Prismo Metals To Resume Drilling at Palos Verdes

Prismo Samples 930 g/t Silver and 10.55 g/t gold at Palos Verdes (2,605 g/t AgEq*)

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to provide an update for its exploration program at the Palos Verdes property located in the Panuco district in Mexico. Following the completion of its third drill campaign with 2,923 meters drilled in 15 holes, and in preparation of the upcoming expanded drill program to be drilled from Vizsla Silver Corp. (TSXV: VZLA) ("Vizsla") concessions adjacent to the Palos Verdes concession, the Company completed an alteration and geochemical study over the Palos Verdes property. This study was recommended by the Joint PrismoVizsla Technical Committee which is comprised of Prismo's CEO Dr. Craig Gibson, Vizsla Silver's VP Exploration Dr. Jesus Velador and Dr. Peter Megaw.

The results of this work indicate the possibility that the mineralized shoot defined by drilling to date on the west side of the property may be truncated and offset downward along a cross fault, and that a second blind mineralized shoot may exist to the northeast along the Palos Verdes vein.

Dr. Craig Gibson, President and CEO of the Company, stated, "The alteration study provides further evidence that our hypothesis for a downward offset of the northeastern portion of the Palos Verdes vein is correct. Our drilling has shown that the large high-grade mineralized shoot identified on the vein terminates abruptly against this northeast structure, indicating that mineralization was cut by it and offset to deeper levels. The deep drilling to be conducted from our Strategic Partner Vizsla Silver's ground is designed in part to explore this concept and will target the Palos Verdes vein at depth. We deeply appreciate our Partner's willingness to allow the drilling from their ground."

"In addition to giving strong indications of where the eastern end of the Palos Verdes vein lies, demonstrating that the NW-trending structure offsets one vein stage, while hosting mineralization and alteration itself is potentially important confirmation of multiple mineralization stages in this part of the district," said Dr. Peter Megaw, Prismo Exploration Advisor. "Finding blind veins is perhaps even more exciting as that mirror several of the discoveries Vizsla Silver, our Joint Exploration Committee partners have made in the western part of the district."

The alteration study was carried out using a field portable Terraspec Halo near-infrared spectrometer to identify mica and clay minerals that make up the wall rock alteration assemblage surrounding the mineralized veins in surface exposures and drill core. Clay minerals typically found at high structural levels in low sulfidation vein systems provide evidence that the northeastern portion of the property has been down-dropped, probably along the northerly trending cross structure previously identified.

A geochemical sampling program focused on narrow and most strongly mineralized portions of the vein was conducted along the exposed strike length of the Palos Verdes vein system. The best sample from this program assayed 930 g/t silver and 10.55 g/t gold with 15.4% zinc and 4.5% lead (2,605 g/t Ag/Eq) over 0.5 meters. Strongly anomalous values of precious metal and indicator elements occur above the mineralized shoot identified during drilling and also along the vein system further to the northeast. This area may indicate the presence of a second blind mineralized shoot that will also be tested by the deep drilling from Vizsla ground.

Table 1. Assay highlights for Palos Verdes sampling program.

Sample	UTM Coordinates WGS84		Length	Au	Ag	Cu	Pb	Zn
	E	N	meters	g/t	g/t	%	%	%
126032	414,003	2,593,429	0.5	0.833	280	-	-	-
126035	414,173	2,593,467	1.0	0.854	174	-	-	-
126036	414,171	2,593,459	1.0	0.152	103	-	-	-
126037	414,188	2,593,470	1.0	5.96	433	-	-	-
126038	414,205	2,593,469	1.0	0.249	75.5	-	-	-
126041	414,093	2,593,387	1.0	0.969	415	-	-	-
126068	413,520	2,593,029	0.5	0.174	103	-	-	-
126072	413,591	2,593,121	0.5	0.184	98.8	-	-	-
126077	413,627	2,593,102	0.5	1.285	326	-	-	-
126079	413,663	2,593,137	0.5	0.331	78.1	-	-	-
126083	413,722	2,593,333	0.5	0.459	65	-	-	-
126085	413,740	2,593,176	0.5	0.203	82.6	0.94	4.55	14.23
126086	413,736	2,593,175	0.5	10.55	930	0.78	4.50	15.40
126088	413,746	2,593,182	0.5	0.073	76.8	0.78	1.14	2.03
126089	413,744	2,593,076	0.5	0.034	24.5	0.22	2.33	3.40
126095	413,734	2,593,145	0.5	1.19	190	-	-	-
517878	413,751	2,593,180	0.5	0.079	61.7	0.32	0.73	11.85
517879	413,742	2,593,180	0.5	0.182	129	0.18	8.22	15.65

The Company completed its third drill campaign last year with 2,923 meters drilled in 15 holes with high grade mineralization encountered in several holes. Assays previously reported from this program include the highest-grade intercept recorded at the project in hole PV-23-25 with 102 g/t gold, 3,100 g/t silver and 0.26% zinc over 0.5 meters, or 11,520 g/t silver equivalent (see News Release of July 27, 2023). The last eight drill holes in the program, PV-23-26 to PV-23-33 were drilled to test the limits of the mineralized shoot in the western portion of the vein at depth and to the east of the NW fault.

Holes PV-23-27 and PV-23-29 to PV-23-33 tested the mineralized shoot to define the limits of mineralization and cut variably mineralized vein material (Table 1). The angle of inclination of several holes was very steep at -75 degrees, and drilling from the Vizsla Silver ground will provide more useful information.

Holes PV-23-26 and PV-23-28 explored to the east of the NW fault and did not cut significant mineralization but provided valuable information for the next holes that need to be drilled deeper from the adjoining Vizsla Silver ground.

2023 Drilling Highlights

PV-23-25:

This hole intersected 11,520 g/t Ag equivalent over 0.5 meters (3,100 g/t Ag, 102 g/t Au and 0.26% Zn)
- This intercept is part of a wider mineralized interval with 4,311 g/t Ag equivalent over 1.35 meters (1157 g/t Ag, 38 g/t Au and 0.1% Zn)

A second interval higher in the hole yielded 512 g/t Ag equivalent over 0.3 meter (384 g/t Ag, 1.36 g/t Au and 0.27% Zn).

PV-23-24:

This hole intercepted 1,234 g/t g/t Ag equivalent over 0.7 meter (60 g/t Ag, 11.9 g/t Au and 3.9% Zn)
- This interval is within a wider 2.6-meter interval with 384 g/t Ag equivalent (32 g/t Ag, 3.3 g/t Au and 1.57% Zn)

A second interval higher in the hole yielded 302 g/t Ag equivalent over 1.2. meters (95 g/t Ag, 1.84 g/t Au and 1.2% Zn).

PV-23-20:

This hole intercepted 189 g/t g/t Ag equivalent over 0.9 meters (58 g/t Ag and 1.58 g/t Au) and is the first mineralized intercept in the northeastern portion of the concession.

PV-23-32:

This hole intersected 450.2 g/t Ag equivalent over 0.3 meters (45 g/t Ag, 0.83 g/t Au, 0.43% Pb, and 0.47% Zn) as part of a larger zone of 2.2 meters with 115 g/t Ag equivalent.
A second interval deeper in the hole yielded 391.5 g/t Ag equivalent over 0.4 meters (17 g/t Ag, 3.56% Pb, 6.03%Zn) within a larger interval of 5.55 meters with 103.8 g/t Ag equivalent.

PV-23-33:

This hole intersected 112.7 g/t Ag equivalent over 0.35 meters (37 g/t Ag, 0.489 g/t Au, 0.36% Pb, and 0.56% Zn)
A second interval deeper in the hole yielded 105.6 g/t Ag equivalent over 0.3 meters (20 g/t Ag, 0.22% Pb, 1.79% Zn).
A third interval contained 382.2 g/t Ag equivalent over 0.45 meters (144 g/t Ag, 0.45% Pb, 5.12% Zn) within a 0.75-meter interval of 253.4 g/t Ag equivalent (95 g/t Ag, 0.31% Pb, 3.39% Zn)

Figure 1. Geologic and drill hole map of the Palos Verdes and adjacent concessions with silver assays from the recent sampling and showing surface projection of the mineralized shoots and the high-level alteration assemblage discussed in the text. Planned deep drill holes from Vizsla Silver ground shown in purple and red color. Broad hachured swath is the northwest-trending structure interpreted to have offset the eastern extension of the vein.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/196931_012a0fd7648fe8be_0002full.jpg

Figure 2. View of subsurface at Palos Verdes, looking northerly, with the Palos Verdes vein projection in red and the high-grade mineralized shoot in magenta, apparently truncated by the NW fault, blue.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/196931_012a0fd7648fe8be_003full.jpg

Table of drill highlights for the previously unreported holes at the Palos Verdes Project

Hole	From (m)	To (m)	Width (m)	Est True width (m)	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)	*Ag eq (g/t)
PV-27	0.90	1.30	0.40	0.10	0.216	107	-	0.02	0.02	126.2

PV-32	109.40	111.60	2.20	1.41	0.16	17.5	0.27	0.92	1.30	115.4
	111.30	111.60	0.30	0.19	0.83	45.0	0.68	4.32	4.67	333.9

	150.10	155.65	5.55	3.57	0.20	20.7	0.16	0.61	1.09	103.8
	155.25	155.65	0.40	0.26	0.04	17	0.21	3.56	6.03	391.5

PV-33	225.65	226.40	0.75	0.26	0.03	94.8	2.28	0.31	3.39	253.4
	225.95	226.40	0.45	0.14	0.04	144	3.65	0.45	5.12	382.2
*Silver equivalent values are calculated using the following metals prices: Au, US$1,750/oz, Ag, $21.24/oz, Pb, $0.97/lb and Zn, $1.34/lb. Cu was not used in the calculation, and metallurgical recoveries were not considered as there is no data available for the Palos Verdes vein. True width estimated from hole inclination and estimated vein dip, where known.

Table of drill hole data for holes not previously released.

Hole	Target	Easting	Northing	Elev	Azim	Incl	Depth (m)
PV-23-26	NW fault	413,807	2,593,082	1,236	10	-45	327.00
PV-23-27	PV vein	413,814	2,593,082	1,226	320	-75	234.00
PV-23-28	NW fault	413,801	2,593,136	1,244	35	-60	117.00
PV-23-29	SW PV gap	413,735	2,593,073	1,216	330	-75	183.00
PV-23-30	SW PV gap	413,707	2,592,990	1,202	330	-50	180.00
PV-23-31	SW PV gap	413,709	2,592,990	1,200	330	-75	246.00
PV-23-32	SW PV gap	413,677	2,592,942	1,211	315	-50	199.50
PV-23-33	SW PV gap	413,678	2,592,938	1,216	330	-75	250.50
Coordinates in UTM WGS84 using handheld Garmin GPS.

QA/QC

Samples taken by Prismo are analyzed by multielement ICP-AES and MS methods internationally recognized analytical service providers. Certified Reference Materials including standard pulps and coarse blank material are inserted in the sample stream at regular intervals. Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and President, CEO and a director of the Company, has reviewed and approved the technical disclosures in this news release.

Video Interview commenting on today's news release:

You can watch our President & CEO and Executive Chairman Alain Lambert discuss today's news at:

https://youtu.be/6n1fWNtNkhU?si=t4axeNJEF3L__qps

About Palos Verdes

The Palos Verdes project is located in the historic Panuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia. The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family located in the eastern part of the district outside of the area of modern exploration. Shallow drilling (www.prismometals.com). This mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.

About Prismo

Prismo (CSE: PRIZ) is mining exploration company focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).

Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube

Prismo Metals Inc.
1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6

Contact:
Craig Gibson, President & Chief Executive Officer craig.gibson@prismometals.com

Jason Frame, Manager of Communications jason.frame@prismometals.com

Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, including without limitation, statements regarding the anticipated content, commencement and exploration program results, the ability to complete future financings, required permitting, exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including CSE acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company's exploration program and on the Company's general business, operations and financial condition, and other risks and uncertainties. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196931

News Provided by Newsfile via QuoteMedia

Prismo Metals PRIZ:CNX CSE:PRIZ Precious Metals Investing

PRIZ:CNX

[Video Enhanced} Prismo Metals raises money, targets 5,000 meter drill program in the heart of Arizona's Copper Belt

(TheNewswire)

Vancouver, BC TheNewswire - June 13, 2024 Global Stocks News On June 11, 2024 Prismo Metals (CSE: PRIZ) (OTCQB: PMOMF) updated the market with three significant announcements .

1. The company has received commitments for a $1.1 million private placement of units at a price of $0.17 per unit.

2. At its Hot Breccia Copper Project (Arizona ), a drilling permit is expected this month. The upcoming exploration program will focus on diamond drilling five holes with an expected depth of 1,000 metres each .

3. At its Palos Verdes Silver Project (Mexico), there is a plan for a two-phase, 10-hole 3,600- meter drill program .

Prismo Metals is a base and precious metals company strategically positioned to benefit from the global transition to green energy (copper & silver) and the dedollarization of international currencies (gold).

Click Image To View Full Size

1. Non-Brokered Private Placement

Prismo received commitments for 6,500,000 units @ $0.17 per Unit for gross proceeds of $1,105,000 expected to be finalized on or around June 18, 2024.

Each Unit comes with a half-warrant. Each whole warrant entitles the holder to purchase one common share or Prismo for two years @ $0.25.

"We are pleased to welcome several new incoming shareholders who will be participating in the Private Placement ," stated Steve Robertson, President of Prismo Metals .

2. Hot Breccia Copper Project

The Hot Breccia property consists of 1,420 hectares, 227 contiguous mining claims located in the world class Arizona Copper Belt between several very well-understood world-class copper mines including Morenci, Ray and Resolution .

"At the Hot Breccia property, we're out in the desert and there's not a lot around except mines and mining towns," Alain Lambert, Prismo CEO told Guy Bennett, CEO of Global Stocks News (GSN). "The two towns in the area, Hayden (pop. 500) and Winkelman (pop. 290) are steeped in the history of Arizona mining. It's a mining friendly community with an experienced workforce."

" The anticipated exploration program at Hot Breccia will focus on diamond drilling five holes with an expected depth of 1,000 metres each , for a program total of 5,000 metres ," state Robertson in the June 11, 2024 press release. "We will soon be drilling a very exciting copper target, located in a favorable jurisdiction."

The Christmas project 4 kilometers north, is a model for Hot Breccia mineralization. It is associated with intermediate intrusive rocks into favorable sedimentary rocks. There are historic drill holes from 70's and early 80's on and near the property.

"The Christmas Mine started production before World War One and operated until 1982, with a small smelter on the property," Robertson told GSN. "It produced 25 million tonnes of 1.5% copper. Christmas is a good indicator of the type of mineralization we are searching for at Hot Breccia."

Click Image To View Full Size

When investors hear "copper" they typically think "Chile" "Australia" or "Peru", but Arizona, USA is a major copper producer.

"If Arizona were a country, it would be the seventh largest producer of copper in the entire world," states the Arizona Mining Association .

There are 10 major copper mines in production in Arizona. About 75% of US copper output comes from The Grand Canyon State.

According to the 2023 Fraser Institute Mining Survey , Arizona is the 7 th best mining jurisdiction on the global investment attractiveness index , which takes into account the impact of both policy factors and mineral endowment .

Chile, by contrast, ranks 60 th on the global investment attractiveness index.

Click Image To View Full Size

The Arizona Copper Belt has attracted some big mining companies.

Freeport-McMoRan (NYSE: FCX) – a $70 billion global resource company headquartered in Arizona operates the Morenci Mine which employs 3,760 workers, with a direct economic impact to the state of $691 million .

The Morenci Mine is a porphyry copper deposit that has oxide, primary and secondary sulfide mineralization.

Prismo's project, Hot Breccia shows many features in common with the neighboring systems of Morenci , Ray and Resolution .

On March 4, 2024 Prismo announced that it is engaging Exploration Technologies from San Diego, California to apply xFlare, their Artificial Intelligence (AI)-Optimized drill planning solution, to the Hot Breccia Project where a number of features suggests well mineralized Arizona-style Copper Porphyry lies at depth.

Prismo ran a ZTEM survey last year that identified a large conductive anomaly directly beneath the breccia outcrops. Prismo expects xFlare's AI technology to zero in on where and at what depth to drill.

"ZTEM gives you a clear window into what's going on at depth," Robertson told GSN. "It's also an economic filter. Small, mildly conductive zones are not going to show up. That's good for us. We're looking for big anomalies."

Click Image To View Full Size

3. At Palos Verdes Silver Project (Mexico), a plan for a two-phase, 10-hole 3,600- meter drill program .

The planned drill holes at Palos Verdes will be drilled from Vizsla Silver Corp (TSXV: VZLA) concessions, adjacent to the Palos Verdes concession and will target the Palos Verdes vein at depth," states PRIZ in the June 11, 2024 PR.

The project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia.

The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein. The mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.

" Immediately following closing of the Private Placement, we will mobilize our drilling crew at our Palos Verdes for our next phase of drilling," stated Craig Gibson, Prismo Co-Founder and Chief Exploration Officer, " These holes will target the Palos Verdes vein at depth."

The Company completed its third drill campaign last year with 2,923 meters drilled in 15 holes with high grade mineralization encountered in several holes.

Assays included hole PV-23-25 with 102 g/t gold , 3,100 g/t silver and 0.26% zinc over 0.5 meters, or 11,520 g/t silver equivalent.

Click Image To View Full Size

Prismo Metals recently gave a presentation at the Deutsche Goldmesse conference in Germany, hosted by Soar Financial Partners.

"The Arizona Copper Belt is one of the most productive copper belts on the face of the planet," Robertson told the conference attendees in Frankfurt. "We're surrounded by world class deposits."

"One hundred kilometers to the east of our property, is Morenci which has a 75-billion-pound copper endowment," continued Robertson, "Forty kilometers to the north is Resolution which has 1.6 billion tons of 1.6% Copper. Morenci and Resolution are important to the thesis driving our exploration objectives at Hot Breccia."

Click Image To View Full Size

The global industrial shift towards renewable energy, electric vehicles, and the burgeoning AI sector has boosted copper's demand outlook.

"Copper is the most compelling trade I have ever seen in my 30-plus years of doing this," stated Carlyle chief strategy officer, Jeff Currie . The price of copper has risen 20% in 2024. Currie expects it to reach $15,000 a ton in the next couple of years, about a 45% gain.

"S&P Global forecasts that copper demand will double, reaching 50 million metric tons by 2035," reports Euro News on May 15, 2024 . "The most significant demands are expected to emanate from the US, China, Europe, and India."

Prismo's Hot Breccia Copper Project in Arizona is designed meet future copper demand.

Disclaimer: Prismo Metals paid GSN CND $1,500 for the research, creation and dissemination of this content.

Contact: guy.bennett@globalstocksnews.com

Full Disclaimer

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Prismo Metals Announces Private Placement, Debt Settlement and Exploration Update

HIGHLIGHTS

Prismo Metals has received commitments for a $1.1 million private placement of units at a price of $0.17 per unit.
Hot Breccia Copper Project (Arizona):
- Permit expected this month.
- Upcoming exploration program to focus on diamond drilling five holes with an expected depth of 1,000 metres each.
Palos Verdes Silver Project (Mexico):
- Planning to drill approximately 3,600 meters in ten holes to be completed in two phases.
- These holes will be drilled from Vizsla Silver Corp. concessions adjacent to the Palos Verdes concession and will target the Palos Verdes vein at depth.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Prismo Metals Strengthens Management Team

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (FSE: 7KU) ("Prismo" or the "Company") is pleased to announce the appointment of Steve Robertson as President of the Company. Mr. Robertson has been a technical advisor to Prismo since January 2023. Alain Lambert, currently the Executive Chairman of the Company will assume the role of CEO.

The board of Prismo believes that this is the right time to add to the management team with the anticipated increasing activity at the Company's exploration projects this year, in particular an upcoming drilling campaign at its Hot Breccia copper prospect located in Arizona.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Prismo Metals Announces Frankfurt Stock Exchange Listing

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (FSE: 7KU) ("Prismo" or the "Company"), is pleased to announce the listing of the Company's common shares on the Frankfurt Stock Exchange ("FSE") under the trading symbol "7KU". Prismo Metals shares are also cross listed on the Canadian Securities Exchange (CSE: PRIZ) and on the OTCQB in the United States (OTCQB: PMOMF).

The Frankfurt Stock Exchange is one of the world's largest international trading centers for securities. Operated by the Deutsche Boerse AG, the FSE is the largest of Germany's seven stock exchanges and is responsible for approximately 90% of all securities traded in Germany. The FSE facilitates advanced electronic trading, settlement and information systems and enables cross-border trading for international investors.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Silver North Announces Closing of Second Tranche of Private Placement

(TheNewswire)

Vancouver, BC, June 28, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that it has closed the second tranche (the " Second Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $175,880. Further to the Company's news release dated June 21, 2024, the Company has raised aggregate gross proceeds of $738,380 in the Offering.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Results of the Annual General and Special Meeting

Freegold Ventures Limited (TSX: FVL) (Frankfurt: FR4N) ("Freegold", the Company) today announced that all matters set out in the Management Information Circular dated May 14, 2024 for the 2024 Annual General and Special Meeting of Shareholders held on June 28, 2024 (the "Meeting") were approved by the shareholders holding 101,433,810 shares were voted representing approximately ~ 22.71% of the outstanding shares of the Company.

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

Nominee	# of Votes For	% of Votes For	# of Votes Withheld	% of Votes Withheld
Ron Ewing	100,880,186	99.45	553,625	0.55
Kristina Walcott	98,974,508	97.58	2,459,303	2.42
Alvin Jackson	99,068,535	97.67	2,365,276	2.33
David Knight	84,204,358	83.01	17,229,453	16.99
Garnet Dawson	99,597,686	98.19	1,836,125	1.81
Glen Dickson	84,989,006	83.79	16,444,805	16.21
Reagan Glazier	76,043,127	74.97	25,390,684	25.03
Maurice Tagami	99,862,881	98.45	1,570,930	1.55
Vivienne Artz	100,633,536	99.21	800,275	0.79

The Company's shareholders approved the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the company's auditors, as set forth in the management information circular.

The Company's shareholders approved all unallocated stock options, rights or entitlements under the Company's stock option plan.

Each of the matters voted upon at the Meeting is discussed in detail in the Company's Information Circular dated May 14, 2024 , which is filed under the Company's profile at www.sedarplus.com .

Drilling remains ongoing at Golden Summit. Ten holes have been completed to date, and two are currently in progress. Assays will be reported once they are received. The updated resource calculation incorporating the results of the 2023 drilling is expected to be reported in the coming weeks.

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2024/28/c4142.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Zodiac Gold Completes Pre-Drilling Satellite Data Interpretation at the Alasala Target on the Todi Gold Project

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that it has completed a satellite data interpretation study (the "Study") covering the Alasala target of the Company's Todi Gold Project, which builds on the regional interpretation completed by A.C.A Howe International Limited ("ACA Howe") in 2021. The Study focused on a 72 km2 area including the 2 km long mineralized trend from Mandingo Hill to Lion Hill (see Map 1 below), delineated by soil sampling, trenching, channel sampling, auger drilling, and extensive artisanal workings with visible gold.

Management Commentary

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Zodiac Gold Announces Upsizing of Private Placement

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce that it has increased the size of its previously announced offering of units of the Company (the "Units") on a non-brokered private placement basis. The Company now expects to complete the Offering for aggregate proceeds of up to C$1.2 million (the "Offering"), a 20% increase from the original target of up to C$1.0 million.

The Company completed an initial closing of the Offering for gross proceeds of approximately C$302,000 on May 23, 2024 and expects to complete a second closing in the coming days, with additional closings to follow as necessary. Completion of additional closings remains subject to the receipt of all necessary TSXV approvals.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Silver North Announces Closing of First Tranche of Private Placement

(TheNewswire)

Vancouver, BC, June 21, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that further to its news release dated June 5, 2024, it has closed the first tranche (the " First Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $562,500.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Alma Gold Announces Private Placement

Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 6,000,000 units ("Units") to be issued at a price of $0.05 per Unit for gross proceeds up to $300,000 (the "Private Placement"). Each Unit will be comprised of one common share (each a "Share") and one transferable common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.08 for a period of three (3) years from issuance.

Proceeds received from the Private Placement will be used for general working capital purposes and to settle certain debts of the Company.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Prismo Metals To Resume Drilling at Palos Verdes

Prismo Metals Investor Kit

GET YOUR FREE INVESTOR KIT

Overview

Company Highlights

Key Projects

Palos Verdes

History

2023 Drill Program

Los Pavitos

Hot Breccia

Management Team

Steve Robertson – President

Alain Lambert - CEO

Craig Gibson - Chief Exploration Officer

Carmelo Marelli - CFO and Secretary

Martin Dupuis - Director

Jorge Rafael Gallardo-Romero - Director

Jean-François Meilleur - Director

Maria Guadalupe Yeomans Otero - Director

Louis Doyle - Director

Peter Megaw - Advisor

Latest News

Prismo Metals Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS