Outback Goldfields Virtually Opens the Market

Outback Goldfields Virtually Opens the Market

Chris Donaldson, Chief Executive Officer, Outback Goldfields Corp. ("Outback" or the "Company") (TSXV: OZ:CA) and his team joined Monica Hamm Manager, Client Success, TMX Group, to celebrate the Company's new listing on TSX Venture Exchange and open the market.


Outback Goldfields is led by an experienced group of mining professionals focused on exploring for high grade gold on four highly prospective properties in the historic Victorian Goldfields of Australia. The Company is in the midst of its maiden exploration program and intends to drill on three of the four properties in 2022. The Victorian Goldfields, which has produced over 80Moz gold historically, is experiencing a modern-day gold rush and is home to some of the highest grade and lowest cost mining in the world. Outback is part of the Inventa Capital group of companies.

For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. To pick up the feed via the Dejero network, please contact avservices@tmx.com . The client feature video will begin playing on the TMX media wall at approximately 9:27 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET

Date: Friday January 7 , 2022

Time: 9:00am - 9:30am

Place: Virtually Broadcast

SOURCE TSX Venture Exchange

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2022/07/c4100.html

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OUTBACK ANNOUNCES ACQUISITION OF FINNISH GOLD PROJECT PORTFOLIO FROM S2 RESOURCES AND CONCURRENT $5 MILLION FINANCING

OUTBACK ANNOUNCES ACQUISITION OF FINNISH GOLD PROJECT PORTFOLIO FROM S2 RESOURCES AND CONCURRENT $5 MILLION FINANCING

TSX.V: OZ | OTCQB: OZBKF | FSE: S600

Outback Goldfields Corp . (the " Company " or " Outback ") (TSXV: OZ) (OTCQB: OZBKF) is pleased to announce that it has entered into a letter of intent dated February 16, 2024 (the Letter of Intent ") with S2 Resources Ltd. (" S2 ") to acquire all of S2's highly prospective portfolio of gold projects in Finland (the " S2 Finnish Projects "), by way of an acquisition (the " Transaction ") of S2's wholly-owned Finnish subsidiary, Sakumpu Exploration Oy (the " S2 Subsidiary "). On March 1, 2024 Outback notified S2 that it was satisfied with the results of its due diligence investigation, and the parties are now committed to proceeding with the Transaction subject to the terms and conditions set out in the Letter of Intent. Depending on the price and size of the Offering (as defined below), the Transaction may constitute a "Reverse Takeover" of Outback in accordance with Policy 5.2 Changes of Business and Reverse Takeover s of the TSX Venture Exchange (the " TSXV ").

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Outback Goldfields Corp . (the " Company " or " Outback ") (TSXV: OZ) (OTCQB: OZBKF) is pleased to provide an update on exploration activities across its Glenfine project in the heart of the Victorian goldfields of Australia .

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( TSX.V: OZ, OTCQB: OZBKF, FSE: S600)

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Outback Goldfields Corp . (the " Company " or " Outback ") (TSXV: OZ) (OTCQB: OZBKF) is pleased to provide results from its reconnaissance-style air-core drill program at its Yeungroon gold project (" Yeungroon " or the " Project "), central Victoria, Australia .

Highlights
  • Defined multiple broad corridors of elevated arsenic across the tenement :
    • Numerous north-west trending zones of strong arsenic anomalism from top-of-bedrock samples parallel to the Golden Jacket corridor have been defined northeast of the Golden Jacket mine.
    • A strongly anomalous and open zone of high-arsenic, locally coincident with prominent north-trending structural features, has been defined north of the unexplored Moondyne target area.
    • Arsenic is a well established pathfinder element for high-grade gold mineralization across the Victorian Goldfields.
  • Strongly anomalous gold values returned from multiple top-of-bed rock samples:
    • Anomalous gold results from air-core holes collared over 800 metres along trend to the south of historical Golden Jacket mine suggest significant potential of the structure along strike.
    • A broad zone of anomalous gold and arsenic from top-of-bedrock samples located over 1.4 kilometres north-east of the Golden Jacket mine define a new high-priority target area that is open for expansion.
    • Deeper diamond drilling at both target areas is warranted to test for high-grade, structurally controlled quartz reefs associated with the anomalous top-of-bedrock air-core samples.

"We are excited to update our shareholders on our exploration progress so far at our highly prospective Yeungroon gold project," commented Chris Donaldson , CEO . "The results of our multi-rig drill program to date suggest that the historical Golden Jacket and Moondyne workings are not isolated targets but appear to be part of a much larger gold system. Anomalous gold assays have been identified for up to 800 metres south along strike of the Golden Jacket mine, and a new zone of gold mineralization was discovered 1.5 kilometres to the northeast of the mine. More significant is the identification of a new target zone on the western side of the tenement, near the Moondyne reef-hosted gold target.

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