Tag: gold

Golden Predator Continues to Expand Gold Zones at 3 Aces Project

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

Golden Predator Mining Corp. (TSX-V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports the results of 42 Reverse Circulation (RC) drill holes completed in 2017 at the 3 Aces Project in southeastern Yukon. Initial drilling is reported from the Diamonds Zone along with the Hearts/Clubs Corridor.  All areas encountered encouraging results and will see continued drilling in 2018.  The final 43 RC holes completed in 2017 will be reported separately. read more

Marathon Gold Files 43-101 Technical Report for Updated Resources at the Valentine Lake Gold Camp:

1,846,500 ounces M&I at 1.88 g/t gold and 1,011,700 ounces Inferred at 1.66 g/t gold
MotherlodeTV
T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ:TSX) today announced that it has made the regulatory filing of the report entitled “Technical Report on the Mineral Resource Estimate of the Valentine Lake Project.”  The updated resource was announced on November 30, 2017 and completed under the direction of John T. Boyd Company. The company has also resumed drilling at the Valentine Lake Gold Camp. read more

Rye Patch Gold Completes 2017 Principal Repayments on its Credit Facility

JayCurrie
V.RPM, Rye Patch Gold, gold, Nevada

VANCOUVER, Jan. 3, 2018 /CNW/ – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports that in December, 2017, the Company completed its US$4.0 million principal repayment and paid US$609,000 in interest pursuant to its credit agreement with Macquarie Bank Limited. An aggregate of US$5.1 million in principal repayments was made in 2017, reducing the outstanding principal balance to US$21.8 million. The credit facility was used in the construction and re-start of the Company’s flagship Florida Canyon mine in Pershing County, Nevada. read more

Marathon Announces Closing of $5M Bought Deal Offering of Flow-Through Shares

MotherlodeTV
T.MOZ, Marathon Gold, gold, Newfoundland, Phillip Walford

Marathon Gold Corporation (TSX:MOZ) (OTCQX:MGDPF) (“Marathon” or the “Corporation“) is pleased to announce the closing of a “bought deal” private placement of an aggregate of 4,066,000 common shares of the Corporation that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (“Flow-Through Shares“) at an issue price of $1.23 per Flow-Through Share (the “Issue Price“) for aggregate gross proceeds of $5,001,180 (the “Offering“), including the exercise in full of the underwriters’ option to purchase an additional 1,650,000 Flow-Through Shares at the Issue Price. The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp., on behalf of a syndicate of underwriters that included Haywood Securities Inc., RBC Capital Markets and Raymond James Ltd. (collectively, the “Underwriters“). read more

Sierra Metals Announces the Appointment of Alberto Beeck as Advisor and Alejandro Perellón as Observer to its Board of Directors

MotherlodeTV

Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to announce the appointment of Mr. Alberto Beeck as an Adviser to its Board of Directors and Mr. Alejandro Perellón as an Observer to its Board of Directors, both effective immediately.  read more

GGX Gold Corp’s shares begin trading on the OTCQB Venture Market

MotherlodeTV
GGX Gold logo

GGX GOLD CORP. (TSXV.GGX) (the “Company” or “GGX Gold”) is pleased to announce that the Company’s common shares begin trading today on the OTCQB® Venture Market in the United States under the symbol “GGXXF”. The Company’s common shares will continue to trade under the symbol “GGX” on the TSX Venture Exchange. The OTCQB Venture Market provides efficient access to U.S. investors, helping Canadian companies build shareholder value with a goal of enhancing liquidity and achieving fair valuation. Through trading on OTCQB, companies can engage a far greater network of U.S. investor, data distributors and media partners, ensuring U.S. investors have access to the same high-quality information that is available to investors in Canada, but through U.S. platforms and portals used to conduct research. read more

Gowest Gold Closes Final Tranche of Private Placement

MotherlodeTV
V.GWA, Gowest Gold, gold,Greg Romain

Gowest Gold Ltd. (TSX VENTURE:GWA) (the “Company“) is pleased to announce the final tranche closing of a previously announced non-brokered private placement for gross proceeds of $1,383,140. In connection with the final tranche closing, the Company issued 350,000 common share units at a price of $0.16 per unit for $56,000 and 7,373,000 flow-through units at a price of $0.18 per unit for $1,327,140. Each flow-through unit consists of one common share in the capital of the Company issued on a “flow through” basis pursuant to the Income Tax Act (Canada) and one half (1/2) of a common share purchase warrant. Each warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.25 per share for a period of 24 months from the date of issuance. The closing is subject to final acceptance by the TSX Venture Exchange of the private placement. read more