Gold

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce results for six holes recently drilled on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 5050 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator.

The Thomas Ogden Zone (TOG) was the main focus of the drill program, totalling 2,076 meters. By means of oriented core, the program's emphasis was to further define the orientation of high-grade cross cutting veins and mineralization, as well as determining true orientations of contacts, fold structures and faults within a very complex sequence of stratigraphy. Three of the six holes drilled had visible gold.

Highlights of the drilling include:

TOG 21-065A which returned a downhole intercept of 9.2 grammes per ton (g/t) gold (Au) over 4.47 meters (m). This hole was drilled approximately 325 meters east of hole TOG-13-025 which returned 210.19 g/t Au over 12.53 m (See MEK news release dated 22 May 2013).

Clusters of visible gold were observed in TOG 21-065A between 350.62 and 352.25m. Specks and blebs of gold vary in coarseness between

To view pamphlet for TOG 21-065A click on link provided below.

https://www.metalscreek.com/press-release

The zone is characterized as a strongly (silica/albite/iron carbonate) altered felsite unit. Very-fine to fine-grained disseminated cubic pyrite is the dominant sulfide and occurs throughout the altered matrix as well as locally within white quartz-carbonate veinlets. Chalcopyrite is locally present at both the upper and lower contacts to this gold bearing interval.

Holes TOG 21-66,67,68 and 69 targeted the near surface portion of the TOG fold structure further defining the orientation of cross cutting gold bearing quartz veins and the geometry of the fold limbs. Holes TOG 21-64 and 65A targeted flat lying quartz bearing structures and zones of albitization and silicification within the lowermost portion of the TOG fold structure resulting in the identification of gold mineralization within cross cutting quartz stringers and associated silicification within highly altered TOG stratigraphy. Future drilling will continue to target the down plunge extension of Thomas Ogden fold structure as well as further evaluating the encouraging results from hole 65A.

Table of significant results follow:

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Table 1

To view an enhanced version of Table 1, please visit:
https://orders.newsfilecorp.com/files/943/111273_metals%20creek%20table.jpg.

Drill intercepts are core lengths and true width will be approximately 70 to 80% of drill intercept length.

All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method.

Drilling has been paused while the company awaits the completion and interpretation of the deep section Induced Polarization (IP) program. Once this data is received, information collected from the Spatiotemporal Geochemical Hydrocarbon (SGH) soil sampling, oriented core and deep section IP will be combined to generate new drill targets. Drilling is anticipated to resume in approximately 3 weeks.

Drill hole locations are provided in the map below.

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Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/943/111273_d8279d9154b198b6_124full.jpg.

Michael MacIsaac, P. Geo and VP Exploration for the Company and a Qualified Person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release.

About Metals Creek Resources Corp. 

Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont, including the past producing Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). In addition, Metals Creek has signed an agreement with Newmont, under which Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Mining District of Ontario.

Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedar.com.

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 release.

Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com
www.MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111273

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MEK:CA
Metals Creek Resources

Metals Creek Resources

Overview

It’s been 125 years since George Carmack found himself in Yukon, Canada, after a failed attempt to capitalize on the reported gold strikes in Alaska. What started as a lucky discovery of a few gold nuggets in a creek bed ended up becoming one of the last great gold rushes in North America.

Gold mining in Canada occupies a rich and vital place in the country’s history. Mineralization of the precious metal exists throughout its landscape, including Ontario, Newfoundland and Labrador and Yukon Territory. Over the 70 years following Carmack’s discovery, Yukon would yield over C$250 million in gold. Even with that much already found, these historical discoveries are only scratching the surface.

Metals Creek Resources (TSXV:MEK) is a Canada-based mineral acquisition and development company focused on exploring future mining opportunities throughout Canada. The company is currently operating world-class properties in Ontario, Yukon Territory and Newfoundland and Labrador. The mining and investor-friendly jurisdictions and rich resource histories of these properties primes Metal Creek Resources for significant high-grade discovery and yield.

The company has two key projects in operation: its Dona Lake gold project and Ogden gold project in Ontario. Metal Creek’s flagship projects are well-positioned for advanced exploration in collaboration with strategic partners and joint venture agreements.

Metal Creek’s Ontario properties’ biggest attractions are their high grade drill results, location and history of past-producing high-grade gold exploration.

The company has the option to earn 100 percent interest in the Dona Lake gold project. Metals Creek CEO Alexander Stares mentioned projected drill program expansion for Dona Lake when discussing future exploration plans. “We’ll have lots of news coming up. Once we finish drilling, we’ll get everything back compiled into computers. We will go back in late summer and do another drill program.” The company’s current funds and exploration plans have primed it for fast-tracked advancement in the near future.

The Ogden property is hosted in the prolific Timmins gold camp and Pickle Lake area. Metals Creek currently has a 50/50 joint venture with Newmont Corp (TSX:NGT) in the Timmins Camp and strategic positioning as the project operator. A 2013 drilling campaign on the property uncovered 210.19 g/t gold over 12.5 meters.

Metal Creek’s management team combines years of experience in the mineral exploration, geology and financial sectors. The company’s diverse shareholder portfolio and strategic partnerships also position the company for exceptional acquisition opportunities, economic growth and expansive gold mining success.

Company Highlights

  • Metals Creek Resources is a junior exploration company focused on developing past-producing and world-class gold properties in Canada.
  • The company’s flagship projects include the Dona Lake and Thomas Ogden gold projects in Ontario. The company is also operating prospective properties in Newfoundland and Labrador.
  • Drill campaigns have found high grades of gold and silver
  • Metals Creek has created an option agreement with Newmont Corp for potential 100 percent ownership of the Dona Lake project. Additionally, the company has formed a 50/50 Joint Venture Agreement with Newmont for the Ogden gold project in the Timmins Camp.
  • Past-producing gold and mineralization histories prime the company for expansive development plans and potentially high-grade high yield as seen by neighboring projects.
  • Metals Creek intends on advancing drill campaigns to explore project targets and dive deeper into investor and growth opportunities its properties have to offer.

Key Projects

Dona Lake Gold Project

The Dona Lake Gold project is one of Metal Creek’s flagship gold properties, and it is located in the Pickle Lake area of Northern Ontario. The property hosts high-grade gold within its widespread banded iron formation structures and leverages favorable mining conditions.

This project is Metal Creek’s second option agreement with Newmont Corp. The company has the option to earn 100 percent ownership of the projects with the issuing of seven million shares and spending of C$4 million over three years.

The company has already completed a successful drill program for the project. This program’s results have confirmed gold mineralization outside of current mined areas and potentially deeper gold mineralization. Present grades have hovered as high as 8.37g/t gold in all three targets.

Past-producing history on the property indicates the production of 246,500 ounces of gold priced at US$375 an ounce before mine closures in 1994. Metals Creek expects to continue drilling campaigns into depths below current mine workings.

Ogden Gold Project

The Ogden gold property covers 8 kilometers of strike length on the Porcupine-Destor Break in Ogden Township, Ontario. Metals Creek Resources and Newmont have formed a 50/50 Joint Venture Agreement on the property, with Metal Creeks as the operator. The property has the potential to mimic successful gold production levels reaching 17 million ounces of gold as seen by its eastern neighbors.

Ogden hosts six mineralized gold zones and a historic non 43-101 compliant resource of one million tonnes at 4.12 g/t gold. A 2013 drilling campaign uncovered 210.19 g/t gold over 12.5 meters. In 2017, the company reported 4.39 g/t gold grades over 12.45 meters after drilling the target TOG-17-53 on the property.

Exciting discoveries of visible gold in the core have prompted additional investment interests and points to fold structure orientations that could correlate to high-grade gold mineralization. Metals Creek intends to expand drilling to explore this project’s potential further.

Management Team

Alexander Stares — President, CEO & Director

Alexander “Sandy” Stares comes from a family with a long line of prospectors. He has in excess of 25 years experience in mineral exploration, spanning a variety of Canadian geological terranes, from Newfoundland to Yukon. He has also completed several tours prospecting in Indonesia and Mexico. He was instrumental in the discovery of the H-Pond Gold Prospect and the Lost Pond Uranium Prospect. He also discovered numerous major mineral occurrences in Canada and abroad which have been the subject of extensive exploration programs. Sandy assumed the role of President and CEO of Metals Creek Resources Corp.in December of 2007. He is also a Director of Leocor Gold Inc White Metal Resources Corp and a Director of the Qalipu Development Corporation. In February 2013, Sandy was awarded the Queen Elizabeth II Diamond Jubilee Medal for his dedication to his Peers, Community, Canada and the Prospecting Community. He was also one of the recipients of the PDAC “Bill Dennis Prospector of the Year” Award in March 2007, which was awarded to members of the Stares/Keats family. Prior to his exploration career, Mr. Stares served in the Canadian Air Force for 15 years and was awarded the Deputy Commander in Chief of NORAD “Certificate of Achievement” Award for exceptional performance.

Michael MacIsaac P.Geo — VP Exploration

Michael MacIsaac brings to Metals Creek Resources over 33 years of exploration and management experience. He received his B.Sc from Lakehead University and has a Professional Geoscientist (P.Geo) designation from the Association of Professional Geoscientists of Ontario. MacIsaac’s vast experience entails both grassroots and advanced projects across Canada in gold, base metal and PGE environments. His expertise includes base metal exploration with Noranda Exploration in the Geco and Mattabi Mining Camps, gold exploration in the prolific Hemlo and Red lake Gold Camps and PGE exploration for North American Palladium in Northern Finland and Northwestern Ontario.

MacIsaac’s vast background in different metallogenic terranes and exploration techniques will help this young company poised for growth attain its strategic objectives through quality acquisitions and sound exploration.

Wayne Reid P.Geo — VP Corporate Development & Director

Wayne Reid has over 35 years of experience in exploration and mining geology, spanning various Canadian geological terranes, from Newfoundland to Northern BC and Alaska. Reid was instrumental in discovering the Brewery Creek Gold Deposit in the Yukon Territory and the Boundary Massive Sulphide Deposit / Duck Pond Mine in Central Newfoundland. His experience includes gold, base metal and uranium exploration in most geological environments in North America. Reid has over 20 years with the Noranda / Hemlo group in district and regional manager capacity in several areas across Canada. He has over 10 years of experience in the Timmins camp with as a Canadian manager with Echo Bay Mines, and as an exploration manager with St. Andrew Goldfields. Most recently, he was vice president of Exploration for Ucore Uranium.

Nikolaos S. Tsimidis — CFO & Director

Nikolaos S. Tsimidis is an entrepreneur and a specialist in the financial aspects of real estate investments. He graduated with a Bachelor of Commerce from the University of Toronto in 1987. Upon graduation, he spent six years at KPMG in the audit department, providing various client services. In September 1993, Tsimidis left KPMG to set up his own chartered accounting firm, focusing on tax and financial planning. He is the CFO and the principal broker for Union Capital Management Inc and Haven Property Development Inc. Tsimidis has also been intimately involved with mortgage origination and real estate development projects. He is the CFO and a director of Bold Stroke Ventures.

Michael Stares — Director

Michael Stares has been a successful entrepreneur with 50 percent ownership in Stares Contracting Corp., and he is president and CEO of White Metal Resources. Stares’ background comes from over 30 years of prospecting, eight years for Noranda Exploration, having a fantastic track record for new discoveries. Alongside the Stares-Keats family of prospectors, Stares was the honored recipient of the Bill Dennis Prospector of the Year Award at the 2007 PDAC Conference. He currently serves as a Benton Resources Corp director.

Pat Mohan — Director

Pat Mohan is president and CEO of the Mohan Group. Mohan has worked in the marketing, advertising and promotions field for over 20 years. In 1986, he founded The Mohan Group. He has been the driving force behind its growth from a fledgling firm to one of Canada’s fastest-growing and best-respected advertising and marketing companies. Mohan is also a director with Trelawney Mining and Exploration Inc.

Malvin Spooner — Director

Malvin Spooner was the founder, president, CEO and director of Mavrix Fund Management Inc., an award-winning investment management company with mutual and other funds distributed across Canada until acquired in 2009. He has been a portfolio manager for over 25 years in the Canadian financial services industry. He introduced and was responsible for a successful series of tax-advantaged limited partnerships in more recent years, which invested over half a billion dollars in junior mining exploration companies. Spooner has appeared frequently on television and in print media as an investment expert over his entire career and is a widely respected professional.

Lorne Woods — Director

Lorne Woods graduated from Concordia University in 1986 with a BA, majoring in Political Science. He served as a chair, board member, and director for Concordia University Alumni Association. He co-founded Judson Woods back in 1987 with a partner to work with a large group of small mining companies. The company’s principal business started with creating and producing advertising to assist in marketing clients to the investment community. It also specialized in investor relations, promoting its clients’ assets and projects to the financial media and investing public.

Metals Creek Drills 2.64 g/t Gold over 27.90 Meters at Dona Lake

Metals Creek Drills 2.64 g/t Gold over 27.90 Meters at Dona Lake

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce additional diamond drill results for drill hole DL22-027 from the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).

Results from drill hole DL22-027 continue to further define high grade gold mineralization south of the mine workings at the past producing Dona Lake Gold mine. This hole intersected the Main Zone stratigraphy 368 meters below surface and returned a core length intercept of 5.18 grammes per ton(g/t) gold (Au) over 5.33 meters(m) (403.45 - 408.78m). This was a part of a broader zone of mineralization of 2.64 g/t Au over 27.90m (399.95 - 427.85m). (See Table 1 Significant Results, figure 1 Schematic Longitudinal and figure 2 schematic x section). Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to locally disseminated pyrrhotite ranging from 1 to 4% with local pyrite. Magnetite rich sections with local pyrrhotite stringers are also present. Aside from pyrrhotite mineralization, alteration consists of strong hornblende and grunerite with local garnet alteration.

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Metals Creek DL22-025 Returns 14.10 g/t Gold over 3.97 Meters in Deepest Intercept to Date from Dona Lake Drilling

Metals Creek DL22-025 Returns 14.10 g/t Gold over 3.97 Meters in Deepest Intercept to Date from Dona Lake Drilling

  • Deepest Drill Intercept to date extending mineralization an additional 78m below recently reported DL22-024
  • High Grade Intercept of 8.11 g/t Gold over 9.51m including 14.10 g/t Gold over 3.97

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce diamond drill results for drill hole DL22-025 from the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).

Results from drill hole DL22-025 is the deepest intercept to date from Dona Lake drilling. This hole intersected the Main Zone stratigraphy 753 meters below surface and 299 meters below the lowermost mine working (455 Level) returning a core length intercept of 14.10 grammes per ton (g/t) gold (Au) over 3.97 meters (m) (798.35 - 802.32m). This was a part of a broader zone of high-grade mineralization of 8.11 g/t Au over 9.51m (792.81 - 802.32m). (See Table 1 Significant Results and figure 1 Schematic Longitudinal, figure 2 Schematic Section). This hole clearly demonstrates the continuation of the main zone iron formation down plunge. The continued presence of strong to intense alteration with associated strong pyrrhotite mineralization is a further indication the mineralizing system remains very strong at depth and continues to validate the current geological model that gold bearing iron formations can be quite laterally extensive. Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to locally disseminated pyrrhotite ranging from 3 to 25% with local pyrite. Aside from pyrrhotite mineralization, strong to intense alteration consists of strong hornblende, garnet and grunerite with significant overprinting of primary bedding structures. DL22-025 was drilled to test the interpreted center of the plunge line, piercing approximately 78 meters below the previously reported deepest hole DL22-024, which returned a core length intercept of 8.82 g/t Au over 3.90m. This was a part of a broader zone of mineralization of 3.42 g/t Au over 19.61m. (see MEK news release dated 24 March 2022 and Figure 2 Schematic Section DL21-025).

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Metals Creek Receives Deepest Results to Date from Dona Lake Drilling

Metals Creek Receives Deepest Results to Date from Dona Lake Drilling

  • Deepest Drill Intercept to date extending gold mineralization 85m down plunge
  • High Grade Intercept of 8.82 g/t Gold over 3.90m

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce diamond drill results for drill hole DL22-024 from the phase III diamond drill program at the Dona Lake Gold project (See News Release November 08, 2021).

Results from drill hole DL22-024 is the deepest intercept to date from Dona Lake drilling. This hole intersected the Main Zone stratigraphy at approximately 675 meters below surface and 220 meters below the lowermost mine working (455 Level) returning a core length intercept of 8.82 grammes per ton (g/t) gold (Au) over 3.90 meters (m) (723.00 - 726.90m). This was a part of a broader zone of mineralization of 3.42 g/t Au over 19.61m (707.29 - 726.90m). (See Table 1 Significant Results and figure 1 Schematic Longitudinal). This hole demonstrates that the iron formation, with associated alteration, deformation and mineralization continues down plunge, remaining open at depth. Mineralization is hosted within silicate-sulfide iron formation and characterized by stringer to disseminated pyrrhotite ranging from 1 to 15% with local pyrite. Aside from pyrrhotite mineralization, alteration consists of moderate to strong hornblende, garnet and grunerite. DL22-024 was drilled to test the interpreted center of the plunge line, piercing approximately 85 meters below the previously reported deepest hole DL21-016, which intercepted 5.00g/t Au over 3.00m (see MEK news release dated 18 August 2021 and Figure 2 Schematic Section DL21-024).

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Metals Creek Options Squid East in Yukon to Golden Sky Minerals

Metals Creek Options Squid East in Yukon to Golden Sky Minerals

 Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce that the company has signed an option agreement with Golden Sky Minerals Corp. (TSXV: AUEN) (Golden Sky) whereas Golden Sky has the right to earn a 100% interest in the company's Squid East claims in the Yukon.

MEK initially staked the Squid East Property in February, 2011, during the staking rush that ensued after the discovery of the White Gold deposit. The claims are located proximal to the Matson Creek placer gold operations, approximately 80 km northwest of the Goldcorp's Coffee Project and 90 km southwest of Dawson City. Soil sampling, trenching and limited diamond drilling carried out in 2013 resulted in the discovery of a new gold-silver zone with characteristics similar to other discoveries in the White Gold district. Results included 22.0 meters (m) of 1.96 grams per ton (g/t) gold (Au) and 160.6 g/t Silver (Ag) from trenching and 1.55 g/t Au and 114.1 g/t Ag over 21.0 m from the subsequent drilling (see MEK press releases dated August 6, 2013 and October 8, 2013).

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Golden Sky Minerals Corp. Options the Squid East Property in the Matson Creek Placer Camp, Yukon

Golden Sky Minerals Corp. Options the Squid East Property in the Matson Creek Placer Camp, Yukon

Golden Sky Minerals Corp. (TSXV: AUEN.V, OTC:MCREF) (the "Company" or "Golden Sky") is pleased to announce that the company has signed an option agreement with Metals Creek Resources Corp. (TSXV: MEK, OTC: MCREF) whereby Golden Sky has the right to earn a 100% interest in the company's Squid East claims in the Yukon.

Metals Creek Resources Corp (Metals Creek) initially staked the Squid East Property in February 2011, during the staking rush that ensued after the discovery of the White Gold deposit. The claims are located proximal to the Matson Creek placer gold operations, approximately 80 km northwest of Newmont's Coffee Project and 90 km southwest of Dawson City. Soil sampling, trenching and limited diamond drilling carried out in 2013 and 2017 resulted in the discovery of a new gold (Au)-silver (Ag) zone with characteristics similar to other discoveries in the White Gold district. Adding the Squid East Property bolsters Golden Sky's land package in a district known for metallogenically diverse deposit settings including significant porphyry copper-gold-molybdenum (Cu-Au-Mo) systems, Intrusion Related Gold systems (IRGS), and Volcanogenic Massive Sulphide (VMS) systems (Figure 1).

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WHEATON PRECIOUS METALS ANNOUNCES ELECTION OF DIRECTORS AND APPROVAL OF SPECIAL MATTERS - WELCOMES NEW CHAIR AND BOARD MEMBER

TSX | NYSE | LSE: WPM

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") announces that the nominees listed below were elected to the Board of Directors at the 2022 Annual and Special Meeting of Shareholders. Detailed results of the vote for the Board of Directors of the Company are shown below. As previously announced, Mr. Doug Holtby who had served as Chair of Wheaton is retiring and did not stand for reelection, and Mr. George Brack has been appointed the role of Chair of the Board. In addition, Ms. Jaimie Donovan has been elected to the Board.

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bitcoin and gold

Top Stories This Week: Gold Slumps, Bitcoin Crash Spurs "Crypto Winter" Calls

- YouTubeyoutu.be

We're wrapping up what's been yet another bumpy week for gold.

The yellow metal started at around US$1,870 per ounce, but by the time of this writing on Friday (May 13) morning, it had declined to just below the US$1,810 level.

Diverse factors have been at play in the market this week, including major strength in the US dollar, which reached its highest point in 20 years early in the period. The latest Consumer Price Index data was also released — it shows an increase of 0.3 percent month-on-month and an 8.3 percent rise year-on-year.

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Alianza Minerals Private Placement Fully Subscribed

Alianza Minerals Private Placement Fully Subscribed

(TheNewswire)

Alianza Minerals Ltd

Vancouver, BC TheNewswire - May 13, 2022 - Alianza Minerals Ltd. (TSXV:ANZ ) ( OTC:TARSF) (" Alianza " or the " Company ") is pleased to announce the non-brokered private placement of 10 million Units of the Company at a price of $0.075 per Unit for gross proceeds to the Company of up to $750,000 (the " Offering ") is fully subscribed and will be closed shortly.

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Jazz Announces Closing Of First Tranche Of Private Placement Of Units

Jazz Announces Closing Of First Tranche Of Private Placement Of Units

(TheNewswire)

Vancouver, British Columbia, Canada May 13, 2022 TheNewswire - Jazz Resources Inc. ( TSXV:JZR ) (the " Company " or " JZR ") is pleased to announce that it has closed the first portion of its previously announced non-brokered private placement offering (the " Offering ") of units (the " Units ") by issuing 860,250 Units at a price of $0.80 per Unit for gross proceeds of $688,200.  Each Unit is comprised of one common share (a " Share ") in the capital of the Company and one share purchase warrant (a " Warrant ").  Each Warrant shall entitle the holder to acquire one additional common share in the capital of the Company at a price of $1.20 per Share for a period of 12 months after the date of issuance of the Warrants.

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TomaGold starts an induced polarization survey on the southern portion of the Obalski property

TomaGold starts an induced polarization survey on the southern portion of the Obalski property

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce that it has retained the services of Abitibi Geophysics of Val-d'Or to conduct an induced polarization (IP) survey over the southern portion of its 100%-owned Obalski property, located 2 km south of Chibougamau, Quebec. In preparation for the survey, the Corporation has cut an additional 9 km of lines covering the southern portion of the property.

In December 2021, Abitibi Geophysics conducted an IP survey and produced a preliminary report that demonstrated the presence of large geophysical anomalies to the west and south of the Obalski deposit, right at the edge of the survey grid. The same report also indicated that the geophysical coverage was insufficient, leading the Corporation to undertake this new survey and carry out linecutting during the winter of 2021-22.

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Maiden RC Drill Program Commences at Korhogo Project

Maiden RC Drill Program Commences at Korhogo Project

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has commenced a 2,000m maiden RC drilling program at the Korhogo Nord Permit which, with the Ouangolodougou Permit constitute the Korhogo Project1 . The permits collectively cover 296km2 hosting 17km of faulted greenstone granite contact as shown in Figure 1. Both permits are 100% owned by Mako and are readily accessible from the Mako Field Office.

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