) conference at the New York Stock Exchange. The team was pleased to connect with issuers and investors and meet with a broad range of public market participants.
The CSE is attending and sponsoring the latest Planet MicroCap Showcase conference, taking place in Las Vegas on April 30-May 2. It attracts leading microcap investors and companies and provides a series of company presentations, panels and one-on-one meetings. Anna Serin, the CSE's Director of Listings Development for Western Canada/United States and Vancouver Branch Lead, will be speaking on a panel on April 30 titled "Optimizing Your Public Company Requirements in 2024" and will discuss alternatives for reducing costs, raising capital, managing liquidity and more.
New Listings in March 2024
Galloper Gold Corp. (BOOM)
Rua Gold Inc. (RUA) - Fundamental Change
Golden Rapture Mining Corporation (GLDR)
About the Canadian Securities Exchange:
The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.
Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision.
The CSE offers global investors access to an innovative collection of growing and mature companies.
STAY CONNECTED WITH THE CSE
=============================
Website: https://thecse.com/
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Contact:
Richard Carleton, CEO
416-367-7360
richard.carleton@thecse.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/205876
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Canadian Securities Exchange Welcomes Listing of Galloper Gold Corp
The Canadian Securities Exchange ("CSE" or "the Exchange") today welcomed the listing of Galloper Gold Corp. The company's common shares began trading on the CSE earlier today under the symbol BOOM.
A Vancouver-based resource company, Galloper is focused on prospective gold and base metals projects at Glover Island and Mint Pond, both of which are located in Newfoundland, one of the world's premier mining jurisdictions. Led by a team with successful exploration and production backgrounds, initial drilling is planned for 2024.
"Newfoundland has a distinguished history of mining exploration and development by exciting junior companies," said James Black, the CSE's Vice President, Listings Development. "We are pleased to welcome BOOM, a company that exemplifies the entrepreneurial spirit that the CSE is committed to support."
About the Canadian Securities Exchange:
The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.
Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision.
The CSE offers global investors access to an innovative collection of growing and mature companies.
STAY CONNECTED WITH THE CSE
=============================
Website: https://thecse.com/
Blog: https://blog.thecse.com/
CSE TV on YouTube: https://www.youtube.com/csetv
CSE's "The Exchange for Entrepreneurs™" Podcast: https://blog.thecse.com/category/cse-podcast/
Linkedin: https://ca.linkedin.com/company/canadian-securities-exchange
Twitter: https://twitter.com/CSE_News
Instagram: https://www.instagram.com/canadianexchange/
Facebook: https://www.facebook.com/CanadianSecuritiesExchange/
Contact:
Richard Carleton, CEO
416-367-7360
richard.carleton@thecse.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/200101
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Galloper Gold Corp. Announces Listing and Trading of Its Common Shares on the Canadian Securities Exchange
Galloper Gold Corp. (CSE:BOOM) (the "Company" or "Galloper"), a corporation involved in mineral exploration in Newfoundland, is pleased to announce that the Company's common shares are approved for listing on the Canadian Securities Exchange (the "CSE") effective March 1, 2024 (the "Listing Date") and will commence trading on the CSE at the market open on the Listing Date under the symbol "BOOM
On January 30, 2024, Galloper was issued a receipt (the "Receipt") for its final long-form prospectus dated January 25, 2024 (the "Prospectus"), which is available under the Company's profile on SEDAR+ at www.sedarplus.ca.
As of the Listing Date, Galloper has 30,309,052 shares outstanding and 2,583,334 warrants outstanding, with each warrant being convertible into one share at an exercise price of $0.15 until November 1, 2024. An aggregate of 1,533,335 shares and 433,334 warrants are subject to escrow restrictions pursuant to National Policy 46-201 whereby 10% are released on the Listing Date and an additional 15% will be released on the dates that are 6, 12, 18, 24, 30 and 36 months after the Listing Date.
Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its Glover Island and Mint Pond properties, each prospective for gold and base metals. The Glover Island Property consists of 532 mining claims totaling 13,300 hectares, while Mint Pond consists of 499 claims totaling 12,475 hectares.
For more information please visit www.GalloperGold.comand the Company's profile on SEDAR+ at www.sedarplus.ca.
ON BEHALF OF THE BOARD
"Mark Scott"
Mark Scott
Chief Executive Officer
For further information, please contact:
Email: info@gallopergold.com
Telephone: 778-655-9266
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements in this news release include, but are not limited to, statements regarding the trading of the Shares on the CSE, the exploration of the Company's Glover Island and Mint Pond properties, and the Company's plans for development of its business. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company, including the risks that the Shares may not become listed on the CSE and that the Company's business may not develop as set out in this news release. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Galloper Gold Corp.
View the original press release on accesswire.com
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AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS
Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") today announced that, at the annual and special meeting of shareholders held on April 26, 2024 (the "Meeting"), the eleven candidates listed in the management information circular dated March 22, 2024 were duly elected as directors of Agnico Eagle.
Detailed results of the vote are set out below:
Nominee | Votes For | Votes | Total Votes | Percentage | Percentage |
Leona Aglukkaq | 345,810,574 | 7,905,702 | 353,716,276 | 97.76 % | 2.24 % |
Ammar Al-Joundi | 348,633,995 | 5,082,282 | 353,716,277 | 98.56 % | 1.44 % |
Sean Boyd | 327,124,554 | 26,591,722 | 353,716,276 | 92.48 % | 7.52 % |
Martine A. Celej | 344,447,452 | 9,268,675 | 353,716,127 | 97.38 % | 2.62 % |
Jonathan Gill | 351,510,623 | 2,205,653 | 353,716,276 | 99.38 % | 0.62 % |
Peter Grosskopf | 342,297,960 | 11,418,166 | 353,716,126 | 96.77 % | 3.23 % |
Elizabeth Lewis- Gray | 351,584,844 | 2,131,281 | 353,716,125 | 99.40 % | 0.60 % |
Deborah McCombe | 351,059,706 | 2,656,571 | 353,716,277 | 99.25 % | 0.75 % |
Jeffrey Parr | 343,875,954 | 9,840,322 | 353,716,276 | 97.22 % | 2.78 % |
J. Merfyn Roberts | 340,576,908 | 13,139,368 | 353,716,276 | 96.29 % | 3.71 % |
Jamie C. Sokalsky | 343,002,463 | 10,713,813 | 353,716,276 | 96.97 % | 3.03 % |
Biographical information on all directors is available at www.agnicoeagle.com .
About Agnico Eagle
Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia , Finland and Mexico . It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States . Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
View original content: https://www.prnewswire.com/news-releases/agnico-eagle-announces-election-of-directors-302129096.html
SOURCE Agnico Eagle Mines Limited
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AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS
Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") today announced that, at the annual and special meeting of shareholders held on April 26, 2024 (the "Meeting"), the eleven candidates listed in the management information circular dated March 22, 2024 were duly elected as directors of Agnico Eagle.
Detailed results of the vote are set out below:
Nominee | Votes For | Votes | Total Votes | Percentage | Percentage |
Leona Aglukkaq | 345,810,574 | 7,905,702 | 353,716,276 | 97.76 % | 2.24 % |
Ammar Al-Joundi | 348,633,995 | 5,082,282 | 353,716,277 | 98.56 % | 1.44 % |
Sean Boyd | 327,124,554 | 26,591,722 | 353,716,276 | 92.48 % | 7.52 % |
Martine A. Celej | 344,447,452 | 9,268,675 | 353,716,127 | 97.38 % | 2.62 % |
Jonathan Gill | 351,510,623 | 2,205,653 | 353,716,276 | 99.38 % | 0.62 % |
Peter Grosskopf | 342,297,960 | 11,418,166 | 353,716,126 | 96.77 % | 3.23 % |
Elizabeth Lewis- Gray | 351,584,844 | 2,131,281 | 353,716,125 | 99.40 % | 0.60 % |
Deborah McCombe | 351,059,706 | 2,656,571 | 353,716,277 | 99.25 % | 0.75 % |
Jeffrey Parr | 343,875,954 | 9,840,322 | 353,716,276 | 97.22 % | 2.78 % |
J. Merfyn Roberts | 340,576,908 | 13,139,368 | 353,716,276 | 96.29 % | 3.71 % |
Jamie C. Sokalsky | 343,002,463 | 10,713,813 | 353,716,276 | 96.97 % | 3.03 % |
Biographical information on all directors is available at www.agnicoeagle.com .
About Agnico Eagle
Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia , Finland and Mexico . It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States . Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
View original content: https://www.prnewswire.com/news-releases/agnico-eagle-announces-election-of-directors-302129096.html
SOURCE Agnico Eagle Mines Limited
View original content: http://www.newswire.ca/en/releases/archive/April2024/26/c4022.html
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Falco Resources: Canadian Explorer in the Rouyn-Noranda Mining Camp
Falco Resources (TSXV:FPC) focuses on developing gold and base metal projects in the Rouyn-Noranda region of Quebec, an established mining camp with a long history of exploration and development. The camp has historically produced 19 million ounces (Moz) of gold and 2.9 billion pounds (Blbs) of copper, and yet it is still under-explored for gold.
Falcon’s principal property, Horne 5 project, holds 67,000 acres or nearly 67 percent of the total area of the entire mining camp and is located under the former Horne mine which produced 11.6 Moz of gold and 2.5 Blbs of copper. The 2021 feasibility study on the Horne 5 project suggests strong project economics with a total mine life of 15 years, after-tax NPV at 5 percent of US$761 million, and a payback period of 4.8 years, assuming gold prices at $1,600/oz. At the current gold prices of over $2,300/oz, the project economics will be even better.
Falco Resources operating license and indemnity agreement (OLIA) with Glencore Canada will enable Falco to utilize a portion of Glencore's lands. The agreement entails establishing a technical committee comprising two representatives from Glencore and two from Falco, tasked with safeguarding the uninterrupted operations of Glencore’s Horne copper smelter. Additionally, a parallel strategic committee will be formed. Glencore will nominate one representative to join Falco's board of directors.
The successful completion of the OLIA, coupled with life-of-mine copper-zinc concentrate offtake agreements with Glencore, positions Falco to advance its Horne 5 project towards construction. The company is advancing with the permitting and financing processes for the project.
Company Highlights
- Falco Resources is a Canadian explorer of base and precious metals focused on developing its mineral properties in the Rouyn-Noranda region in Quebec, Canada.
- The company holds 67,000 acres of mining claims in the Rouyn-Noranda mining camp, accounting for nearly 67 percent of the entire mining camp.
- Rouyn-Noranda has a long history of mining and exploration. The area has established infrastructure and has been host to 50 former producers, including 20 base metal mines and 30 gold mines.
- Falco’s principal asset is the Horne 5 project which is a gold project with significant base metal by-products. It is located under the former Horne Mine which produced 11.6 Moz of gold and 2.5 billion pounds of copper.
- The Horne 5 is a world-class deposit containing 7.6 Moz gold equivalent in measured and indicated resources and 1.7 Moz gold equivalent in inferred resources.
- The Horne 5 project represents a robust, high-margin, 15-year underground mining project with attractive economics. The 2021 feasibility study indicates after-tax NPV at 5 percent of US$761 million and after-tax IRR of 18.9 percent.
- The operating lease and indemnity agreement (OLIA) with Glencore coupled with EIA admissibility receipt from the government body positions Falco to advance its Horne 5 project towards construction.
This Falco Resources profile is part of a paid investor education campaign.*
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March 2024 Quarterly Report
HIGHLIGHTS
Mandilla Gold Project – near Kalgoorlie, WA
- Assays results reported for the final three holes of the six-hole/1,832 metre Theia diamond drilling (DD) program completed during November 1.
- The Theia DD program was targeting extensional and in-fill mineralisation at the Theia deposit.
- Planning underway for further drilling programs and commencement of Mandilla Pre-Feasibility Study.
Feysville Gold Project – near Kalgoorlie, WA
- Assay results reported for the three-hole/495 metre DD program completed at the Kamperman prospect during the previous Quarter 2.
- A total of 4,924 metres of drilling completed during the Quarter, inclusive of:
- oA 67-hole/2,248 metre regional air-core (AC) Program on prospecting licences P26/4351-4353;
- oA three-hole/217 metre slimline reverse circulation (RC) program at the Kamperman Prospect; and
- oA 19-hole/2,459 metre RC program at the Kamperman Prospect.
- Assay results from the AC Program and slimline RC Program reported during the Quarter 3.
- Assay results from the Kamperman RC Program reported during and subsequent to the end of the Quarter 4, 5.
Corporate
- Cash of approximately $0.62 million as at 31 March 2024.
- Mr Mark Connelly elected Chair following the resignation of Mr Leigh Warnick as Director.
- Share placement of 140 million shares at $0.05 per share to raise $7 million (before costs) announced on 28 March 2024 (Placement), with funds received after Quarter’s end.
- Directors of the Company subscribed for an additional 2.1 million shares at $0.05 per share, subject to the approval of shareholders at a meeting to be held on 20 May 2024 (Director Participation Shares).
- Astral is now well-funded to pursue its various exploration programs and commence the Mandilla Pre-Feasibility Study.
Figure 1 – Project Location Map
MANDILLA GOLD PROJECT
The Mandilla Gold Project (Mandilla) is situated in the northern Widgiemooltha greenstone belt, approximately 70 kilometres south of the significant mining centre of Kalgoorlie, Western Australia (Figure 1).
Mandilla is covered by existing Mining Leases which are not subject to any third-party royalties other than the standard WA Government gold royalty.
The Mandilla Gold Project includes the Theia, Iris, Eos and Hestia deposits.
Gold mineralisation at Theia and Iris is comprised of structurally controlled quartz vein arrays and hydrothermal alteration close to the western margin of the Emu Rocks Granite and locally in contact with sediments of the Spargoville Group.
Click here for the full ASX Release
This article includes content from Astral Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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