(TheNewswire)
 | |||||||||
 |  |  | |||||||
JZR Gold Inc. (TSXV:JZR) (OTC:JZRIF) (the " Company " or " JZR ") is pleased to announce that it intends to undertake a non-brokered private placement offering (the " Offering ") of up to 5,000,000 units (each, a " Unit ") at a price of $0.20 per Unit, to raise aggregate gross proceeds of up to $1,000,000. Each Unit will be comprised of one common share (each, a " Share ") and one share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder to acquire one additional common share (each, a " Warrant Share ") in the capital of the Company at an exercise price of $0.30 per Warrant Share for a period of nine (9) months after the closing of the Offering
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
| |||||||||
| | | |||||||
October 30, 2023 TheNewswire - Vancouver, British Columbia, Canada JZR Gold Inc. (the " Company " or " JZR ") ( TSXV:JZR ) is pleased to announce that it has completed its previously announced non-brokered private placement (the " Offering "), as described in its news releases dated October 2 and October 23, 2023, pursuant to which it has issued an aggregate of 4,000,000 units (each, a " Unit ") at a price of $0.20 per Unit for gross proceeds of $800.000. Each Unit consists of one common share in the capital of the Company (each, a " Share ") and one common share purchase warrant (each, a " Warrant "). Each Warrant is exercisable into one additional Share (a " Warrant Share ") at a price of $0.40 per Warrant Share for a period of two (2) years from the date of issuance. The Units, Shares, Warrants, Finder's Warrants and Warrants Shares are collectively referred to as the "Securities". The Securities will be subject to a hold period of four months and one day from the date of issuance.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
| |||||||||
| | | |||||||
JZR Gold Inc. (TSXV:JZR) (OTC:JZRIF) (the " Company " or " JZR ") is pleased to announce that further to its news release of October 2, 2023, the Company has agreed to increase the size of its non-brokered private placement offering (the " Offering ") of units (each, a " Unit ") at a price of $0.20 per Unit to total gross proceeds of up to $800,000 due to increased demand. Each Unit consists of one common share of the Company and one share purchase warrant, which entitles the holder thereof to purchase one additional common share of the Company (each, a " Warrant Share ") at a price of $0.40 per Warrant Share for a period of two years after the closing of the Offering
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
| |||||||||
| | | |||||||
JZR Gold Inc. (TSXV:JZR) (OTC:JZRIF) (the " Company " or " JZR ") is pleased to announce that it intends to undertake a non-brokered private placement offering (the " Offering ") of up to 3,000,000 units (each, a " Unit ") at a price of $0.20 per Unit, to raise aggregate gross proceeds of up to $600,000. Each Unit will be comprised of one common share (each, a " Share ") and one share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder to acquire one additional common share (each, a " Warrant Share ") of the Company at an exercise price of $0.40 per Warrant Share for a period of two (2) years after the closing of the Offering
News Provided by TheNewsWire via QuoteMedia
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").
Each of the Loans bears interest at a rate of 12% per annum, compounded annually, and have a maturity date which is the earlier of one year from the effective date of the applicable loan agreement and the date the Lender demands repayment of the applicable Loan.
As security for the aggregate principal amount of the Loans and the Company's performance under each loan agreement, the Company and the Lender entered into a share pledge agreement. Pursuant to the share pledge agreement, the Company pledged to the Lender all of the issued and outstanding common shares of NV Gold Corporation (USA), Inc. (the "NV Gold USA"), a wholly-owned subsidiary of the Company, which holds the Company's mineral projects and lease agreements in the United States.
Multilateral Instrument 61-101
The issuance of the Loans and entering into of the share pledge agreement are each a "related party transaction" under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101") as the Lender is an insider of the Company. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(f) of MI 61-101 on the basis that the transactions did not exceed 25% of the fair market value of the Company's market capitalization and the Loans are on reasonable commercial terms that are not less advantageous to the Company than if the Loans were obtained from a person dealing at arm's length with the Company. The Company did not file a material change report more than 21 days before the entering into of the share pledge agreement as the terms of the share pledge agreement were not settled until shortly prior to execution and the Company and the parties wished to close the share pledge agreement on an expedited basis for sound business reasons.
Stock Option Grant
Effective April 19, 2024 the Company granted an aggregate of 420,000 stock options to certain directors, officers and employees of the Company at a price of $0.29 per share for a period of five years. The options are subject to regulatory approval and are granted under the Company's stock option plan.
About NV Gold Corporation
NV Gold owns 100% interest in 21 mineral exploration projects in Nevada, USA, comprising 639 mining claims totalling 53.4 square kilometers (20.6 square miles). The Company is based in Vancouver, British Columbia, and is focused on delivering value through mineral discoveries in Nevada. Leveraging its expansive property portfolio, its highly experienced in-house technical team, its extensive geological data library, and the recent increase in the price of gold, 2024 is expected to be highly productive for NV Gold.
On behalf of the Board of Directors,
John Watson, President, Chairman, CEO and Director
For further information, visit the Company's website at www.nvgoldcorp.com or contact:
Freeform Communications at 604.245.0054
Neither the 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 news release.
SOURCE: NV Gold Corporation
News Provided by ACCESSWIRE via QuoteMedia
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 .
Pactolus
RUA GOLD's forthcoming near-mine drilling program
RUA GOLD plans to commence with 5 targets in the Murray Creek area as the first step in a comprehensive drilling campaign that will test targets in Murray Creek, Crushington, Capleston and Caledonian historic districts. These historic mines collectively produced ~700 koz at 25.2 g/t within a radius of ~20 kilometers. Three of the targets are highlighted:
Murray Creek Target 1: Down-dip extension of mine shoot:
Records show mining stopped by faulting, evidence of continuation at depth. Recent surface rock chips include 56.2, 48.0, 33.3, g/t Au , including some striking visible gold (Figure 3). Trenching of the lode on surface includes 3m @ 31.7 g/t Au incl. 2m @ 47.1 g/t Au .
Murray Creek Target 2: Near mine structural offset:
Targeting potential offset of Inglewood Mine group to the east, rock chips include 35.1, 34.5, and 27.8 g/t Au.
Murray Creek Target 3: Down-dip extension of mine shoot :
Records show mining ceased at 200 meters, yet this was the largest deposit in the Inglewood group.
Robert Eckford , CEO commented: "We are pleased to see consistent mineralization in the drilling from the Pactolus vein and see the potential for exciting new opportunities developing from the historic mine drill targets in the forthcoming near-mine program. Our team will continue drilling RUA GOLD's Reefton properties as our 2,500 meter drill program for 2024 rolls out. With the exceptional geology of the Reefton project and the highly experienced operating team on the ground, I am excited by the potential in this historic but under-explored high grade orogenic gold district".
More information can be found at the Company's website: www.ruagold.com .
Pactolus Summary
The recent 6-hole drill program (DD_PAC_035-040) has tested under the three trenches along the north-south trend of system. Trenching results over four outcrops at Pactolus illustrated in Figure 2 returned the following:
7m @ 13.75 g/t Au (including 1m @ 34.6 g/t Au, 1m @32 g/t Au) *
5m @ 8.1 g/t Au (including 1m @ 14.9 g/t Au)
5m @ 12.2 g/t Au (including 1m @ 17.1 g/t Au)
4m @ 6.9 g/t Au (including 1m @ 16.1 g/t Au)
*(Reported NI 43 101: Technical Report on the Reefton Project, New Zealand )
Four of the six drill holes intersected the targeted mineralized structure. Initial assay results for DD_PAC_35, 36, and 37 returned:
Table 1: Significant intercepts for 2024 drilling, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.
Hole ID | From (m) | To (m) | Interval (m) | Au (ppm) | Including |
DD_PAC_035 | 71 | 73 | 2 | 5.13 | 1m @ 8.44 g/t Au |
DD_PAC_036 | 60 | 62 | 2 | 3.61 | 1m @ 4.92 g/t Au |
DD_PAC_037 returned no significant intercepts.
Preliminary results and observations confirm the Pactolus system extends south for 550m and is well mineralized on surface, but determining the plunge and tenor of the ore shoots is proving challenging. A further update is anticipated when results from the remaining drill holes are received in 4-6 weeks.
Table 2: Significant intercepts for Pactolus drilling, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) |
DD_PAC_001 | 132.5 | 135 | 2.5 | 4.75* |
DD_PAC_002 | 133 | 138 | 5 | 6.52* |
DD_PAC_004 | 183 | 195 | 12 | 9.72* |
DD_PAC_005 | 218 | 223 | 5 | 2.24* |
DD_PAC_005 | 256 | 260 | 4 | 3.95* |
DD_PAC_007 | 214 | 227 | 13 | 1.62* |
DD_PAC_009 | 219 | 221 | 2 | 4.40* |
DD_PAC_010 | 221 | 225 | 4 | 2.69* |
DD_PAC_015 | 76 | 81 | 5 | 3.13* |
DD_PAC_018 | 58 | 60 | 2 | 3.11* |
DD_PAC_022 | 54 | 56 | 2 | 8.20* |
DD_PAC_025 | 33 | 35 | 2 | 3.53* |
DD_PAC_035 | 71 | 73 | 2 | 5.13 |
DD_PAC_036 | 60 | 62 | 2 | 3.61 |
Overview of the Reefton Region
The Reefton Goldfields presents as a classic orogenic style gold deposit, with historic mining recovering high-grade gold in plunging gold bearing quartz reefs. RUA GOLD's systematic exploration has highlighted the potential for the rejuvenation of this district in renewed opportunities in the vicinity of historic high-grade gold deposits.
Historic Mine Evaluation, Proposed Drilling
RUA GOLD has completed a comprehensive evaluation of the historic mines on the Company's tenements in the Reefton Goldfield which produced ~700 koz at 25.2 g/t (see Appendix 2). 3D computer modelling of the geology, structure, and historical mine lodes, was completed as a precursor to drill testing of priority targets. Likely targets include testing down-dip and potential duplicate structures in the vicinity of the historic mines.
RUA GOLD plans to commence with 5 targets in the Murray Creek area as follows.
Murray Creek Target 1: Down-dip extension of mine shoot
Records show Inglewood mine stopped by faulting, evidence of continuation at depth. Recent surface rock chips include 56.2, 48.0, 33.3, 30.3, g/t Au, including some striking visible gold (see insert). Soil samples are up to 113 ppb Au. Trenching of the lode on surface includes:
MC_C03 3m @ 31.7 g/t Au (including 2m @ 47.1g/t Au )
MC_C04 12m @ 6.4 g/t Au (including 1m @ 63.9 g/t Au)
Murray Creek Target 2: Near mine structural offset
Targeting potential offset of Inglewood Mine group to the east, illustrated in ultra-detail magnetic data, coinciding with Au-As soil anomaly and mapped quartz veins. Rock chips along the jog include 35.1, 34.5, and 27.8 g/t Au from brecciated, highly sulfidic quartz samples. Soil geochemistry (max 172ppb gold) envelopes gold anomalism over the target area.
Trenching in the vicinity of the structural offset included:
MCCRAE05 3m @ 1.7 g/t Au
MC_C06 2m @ 2.9 g/t Au
Murray Creek Target 3: Down-dip extension of mine shoot
Records show mining ceased at 200m yet this was the largest lode in the Inglewood group. Historical records describe the ore directly associated with a dolerite dyke. Accurate mapping of the dyke (UAV magnetics) and 3D structural mapping show significant potential for continuation at depth.
Murray Creek Target 4: 250m north extensions of historic workings
RUA GOLD's mapping has delineated quartz and pug faulting along a syncline hinge that coincides with the north striking Perseverance historical workings. Rock samples returned 11-16.4 g/t Au, soil geochemical samples up to 195ppb Au envelope a north trending zone paralleling the Ajax-Golden Fleece historical mines.
Ajax Target 1: Potential jog/structural complexity
A jog in the magnetic and strong structural complexity show there may be an offset between the Golden Fleece mine group and Venus, very prominent soil gold geochemistry highlights surface expression of this target.
Grant of Deferred Share Units
The Company also announces that it has granted an aggregate of 875,476 deferred share units (" DSUs ") to the directors of the Company at a deemed price of $0.175 per DSU. The DSUs were granted in consideration for services provided by the directors for February 28 to March 31 , 2024. The DSUs were granted under the Company's Deferred Share Unit Plan adopted on April 17 , 2024. Each DSU entitles the holder to receive one share of the Company at the time the holder ceases to be a director of the Company.
About RUA GOLD
RUA GOLD (RUA.CSE) is a new entrant to the mining industry, specializing in gold exploration and discovery in New Zealand . With permits that have a rich history dating back to the gold rush in the late 1800's, RUA GOLD combines traditional prospecting practices with modern technologies to uncover and capitalize on valuable gold deposits.
The Company is committed to responsible and sustainable exploration, which is evident in its professional planning and execution. The Company aims to minimize its environmental impact and to execute on its projects with key stakeholders in mind. RUA GOLD has a highly skilled team of New Zealand professionals who possess extensive knowledge and experience in geology, geochemistry, and geophysical exploration technology.
For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca .
Technical Information
Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has verified the data disclosed, including sampling, analytical, and test data underlying the information in the technical disclosure herein.
QAQC Soil Samples
A bulk sample of ~0.5–1 kg was collected in the field and taken back to RGL's office for preparation. Samples were dried in a customized incubator, set at 38°C, for a minimum of two days. Once the samples were fully dried, they were sieved to
A 50–100-g fine-sieved ( Brisbane for Au-TL43 analysis. The analysis consisted of 25-g sample digestion by aqua regia, followed by trace Au analysis by ICP-MS. The detection limit for Au by this method is 1 ppb. Approximately 5% of the samples were analyzed for a full multi-element suite using a 4-acid digest and ICP-MS finish.
ALS Brisbane is independent to RUA GOLD .
QAQC Drilling
The majority of drillholes were sampled in full, typically following 1-m sample intervals unless geological contacts (i.e. dolerite intrusions) dictated otherwise. NQ core was analyzed as whole core; therefore, only requiring cutting along sample intervals. PQ and HQ core were sampled as half core.
Drill core samples were sent to SGS Westport for sample preparation. Core was crushed to 75% passing 2 mm, and 1-kg split of material was pulverized (to 85% passing 75 µm). No split duplicates were collected during the crushing steps. Two scoops were taken from the pulverize bowl: one for laboratory analysis (~150 g) and the other for pXRF analysis (~100 g). The pulp reject is stored in Reefton.
Pulverized drill core samples were analyzed by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505). The detection limit for Au by this method is 0.01 ppm. As part of SGS' internal quality control, SGS conducted repeat analyses, also at a rate of ~5%.
Thirteen 3-g samples were also analyzed by screen fire assay (FAS30K) at SGS Waihi to establish the presence of nuggetty Au. Samples were screened to 75 µm.
Website: www.RUAGOLD.com
Cautionary Note Regarding Forward Looking Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects; and the Company's expected receipt of permits or other regulatory approvals. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia - Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavourable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's CSE Form 2A – Listing Statement filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.
Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Appendix 1: Full list of significant intercepts from the Pactolus drilling program.
Table 3: Significant intercepts for Pactolus program, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.
Hole ID | From | To | Interval | Au (ppm) |
DD_PAC_001 | 132.5 | 135 | 2.5 | 4.75 |
DD_PAC_002 | 133 | 138 | 5 | 6.52 |
DD_PAC_004 | 183 | 195 | 12 | 9.72 |
DD_PAC_005 | 218 | 223 | 5 | 2.24 |
DD_PAC_005 | 256 | 260 | 4 | 3.95 |
DD_PAC_007 | 214 | 227 | 13 | 1.62 |
DD_PAC_007 | 244 | 246 | 2 | 1.71 |
DD_PAC_009 | 219 | 221 | 2 | 4.40 |
DD_PAC_010 | 221 | 225 | 4 | 2.69 |
DD_PAC_015 | 76 | 81 | 5 | 3.13 |
DD_PAC_016 | 41 | 43 | 2 | 2.77 |
DD_PAC_018 | 43 | 46 | 3 | 2.75 |
DD_PAC_018 | 58 | 60 | 2 | 3.11 |
DD_PAC_022 | 54 | 56 | 2 | 8.20 |
DD_PAC_025 | 33 | 35 | 2 | 3.53 |
DD_PAC_035 | 71 | 73 | 2 | 5.13 |
DD_PAC_036 | 60 | 62 | 2 | 3.61 |
(Up to DD_PAC_025 reported in NI 43 101: Technical Report on the Reefton Project, New Zealand )
Appendix 2: Historic production from mining in the Reefton Goldfields.
Shear Group | Mine Lode | Total Production (Au oz) | Recovered Grade (g/t) |
Italian Gully | Golden Arch-Italian Gully-Tripoli | 1,093.1 | 31.8 |
Capleston | Welcome-Hopeful | 88,620.3 | 61.4 |
Fiery Cross | 27,955.1 | 34.8 | |
Just in Time | 17,171.7 | 38.8 | |
Reform-Imperial-South Hopeful | 1,070.6 | 19.6 | |
Lone Star | 1,09.3 | 13.9 | |
Murray Creek | Inglewood-North Star, Phoenix, Victoria | 33,877.2 | 19.9 |
Golden Treasure-Comstock | 5,697.1 | 18.5 | |
Band of Hope | 25.7 | 2.0 | |
Perseverance | 19.3 | 10.4 | |
Westland | 61.1 | 23.4 | |
Ajax | Golden Fleece - Ajax Royal | 89,629.9 | 20.4 |
Venus | 7,041.0 | 19.8 | |
Crushington | Dauntless, Energetic-Wealth of Nations-Eclipse-Independent-Vulcan | 208,970.2 | 14.2 |
Heather Bell | 9.6 | 4.9 | |
Golden Ledge | 1,138.1 | 9.2 | |
Keep-it-Dark | 182,597.0 | 17.0 | |
Hercules-Nil Desperandum | 6,809.5 | 16.5 | |
No. 2 South Keep it Dark - Pandora | 6,687.4 | 21.5 | |
Specimen Hill | Specimen Hill | 1,205.7 | 16.3 |
Pactolus | 498.3 | 141.3 | |
Lady of the Lake | 3.2 | 9.8 | |
Argus | 90.0 | 33.6 | |
Larry Creek | Caledonian | 1,160.6 | 25.3 |
Larry's No. 1 | |||
No. 2 South Larry's | 4,128.2 | 16.8 | |
Kirwans Hill | Newhaven, Earl Brassey, Mark Twain, Lord Brassey | 11,011.6 | 15.2 |
Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield.
Appendix 3: Locations and information on drill holes and trenches at Pactolus.
Table 5: Drill hole locations and hole details. Coordinates in NZTM2000; DD: Diamond drill hole, TR: Trench.
Hole ID | Easting | Northing | Depth | Azimuth | Dip |
DD_PAC_001 | 1512924 | 5341019 | 224 | 257 | -50 |
DD_PAC_002 | 1512924 | 5341019 | 204.4 | 280 | -45 |
DD_PAC_003 | 1512924 | 5341019 | 305.4 | 279 | -71 |
DD_PAC_004 | 1512924 | 5341019 | 225 | 213 | -52 |
DD_PAC_005 | 1512925 | 5341019 | 305.6 | 213 | -70 |
DD_PAC_006 | 1512924 | 5341020 | 189.7 | 304 | -42 |
DD_PAC_007 | 1512924 | 5341020 | 299 | 201 | -43 |
DD_PAC_007A | 1512924 | 5341020 | 37.5 | 202 | -42 |
DD_PAC_008 | 1513028 | 5340787 | 312.3 | 297 | -42 |
DD_PAC_009 | 1513028 | 5340787 | 284.6 | 268 | -50 |
DD_PAC_010 | 1513028 | 5340787 | 330.2 | 230 | -60 |
DD_PAC_011 | 1512924 | 5341019 | 178.95 | 224 | -41 |
DD_PAC_014 | 1512867 | 5340988 | 44.95 | 250 | -60 |
DD_PAC_015 | 1512867 | 5340988 | 89 | 250 | -70 |
DD_PAC_016 | 1512867 | 5340988 | 63.7 | 250 | -45 |
DD_PAC_017 | 1512863 | 5340958 | 75.6 | 250 | -45 |
DD_PAC_018 | 1512863 | 5340958 | 81.9 | 250 | -60 |
DD_PAC_019 | 1512863 | 5340958 | 92.3 | 250 | -70 |
DD_PAC_020 | 1512878 | 5340924 | 96.7 | 250 | -55 |
DD_PAC_021 | 1512878 | 5340924 | 100 | 250 | -70 |
DD_PAC_022 | 1512833 | 5341082 | 87.3 | 250 | -55 |
DD_PAC_023 | 1512833 | 5341082 | 107.7 | 250 | -70 |
DD_PAC_024 | 1512833 | 5341082 | 85.9 | 250 | -45 |
DD_PAC_025 | 1512843 | 5341036 | 91.2 | 250 | -55 |
DD_PAC_026 | 1512843 | 5341036 | 106.3 | 250 | -70 |
TR_PAC_001 | 1512827 | 5340994 | 7 | 358 | 0 |
TR_PAC_004 | 1512826 | 5340896 | 4 | 5 | 0 |
TR_PAC_005 | 1512827 | 5340896 | 5 | 5 | 0 |
TR_PAC_006 | 1512820 | 5340859 | 5 | 5 | 0 |
TR_PAC_008 | 1512831 | 5340552 | 5 | 5 | 0 |
DD_PAC_035 | 1512893 | 5340880 | 118.5 | 264 | -47 |
DD_PAC_036 | 1512893 | 5340880 | 191.8 | 292 | -57 |
DD_PAC_037 | 1512893 | 5340880 | 254.1 | 219 | -65 |
DD_PAC_038 | 1512871 | 5340729 | 115 | 265 | -65 |
DD_PAC_039 | 1512871 | 5340729 | 138.1 | 338.9 | -57.5 |
DD_PAC_040 | 1512887 | 5340639 | 154.1 | 225 | -55 |
SOURCE Rua Gold Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/19/c2677.html
News Provided by Canada Newswire via QuoteMedia
(TheNewswire)
 | |||||||||
| |  | |||||||
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.
News Provided by TheNewsWire via QuoteMedia
The Canadian Securities Exchange ("CSE" or "the Exchange") today announced market statistics for March 2024.
March 2024 Operating Statistics
"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/
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/205876
News Provided by Newsfile via QuoteMedia
Freegold Ventures Limited (TSX: FVL) (OCTQX: FGOVF) ("Freegold" or the "Company") is pleased to report results from the final two holes of the 2023 drill program. The 2023 drill results will be incorporated into an updated mineral resource estimate ("MRE"), which is anticipated to be released later this quarter.
The drilling conducted in 2023 successfully demonstrated the potential for immediate expansion towards the west, with potentially higher grades. It is important to note that the Golden Summit already has a significant gold resource. However, the potential for higher grades at shallower depths to the immediate west is substantial and could significantly alter the overall project economics. Therefore, we are confident that targeting shallower, higher-grade mineralization before undertaking economic studies will unlock even greater value in this project. Drilling is expected to commence shortly.
Hole GS2337 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 | AZIMUTH | Dip | DEPTH (M) | FROM (M) | TO (M) | INTERVAL | 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 | 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 |
The Tolovana vein swam lies within the three clear and immediate extensional geochemical trends identified: two south-southwest flanking trends and a clear east-west trend. The 2024 drill program will focus on exploring these identified trends.
2023 Drilling Demonstrated:
Metallurgical work remains ongoing, and further metallurgical test work will be completed during the 2024 program to enhance the Golden Summit Project's overall economics.
A plan map showing the locations of the reported holes and the Section for GS2337 can be found here:
https://freegoldventures.com/site/assets/files/6287/gs2337-section.pdf
https://freegoldventures.com/site/assets/files/6287/gs-plan-04172024.pdf
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.
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.
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
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/17/c6186.html
News Provided by Canada Newswire via QuoteMedia
