Tag: gold

Sierra Metals reports positive drilling results on wide high-grade structures from the Cuye Zone at the Yauricocha Mine, Peru

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T.SMT, Sierra Metals
Figure 1 - Yauricocha Mine (CNW Group/Sierra Metals Inc.)
  • Current Drilling program at the Cuye Zone reflects high grade Polymetallic and Copper mineralization which continue and remain open to depth
  • 11 holes have been completed to date from the 1070 level in the Cuye area
  • Copper sulphide mineralized areas have been defined containing widths of more than 45 meters which remain open at depth
  • Mineralized areas noted in core identified large dioritic intrusive inclusions which suggest wider orebodies exist
  • Drill hole 10 intercepted over 75 meters of continued high grade polymetallic and copper mineralization and included a 15-meter intercept of polymetallic mineralization followed by a 44-meter copper sulphide intercept
  • Drilling program also intercepted low-grade disseminated copper mineralization in the intrusive formation, which opens a new exploration concept not explored or known before at Yauricocha

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GGX Gold Closes Private Placement

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GGX Gold logo

GGX Gold Corp (TSXV:GGX) (the “Company” or “GGX”) is pleased to announce that is has closed the non-brokered private placement previously announced on November 17, and December 1, 2017 for gross proceeds of $405,000. The units of the financing are comprised of one common share at a price of $0.10 and a full share purchase warrant, which may be exercised for a period of three years at a price of $0.15 per share. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.20 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice.  The Company announces April 13, 2018 as the hold period expiry date for the private placement. read more

Golden Predator Drilling Extends 3 Aces Project High Grade over 200 m and Confirms Near Surface Bulk Tonnage Type Mineralization

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

Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) is pleased to report results for 36 reverse circulation drill holes at the 3 Aces Project in southeast Yukon. Step-out drilling has extended the southern extent of the Spades zone by over 200 m and confirmed high-grade gold mineralization and near surface bulk tonnage type mineralization. Drilling on the northern extent of the Spades zone, approximately 1 km northwest of the step-out drilling, has encountered significant near surface bulk type mineralization. read more

TerraX Expands high grade Au-Mo-Cu-Ag zone at Ryan Lake Porphyry; sampling returns assays up to 97.7 g/t Au, 32.4 g/t Ag, 2.09% Cu and 0.32% Mo

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TerraX expands Yellowknife City Gold field exploration program

TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce high-grade surface sampling results from the Ryan Lake area on its Northbelt property, one of eight new high-grade target areas identified on the Yellowknife City Gold Project during fieldwork this summer (see maps here). read more

Margaux Resources Announces Significant Expansion of its Kootenay Arc Project Holdings, Plus High-Grade Gold Grab Sample Results from Sheep Creek and Bayonne

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Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce that it has acquired additional claims to expand the Company’s Kootenay Arc project holdings in southeastern British Columbia. In addition, the Company has received high-grade gold grab sample results from the Sheep Creek and Bayonne properties. read more

Marathon Gold Corporation Announces $2,029,500 Bought Deal Flow-Through Equity Financing

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T.MOZ, Marathon Gold

Marathon Gold Corporation (TSXV:MOZ) (“Marathon” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (collectively the “Underwriters”), whereby the Underwriters have agreed to purchase, on a “bought deal” basis, 1,650,000 flow-through common shares of the Company (the “Offering Shares”) at a price of $1.23 per Flow-Through Share for gross proceeds of $2,029,500 (the “Offering”). In addition, Marathon will grant the Underwriters an option to purchase from the Company up to an additional 1,650,000 Offering Shares at the Offering Price for additional gross proceeds of up to C$2,029,500 (the “Over-Allotment Option”). The Over-Allotment Option is exercisable up to 48 hours prior to the closing date of the Offering. This represents a 19% premium to the closing price of common shares of the Company on the TSX Venture Exchange (the “TSXV”) on December 11, 2017 and a 21% premium to the volume weighted average price of Marathon’s shares over the last five trading days. read more

Margaux Resources Announces Closing of First Tranche of Non-Brokered Private Placement of Flow-Through Shares and Units

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Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce that further to its press release dated November 2, 2017 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”) by issuing: read more