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When we were at Yukon’s Destruction Bay last year the weather was bad enough that we never saw the beauty of Kluane Lake or the snow-capped mountains in the distance. Entirely spectacular and well worth the visit if you are driving the Alaska Highway.
Triumph Gold Corp., (TSXV:TIG) (OTCMKTS:TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the results of spring and early-summer drilling on the Company’s 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory. Exploration was focused within a 6 km soil and geophysical anomaly that surrounds the Revenue and Nucleus resource areas. Highlights of results available to date include:
Triumph Gold Corp. (TSX-V:TIG) (“Triumph” or the “Company”) is pleased to announce that pursuant to its stock option plan, the Company is issuing 800,000 options to officers and directors. The options are priced at $0.40 and are valid for a period of 5 years. The stock options will vest 25% immediately, 25% after six months, 25% after twelve months and 25% after eighteen months.
This is a great idea: an investor bootcamp in the middle of Ontario’s cottage country in the middle of the summer.
Over at Stockhouse there is an excellent Q&A with White Gold’s CEO David D’Onofrio.
“Greg Johnson, Metallic Minerals’ Chairman & CEO stated, “We are excited about the potential that is being highlighted by our ongoing exploration on the Keno Silver Project, where we have been able to move quickly from land acquisitions and target identification to delivering confirmatory drill results from these under-explored areas of the prolific Keno Hill Silver District. Results to date have confirmed the existence of high-grade silver in Keno-type structures beginning at surface and that those systems are open at depth and along strike, in stratigraphic settings that are comparable with some of the largest deposits in the district. Our plans for 2018 are to undertake a robust drill-focused program, following and expanding upon the same systematic exploration methodology as 2017.”
Triumph Gold Corp. (TSXV:TIG) (“Triumph” or the “Company”) is pleased to announce that it has completed a private placement financing of 14,641,101 units of Triumph at a price of $0.35 per unit for gross proceeds of approximately $5,124,385. Each unit consists of one common share of the Company and one half of one non-transferable common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable into one additional common share at a price of $0.55 for a period of two years from the closing of the financing. The investment was made primarily by institutional investors. A private Hong Kong fund invested approximately $2.5 million and three existing shareholders (amongst others) participated in the offering, including Goldcorp Inc. (“Goldcorp”) which exercised its right to top up to a 19.9% ownership by participating in the financing.
White Gold Corp. (TSX.V:WGO) (OTC – Nasdaq Intl:WHGOF) (FRA:29W) (the “Company”) is pleased to announce that the Company’s common shares, traded in the United States under the symbol WHGOF, are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States.
One of the best things about the Yukon Mining Tour is the opportunity to revisit amazing places like ATAC (V.ATC) Resources’ Rackla property to the northeast of Keno City. When I went last year the sheer beauty of the place was overwhelming. And the geology, frankly, flew over my head. This year I was much more prepared.
Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company”) announces it has commenced a 1,500 m diamond drilling program at its 100% owned, past-producing Brewery Creek Project in Canada’s Yukon to evaluate the potential for: 1) economic enhancement of this former producer; and 2) expansion of the current resource package.