Tag: gold

Golden Predator Mining Corp. Announces Pricing of Previously Announced Overnight Marketed Financing

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Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

Golden Predator Mining Corp. (TSX VENTURE:GPY) (“Golden Predator Mining Corp.” or the “Company”) is pleased to announce that, in connection with its previously announced overnight marketed public offering (the “Offering”), it has entered into an underwriting agreement with Clarus Securities Inc. (the “Underwriter”) to sell 7,693,000 Flow-Through Share Units at a price of $0.91 per Unit to raise gross proceeds of $7,000,630 pursuant to a short-form prospectus financing (the “Offering”). Each Flow-Through Share Unit will consist of one Class A common share (a “Common Share”) and one-half of one (non flow-through) Common Share purchase warrant, exercisable at $1.00 per common share. The Flow-Through Share Units will be issued on a “flow-through” basis for purposes of the Income Tax Act (Canada). Closing of the Offering is expected on or about February 13, 2018 and is subject to regulatory approval including that of the TSX Venture Exchange. read more

Golden Predator Mining Corp. Announces Proposed Overnight Marketed Financing

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Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

Golden Predator Mining Corp. (TSX VENTURE:GPY) (“Golden Predator Mining Corp.” or the “Company”) has today entered into an agreement with Clarus Securities Inc. (the “Underwriter”) pursuant to which the Company has launched a proposed overnight marketed offering (the “Offering”) of units (“Flow-Through Share Units”). Each Flow-Through Share Unit consists of one Class A common share (a “Common Share”) and one-half of one (non flow-through) Common Share purchase warrant. The Flow-Through Share Units will be issued on a “flow-through” basis for purposes of the Income Tax Act (Canada). Closing of the Offering is expected on or about February 13, 2018 and is subject to regulatory approval including that of the TSX Venture Exchange. read more

Cartier Iron Expands Big Easy Property, Newfoundland and Commences Induced Polarization-Drilling Program

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Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”), is pleased to announce that 91 additional claims have been staked at the Big Easy Property in eastern Newfoundland to bring total holdings including the original acquisition (see press releases September 28, 2017, October 31, 2017 and November 22, 2017) to 369 claims covering 92.3 km2 (Figure 1).  A 56-line kilometre Induced Polarization/Resistivity Survey (IP/Res) will commence shortly with a 1,000m drilling program to follow on key targets outlined from this survey. Cartier Iron has secured the historical drill core at a facility in Clarenville. All diamond drill core is being re-logged to better resolve structure and distribution of alteration and mineralization. read more

Bonterra Expands Exploration Program at Gladiator Gold Deposit

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Bonterra, V.BTR, gold

Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that the 2018 winter drilling program is underway at the Gladiator Gold Project. After completing more than 60,000 meters in 2017, the Company plans to drill 30,000 meters during the winter drill program and more than 70,000 meters in 2018. The winter drilling program includes mobilizing two additional diamond drills, for a total of six on the project. read more

Enforcer Gold Announces 2018 Phase 1 Drilling Program on the Roger Gold-Copper Porphyry Project

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V.VEIN, Enforcer Gold, gold, Quebec, Steve Roebuck
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN – FSE: N071) is pleased to announce plans for a Phase 1 exploration drilling program and provide an overview of the Roger gold-copper porphyry project. The Roger project is located in the Abitibi greenstone belt and is 5 km from the historic mining centre of Chibougamau, Quebec. Enforcer is earning a 50% interest in the property from SOQUEM as announced on January 11, 2018.

President & CEO, Steve Roebuck, comments: read more

Cartier Resources: Cashed up in the Abitibi

JayCurrie
V.ECR, Cartier Resources, gold, Quebec, gold in the Abitibi

Cartier Resources’s (V.ECR) CEO Philippe Cloutier has worked in the exploration business for over twenty-five years. He understands the potential of prospective properties and he knows that the very best place to find gold is where gold has already been mined. He also knows that to develop and execute a drilling program is expensive. Which is why, when we began our interview, Cloutier said, “Cartier is cash rich, we have 16 million dollars in the bank.” read more

Cartier Cuts 7.5 g/t Au Over 2.0 m and Extends 2B Zone to 350 m Depth on the Chimo Mine Property

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Cartier Resources

Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce new results from its ongoing 30 000-m drilling program on the Chimo Mine property, located 45 km east of Val-d’Or. These results are associated with the 2B Zone (2 structure) and the 4E Zone (4 structure) intersected respectively at 230 m and 110 m east-northeast of the shaft. read more

Sierra Metals Reports 2017 Production Results and Announces 2018 Production, Cost, and Capex Guidance

UPDATE PROVIDED FOR OPTIMIZED CAPEX PROFILE AT YAURICOCHA VERSUS RECENTLY PUBLISHED NI 43-101 TECHNICAL REPORT
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Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to report fourth quarter 2017 and full year 2017 production results, as well as 2018 production, cost, and capex guidance.  read more

Rye Patch Gold Corp. Announces $15 Million Bought Deal Private Placement; Establishes Strategic Review Process

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V.RPM, Rye Patch Gold, gold, Nevada

Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGD; FWB: 5TN) is pleased to announce that it has entered into an agreement with PI Financial Corp., as lead underwriter on behalf of a syndicate of underwriters (collectively, the “Underwriters“), under which the Underwriters have agreed to purchase, on a bought deal private placement basis 11,538,500 units (the “Units“) of the Company at a price of $1.30 per Unit, for aggregate gross proceeds of $15,000,050 (the “Offering“). Each Unit will be comprised of one common share and one transferable common share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to acquire one common share of Rye Patch at a price of $1.65 for a period of 24 months following the closing of the Offering. read more

Eloro Resources Intersects 7.31 g Au/t over 3.4m in Upper Part of Major Epithermal System in First Reconnaissance Drilling at La Victoria Au Project, Peru

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V.ELO, Eloro Resources, Peru, gold, Tom Larsen

Eloro Resources Ltd. (TSX-V:ELO) (FSE:P2Q) (“Eloro” or the “Corporation”) is pleased to announce that it has completed 2,261m of reconnaissance diamond drilling in 8 holes at the Rufina Target on the La Victoria Au Property in the North-Central Mineral Belt of Peru.  Figure 1 is a plan map showing locations of the drill holes and hole traces.    Holes ERU-01, -02, -03, -04 and -09 are on a NE-SW cross section approximately 800m long.  Holes ERU-06, -07 and -08 are on a parallel cross section 500m long approximately 100m north of the first section. Significant values are shown in Table 1 below.  Highlights include (all core lengths): read more