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Rackla Metals reports drilling has commenced at BiTe and provides initial core observations
Thenewswire· 2025-07-14 11:00
Core Insights - Rackla Metals Inc. has commenced drilling at the BiTe zone on the Grad property in Northwest Territories, Canada, indicating a significant step in their exploration efforts [1][10]. Exploration Details - The Grad property was staked in July 2024, revealing strong gold mineralization and significant sheeted veining, which suggests the presence of a Reduced Intrusion-related Gold Systems (RIRGS) occurrence [2]. - A 4,000m diamond drill program has been initiated to test the gold system, with three drill pads prepared to test 300m of the zone [2][3]. - The first drill hole (G25-001) has reached a depth of 208m, while the second hole (G25-002) is currently being drilled at 48m, showing consistent sheeted veining with an average density of 5 to 10 veins per meter [5]. Geological Findings - The core samples from the drilling show bismuth sulphides, chalcopyrite, and pyrrhotite, with sections of strongly sericitized quartz diorite containing 5% disseminated bismuth sulphides [5][6]. - A team of mountaineering geologists is conducting high-angle sampling to confirm the vertical continuity of the gold-bearing system up to 350m above the drill site [9]. Permits and Support - The Grad Project is fully permitted for the 2025 exploration season, having obtained a five-year Type A Land Use Permit from the Sahtu Land and Water Board [10]. - All necessary contracts are in place to support the exploration program, with various service providers engaged to assist [12]. Company Overview - Rackla Metals Inc. is a junior gold exploration company based in Vancouver, Canada, targeting RIRGS mineralization in the underexplored southeastern part of the Tombstone Gold Belt [14].
BULGOLD Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately $1 Million
Globenewswire· 2025-07-10 13:15
Core Viewpoint - BULGOLD Inc. has successfully closed a non-brokered private placement, raising approximately $1,076,720 through the sale of 21,534,407 common shares at a price of $0.05 per share [1] Group 1: Offering Details - The Offering generated gross proceeds of approximately $1,076,720 from the sale of 21,534,407 common shares at an issue price of $0.05 per share [1] - Finders received a cash fee of $7,700 and 154,000 finder's warrants, each allowing the purchase of one additional common share at an exercise price of $0.07 until January 9, 2027 [2] - Management subscribed for $138,567 of the Offering, which is considered a related party transaction under MI 61-101 [3] Group 2: Use of Proceeds - The proceeds from the Offering will be utilized for exploration and general corporate purposes [4] Group 3: Company Overview - BULGOLD Inc. is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe, controlling three quartz-adularia epithermal gold projects in Bulgaria and Slovakia [6] - As of July 10, 2025, BULGOLD had 49,132,335 issued and outstanding shares, with approximately 28.3% held by Founders, Directors, and Management [7]
Red Pine Announces Closing of Upsized $8.5 Million Brokered Offering
Globenewswire· 2025-07-09 13:12
Core Viewpoint - Red Pine Exploration Inc. has successfully closed an upsized brokered offering, raising a total of $8,500,000 through various units, aimed at funding exploration and development activities at the Wawa Gold Project in Ontario [1][4]. Group 1: Offering Details - The offering included 55,000,000 non-flow-through units (NFT Units) priced at $0.10 each, generating $5,500,000 in gross proceeds [1]. - Additionally, 12,500,000 flow-through units (FT Units) were issued at $0.12 each, raising $1,500,000, and 10,714,284 charity flow-through units (CFT Units) at $0.14 each, also raising approximately $1,500,000 [1]. - Each warrant associated with the units allows the holder to purchase one common share at an exercise price of $0.15 for 36 months [2]. Group 2: Use of Proceeds - Gross proceeds from NFT Units will be allocated for working capital, general corporate purposes, and evaluating future open pit production at the Wawa Gold Project [4]. - Proceeds from FT Units and CFT Units will specifically fund exploration expenses related to the Wawa Gold Project, qualifying under Canadian tax regulations [4]. Group 3: Agents and Commissions - Research Capital Corporation acted as the sole bookrunner and co-lead agent, with Haywood Securities Inc. as co-lead agents for the offering [2]. - The company paid a cash commission of $501,300 to the agents and granted them 4,605,857 non-transferable broker warrants [5].
WestKam Gold Corp. Announces Late Filing of Q2 Interim Financial Statements and Management Cease Trade Order
Globenewswire· 2025-07-02 22:43
Core Points - WestKam Gold Corp. was unable to meet the June 30, 2025 deadline for filing its interim financial statements due to the CFO's medical leave [1] - The company is in the process of hiring new accounting personnel and an Interim CFO to complete the Interim Financials, expected to be filed by the end of August 2025 [1] - The company received approval for a management cease trade order (MCTO) from the British Columbia Securities Commission due to the late filing [2] - While the MCTO is in effect, the general public can still trade the company's shares, but the CEO and Interim CFO are prohibited from trading [4] - The company must issue bi-weekly default status reports while the MCTO is in effect [3] Company Overview - WestKam Gold Corp. is a Canadian-listed junior gold exploration company focused on projects in Western North America [5]
Near Surface Infill-Drilling to Assess Open Pit Production Intersects 45.38 g/t Au over 3.13 m core length, including 141.00 g/t Au over 0.88 m
Globenewswire· 2025-06-18 11:30
Core Insights - Red Pine Exploration Inc. has announced positive results from its ongoing drilling program at the Wawa Gold Project, indicating high-grade gold mineralization and potential for open-pit production [1][3][4] Open-Pit Evaluation Drilling - The company has completed approximately 90% of a fully funded 25,000-meter drilling program initiated in November 2024, focusing on the Jubilee Shear area [4] - Drilling results show local areas of high-grade gold, with significant intersections including 45.38 grams per tonne (g/t) gold over 3.13 meters in hole SD-25-559 [8][9] - The company plans to complete drill testing of starter pits by early July and will update the 2024 Mineral Resource Estimate (MRE) while working towards a preliminary economic assessment (PEA) expected in the first half of 2026 [4][21] Drilling Results - Significant drilling results include: - Hole SD-25-540: 9.54 g/t Au over 1.03 m [9] - Hole SD-25-544: 1.86 g/t Au over 19.09 m, including 4.28 g/t Au over 4.88 m [8] - Hole SD-25-559: 45.38 g/t Au over 3.13 m, including 141.00 g/t Au over 0.88 m [8] - The reported assay results represent 3,416.11 meters of assayed core from the 2025 drilling program [10] Quality Assurance/Quality Control - The company employs rigorous QA/QC measures, including the use of external gold standards and blanks, to ensure the reliability of assay results [11][12] - Approximately 5% of pulps and coarse rejects are sent for umpire testing to verify results [12] Company Overview - Red Pine Exploration Inc. is a gold exploration company based in Toronto, Ontario, with shares traded on the TSX Venture Exchange and OTCQB Markets [17] - The Wawa Gold Project is located in the Michipicoten Greenstone Belt, an area with significant historical gold mining activity [18]
Bonterra Resources Announces Election Results of its 2025 Annual General Meeting
Newsfile· 2025-06-11 21:00
Core Points - Bonterra Resources Inc. announced the results of its 2025 Annual General Meeting (AGM) held on June 11, 2025, which represents its fiscal year ended 2024 [1][2]. Group 1: Election Results - Shareholders approved all matters voted on at the 2025 AGM, including setting the number of directors at seven and re-electing the current directors [2][3]. - The directors re-elected include Cesar Gonzalez, Marc-André Pelletier, Normand Champigny, Paul Jacobi, Matt Houk, Lesley Antoun, and Peter O'Malley [2]. - Crowe MacKay LLP was appointed as auditors for the upcoming year, with directors authorized to fix their remuneration [2]. Group 2: Voting Details - A total of 77,193,201 common shares were voted at the meeting, representing approximately 46% of the common shares issued and outstanding as of the record date [3]. - Detailed voting results indicate significant support for the election of directors and the appointment of auditors, with the majority of votes cast in favor [4]. Group 3: Company Overview - Bonterra Resources is a Canadian gold exploration company with advanced exploration assets, including the Gladiator, Barry, Moroy, and Bachelor gold deposits, totaling 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category [5]. - The company entered into a joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits [6]. - Gold Fields Ltd acquired Osisko Mining for C$2.16 billion in October 2024 and is now the counterparty to the joint venture agreement, aiming to earn a 70% interest by incurring C$30 million in work expenditures until November 2026 [7].
BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of Up to $1 Million
Globenewswire· 2025-06-05 21:00
Core Points - BULGOLD Inc. is conducting a non-brokered private placement to raise up to $1,000,000 by selling common shares at a price of $0.05 per share [1] - The proceeds from the offering will be used for exploration and general corporate purposes, with the closing date scheduled for around June 30, 2025 [3] Offering Details - The company will pay a finder's fee of 7.0% of the gross proceeds from shares sold to third parties, along with finder's warrants equal to 7.0% of the shares sold [2] - Each finder's warrant allows the holder to acquire one additional common share at an exercise price of $0.07 for 18 months from the closing date [2] Company Overview - BULGOLD is focused on gold exploration in Central and Eastern Europe, controlling three quartz-adularia epithermal gold projects in Bulgaria and Slovakia [5] - As of March 31, 2025, BULGOLD had 27,597,928 issued and outstanding shares, with approximately 40.3% held by founders, directors, and management [6]
Altai Announces Repositioning of Investment Portfolio to Maximize Liquidity
Globenewswire· 2025-06-02 20:34
Core Viewpoint - Altai Resources Inc. has completed the repositioning of its Canadian investment portfolio to enhance liquidity and eliminate equity market risk [1][2]. Group 1: Repositioning Details - The repositioning involved the sale of all marketable securities and reinvestment of net cash proceeds into cash and cash equivalents [1]. - The total market value of the newly structured Investment Portfolio is approximately $3.9 million [2]. - The market value of the Investment Portfolio per common share is approximately $0.07, based on 56,033,552 issued and outstanding common shares [2]. Group 2: Company Overview - Altai Resources Inc. is based in Toronto, Ontario, and has a producing oil property in Alberta and an exploration gold property in Quebec [3]. - The company’s investment portfolio is now entirely comprised of cash and cash equivalents [2].
OTC Markets Group Welcomes Greenheart Gold Inc. to OTCQX
Globenewswire· 2025-05-27 11:00
Group 1 - Greenheart Gold Inc. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market [1][3] - The company begins trading under the symbol "GHRTF" and U.S. investors can access financial disclosures and real-time quotes on OTC Markets [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices [3] Group 2 - Justin van der Toorn, CEO of Greenheart Gold, expressed that the upgrade to OTCQX will enhance company visibility and attract new investors [4] - Greenheart Gold focuses on exploration within the Guiana Shield, a region known for gold deposits, and is led by a team with a successful track record in gold discovery [4] - The company aims to explore and maintain a portfolio of early-stage projects in Guyana and Suriname, targeting orogenic gold deposits [4] Group 3 - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, including the OTCQX Best Market [5] - The company provides critical market infrastructure through its OTC Link Alternative Trading Systems, facilitating trading for broker-dealers [6]
BULGOLD Announces Filing of First Quarter Financial Results For The Three Months Ended March 31, 2025
Globenewswire· 2025-05-23 21:05
Core Viewpoint - BULGOLD Inc. reported a net loss of $119,150 for the first quarter of 2025, with cash and cash equivalents of $252,891 as of March 31, 2024 [1][2]. Company Overview - BULGOLD Inc. is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe [2]. - The company controls 100% of three quartz-adularia epithermal gold projects located in Bulgaria and Slovakia: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project [2]. - Management believes that the company's assets have potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization [2]. Shareholder Information - As of March 31, 2025, BULGOLD had 27,597,928 issued and outstanding shares, with approximately 40.3% held by Founders, Directors, and Management [3].