Marathon Announces Drilling Starting at New 1500-meter Gold Zone SW extension of the Victory Gold Trend, Valentine Lake Gold Camp, Newfoundland
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Tag: gold
Cartier Ramps Up Expanded Chimo Mine Drill Program
Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the Corporation) announces that it is launching an expanded and potentially “game changer” Phase II drill program on its Chimo Mine project, located 45 km east of Val-d’Or, Quebec.
Enforcer Gold and SOQUEM announce updated mineral resource estimate for Roger project containing 377,000 gold equivalent ounces indicated and 365,000 gold equivalent ounces inferred
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN) (FSE: N071) along with SOQUEM are very pleased to announce the results of the updated mineral resource estimate on the Mop-II gold-copper deposit at the Company’s Roger project. This new resource estimate is constrained in a conceptual open pit shell. The project is advantageously located just 5 km north of the historic mining center of Chibougamau, Quebec, has all-season road access and is crossed by a power line that serviced the past-producing Troilus Mine. Enforcer is earning a 50% interest in the Roger project from project operator, SOQUEM.
Aben Discovers “South Boundary” Mineralized Zone 1.5km South of North Boundary Zone at Forrest Kerr Project in BC’s Golden Triangle
Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to provide an update on its exploration drill program currently underway at the Forrest Kerr Property in BC’s Golden Triangle. The Company has intersected mineralization 1.5km south of the North Boundary Zone in a newly discovered area called the South Boundary Zone. Aben has now completed 4,850 meters of drilling in 16 holes at Forrest Kerr in 2018. The majority of drilling has taken place at the North Boundary area where high-grade precious and base metal mineralization was discovered in 2017 drill holes as well as in the first reported drill hole of 2018 (see news release dated August 9th, 2018). The ongoing drill program has been expanded and will continue well into the Fall.
Triumph Gold Intersects Strong Gold-Rich Porphyry Mineralization in the Blue Sky Porphyry, including 125.13 metres of 1.24 grams per tonne Gold, 0.31% Copper, 7.0 grams per tonne Silver and 0.01% Molybdenum
Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the delineation of gold-rich porphyry-style mineralization in the Blue Sky Zone on their 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory. Highlights from the first three drill holes to intersect the zone in 2018 include:
Aben Closes $4.28 Million Private Placement Financing Led by Eric Sprott
Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or the “Company”) is pleased to announce it has closed its previously announced non-brokered private placement financing (see news release dated August 15, 2018) for aggregate gross proceeds of approximately CAD $4.28 million. The Company intends to utilize the proceeds from this financing for its ongoing 2018 exploration and drilling program at its Forrest Kerr Gold Project located in B.C.’s Golden Triangle region and for general working capital purposes.
Victoria Announces Grant of Stock Options
Victoria Gold Corp. (TSX-V: VIT-V) The Board of Directors of Victoria Gold Corp. (the “Company”) has granted 4,020,000 options to employees, consultants, directors and officers of the Company. The option grant is in connection with the addition of an officer, two new directors and numerous new employees as the Company continues to build its operations team while constructing the Eagle Gold Mine. The issuance is made under the stock option plan of the Company. This plan was approved by shareholders on September 11, 2017 and allows the Company to issue a number of options up to 10% of its rolling issued and outstanding common shares. Including this issuance, outstanding options represent approximately 3.8% of issued common shares. The options have an exercise price of $0.50 and are exercisable for a period of 3 years from the date of the grant thereof with a vesting period of 12 months.
Aben Resources Announces $4 Million Private Placement Led by Eric Sprott
Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2) (the “Company”) announces a non-brokered private placement of up to 13,333,333 units at a price of $0.30 each to raise gross proceeds of up to $4,000,000. Each unit will consist of one common share and one warrant (each, a “Warrant”) exercisable to purchase one additional common share at a price of $0.45 each for a period of two (2) years from the date of issuance. The lead order is for $2,000,000 from Eric Sprott who will subscribe for 6,666,667 million Units. Additionally, Palisade Global Investments will subscribe for 2,750,000 million Units and Venture Ad Network will subscribe for 600,000 Units.
Marathon Announces Appointment of Chief Operating Officer and awards Metallurgical Contract to SGS
Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the appointment of Robbert Borst as Chief Operating Officer of the Company effective August 1, 2018. Mr. Borst successfully managed the company’s initial Preliminary Economic Assessment (PEA) for the Valentine Lake Gold Camp which was released on May 17, 2018.
White Gold Reports on the Vertigo Trend
White Gold has a press release out today discussing its exploration of the Vertigo Trend on the JP Ross property. This area is 30 kilometres away from the exploration and drilling at White Gold’s Golden Saddle project.