Tag: gold

Marathon Gold Completes Sale of Royalty to Franco-Nevada for Proceeds of $18 Million

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T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is excited to announce that it has closed the sale of a 2% net smelter returns royalty (the “NSR”) to Franco-Nevada Corporation (“Franco-Nevada”) (TSX, NYSE: FNV) linked to production at the Valentine Lake Gold Camp in central Newfoundland, for gross proceeds of CAD $18,000,000.  The NSR applies to the entire Valentine Lake property and covers the sales of precious and base metals and minerals.  Marathon has an option to buy back 0.5% of the NSR for US $7 million until December 31, 2022. read more

White Gold Corp. Further Expands Golden Saddle Deposit Geological Model Drilling 3.26 g/t Gold Over 35m, Defines New Gold Zones in the Hanging Wall and also Intersects Additional High-Grade Mineralization at Ryan’s Showing Discovery Demonstrating Structural Continuity

MotherlodeTV

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company) is pleased to announce additional drill results from its Golden Saddle deposit and the new Ryan’s Showing discovery on its White Gold property, Yukon, Canada. Drilling on the Golden Saddle identified new zones of high-grade gold mineralization in the Golden Saddle Upper Zone (“GS Upper Zone”) which is above the Golden Saddle Main Zone (“GS Main Zone”). The drilling also added additional continuity to the geological model, infilling gaps and significantly increasing the thickness of mineralization in the GS Main Zone in certain areas. read more

Aben Resources Grants Stock Options

MotherlodeTV

Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (the “Company”) announces, pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 4,000,000 common shares in the capital stock of the Company, exercisable for a period of two years, at a price of $0.16 per share. The Company’s 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on July 25, 2018. read more