Gossan

Vortex Metals Completes Trenching, Sampling and Mapping Program To Complete the Environmental Study at the Zaachila Project

Retrieved on: 
Wednesday, September 13, 2023

Following from community agreements in both the Zaachila and Riqueza Marina concessions, field activities commenced in June at both project areas.

Key Points: 
  • Following from community agreements in both the Zaachila and Riqueza Marina concessions, field activities commenced in June at both project areas.
  • At Zaachila, trenching across portions of the exhalite/volcanic breccia/trondjemhite horizon has occurred where historical sampling revealed significant copper values over a "strike" distance of several kilometers.
  • A total of 387 meters of trench have been cut yielding a total of 271 chip samples (excluding QA/QC samples).
  • Mapping of the trenches, along with the limited surface exposures, has provided Vortex with a more complete view of the surface geology (Figure 3).

Canadian North Resources Inc. Announces Financial Results for the First Quarter Ended March 31, 2023

Retrieved on: 
Wednesday, May 31, 2023

TORONTO, May 31, 2023 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“the Company”, TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the financial results for the first quarter ended March 31, 2023.

Key Points: 
  • TORONTO, May 31, 2023 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“the Company”, TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the financial results for the first quarter ended March 31, 2023.
  • Figure 2, Five new targets identified in the exploration claims (156.9km2) outside the mining leases (96.9km2) of the Ferguson Lake Project.
  • The results expanded the mineralized zones totally for 1,500 meters outside the block model for the updated mineral resources estimates filed on June 13, 2022.
  • • For the quarter ended March 31, 2023, the Company reported a net loss of $335,735 or $0.00 per share.

Proactive news headlines including Azure Minerals, Alice Queen, Archer Materials and Alkane Resources

Retrieved on: 
Monday, May 30, 2022

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Key Points: 
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    Critical Resources Ltd (ASX:CRR) has further extended high-grade base metal mineralisation with results from another drill hole at Gibsons prospect within the Halls Peak Project in NSW.
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    GTI Energy Ltd (ASX:GTR)s subsidiary Regener8 Resources NL will close its priority offer by tomorrow, May 31, at 5pm.
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Ascendant Resources Provides Update on Geological and Exploration Activities at Its Lagoa Salgada Property in Portugal

Retrieved on: 
Monday, May 16, 2022

We look forward to initiating future drilling programs as we look to expand the overall resource potential on the greater Lagoa Salgada land package.

Key Points: 
  • We look forward to initiating future drilling programs as we look to expand the overall resource potential on the greater Lagoa Salgada land package.
  • Ascendant retained International Geophysical Technology (IGT) to undertake 2 phases of Deep Penetrating Electromagnetic (DPEM) surveying over the Venda Nova deposit at Lagoa Salgada.
  • Ascendant is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.
  • The Company's interest in the Lagoa Salgada project offers a low-cost entry to a potentially significant exploration and development opportunity, already demonstrating its mineable scale.

Ascendant Resources Intersects 78.5 Meters @ 22.72% Zinc Equivalent of Massive Sulphide in Venda Nova North Deposit at Lagoa Salgada Property Portugal

Retrieved on: 
Tuesday, May 3, 2022

TORONTO, May 03, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) reports assay results from 6 metallurgical holes drilled between November 2021 and March 2022 at the Venda Nova deposit at its Lagoa Salgada Project, Portugal. The scope of the program was designed to generate fresh representative samples to optimize the metal recoveries from the various ore types seen within the Venda Nova as part of the ongoing metallurgical testwork. Samples are being tested at Grinding Solutions Ltd. (“GSL”) in the United Kingdom.

Key Points: 
  • In addition, the new holes (and incorporating previous results) have now identified a new subdomain within the massive sulphides in the north zone.
  • The increased understanding of the various domains is expected to improve the accuracy of metallurgical testing and subsequent results.
  • Four holes were collared in the North Zone and 2 in the South Zone (Tables 1 and 2 and Figure 2).
  • The deposit demonstrates typical mineralization characteristics of Iberian Pyrite Belt VMS deposits containing zinc, copper, lead, tin, silver and gold.

Trailbreaker Resources Expands Multiple High Grade Gold Zones at Atsutla With Phase 2 Sampling and Submits Drilling Permit Application for 2022

Retrieved on: 
Monday, November 1, 2021

Daithi Mac Gearailt, CEO of Trailbreaker, commented: We have now proved the existence of widespread, high-grade gold across all explored areas of the Atsutla Gold project.

Key Points: 
  • Daithi Mac Gearailt, CEO of Trailbreaker, commented: We have now proved the existence of widespread, high-grade gold across all explored areas of the Atsutla Gold project.
  • With the addition of recent staking, the Atsutla Gold Project now covers 37,727 hectares and spans 36 kilometers.
  • Phase 2 analysis of the visible gold zone yielded values up to 222.1 g/t Au and 55 g/t Ag.
  • A permit for diamond drilling at the Atsutla Gold project has been submitted to the British Columbia Ministry of Mines.

Gossan Resources Announces Closing of Private Placement of Flow-Through Units for Aggregate Gross Proceeds of $1.92 Million

Retrieved on: 
Monday, May 17, 2021

In addition, the Company issued an aggregate of 480,000 finder warrants (the "Finder Warrants") to the Finder, being equal to 6% of the aggregate number of FT Units sold under the Offering attributable to the Finder.

Key Points: 
  • In addition, the Company issued an aggregate of 480,000 finder warrants (the "Finder Warrants") to the Finder, being equal to 6% of the aggregate number of FT Units sold under the Offering attributable to the Finder.
  • Prior to the Offering, Mr. Sprott did not beneficially own or control and securities of the Company.\nThe FT Units were acquired by Mr. Sprott for investment purposes.
  • Gossan also has a deposit of high-purity, magnesium-rich dolomite, and holds advance and production royalty interests in a high-purity silica sand deposit.
  • The Company trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra Exchanges and currently has 55,505,400 Common Shares outstanding.\nFor further information, please bookmark www.gossan.ca or contact:\n'

Gossan Resources Announces Fully Subscribed Flow-Through Private Placement

Retrieved on: 
Tuesday, May 11, 2021

b'Winnipeg, Manitoba--(Newsfile Corp. - May 11, 2021) - Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the "Company"or "Gossan") will conduct a non-brokered private placement offering (the "Offering") of 8,000,000 flow through units (each a "FT Unit") at a purchase price of $0.24 per FT Unit for aggregate gross proceeds of $1,920,000.

Key Points: 
  • b'Winnipeg, Manitoba--(Newsfile Corp. - May 11, 2021) - Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the "Company"or "Gossan") will conduct a non-brokered private placement offering (the "Offering") of 8,000,000 flow through units (each a "FT Unit") at a purchase price of $0.24 per FT Unit for aggregate gross proceeds of $1,920,000.
  • His financing will allow Gossan to fund its summer 2021 and winter 2022 exploration programs.
  • The securities issued under the Offering will have a hold period of four months and one day from the closing date.
  • Gossan also has a deposit of high-purity, magnesium-rich dolomite, and holds advance and production royalty interests in a high-purity silica sand deposit.

Gossan Welcomes New Management

Retrieved on: 
Monday, March 1, 2021

Sam, George, and Jason are strong and capable, and like myself are all significant Gossan shareholders.

Key Points: 
  • Sam, George, and Jason are strong and capable, and like myself are all significant Gossan shareholders.
  • Gossan would like to thank James Campbell and Robert Suttie for their dedicated and helpful service to the Company."
  • Gossan Resources Limited holds mineral exploration and development properties located in Manitoba, Northwestern Ontario and Newfoundland.
  • Gossan also has a deposit of high-purity, magnesium-rich dolomite, and holds advance and production royalty interests in a high-purity silica sand deposit.

Gossan Completes $396,000 Private Placement

Retrieved on: 
Thursday, February 25, 2021

Winnipeg, Manitoba--(Newsfile Corp. - February 24, 2021) - Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the "Company") has completed a non-brokered private placement offering (the "Offering") of 6,600,000 units ("Units") of the Company at a purchase price of $0.06 per Unit, for aggregate gross proceeds of $396,000.

Key Points: 
  • Winnipeg, Manitoba--(Newsfile Corp. - February 24, 2021) - Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the "Company") has completed a non-brokered private placement offering (the "Offering") of 6,600,000 units ("Units") of the Company at a purchase price of $0.06 per Unit, for aggregate gross proceeds of $396,000.
  • Gossan Resources Limited continues to seek new financeable resource projects in Newfoundland, Manitoba, Ontario, and throughout North America.
  • Gossan also has a deposit of high-purity, magnesium-rich dolomite, and holds advance and production royalty interests in a high-purity silica sand deposit.
  • The Company trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra Exchanges and currently has 46,856,400 common shares outstanding.