Precious Metals


Skarb Exploration Corp. (CSE:SKRB) (CNSX:SKRB.CN) (" Skarb " or the " Company ") announces the results of the Annual General Meeting held on November 19 th 2020 and is pleased to report that mining industry veteran, Eric Zaunscherb, has agreed to join the board of directors

AGM Results

All the motions presented to the shareholders were approved.

Of note:

  • - The Company intends to rename the company, Outback Goldfields Corp., and expects a corresponding trading symbol change

    - The Company adopted a new 10% rolling Stock Option plan

    - The Company intends to complete a 3 for 1 share consolidation at the earliest opportunity

    - The Company intends to change its incorporation jurisdiction to British Columbia from Ontario immediately

Marco Jacuta did not stand for re-election as a director of the Company and Roman Dykun resigned as Corporate Secretary. Both Mr. Jacuta and Mr. Dykun have been involved with the company since 2018. The Company would like to thank both Mr. Jacuta and Mr. Dykun for their valuable service and wish them well with their future pursuits.

At the board of directors meeting immediately following the AGM, the Company appointed Eric Zaunscherb to the board of directors and Jennifer Hanson as Corporate Secretary.

" Eric Zaunscherb is well known and respected within the mining industry and I am extremely pleased that he has agreed to join our board. Eric's capital market experience and technical knowledge will be a tremendous asset as we start to build out and explore our properties in the goldfields of Fosterville." stated Chris Donaldson, CEO and Director. " I am also very pleased that Jen Hanson has agreed to act as our Corporate Secretary. Ms. Hanson's skills and tremendous work ethic are invaluable and were fully appreciated during our most recent non-brokered financing ."

About Eric Zaunscherb

Eric Zaunscherb is a Canadian geologist with over thirty-four years, and six cycles, of experience as a mining analyst. He currently sits on the Boards of Directors and committees of several Canadian-listed public companies. He most recently served as Managing Director, Research - Metals & Mining Analyst at Canaccord Genuity where he co-ordinated the firm's global mining equity research team. He has enjoyed working in Toronto, Vancouver, and London, experiencing best practices in capital markets at several leading firms and conducting hundreds of exploration, development, and mining project site visits globally. He embraces new technologies and industry initiatives in diversity and sustainability, ensuring that local communities receive lasting benefits from mineral resource development.

About Jennifer Hanson.

Ms. Hanson has been involved with the Company since its inception in early 2018 and has over 20 years of corporate finance, accounting and regulatory experience in several industries. Her appointment is a reflection of the dedication and service excellence Ms. Hanson has brought to Skarb since it was founded.

About Skarb Exploration Corp.

Skarb Exploration, soon to be re-named Outback Goldfields Corp . (subject to customary approvals), is a well financed mining exploration company, led by an experienced team, that has entered into an agreement to acquire a package of highly prospective gold projects located around the Fosterville Gold mine in Victoria, Australia, from Petratherm Ltd. (ASX: PTR).

The goldfields of Fosterville are home to some of the highest grade and lowest cost mining operations in the world.

On behalf of the Company,


Chris Donaldson, CEO and Director

Corporate Enquiries:


Investor Relations Enquiries:

Tel: +1.778.999.4653

Email: OBG@mars


This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed Transaction; the terms and conditions of the proposed Private Placement; use of proceeds from the Private Placement; and the business and operations of the Company after the proposed Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold and copper; and the results of current exploration. 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.

Completion of the Transaction is subject to a number of conditions. The Transaction cannot close unless such conditions are satisfied or waived. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the listing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

The Canadian Securities Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.

Copyright (c) 2020 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

outback goldfields asx

Outback Goldfields

Keep reading...Show less
Challenger Exploration

Several 500 Metre Intersections Continue To Extend CEL's Gold Discoveries In Colorado V And Indicate Significant Scale

Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce results from Phase 1 drilling targeting the CV-A and CV-B Au-Ag-Cu soil anomalies in the Colorado V concession ("Colorado V", the "Project") in El Oro Province, Ecuador. The results build on the first five CV-A and CV-B drill holes, all of which intersected over 450 metres of mineralisation, and confirm two Au-Cu-Ag-Mo discoveries of significance in Colorado V. Three of five drill holes reported in this release intersected over 500 metres of, and ended in, mineralisation.

Keep reading...Show less
federal reserve press conference

Why Does the US Federal Reserve Hike Interest Rates? (Updated 2022)

The US Federal Reserve, inflation and interest rates have consistently made headlines in recent months.

Recovery from the COVID-19 pandemic has unleashed demand across industries, while global supply chains have been hampered by factors like Russia's war in Ukraine and continued lockdowns in China due to the country's zero-COVID policy.

This global supply and demand imbalance has led to rising prices for a wide range of consumer products, from gas to groceries. The result has been a loss in purchasing power for US consumers as their dollar needs to stretch further.

Keep reading...Show less

NOVAGOLD Reports Third Quarter 2022 Financial Results

Advancing Donlin Gold to Prepare the Project for the Next Phase of Development; Robust Treasury of $132 Million in Cash and Term Deposits, with $25 Million of Receivables in 2023

  • The 42,334-meter drill program is wrapping-up for the year. The joint release issued by NOVAGOLD, Barrick and Donlin Gold on July 28, 2022 reported further encouraging assays, with more high-grade gold intercepts that demonstrated good grade continuity. Additional results will be issued in the coming weeks.
  • With Donlin Gold's largest budget in over a decade, our focus is on the path forward, subject to Donlin Gold LLC Board approval, toward the preparation of an updated feasibility study. To this end, the drill program is providing the data for the geologic modelling and interpretation work for the updated resource model while we engage in engineering studies, as well as pursue our comprehensive environmental and community relations activities.
  • NOVAGOLD's strong cash position of $132 million as of August 31, 2022, with additional funds of $25 million due in July 2023 from Newmont Corporation, should be sufficient to advance Donlin Gold to a construction decision.

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or "the Company") (NYSE American, TSX: NG) today released its 2022 third quarter financial results and an update on its Tier One 1 gold development project, Donlin Gold, which NOVAGOLD owns equally with Barrick Gold Corporation ("Barrick").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Wheaton Precious Metals to Release 2022 Third Quarter Results on November 3, 2022


 Wheaton Precious Metals™ Corp. will release its 2022 third quarter results on Thursday, November 3, 2022 after market close.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Yamana Gold Provides Notice of Third Quarter 2022 Results and Notice of Meeting and Record Date for the Proposed Transaction With Gold Fields

YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or "the Company") announces that it will release its operational and financial results for the third quarter of this year after the market closes on Thursday, October 27, 2022. The Company will host a conference call and webcast to review the results on Friday, October 28, 2022 at 9:00 a.m. Eastern Daylight Time.

Yamana further announces that it has filed the required notice setting a record and meeting dates in respect of the special meeting of shareholders to consider the previously announced proposed transaction with Gold Fields Limited ("Gold Fields"). The record date, which is the date of record for determination of shareholders entitled to receive notice of and vote at the special meeting of shareholders, is set as October 18, 2022 and the special meeting of shareholders will be convened on November 21, 2022. The Company had been advised that the Gold Fields shareholder meeting will be convened the day after on November 22, 2022.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Aben Resources Options Hit Property, Yukon Territory

Aben Resources Options Hit Property, Yukon Territory

Aben Resources Ltd. (TSX-V: A B N ) (OTCQB: A B NAF ) (Frankfurt: E2 L 2 ) ("Aben" or "the Company") is pleased to announce that the Company has entered into an option agreement (the " Agreement ") with Rackla Metals Inc. ("Rackla") whereby the Company has granted Rackla the option to acquire a 100% interest in the Hit Property, which consists of 24 mineral claims, located in the Yukon Territory, Canada (the " Property ").

Under the terms of the Agreement, Rackla may acquire a 100% interest in the Property by completing the following:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News