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E2Gold Asserts Exploits Discovery Breached NDA Agreement; E2 Assessing All Options
Newsfile· 2025-07-28 12:30
Core Viewpoint - E2Gold Inc. claims that Exploits Discovery Corp. breached a non-disclosure agreement (NDA) by optioning the Hawkins property from Pavey Ark Minerals, and is pursuing remedies including unwinding the agreement or seeking compensation [1][2]. Group 1: NDA Breach Details - The NDA prohibited Exploits from acquiring any interest in claims within 2 km of E2Gold's existing mineral properties for a period of 2 years, which has not yet elapsed since the agreement [2]. - Exploits announced the optioning of the Hawkins property on May 13, 2025, which is before the 2-year anniversary date of March 24, 2027 [2]. Group 2: Company Response and Strategy - E2Gold's President and CEO, Eric Owens, emphasized that the actions of Exploits are contrary to the essence of the NDA, indicating a lack of forthrightness [2]. - The company is reviewing its business strategies and exploring alternative project opportunities, including potential merger and acquisition scenarios [2]. Group 3: Company Background - E2Gold Inc. is a Canadian gold exploration company with a 541 claim exploration property located adjacent to the Hawkins Property, situated in north-central Ontario, approximately 140 km east of the Hemlo Gold Mine [3].
Red Pine Completes 2024–25 Drilling Program & Initiates Preliminary Economic Assessment Work at Wawa Gold Project
Globenewswire· 2025-07-23 11:45
Core Insights - Red Pine Exploration Inc. has completed its 2024-25 drilling program at the Wawa Gold Project, consisting of 69 drill holes totaling 24,574.5 meters [1][4] - The drilling program achieved its primary goals of expanding the size potential of the Wawa gold deposit and better defining near-surface mineralization [2][4] - Preliminary Economic Assessment (PEA) work has commenced, with expectations to complete it in early H1 2026 [3][5] Drilling Program Details - The drilling program included 25,000 meters planned, with significant results such as 45.38 grams per tonne of gold over 3.13 meters core length [8] - Additional notable assay results include 1.86 g/t Au over 19.09 meters and 14.51 g/t Au over 4.81 meters [8] - A newly discovered gold zone at depth could extend over 940 meters [8] Ongoing Activities - The company is conducting technical and baseline studies to support operational design and permitting, including metallurgical testing and geotechnical work [6] - An environmental and permitting consultant with over 25 years of experience has been engaged to assist in the permitting process [6][8] - The company is fully funded to complete the PEA and commence baseline studies following a successful financing completed on July 9, 2025 [6][8] Quality Assurance Measures - Red Pine implements a QA/QC program that includes inserting external gold standards and blanks every 20 samples [10] - Quarter-core duplicates are routinely taken to evaluate the natural variability of gold mineralization [10] - Approximately 5% of the pulps and coarse rejects analyzed are sent for umpire testing at Agat Laboratories [10] Company Overview - Red Pine Exploration Inc. is a gold exploration company based in Toronto, Ontario, with shares trading on the TSX Venture Exchange and OTCQB Markets [12] - The Wawa Gold Project is located in the Michipicoten Greenstone Belt, an area with significant historical gold mining activity [13]
Avanti Gold Corp. Appoints Martin Pawlitschek, as Non Executive Director of the Board
Newsfile· 2025-07-23 11:30
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - AVANTI GOLD CORP. (CSE: AGC) (the "Company") is pleased to announce it has appointed Martin Pawlitschek as a Director of the Board of the Company. Martin is a geologist and mining executive with over 30 years of international experience in mineral exploration, resource development and mining investment with significant experience in the mining sector in Africa and brings a wealth of experience that will help propel the growth of the Company. "W ...
Pelangio Exploration Announces Drone Survey Underway at Manfo and Nkosuo
Newsfile· 2025-07-16 21:02
Core Insights - Pelangio Exploration Inc. is conducting a high-resolution UAV aeromagnetic survey covering 900 line-kilometers with 50-meter spacing, aimed at enhancing geological interpretation and target ranking for drill testing [1][2] - The survey is approximately 45% completed and is expected to significantly assist in the exploration of the Nkosuo Mining Lease and the broader Manfo project area [1][2] - The company is nearing the completion of an updated Mineral Resource Estimate for the Manfo project, with plans to release it within the current quarter [2] Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich regions, specifically in Ghana and Canada [6] - The company holds two 100% owned properties in Ghana: the 106 km² Manfo property, which has eight near-surface gold discoveries, and the 280 km² Obuasi property, adjacent to AngloGold Ashanti's high-grade Obuasi Mine [6]
Loncor Gold Provides Corporate Update
Newsfile· 2025-07-14 11:00
Core Viewpoint - Loncor Gold Inc. has established a Special Committee of independent directors to review an unsolicited, non-binding offer for a potential transaction, with no assurance that a transaction will occur [1] Group 1: Company Overview - Loncor Gold Inc. is a Canadian gold exploration company focused on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (DRC) [3] - The company has a growing resource base, particularly at the Imbo Project, which includes the Adumbi deposit with an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold) and an inferred mineral resource of 2.090 million ounces of gold (22.508 million tonnes grading 2.89 g/t Au) [3] - 84.68% of these resources are attributable to Loncor [3] Group 2: Special Committee Formation - The Special Committee is tasked with independently reviewing the potential transaction and considering alternative transactions, if advisable [1] - The committee is composed of independent directors: Kevin R. Baker K.C. (Chair), Richard J. Lachcik, and William R. Wilson [1] Group 3: Future Updates - The company will provide further corporate updates as circumstances warrant and in accordance with applicable securities laws [2]
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]