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Rocky Shore Announces Closing of Hemlo Area Claims Sale
Globenewswire· 2025-07-04 14:28
Core Viewpoint - Rocky Shore Gold Ltd. has successfully completed a transaction with Barrick Mining Corporation for CAD$975,000, acquiring all Ontario claims owned by the Company [1][2]. Group 1: Transaction Details - The transaction includes all Ontario claims owned by Rocky Shore Gold, including those under a previously terminated option agreement [2]. - The Company retains a variable-rate royalty of up to 0.50% Net Smelter Returns on the claims, with Barrick having the option to buy back 50% of the royalty for a one-time payment of CAD$500,000 [2]. Group 2: Company Overview - Rocky Shore Gold is a Canadian mineral exploration company focused on gold discoveries in central Newfoundland, particularly on its 100% owned Gold Anchor Project [4]. - The Gold Anchor Project is the second largest property in the emerging Central Gold District, covering over 1,200 square kilometers and located near major gold discoveries [4]. - The project contains numerous gold-bearing faults, including the highly prospective Appleton and JBP Fault Corridors [4].
Vanguard Mining Announces Intention to List Share Purchase Warrants on Canadian Securities Exchange
Thenewswire· 2025-07-04 07:05
Core Points - Vanguard Mining Corp. is applying to list 12,690,001 common share purchase Warrants on the Canadian Securities Exchange (CSE) [1][2] - Each Warrant allows the holder to acquire one common share at an exercise price of $0.10 per share before February 6, 2028 [2] - The Warrants are expected to trade under the symbol UUU.WT and will be governed by a warrant indenture with Endeavor Trust Corporation [2][3] Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on discovering and developing high-value strategic minerals [4] - The company is advancing uranium exploration projects in the United States and Paraguay, targeting assets critical to the global energy transition [4] - Vanguard is committed to responsible exploration and value creation through the acquisition and advancement of highly prospective uranium properties [4]
Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects
Newsfile· 2025-07-03 12:00
Core Insights - Ridgeline Minerals Corp. has announced assay results and drilling updates for its Big Blue and Atlas projects, highlighting high-grade mineralization in the Big Blue project [1][2][3] Big Blue Project - The Big Blue project includes three core holes totaling 2,072 meters, targeting induced polarization (IP) geophysical anomalies for high-grade copper-gold skarn and porphyry targets [3] - A significant intercept was reported in hole BB25-003, which returned 0.6 meters grading 0.7% Cu, 3,194 g/t Ag, and 2.6% W, equivalent to 35.3% copper equivalent, starting at a depth of 675.7 meters [4][5] - The Delker Mine corridor, which is part of the Big Blue project, shows high-grade mineralization extending over 500 meters beneath the historic mine and remains open for further exploration [2][4] Atlas Project - The Atlas project involved two core holes totaling 551 meters, aimed at testing for oxide gold mineralization within Pennsylvanian to Permian age limestones and conglomerates [6][18] - Initial results indicate potential for gold mineralization similar to the nearby Dark Star deposit, with observed Carlin-Type alteration and oxide mineralization down to approximately 200 meters [8][18] Future Exploration Plans - The company plans to continue drilling across its other projects, including Selena, Swift, and Black Ridge, with funding secured from partners for the latter three projects [2][19] - The exploration strategy will be refined based on the new drill data, particularly for the Ohio target, which has shown high-grade rock chip samples [5][6]
OROCO CANCELS PRIVATE PLACEMENT
Globenewswire· 2025-07-03 11:00
VANCOUVER, Canada, July 03, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or the “Company”) announces that it has cancelled the $1,500,000 non-brokered private placement previously announced on June 17, 2025. ABOUT OROCO The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares “the Core Concessions” of The Santo Tomas Project, located in northwestern Mexico. The Company also holds an 80% interest in an additional 7,861 hectares of min ...
Azimut Expands its Flagship Elmer Project with the Acquisition of the K2 Property
Globenewswire· 2025-07-03 10:30
Core Viewpoint - Azimut Exploration Inc. has entered into a binding purchase and sale agreement to acquire the K2 Property from Dios Exploration Inc., enhancing its strategic position in the Eeyou Istchee James Bay region of Quebec, Canada [1][2]. Acquisition Details - Azimut will acquire 100% interest in 103 claims covering 54.3 km for a cash payment of C$120,000 and the issuance of 200,000 common shares [2]. - Dios will retain a 2.0% NSR royalty on the K2 claims, with an option to buy down 1.0% NSR for C$3,000,000 [2]. - The agreement is subject to approval by the TSX Venture [2]. Strategic Positioning - The acquisition consolidates Azimut's position along the Lower Eastmain Archean greenstone belt, where an initial gold resource has been defined on the Patwon Zone [3]. - The K2 block includes 25 gold and copper-gold-silver prospects and extends the Elmer Property by an additional 7 km of strike length [3]. - A scoping study is underway to reassess growth opportunities at Elmer, with several drill-ready targets identified nearby [3]. Elmer Property Overview - The Elmer Property now comprises 658 claims (346.6 km) over a 42.8-kilometre strike length, including the newly acquired K2 claims and 32 additional claims [4]. - The property is located 285 km north of Matagami, 60 km east of Eastmain, and 5 km west of the Billy-Diamond Highway, benefiting from excellent infrastructure [4]. Company Profile - Azimut is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Quebec [6]. - The Elmer Gold Project is at the resource stage with 311,200 oz Indicated and 513,900 oz Inferred at a gold price of US$1,800 per ounce [7]. - Significant exploration activities are planned for 2025 on other projects, including Wabamisk and Kukamas [7].
Nine Mile Metals Announces Private Placement Financing
Newsfile· 2025-07-02 20:15
Core Viewpoint - Nine Mile Metals Ltd. is initiating a private placement to raise up to $400,000 through both Flow-through (FT) and Non-flow-through (NFT) units to fund exploration activities and operational expenses [1][4][6]. Group 1: Private Placement Details - The FT private placement will involve the sale of up to 12,500,000 units at a price of $0.02 per unit, aiming for gross proceeds of up to $250,000 [2]. - Each FT unit consists of one common share and one warrant, allowing the purchase of one common share at $0.05 for 36 months [2]. - The NFT private placement will consist of up to 10,000,000 units at $0.015 each, targeting gross proceeds of up to $150,000 [5]. - Each NFT unit includes one common share and one-half warrant, with each full warrant allowing the purchase of one common share at $0.05 for 36 months [5]. Group 2: Use of Proceeds - Proceeds from the FT private placement will be allocated for drilling at the Wedge Project and the California Lake East VMS Trend, specifically Target 6, along with other exploration-related expenditures [4]. - Proceeds from the NFT private placement will be used for operating expenses and general working capital [6]. Group 3: Finder's Fees - Finders for the FT private placement may receive an 8% cash commission and 8% in common share purchase warrants, exercisable at $0.05 for 36 months [3]. - Finders for the NFT private placement may also receive an 8% cash commission and 8% in common share purchase warrants, but these warrants will be exercisable for 24 months [6]. Group 4: Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [7]. - The company aims to explore its four VMS projects, positioning itself for growth in critical minerals required for EV and green technologies [7].
GoldHaven Resources Appoints Steve Vanry as CFO
Globenewswire· 2025-07-02 13:00
VANCOUVER, British Columbia , July 02, 2025 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (CSE: GOH) (“GoldHaven” or the “Company”) is pleased to announce that Mr. Steve Vanry, CFA, has been appointed as Chief Financial Officer of the Company. Mr. Vanry has 25 years of professional experience in senior management positions with public and private companies, providing expertise in capital markets, strategic planning, corporate finance, mergers and acquisitions, regulatory compliance, accounting and financial ...
Pacific Bay Minerals Ltd. Announces $2 Million Private Placement to Advance Pereira-Velho Gold Project in Brazil
Newsfile· 2025-07-02 12:30
Core Viewpoint - Pacific Bay Minerals Ltd. is initiating a non-brokered private placement to raise up to $2,000,000 through the sale of 20,000,000 units at a price of $0.10 per unit [1][3] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.15 per share for 24 months [2] - The company may pay finder's fees of 7% cash and 7% finder's warrants on completed subscriptions, subject to TSX Venture Exchange policies [3] - The offering is expected to close around July 17, 2025, pending regulatory approvals [3] Group 2: Use of Proceeds - Net proceeds will primarily fund the acquisition of the Pereira-Velho Gold Project in Brazil and early-stage exploration [4] - Remaining funds may support exploration on Canadian assets and general corporate activities [4] Group 3: Insider Participation - Certain insiders may participate in the offering, which will be treated as a related party transaction under TSX Venture Exchange Policy 5.9 [5] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements [5] Group 4: Management Changes - Elton Pereira has transitioned to the role of Country Manager, Brazil, aligning with the company's focus on the Pereira-Velho Gold Project [7] Group 5: Company Overview - Pacific Bay Minerals is a Canadian mineral exploration company focused on acquiring, exploring, and developing mining projects, particularly the Pereira-Velho Gold Project in Brazil [8]
South Pacific Metals Appoints Timo Jauristo as CEO
Newsfile· 2025-07-02 11:30
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or "South Pacific Metals" or the "Company") is pleased to announce the appointment of Mr. Timo Jauristo as Chief Executive Officer of the Company, effective June 30, 2025. Mr. Jauristo brings more than four decades of leadership experience with an accomplished career covering global exploration, corporate development, and corporate strategy in the mining sector to South ...
Sable Announces C$1.75 Million Private Placement with Moxico Resources
Globenewswire· 2025-07-02 11:00
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) -- Sable Resources Ltd. (“Sable” or the “Company”) (TSXV:SAE | OTCQB:SBLRF) is pleased to announce that Moxico Resources plc (“Moxico”) has agreed to acquire a 9.9% ownership stake in the Company through the purchase of 31,800,000 common shares (“Shares”) at C$0.055 per Share for a total subscription of C$1,749,000 (the “Private Placement”), subject to ...