TSX Venture Exchange Stock Maintenance Bulletins

TSX Venture Exchange Stock Maintenance Bulletins

TSX VENTURE COMPANIES

BULLETIN TYPE:  Cease Trade Order
  BULLETIN DATE: March 20, 2023
  TSX Venture Company

A  Cease Trade Order has been issued by the British Columbia Securities Commission on March 17 , 2023 against the following company indicated within the required time period:

Symbol

Tier

Company

Failure to File

Period

Ending

(Y/M/D)

MLY

2

Multi-Metal Development Ltd.

A Material Change Report and news
release for their first time disclosure of
mineral reserves, as required to be filed
under section 7.1 of National Instrument
51-102 Continuous Disclosure Obligations.

2023/03/17


Upon revocation of the  Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements.  Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.

________________________________________

ALASKA ENERGY METALS CORPORATION   ("AEMC   ")
  [formerly Millrock Resources Inc.   ("MRO   ")]
  BULLETIN TYPE:  Name Change and Consolidation
  BULLETIN DATE: March 20, 2023   April 11, 2012
  TSX Venture Tier 2   Company

Pursuant to a resolution passed by directors dated March 1, 2023 , the Company has consolidated its capital on a (10) ten old for (1) one new basis.  The name of the Company has also been changed as follows.

Effective at the opening March 22, 2023 , the common shares of Alaska Energy Metals Corporation will commence trading on TSX Venture Exchange, and the common shares of Millrock Resources Inc. will be delisted.  The Company is classified as a "Mineral Exploration and Development" company.

Post – Consolidation


Capitalization:

Unlimited  shares with no par value of which


15,617,239  shares are issued and outstanding

Escrow:

N/A



Transfer Agent:

Computershare Investor Services Inc.

Trading Symbol:

AEMC                    New

CUSIP Number:

01169F101            New

________________________________________

AM RESOURCES CORP. ("AMR")
  BULLETIN TYPE:  Reinstated for Trading
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2 Company

Further to the TSX Venture Exchange Bulletin dated August 4, 2022 , the Exchange has been advised that the Cease Trade Order issued by the Quebec Securities Commission dated August 3, 2022 , has been revoked.

Effective at the opening, Wednesday, March 22, 2023 , trading will be reinstated in the securities of the Company.

AM RESOURCES CORP. (« AMR » ou la « Société »)
  TYPE DE BULLETIN :  Réadmission à la cote
  DATE DU BULLETIN :  20 mars 2023
  Bourse de croissance TSX – Société de groupe 2

Comme suite au bulletin de la Bourse de croissance TSX daté du 4 août 2022, la Bourse a été informée de la révocation de l'interdiction d'opérations prononcée par l'Autorité des marchés financiers du Québec le 3 août 2022.

Dès l'ouverture de la séance du mercredi 22 mars 2023 , la négociation des titres de la Société sera rétablie.

________________________________________

HELIOSTAR METALS LTD. ("HSTR")
  BULLETIN TYPE: Resume Trading, Reviewable Transaction-Announced
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2   Company

Effective at the open, Wednesday,   March 22, 2023 trading in the Company's shares will resume.

This resumption of trading does not constitute acceptance of the Reviewable Transaction announced December 5, 2022 , and March 17, 2023 and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The Company is required to submit all of the required initial documentation relating to the transaction. IF THIS DOCUMENTATION IS NOT PROVIDED, OR IS INSUFFICIENT, A TRADING HALT MAY BE RE-IMPOSED.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance.  There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance.  SHOULD THIS OCCUR, A TRADING HALT MAY BE RE-IMPOSED.

________________________________________

23/03/20   - TSX Venture Exchange Bulletins

TSX VENTURE COMPANIES

Alianza Minerals LTD.   ("ANZ   ")
  BULLETIN TYPE:  Miscellaneous
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange has accepted the Company's warrant incentive program (the "Warrant Incentive Program) designed to encourage the exercise of existing warrants of the Company. Each warrant entitled the holder to acquire one common share at a price of $0.05 per share to March 15 , 2023

Pursuant to the Warrant Incentive Program, each of the holders of warrants that exercised warrants during an early exercise period (the "Early Exercise Period") received an additional warrant entitling such holder to acquire one common share of the Company at a price of 0.10  per share for a two-year period.

The Early Exercise Period commenced on February 15, 2023, and expired on March 15, 2023.

In connection with the Warrant Incentive Program, a total of 439,300 warrants were exercised, providing gross proceeds of $21,965 .00 to the Company and resulting in the Company issuing  439,300 Common Shares and 439,300 Incentive Warrants as follows:

Number of shares issued upon exercise of existing warrants:

439,300 common shares



Purchase Price (exercise price of the existing warrants):

$0.05 per common share



Incentive Warrants:

439,300 share purchase warrants to purchase 439,300 shares



Incentive Warrant Exercise Price:

at a price of $0.10 per share until March 10, 2025



Number of Placees:

1 Placee


All warrants that were not exercised under the Warrant Incentive Program expired on March 15 , 2023.  For further details, please refer to the Company's news releases dated March 17, 2023 .

________________________________________

CIELO WASTE SOLUTIONS CORP. ("CMC")
  BULLETIN TYPE:  Shares for Debt
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 64,285,714 common shares at a deemed price of $0.07 per common share and 64,285,714 share purchase warrants to settle outstanding debt for $4,500,000 from a previously issued mortgage loan.

Number of Creditors:                 1 Creditor

Non-Arm's Length Party / Pro Group Participation: N/A

Warrants:

64,285,714 share purchase warrants to purchase 64,285,714 shares



Warrant Exercise Price:

$0.125 for a three-year period


The Company shall issue a news release when the shares are issued and the debt extinguished.

________________________________________

MKANGO RESOURCES LTD. ("MKA")
  BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to the Subscription Agreement and Convertible Loan Agreement both dated February 1, 2023 , as well as, the Shareholders' Agreement, and Cooperation Agreement dated March 15, 2023 (the "Agreements") between the Company ("Mkango"), Maginito Limited ("Maginito", a wholly owned subsidiary of Mkango) and an arm's length party (the "Purchaser").  Pursuant to the terms of the Agreements, the Purchaser will acquire 10% interest in Maginito Limited for 1,500,000 pound-sterling (approximately CDN$2,500,000 ).  Under the 2,000,000 pound-sterling (approximately CDN$3,300,000 ) Convertible Loan, the Purchaser has the right to either convert the Convertible Loan into Mkango shares at 27 pence per share or into 10.6% interest in Maginito shares. If the Purchaser chooses the option to convert the loan into Maginito shares, the Purchaser will hold a 20.6% interest in Maginito.

For further details, please refer to the Company's news release dated March 16, 2023 .

________________________________________

OPHIR GOLD CORP.   ("OPHR   ")
  BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange has accepted for filing documentation of a Purchase and Sale Agreement (the "Agreement") dated March 06, 2023 , between the arm's length party (the "Vendor") and Ophir Gold Corp. (the "Company"). Pursuant to the agreement, the company will acquire a 100-per-cent interest in 3 mining claims located in James Bay , in Quebec.

Under the terms of the Agreement, the Company will earn a 100% interest in the properties by issuing 225,000 common shares to the Vendor. In addition, the vendor will retain a 2-per-cent net smelter return royalty (NSR) on the claims, while the company shall have the option to purchase back three-quarters of the NSR, thereby reducing it to 0.5 percent, for $ 1.5 million .

For further details, please refer to the Company's news releases dated March 07, 2023 .

________________________________________

REGEN III CORP. ("GIII")
  BULLETIN TYPE:  Private Placement-Non-Brokered
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on March 3, 2023 :

Number of Shares:

3,692,502 units



Purchase Price:

$0.75 per unit



Warrants:

1,846,250 share purchase warrants to purchase 1,846,250 shares



Warrant Exercise Price:

$1.25 for a two-year period



Number of Placees:

11 Placees

Insider / Pro Group Participation:






Placees

# of Placee (s)

Aggregate # of Units




Aggregate Existing Insider Involvement:

1

1,333,500

Aggregate Pro Group Involvement:

N/A

N/A


Aggregate Cash Amount

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

$3,330

N/A

N/A


Finder's Warrants Terms:                       N/A

The Company issued a news release on March 16 , 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

RUGBY RESOURCES LTD.   ("RUG   ")
  BULLETIN TYPE:  Private Placement-Non-Brokered
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2   Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on February 10, 2023 :

Number of Shares:

18,436,614 shares



Purchase Price:

$0.07 per share



Warrants:

18,436,614 share purchase warrants to purchase 18,436,614 shares



Warrant Exercise Price:

$0.18 for a two year period



Number of Placees:

45 Placees

Insider / Pro Group Participation:






Placees

# of Placee (s)

Aggregate # of Shares




Aggregate Existing Insider Involvement:

3

2,500,000

Aggregate Pro Group Involvement:

4

2,150,000


Aggregate Cash Amount

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

$21,172

N/A

N/A


The Company issued a news release on March 20, 2023 , confirming closing of the private placement.  [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]

________________________________________

TOTAL HELIUM LTD. ("TOH") ("TOH.W   ")
  BULLETIN TYPE:  Halt
  BULLETIN DATE:   March 20, 2023
  TSX Venture Tier 2   Company

Effective at 4:57 a.m. PST, March 20, 2023 , trading in the shares of the Company was halted, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

TUKTU RESOURCES LTD. ("TUK")
  BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation relating to an agreement of purchase and sale (the "Agreement") dated December 8, 2022 between the Company and an arm's length party ("Vendor").  Pursuant to the terms of the Agreement, the Company will acquire certain oil and gas assets (the "Assets") in the Pincher Creek area of Alberta from the Vendor.

As total consideration, the Company will issue 10,000,000 Units, at a deemed price of $0.12 per Unit. Each Unit consists of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"). The Warrants will be exercisable at $0.30 per Common Share for a period of three years from the closing date of the acquisition.

For further information, refer to the Company's news release dated December 8, 2022 and March 20, 2023 .

________________________________________

YORK HARBOUR METALS INC. ("YORK'')
  BULLETIN TYPE: Warrant Term Extension
  BULLETIN DATE: March 20, 2023
  TSX Venture Tier 2 Company

Pursuant to the Company's press release dated March 17, 2023 , TSX Venture Exchange has accepted an amendment to the 2,500,000 common share purchase warrants ("Warrants") originally issued pursuant to the non-brokered private placement announced on March 24, 2021 :

Number of Amended Warrants:

2,500,000

Original Expiry Date:

March 31, 2023

New Expiry Date:

April 1, 2024


All other terms of the Warrants remain unchanged.

________________________________________

NEX COMPANY

PURE GOLD MINING INC.   ("PGM.H   ")
  BULLETIN TYPE:  Halt
  BULLETIN DATE:   March 20, 2023
  NEX Company

Effective at 5:41 a.m. PST, March 20, 2023 , trading in the shares of the Company was halted, Pending Company Contact; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

SOURCE TSX Venture Exchange

Cision View original content: https://www.newswire.ca/en/releases/archive/March2023/20/c9983.html

News Provided by Canada Newswire via QuoteMedia

ANZ:CA
The Conversation (0)
TSX Venture Exchange Stock Maintenance Bulletins

TSX Venture Exchange Stock Maintenance Bulletins

TSX VENTURE COMPANIES

AM RESOURCES CORP. ("AMR")
  BULLETIN TYPE:  Reinstated for Trading
  BULLETIN DATE: August 10, 2023
  TSX Venture Tier 2 Company

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Alianza Minerals Moves Ahead with New Focus on High Grade Silver Projects

Alianza Minerals Moves Ahead with New Focus on High Grade Silver Projects

(TheNewswire)

Alianza Minerals Ltd

• Rebranding to Silver North Resources Ltd.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Alianza Minerals Receives Funds from Property Payments and Announces Completion of Early Warrant Exercise Incentive Program

Alianza Minerals Receives Funds from Property Payments and Announces Completion of Early Warrant Exercise Incentive Program

(TheNewswire)

Alianza Minerals Ltd

Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) wishes to announce that during the current quarter, the Company received in excess of $240,000 from its partners for property payments, a reclamation bond refund as well as from the early warrant incentive program (the "Warrant Incentive Program") as described in its press releases dated February 8, 2023 and February 13, 2023

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Alianza Minerals Receives Lease Extension for Klondike Property, Colorado; Clarifies Warrant Expiry Dates

Alianza Minerals Receives Lease Extension for Klondike Property, Colorado; Clarifies Warrant Expiry Dates

(TheNewswire)

Alianza Minerals Ltd

Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) is pleased to announce that the Colorado State Board of Land Commissioners has approved the extension of a State Lease at the Klondike Property, for an additional four (4) years. The term of this Lease will expire on February 1, 2027. This Lease provides for the exclusive right to conduct mineral exploration on the 6,400-acre (2,590 Ha) parcel included within the existing Klondike Property

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Alianza's SW Copper Alliance Retains 100% of Klondike Copper Property, Colorado

Alianza's SW Copper Alliance Retains 100% of Klondike Copper Property, Colorado

(TheNewswire)

Alianza Minerals Ltd

Vancouver, BC TheNewswire - February 3, 2023 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) announces that it received notice from option partner, Allied Copper Corp. ("Allied"), that Allied is terminating its optio n on the Klondike Copper Property in southwest Colorado, effective February 2, 2023.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
PROSPECT RIDGE RESOURCES CONFIRMS ARRANGEMENTS RELATING TO ANNUAL GENERAL MEETING

PROSPECT RIDGE RESOURCES CONFIRMS ARRANGEMENTS RELATING TO ANNUAL GENERAL MEETING

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) wishes to update shareholders on the impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver to shareholders its financial statements and related disclosure and proxy-related materials in respect of the Company's Annual General Meeting (the " Meeting ") of shareholders scheduled to be held on Friday, December 13, 2024 at 11:00 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver, British Columbia .

As a result of the strike, and pursuant to CSA Coordinated Blanket Order 51-931 Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal strike (the "Blanket Order"), the Company is advising shareholders that:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Lode Gold: 2024 Year-End Review and 2025 Outlook

Lode Gold: 2024 Year-End Review and 2025 Outlook

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to provide a year-end update.

Dear Investors,

I am excited to update you on our progress since I took over as CEO less than a year ago, just before Christmas in December 2023. With the support of the board, key shareholders, and the dedicated Lode Gold team, we have raised $6M since March 2024 and completed numerous tasks to reorganize the Company. These efforts have positioned us for future success and growth, and I am grateful for the continued support and confidence you have shown in our vision.

Strategy: Create Two Pure Play Companies to Unlock Value and Attract New Investors

Last year, around this time, I met with bankers to discuss how we plan to unlock value by spinning out the Company's assets to create two pure-play companies. This strategy resonated with many as Lode Gold has key assets situated in highly prospective mining regions in Canada and the United States. This initiative immediately creates two $7M companies from one $7M entity, thereby generating accretive value for shareholders.

Focus on Intrinsic Asset Value vs Market Cap: Do some small-cap stocks outperform large-cap investments in the long run?

Clifford Asness, who played a key role in building Goldman Sachs' Global Alpha before founding AQR, and now manages over $33 billion in assets, published a whitepaper that challenged the Efficient Market Theory. It stipulated that value may be factored into price with large-cap companies, but it may not be the case with small-cap stocks1. It states that with small or micro-cap stocks, the Less-Efficient-Market Hypothesis often holds. Why? The market is inherently inefficient due to a fragmented shareholder base and a lack of distribution, awareness and liquidity. As such, if capital is patient, investing in a small-cap stock may result in a higher return on investment in the long run compared to a large-cap stock.

In the case of Lode Gold, the intrinsic value, verified with a third-party NI 43-101 technical report, has an NPV USD $370M, yet the market cap trades at a fraction of the real value. Notwithstanding, a planned spin-out transaction valued at an additional $7.65M (pre-money value to current Lode Gold shareholders) has already obtained conditional approval.

This is a value proposition, validated by smart money: strategic investors and institutional shareholders; a total of four own approximately 60%. Intrigued by the potential of this undervalued play, I accepted the challenge of leading its turnaround and growth.

Near-Term: Gold Orogen spin out to unlock value for shareholders

The company has three key orogenic assets, with proven gold endowment.

To unlock value for shareholders; immediately we are spinning out the Canadian assets into a new company, Gold Orogen. Each Lode Gold shareholder will get shares of Gold Orogen; via a tax-efficient spin-out.

Additionally, a $3M raise has been completed at Gold Orogen, based on a $7.65M pre-money valuation. The current valuation for Lode Gold, the parent company, is at $7M. We are topping up with an additional $1.5M to ensure a $4.5M investment program for 2025 at Gold Orogen; as such both the assets in Yukon and NB will be drilled in the upcoming exploration season in the new year. Post-money, Gold Orogen will be at $12M+.

A gold asset on the Mother Lode Belt with MRE: 1 (M&I) + 2 (Inferred) Moz Au and a 2023 PEA: USD $370M (NPV 5%) will remain in the parent co, Lode Gold. Lode Gold intends to pursue a high grade underground mine opportunity. This project sits on 100% privately owned patented land where the mining license was suspended in 1942 due to the war effort.

Spin Out Unlocks Shareholder Value: Confirmed gold endowment and RIRGS on Tombstone Belt

The spin-out will result in the formation of two pure-play companies, each focused on specific areas of exploration in Canada and the US.

Company 1: Spin Co - Gold Orogen

Asset 1:

  • 27 km strike, 99.5 km2in Yukon, prolific Tombstone Belt (Snowline, 3 Aces, Sitka Gold)
  • Total of four Reduced Intrusive Targets (RIRGS)

Asset 2:

  • New Brunswick: Created one of the largest land packages (420 km2)
  • Geological analogue to New Found Gold, Galway, Calibre Mining and Puma-Kinross
  • Confirmed gold endowment

Company 2: Parent - Lode Gold

Lode Gold is the first company to evaluate this project from an underground perspective.

  • Brownfield, previously mined at 8 g/t in the 1940's.
  • 4 km strike on the 190 km mineralized Mother Lode Belt: 50,000,000 oz produced
  • 100% owned private and patented land: 3,351 acres, Mariposa County
  • California: 700 permitted mines; 14 gold
  • Mine suspended in 1942 due to gold prohibition in WWII
  • Target: 2 Moz underground 5 g/t Au
  • Typical Orogenic Deposit with Structural Controls
  • 3 Step-Out Holes hit structure (up to 1,200 m)
  • 2 nearby mines were up to 1,800 m deep at 13 g/t
  • 43,000 m drilled with 23 km of underground workings
  • 11% of the veins (2 of 7 deposits) exploited; mostly in the first 250 m
  • 2023 MRE: 1 Moz (M&I) + 2 Moz (Inferred)
  • 2023 PEA at USD $2,000/oz Au: After-tax NPV (5%) USD $370M, 31% IRR, 11 years LOM
  • Close to road, rail, power, water

Milestones Achieved in 2024:

1. Executed Spin Out Plan

  • Received conditional acceptance from the TSXV for the spinout transaction

2. Improved Capital Structure

  • Lode Gold added two additional key institutional and strategic shareholders
  • For $3M, a 19.9% strategic joint venture partner with strong technical expertise, was added to the new Spin Co
  • Tight share structure: 10:1 consolidation. About 40.000,000 shares outstanding for both companies

3. Cleaned Up Balance Sheet

  • Converted a secured debt holder to be the second-largest shareholder
  • Repaid shareholder working capital loan
  • Resolved a legacy lawsuit and eliminated a $1.6M liability

4. Enhanced Value of Assets in Yukon, New Brunswick and California

  • New Brunswick:
    • Created one of the largest land packages in the province, potentially a district play
    • Completed comprehensive geophysics and soil sampling to define drill targets
  • Yukon:
    • Identified four RIRGS targets for exploration work in 2025
    • Confirmed RIRGS at WIN; high bismuth : gold ratio, gold-bearing sheeted quartz veins, hosted in hornfels
  • California:
    • The first to review the project from an underground perspective
    • Completed Geological Model: 11% of the veins exploited, in 2 out of 7 deposits. Most extraction in the first 250 m. 3 step-out holes at depth, mineralized and hit structure, a typical orogenic deposit
    • Commissioned NI 43-101 to update the 2023 MRE

5. Strengthening the Lode Gold Team

  • Enhanced bench strength by adding key personnel to the technical and marketing teams, visit our website to view their full bios (lode-gold.com)
  • Addition of Martin Stratte, Lode Gold's former Director of the Board, to our Advisory Team. He was previously on the permitting team at Castle Mountain, Equinox Gold (2018-2021). The project was acquired for $200 million in 2018, and it was permitted in 2021

Upcoming Catalysts in 2025

  • Spin Co: Shareholders get shares of a new company
  • Drilling to investigate 4 RIRGS reduced intrusive targets in Yukon Tombstone Belt, 200 km from Snowline
  • Drilling in New Brunswick assets upon systematic exploration: geophysics, soil sampling, mapping, geochemistry
  • California: Revised NI 43-101 Mineral Resource Estimate (updating 2023 MRE and investigating high grade underground potential)
  • California: Evaluate reactivating a previous mine, where the license was suspended during WWII

Invest in One Company, Get Shares of Two Companies: Optionality on three key assets

Investing in Lode Gold presents an exciting opportunity for shareholders to benefit from an advanced gold exploration project and a forthcoming spinoff with two high-value assets. This strategic move is aimed at unlocking maximum value for investors, who will gain exposure to three highly prospective gold assets through shares in two separate companies.

Wishing you a season filled with joy and prosperity.

Yours truly,

Wendy T. Chan. CEO & Director

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 420 km2 and a 42 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 309 km2 package covering a 25 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940's.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins - in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment ("PEA"). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-416-915-4257

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

Cautionary Statement Regarding Forward-Looking Information

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.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-Looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Maiden Sandstone drilling program delivers high grade gold

Maiden Sandstone drilling program delivers high grade gold

Brightstar Resources (BTR:AU) has announced Maiden Sandstone drilling program delivers high grade gold

Download the PDF here.

RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that after consultation with its registered finders, the Company has now concluded its non-brokered private placement under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption. As previously announced on November 13, 2024, the Company sold 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Company had filed an offering document related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Grande Portage Completes Non-Brokered Private Placement

Grande Portage Completes Non-Brokered Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that after consultation with its registered finders, the Company has now concluded its non-brokered private placement under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption. As previously announced on November 13, 2024, the Company sold 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Company had filed an offering document related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×