Tag: gold

GR Silver Mining Completes Oversubscribed $11,534,500 Bought Deal Financing

MotherlodeTV

GR Silver Mining Ltd. (TSXV: GRSL) (FSE: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to announce that it has completed its previously announced bought deal private placement (the “Offering“) of an aggregate of 19,550,000 units of the Company (the “Units“) at a price of $0.59 per Unit (the “Issue Price“) for gross proceeds of $11,534,500, which was oversubscribed and included the exercise of the underwriters’ option in full. read more

Cartier Signs Agreement with Hawkmoon To Option 100% of the Wilson Property

MotherlodeTV
Cartier Resources

Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces the execution of an option agreement (the “Agreement”) with Hawkmoon Resources Corp.   (“Hawkmoon”) to option 100% of its interests in its Wilson property located 15 km east of the Municipality of Lebel-sur-Quévillon. read more

Etruscus Announces Private Placement Financing

MotherlodeTV
C.ETR, Etruscus Resources, gold, BC

Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the “Company” or “Etruscus”), a Vancouver-based exploration company, announces that, subject to Canadian Securities Exchange (“CSE”) approval, the Company will raise up to $1,500,000 through a non-brokered private placement.  The financing will consist of a combination of up to 2,000,000 non-flow-through units at $0.30 per unit and up to 3 million flow-through units at $0.35 per unit. The non-flow-through funds will be used for both exploration and general working capital and the flow-through funds will be used for continued exploration of the Company’s Rock & Roll and Sugar Properties. read more

Lucky Minerals Joins Eiti-Ecuador As Supporting Company

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LKY.V, Lucky Minerals, gold, Ecuador

Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) (“Lucky” or the “Company“) is pleased to announce it has joined the Extractive Industries Transparency Initiative (“EITI”). The EITI is the global standard for the good governance of oil, gas and mineral resources throughout the world and it promotes the open and accountable management of a country’s natural resources. It is aligned with the Open Government Partnership, to which Ecuador is a signatory and promotes the fight against corruption and promotes transparent, participatory, inclusive and accountable governance. To date, 55 countries have implemented the EITI Standard and Ecuador joined the initiative in October 2020. read more

Newlox Gold: Organic Aqua Regia Testing Delivers Excellent Results

MotherlodeTV
Newlox Gold, LUX.V

Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CNSX:LUX.CN) (Frankfurt/Stuttgart:NGO) (OTC:NWLXF) is pleased to provide an interim update on Stage 2 research and development of the environmentally friendly Organic Aqua Regia (OAR) gold leaching technology. This latest round of testing was based on strong results achieved for Stage 1 while further assessing the effects of temperature and time on the gold recovery process. The Newlox R&D team achieved very encouraging gold recoveries up to 98.77% during these most recent tests. read more

Lucky Minerals Identifies a New Epithermal System the Wayka Target: with Outcrop Samples up to 2.90 g/t Gold, Fortuna Property, Ecuador

MotherlodeTV
LKY.V, Lucky Minerals, gold, Ecuador

Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) (“Lucky” or the “Company“) is pleased to announce it has identified the Wayka target (“Wayka”), a new epithermal system in which initial assay results from surface outcrop panel samples have returned up to 2.90 g/t gold at its 100% owned Fortuna Property (“Fortuna”). Fortuna comprises approximately 55,000 hectares in a known mineralized zone in southern Ecuador. read more

Cartier Signs Definitive Agreements with SOQUEM and Owns 100% of the Fenton Property

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Cartier Resources

Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces the execution of a definitive agreements with SOQUEM Inc. (“SOQUEM”) in connection with the acquisition by Cartier of all the rights and interests of SOQUEM (i.e. 50%) in a group of 14 mining claims located 50 km southwest of Chapais in consideration for a purchase price of $700,000 payable as follows: (a) an amount of $300,000 in cash and (b) the issuance of 1,261,431 common shares of Cartier. read more

Gran Colombia Reports First Quarter 2021 Gold Production

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T.GCM, Gran Colombia, gold, Colombia

Gran Colombia Gold Corp. ( TSX:GCM;OTCQX: TPRFF) announced today that it produced a total of 18,643 ounces of gold at its Segovia Operations in March 2021 bringing the total gold production for the first quarter of 2021 to 49,058 ounces compared with 50,346 ounces in the first quarter of 2020. The Company also produced 57,315 ounces of silver in the first quarter of 2021, up from 45,918 ounces of silver in the first quarter last year. read more

Stratabound Minerals: “How do we mine this?

JayCurrie
V.SB, Stratabound Minerals, gold, Yukon

Typically, an exploration company will hire an exploration geologist to run a greenfields program on prospective ground. This makes a lot of sense as exploration geologists serve what amounts to an apprenticeship learning how best to evaluate and de-risk a piece of ground. Stratabound Minerals (V.SB) went in another direction: their President and CEO, Kim Tyler has a wealth of experience as an “operating geologist”. read more