Mining News Releases & Company Updates - Page 136
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Honey Badger Silver Announces Closing of First Tranche of Non-Brokered Private Placement Raising Gross Proceeds of Approximately $2.013 Million
Honey Badger Silver raised $2.013M via private placements to fund exploration in Canada’s northern territories.
Dios Sells K2 to Azimut
Dios explores gold at its Heberto-Gold project; sells K2 property to Azimut for cash and shares, retaining a royalty. Focus on discovering a world-class gold deposit.
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Excellon Announces Appointment of Mike Hoffman to Board of Directors and Provides Corporate Update
Excellon Resources appoints mining veteran Mike Hoffman to its Board to enhance governance and support growth and production strategies.
Arya Resources Ltd. Engages CHF Capital Markets Inc.
Arya Resources partners with CHF Capital Markets for 12 months to boost investor relations, marketing, and capital markets advisory, with an option for share purchase.
Nevada Organic Phosphate Announces Stock Option Grant and Compensation Shares Issuance
Nevada Organic Phosphate granted stock options and issued shares as bonuses, including a related party transaction, to key personnel.
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Auric Announces Letter of Intent with Central Uranium Resources
Auric Minerals Corp. has announced a non-binding letter of intent with Central Uranium Resources Corp. (CURC) to potentially acquire the company. CURC holds rights to the Route 500 Property in Newfoundland and Labrador. The proposed acquisition would involve Auric Minerals Corp. acquiring all of CURC's outstanding share capital in exchange for 12 million common shares and 4.5 million common share purchase warrants. Each warrant can be exercised at $0.20 for a period of 36 months. Completion of the acquisition is dependent on several conditions including due diligence, negotiation of definitive documentation, and required regulatory approvals. Further information will be provided once due diligence is completed.
NewOrigin Shareholders Approve Acquisition with Harfang Exploration Inc.
Shareholders of NewOrigin Gold Corp. have approved a business combination with Harfang Exploration Inc., with 99.38% of votes in favor. The arrangement involves Harfang acquiring all outstanding common shares of NewOrigin. The closing is expected in November 2024, pending approval from the Ontario Superior Court of Justice. Post arrangement, former NewOrigin shareholders will own about 20% of Harfang's common shares. NewOrigin shares will be delisted from the TSX Venture Exchange and the company will cease to be a reporting issuer upon the closing of the arrangement.
Westmount Minerals Focuses on Douay East Gold Project, Announces Director Resignation
Westmount Minerals Corp. has announced a strategic shift in its operations, now focusing solely on precious minerals assets, specifically the Douay East Gold Property located in Quebec. As part of this renewed focus, the company will terminate its non-core properties to concentrate on gold exploration. The Douay East property is within the Casa Berardi Deformation Zone, a prolific gold-producing region. Westmount has conducted extensive exploration programs and surveys on the property and is preparing for diamond drilling to test priority targets.
Besra Gold Inc: Appointment of Canadian Lawyers
Besra Gold Inc has engaged Canadian lawyers to defend the company in legal proceedings, as announced by the board of directors on October 23, 2024. This follows their previous announcement about the initiation of these proceedings on September 27, 2024.
Fairchild Gold Corp. Announces Significant Expansion of Its Land Position at Its Historic Copper Chief High-Grade Copper and Gold Mining Camp in Nevada
Fairchild Gold Corp. has expanded its Copper Chief Property by 74%, acquiring an additional 88 mineral claims, and increasing the total project land to 6.5 square miles. The property, a historic high-grade copper and gold mining camp, is located 35 km Southwest of Las Vegas, Nevada. The expansion was guided by ASTER satellite data analysis, which identified promising extensions of mineralization across the region. The company aims to unlock significant value from this historic mining camp and has already begun fieldwork for comprehensive geochemical analysis.
Big Red Mining Corp. Signs Option to Acquire 100% of Antimony 2.0 Property located In New Brunswick, Canada
Big Red Mining Corp. has agreed to acquire 100% ownership of the Antimony 2.0 Property in New Brunswick, Canada from Edge Exploration Inc. The property, which is approximately 35 square kilometers, has revealed high levels of antimony in soil samples and is relatively unexplored. The company plans to commence exploration work immediately, which includes the analysis of over 400 soil samples and 5 km of Induced Polarization surveying, to identify antimony drill targets to be tested in winter. The property is located near the Lake George Antimony Mine and has excellent access and hydro power availability.
Phenom Commences Drilling on Crescent Valley Gold Project, Nevada
Phenom Resources Corp. has begun drilling at its Crescent Valley Gold Project, located 22 km southwest of Carlin, Nevada. The project is believed to be at the core of the largest quartz vein system in Nevada and bears resemblance to the high-grade SLEEPER Mine. The site is characterized by hydrothermal breccias and veins indicating potential for gold deposits. Phenom also has a 100% interest in the Carlin Gold-Vanadium Project, home to North America's largest primary vanadium resource, and options on three gold projects.
Orestone Las Burras Project Overview and Exploration Plans
Orestone Mining Corp. has provided an overview of the Las Burras-Incahuasi project, which hosts two large porphyry copper-gold-molybdenum systems in Salta Province, Argentina. Despite limited exploration and no work in the area for over a decade, initial drilling has intersected copper-gold and molybdenum over intervals up to 300 meters. The project has not been adequately tested, but Orestone plans to carry out an Airborne Magnetotelluric survey over an 18 square kilometer area to define priority drill targets.
Nevada Organic Phosphate Murdoch Mountain Prospecting Permit to Be Approved, Subject to Providing Reclamation Bond Fee
Nevada Organic Phosphate Inc., a Vancouver-based company exploring for organic sedimentary raw rock phosphate in Nevada, has announced that its subsidiary, Nevagro, can now submit the Murdock Mountain Project Reclamation Bond Fee. This comes after the Deputy State Director for Energy and Minerals at the BLM Nevada State Office signed the Reclamation Bond Letter, allowing the company's drill program to commence. The company aims to be one of the only certified organic rock phosphate producers with large scale potential in North America, bolstered by increasing demand for organic fertilizers.
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