Connect with us

Today’s News

Freeman Gold Announces Phase 2 Lemhi Resource Expansion and Beauty Zone Drill Program

Freeman Gold Announces Phase 2 Lemhi Resource Expansion and Beauty Zone Drill Program
Canada NewsWire
VANCOUVER, BC, Oct. 27, 2021

Phase 2 – >4,000 m diamond drill program
>3,200 metres testing strike extensions, primarily to the east and we…

Published

on

Freeman Gold Announces Phase 2 Lemhi Resource Expansion and Beauty Zone Drill Program

Canada NewsWire

Phase 2 – >4,000 m diamond drill program

  • >3,200 metres testing strike extensions, primarily to the east and west of the current resource
  • 400 metre drill hole to test depth extent of gold mineralization at Lemhi
  • 400 metres of exploration drill holes at the Beauty Zone

CANADIAN SECURITIES EXCHANGE: FMAN

VANCOUVER, BC, Oct. 27, 2021 /CNW/ – Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) (“Freeman” or the “Company“) is pleased to announce its Phase 2 diamond drill program at the Lemhi Gold Deposit (“Lemhi“) and the new Beauty Zone (“Beauty Zone“). The proposed >4,000 m drill program focuses on adding near surface, oxide ounces to the recently reported maiden Mineral Resource Estimate on July 8, 2021. Drilling will also test the recently delineated Beauty Zone which lies approximately 600 metres west of Lemhi and host to a number of high-grade gold rock samples and coincident gold soil geochemistry.

“We are embarking on a second phase of diamond drilling focusing on ground (patented mining claims) that gives Freeman the highest probability of adding ounces to our resource base. The on-strike east and west extensions at Lemhi are key as these would provide new ounces within our current conceptual pit outline. As well, the Lemhi deposit has never been tested at depth beyond 286 metres where a number of holes were terminated in gold mineralization. Freeman plans to test mineralization at depth with at least one >400 m drill hole. We are also excited about testing the newly identified high grade Beauty Zone which returned 52 rock samples over 1 gram per tonne (“g/t”) gold (“Au“) and 28 over 10 g/t Au with coincident anomalous gold soil geochemistry,” remarked Paul Matysek, Executive Chairman.

Over 90% of the total drilling is anticipated to occur at Lemhi, while the remaining drilling will test the Beauty Zone. Of the 3,600 metres to be drilled at Lemhi, 3,025 metres are focused on resource expansion on strike down to a maximum depth of 300 metres below surface. These holes will follow up on drill holes from previous campaigns that remain open, such as FG20-24C which returned 0.4 g/t Au over 72 metres on section 429825N. One drill hole will test the depth potential at Lemhi down to 400 metres below surface; the hole will also infill in the shallower portions between drill holes FG20-17C (151m @ 2.5 g/t Au) and 35C (189m @ 0.54 g/t Au). A single infill hole is planned on section 429952N where a gap in the mineralization is present.

Figure 1 shows the proposed drilling plan map. Table 1 provides details on a hole-by-hole basis. Sections referred to on the Table can be viewed at www.freemangoldcorp.com.

Table 1.  Fall 2021 Drilling – Lemhi Project

Hole ID

Project

Azimuth

Dip

Proposed
Depth
(m)

Hole Type

Comment

FG21-001

Beauty

0

-90

100

Exploration

Drill test Beauty Zone

FG21-002

Beauty

230

-65

100

Exploration

Drill test Beauty Zone

FG21-003

Beauty

0

-90

200

Exploration

Drill test Beauty Zone

FG21-004

Lemhi

0

-90

400

Resource
Expansion & Infill

Test Mineralization at depth.  Section 430000N. Infill between
FG20-17C (151m @ 2.5 g/t Au)  and 35C (189m @ 0.54 g/t
Au). 

FG21-005

Lemhi

270

-68

250

Resource
Expansion

90m stepout to the West.  Section 429625N

FG21-006

Lemhi

270

-70

250

Resource
Expansion

Step out to the southwest.  Section 429700N.

FG21-007

Lemhi

0

-90

250

Resource
Expansion

Step out to the southwest.  Section 429775N.

FG21-008

Lemhi

0

-90

250

Resource
Expansion

90m step out to the Southwest.  Follow up FG20-24C (72m @
0.4 g/t Au) and 1980’s drilling.  Section 429825N.

FG21-009

Lemhi

0

-90

300

Resource
Expansion

Step out to the East.  Section 429800N

FG21-010

Lemhi

0

-90

300

Resource
Expansion

Step out to the East.  Section 429850N

FG21-011

Lemhi

0

-90

300

Resource
Expansion

90m stepout to the West.  Section 429900N

FG21-012

Lemhi

0

-90

300

Resource
Expansion

40m stepout to the West of 1980’s drilling.  Section 429950N

FG21-013

Lemhi

0

-90

250

Infill

Infill gap in drilling in resource area.  Section 429950N.

FG21-014

Lemhi

0

-90

225

Resource
Expansion

Stepout 40 m to the North-East.  Section 429975N

FG21-015

Lemhi

0

-90

300

Resource
Expansion

90m stepout to the West.  Section 429975N

FG21-016

Lemhi

0

-90

300

Resource
Expansion

85m stepout to the West.  Section 430000N

All drill rock samples are sent to ALS Minerals Division, Vancouver, BC, an independent and fully accredited laboratory in Canada for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy. Freeman has a regimented Quality Assurance, Quality Control program where at least 10% duplicates, blanks and standards are inserted into each sample shipment. Rock grab samples are by their nature selective and are not necessarily indicative of the general geology or the grade within the Lemhi Gold property.

About the Company

Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property (the “Lemhi Project“). The Lemhi Project comprises 30 square kilometers of highly prospective land. The project hosts a near surface, shallow, high grade oxide gold resource. The pit constrained National Instrument 43-101 (“NI 43-101“) compliant mineral resource estimate is comprised of 749,800 ounces (“oz”) gold at 1.02 grams per tonne in 22.94 million tonnes (Indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). See the NI 43-101 technical report  titled “Maiden Resource Technical Report for the Lemhi Gold Project, Lemhi County, Idaho, USA” with an effective date of June 1, 2021, and signing date of July 30, 2021, as prepared by APEX Geoscience Ltd. and F. Wright Consulting Inc. available under the Company’s profile on SEDAR (www.sedar.com). The Company is focused on growing and advancing the Lemhi Project towards a production decision. The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geol., VP Exploration of the Company and a Qualified Person as defined by NI 43-101.

On Behalf of the Company
William Randall
President & CEO

Forward Looking Statements: This press release contains “forward–looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to its future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties, and assumptions. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/freeman-gold-announces-phase-2-lemhi-resource-expansion-and-beauty-zone-drill-program-301409893.html

SOURCE Freeman Gold Corp.








Author: Author

Today’s News

Adamera Extends Warrants

Vancouver, B.C. – TheNewswire – December 03 , 2021 – Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) is seeking approval from the TSX Venture Exchange to…

[nxtlink id=

Vancouver, B.C. – TheNewswire – December 03 , 2021 – Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) is seeking approval from the TSX Venture Exchange to extend the terms of certain warrants which would otherwise expire on January 11, 2022. 4,166,667 warrants granted on July 11, 2018, with the original expiry date of July 11, 2021, are now extended to expire on January 11, 2023, with each warrant entitling the holder to purchase one common share of the Company at $0.12 per share. The warrants are still subject to an accelerated expiry date, which comes into effect when the price of the Company’s common shares on the TSX Venture Exchange closes at a price of $0.20 or more per share during any ten consecutive trading day period. In such an event, the expiry date will be accelerated to a date that is 30 days after the Company’s shares trade for ten consecutive days at or above $0.20.

The company is also seeking to extend 6,875,000 warrants granted on June 22, 2020, with the exercise price of $0.10 and original expiry date of June 22, 2021, and 4,525,000 warrants with an exercise price of $0.10 granted on July 2, 2020, with an expiry date of July 2, 2021 will be extended to a date of December 22, 2022 and January 2, 2023.

About Adamera

Adamera Minerals Corp. is exploring for a high-grade gold deposit near Republic Washington. This area has reportedly produced 8 million ounces of gold. Adamera is the dominant regional explorer in the area.

 

On behalf of the Board of Directors,

Mark Kolebaba
President & CEO

 

For additional information please contact:
Email:
[email protected]
Website:
www.Adamera.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

 

Copyright (c) 2021 TheNewswire – All rights reserved.



Author: Author

Continue Reading

Today’s News

Three new Directors Elected at the GreenFirst AGM

Three new Directors Elected at the GreenFirst AGM
Canada NewsWire
TORONTO, Dec. 3, 2021

TORONTO, Dec. 3, 2021 /CNW/ – GreenFirst Forest Products Inc. (TSXV: GFP) (“GreenFirst”) is pleased to announce Barbara Anie, David Chartrand, and W. Sean Willy…

Three new Directors Elected at the GreenFirst AGM

Canada NewsWire

TORONTO, Dec. 3, 2021 /CNW/ – GreenFirst Forest Products Inc. (TSXV: GFP) (“GreenFirst”) is pleased to announce Barbara Anie, David Chartrand, and W. Sean Willy have been elected to the GreenFirst Board of Directors at its Annual General Meeting (“AGM”) on December 2, 2021.  Directors, Hassan Raza Baqar, Richard E Govignon, and Andrew McIntyre did not stand for re-election.  Paul Rivett, Rick Doman, William G. Harvey, Michael Mitchell, Marty Proctor, and Larry G. Swets Jr were re-elected at the meeting.

“We are honoured to welcome Barbara Anie, David Chartrand and W. Sean Willy to our Board.  At this exciting time for GreenFirst, their significant corporate governance expertise and business acumen will contribute to the strategic growth of the Company.” said Paul Rivett, Chairman. ” We would also like to express my appreciation to Hassan Raza Baqar, Richard E Govignon, and Andrew McIntyre for their valuable advice and counsel to the Company.

New Directors Profiles:

Barbara Anie is an experienced media marketer with over 17 years of expertise specializing in Brand Partnerships/Strategic Solutions and Digital Sales/Strategy with a Bachelor of Commerce degree from Ryerson University. Currently, she leads the go-to-market strategies for key accounts & corporate partnerships across Torstar. Prior to Torstar her marketing media experience was sought through her employment at Bell Media and the Canadian Broadcasting Corporation. Ms. Anie is an active volunteer with a focus on philanthropy and advocacy, this includes being on the Board of Directors for the “Schools of Dreams” charity (re-building schools in Ghana), West Park Foundation, and Toronto Botanical Gardens. She is a co-chair of Torstar’s Diversity & Inclusion committee’s leading the Talent, Acquisitions and Outreach pillar. Ms. Anie is a member of ICD, Institute of Corporate Directors and resides in Toronto, Ontario, Canada.

David Chartrand has been providing leadership and governance at the provincial, national and international levels within the Métis Nation for the past 24 years. After leaving the Department of Justice with the Province of Manitoba in 1996, he was elected President of the Manitoba Métis Federation in 1997 and is the longest serving President of the MMF, devoting his career to human rights, education, child welfare, economic development, justice, and veteran’s issues. In recognition for his years’ work, he has received an honorary Doctorate in Law presented by the University of Winnipeg, the Order of Manitoba, the Sovereign Medal from Canada, and the Order of the Metis Nation from his people. Mr. Chartrand’s reputation extends beyond Canada. His knowledge and experience with economic development has resulted in many invitations as a featured speaker around the globe.

Sean Willy was appointed President & Chief Executive Officer of Des Nedhe Group in August 2017, after a 25-year career in the resource industry. With roots in the Denesuline and Metis communities, Sean, a member of the North Slave Metis Alliance, brings an understanding of the expectations and needs of Indigenous people. In his career Sean has developed and implemented some of the most innovative Indigenous Inclusion and value added CSR strategies for companies such as Rio Tinto and Cameco Corporation.  He has always strived to ensure Indigenous peoples are seen as a full partner in long-term relationships.   Sean is a board member for TELUS Corporation, and the Ronald McDonald House Charities Saskatchewan.  He also currently sits as a member of the Canadian government’s Indigenous Innovation Housing Committee.  Sean has served as past co-chair of the Canadian Council for Aboriginal Business. 

“At the meeting shareholders representing approximately 43.3% of the outstanding common shares voted with at least 99.8% voting in favour of each nominated director and the appointment of the auditors and at least 96.4% voting in favour of the adoption of a new Omnibus Equity Compensation Plan, the continuance of GreenFirst into Ontario and authorizing the directors to increase the size of the board in between shareholder meetings.”

About GreenFirst 
GreenFirst is a forest-first business, focused on sustainable forest management and lumber production.   We believe that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products. GreenFirst has seven Sawmills in Ontario and Quebec and one Paper Mill in Ontario. GreenFirst’s long-term vision is to be an environmental leader in the global forestry industry.

For more information, please visit: www.greenfirst.ca.  

Forward Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact are forward-looking statements. Forward looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend”, “estimate” or the negative of these terms and similar expressions. Forward-looking statements are based on certain assumptions and, while GreenFirst considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. In addition, forward-looking statements necessarily involve known and unknown risks, including those set out in GreenFirst’s public disclosure record filed under its profile on www.sedar.com. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. GreenFirst disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE GreenFirst Forest Products Inc.




cameco corporation

Author: Author

Continue Reading

Today’s News

Copaur Minerals and New Placer Dome Gold Corp. Announce Transaction to Combine to Advance Properties in Nevada and British Columbia

Not for distribution to U.S. news wire services or dissemination in the United States.VANCOUVER, BC / ACCESSWIRE / December 3, 2021 / Copaur Minerals Inc….

Not for distribution to U.S. news wire services or dissemination in the United States.

VANCOUVER, BC / ACCESSWIRE / December 3, 2021 / Copaur Minerals Inc. (CPAU) (“Copaur Minerals”) and New Placer Dome Gold Corp. (TSXV:NGLD)(OTCQB:NPDCF)(FSE:BM5) (“New Placer Dome“) are pleased to announce the execution of a Binding Letter Agreement dated November 30, 2021 (the “Letter Agreement“) pursuant to which Copaur Minerals will acquire all of the issued and outstanding common shares of New Placer Dome in an arm’s length transaction (the “Transaction“). The combination of Copaur Minerals and New Placer Dome will create a leading gold-copper exploration and development company with a portfolio of assets in two of North America’s foremost mining districts, the Toodoggon/Golden Horseshoe mineral district of Northeastern British Columbia and the Great Basin gold district of Nevada. The purpose of this transaction is to bring together a combination of technical expertise, leadership and financing capability. The combined company will have a stable platform for future growth. The management and advisors of the combined company have recently demonstrated the ability to create significant shareholder value by rapidly advancing projects and raising capital.

Transaction Highlights

  • Experienced Leadership: The senior executive team, comprising of directors, advisors and consultants have extensive experience in capital raising. The combined company will be managed by an award-wining team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance; with the proven ability to generate significant shareholder appreciation.
  • Liberty Gold Corp. in Favor of Transaction: Liberty Gold is a 15.3% shareholder of New Placer Dome and is in full support of the Transaction and will remain a significant shareholder of the combined company with Cal Everett (Liberty Gold, President & CEO) remaining as an advisor.
  • Enhanced market profile: The Transaction creates a larger, well-funded, gold-copper exploration company with an enhanced market and growth profile that is well positioned to benefit from exploration success across the combined portfolio of assets.
  • Geographic diversification: The combined company will have a diverse, highly prospective portfolio of assets in two of North America’s most prolific mining jurisdictions that provide the potential to pursue year round exploration programs.
  • Significant exploration upside: Significant upside potential through a combined multi-asset exploration portfolio ranging from resource-development to high-potential exploration, including gold-copper porphyry targets at the Williams Gold-Copper property and Carlin-style mineralization at the Kinsley Mountain project.
  • Strong balance sheet: The combined company will be well-capitalized to fund the advancement of the combined portfolio of assets through the combined cash balances of both companies and completion of a concurrent equity financing of a minimum of $5 million and up to a maximum of $15 million.
  • Significant premium: An immediate and significant premium to the New Placer Dome shareholders of 61% based on November 30, 2021 close of $0.09 and 55% based on both companies’ 20-Day VWAPs.

Copaur’s CEO Jeremy Yaseniuk commented: “This bold and strategic acquisition of New Placer Dome and its gold projects in Nevada together with our 100% owned Williams Gold-Copper property in Northern British Columbia will create an exciting new precious metals exploration company with a multi-asset portfolio across two of North America’s most prolific mining jurisdictions. The combined entity will be a larger company that is well funded following New Placer Dome’s recent financing and Copaur Minerals’ substantial in-the-money warrant and option proceeds and the proposed concurrent financing. This will ensure the combined entity will have adequate capital to fund remaining asset option payments and rapidly advance the combined company’s projects. With this enhanced balance sheet and capital market profile the combined company will be better positioned to attract capital and pursue broader capital market initiatives.”

New Placer Dome’s CEO Maximilian Sali commented: “We are pleased to be combining with Copaur Minerals, a group that we are confident has the expertise and resources to execute our vision and deliver value to our shareholders through exploration and expansion of the combined portfolio of properties in Nevada and British Columbia.”

Share Exchange

Under the terms of the Letter Agreement, New Placer Dome shareholders will receive, for each common share of New Placer Dome held, 0.1182 common shares of Copaur Minerals (the “Exchange Ratio“). All existing share purchase warrants and stock options to acquire New Placer Dome shares will also be exchanged for share purchase warrants and stock options to acquire common shares of Copaur Minerals adjusted to reflect the Exchange Ratio, provided that the term of any options held by an existing option holder that will not be continuing as a director, officer, employee or consultant of Copaur Minerals post-completion of the Transaction will be subject to a maximum of 12 months. The share exchange represents a premium of 61% to New Placer Dome shareholders based on the closing price of each company on the TSX-V as of the market close on November 30, 2021 and a 55% premium to the 20-day volume weighted average price of each company on the TSXV as of market close on November 30, 2021. Upon completion of the Transaction, New Placer Dome will become a wholly owned subsidiary of Copaur Minerals, and former shareholders of New Placer Dome will hold approximately 47% of the shares of Copaur Minerals on an outstanding shares basis prior to the Concurrent Financing (as deined below).

Concurrent Financing

In connection with and as a condition closing of the Transaction, Copaur Minerals and New Placer Dome will combine their efforts to pursue a concurrent financing in Copaur Minerals, New Placer Dome or both of them to raise gross proceeds of a minimum of $5 million and up to a maximum of $15 million at a price and on terms to be mutually agreed by the parties (the “Concurrent Financing“). Proceeds of the Concurrent Financing will be used to advance the exploration portfolio of the combined entity, for the remaining option payment on New Placer Dome’s Kinsley Mountain property and for general working capital purposes. The terms of the Concurrent Financing will be approved in advance and in writing by both Copaur Minerals and New Placer Dome.

Financing for the Bolo Property

Copaur Minerals will make available to New Placer Dome a US$840,000 convertible loan (the “Loan“) to fund the ongoing exploration work on the Bolo Property and to meet the 2021 work expenditure commitment. The Loan will be convertible at the sole election of Copaur Minerals into units of New Placer Dome (“Units“) at a price of $0.08 per Unit by Copaur Minerals providing written notice to New Placer Dome during the currency of the Loan. Each Unit will consist of one common share of New Placer Dome and one common share purchase warrant with each warrant exercisable into one common share of New Placer Dome at a price of $0.12 per share for a period of 36 months.

Board and Management Team

The senior executive team and the Board of Directors of the combined company will draw from the extensive experience and expertise of both companies. It is proposed that a minimum of two seats on the Board of Copaur Minerals will be available for New Placer Come representatives, subject to Copaur Minerals approving of the proposed nominees by New Placer Dome and such nominees complying with applicable corporate laws and the rules of the TSXV in connection with such appointment, resulting in a board of up to seven directors. It is also contemplated that the management team will be comprised of the current management team of Copaur Minerals and certain additional key members of the management team of New Placer Dome.

Due Diligence

In order to advance the Transaction to the point where a Definitive Agreement can be negotiated, each of the parties will conduct customary due diligence on the other party and following completion of satisfactory due diligence reviews, the parties expect to negotiate and execute a definitive agreement (the “Definitive Agreement“) on or before January 21, 2022.

To expediate the due diligence process on behalf of Copaur Minerals, the Metals Group has been engaged to conduct technical due diligence on New Placer Dome’s three Nevada properties.

New Placer Dome’s Board of Directors have determined that subject to satisfactory completion of due diligence, the proposed Transaction is in the best interest of shareholders and have approved entering into the Letter Agreement. The proposed Transaction is expected to be completed in late March, 2022 or such other date as the parties may agree. In addition to shareholder approval, the proposed Transaction will be subject to applicable regulatory and court approvals and the satisfaction of other customary conditions.

Transaction Structure and Definitive Agreement

The proposed Transaction will be set out in mutually acceptable, negotiated, definitive transaction agreements, including the Definitive agreement with New Placer Dome and voting and support agreements with all officers, directors and insiders of New Placer Dome, including any shareholder holding in excess of 10% of the issued and outstanding common shares of New Place Dome. The Definitive Agreement will include customary provisions for transaction of this nature including representations and warranties, covenants, deal protections and conditions to closing, including fiduciary-out provisions, covenants not to solicit other acquisition proposals and the right to match any superior proposal and a termination fee as a result of New Placer Dome accepting a superior proposal or completing an alternative proposal within 12 months of termination of the Transaction.

The Transaction will be effected by way of a court approved Plan of Arrangement to be completed under the British Columbia Business Corporations Act. The proposed Transaction will require the approval of (i) at least 66 2/3% of the votes cast by the shareholders of New Placer Dome and (ii) at least 66 2/3% of the votes cast by the shareholders of New Placer Dome and the holders of options and warrants, voting together as a single class, at a special meeting of New Placer Dome securityholders that will be called to consider the Transaction. Upon completion of the Transaction, the former shareholders of New Placer Dome will own approximately 47% of the Copaur Minerals shares on an outstanding shares basis (prior to the Concurrent Financing). New Placer Dome’s outstanding options and warrants will be exchanged for Copaur Minerals options and warrants and adjusted in accordance with their terms such that the number of Copaur Minerals shares received upon exercise and the exercise price will reflect the consideration described above.

Upon completion of the Transaction, New Placer Dome’s shares will be de-listed from the TSX Venture Exchange and it is expected that Copaur Minerals will apply to cause New Placer Dome to cease being a reporting issuer under applicable Canadian securities laws. Upon execution of the Definitive Agreement, the full details of the proposed Transaction will be included in the management information circular to be filed with regulatory authorities and mailed to New Placer Dome shareholders in accordance with applicable securities laws. No finder’s fee will be payable in connection with the Transaction.

Copaur Minerals is a Canadian based TSXV-listed copper-gold mining company whose primary asset is the 100%-owned Williams Gold-Copper property (“Williams” or “the Property“) that spans across 5,159 hectares of land package in Northeastern British Columbia. Williams is a highly prospective exploration property which hosts a large, partially tested 3.0 km by 2.0 km gold-in-soil anomaly and an early stage 1.8 km wide copper porphyry target. Historical work on Williams includes 6,759 meters of diamond drilling over 31 holes, rock and soil sampling, trenching and geophysical surveys. Copaur Minerals remains focused on continuing exploration at the Property.

Qualified Person

The scientific and technical information contained in this news release regarding Copaur Minerals Inc. has been reviewed and approved by Alvin Jackson P. Geo, a Director of Copaur Minerals Inc. and a “Qualified Person” as defined in National Instrument 43-101.

For more information, please contact:

Copaur Minerals Inc.
Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: [email protected]

About New Placer Dome Gold Corp.

New Placer Dome Gold Corp. is a gold exploration company focused on acquiring and advancing gold projects in Nevada. New Placer Dome’s flagship Kinsley Mountain Gold Project located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture, Nevada Gold Mines), hosts Carlin-style gold mineralization, previous run of mine heap leach production, and NI 43-101 indicated resources containing 418,000 ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and inferred resources containing 117,000 ounces of gold averaging 1.51 g/t Au (2.44 million tonnes)1. The Bolo Project, located 90 km northeast of Tonopah, Nevada, is another core asset, similarly hosting Carlin-style gold mineralization. New Placer Dome also owns 100% of the Troy Canyon Project, located 120 km south of Ely, Nevada. New Placer Dome is run by a strong management and technical team consisting of capital markets and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Qualified Person

The scientific and technical information contained in this news release as it relates to New Placer Dome has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC), Principal and

Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of New Placer Dome and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein.

For more information, please contact:

New Placer Dome Gold Corp.
Max Sali, Chief Executive Officer & Director
Tel: 604 620 8406
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

The information in this news release has been prepared as at December 3, 2021. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “expected”, “may”, “will” or similar terms. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Copaur Minerals and New Placer Dome as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements in this press release relate to, among other things: anticipated benefits of the Transaction to Copaur Minerals and New Placer Dome and their respective shareholders; the timing and receipt of required shareholder, court, stock exchange and regulatory approvals for the Transaction; the consideration to be paid to New Place Dome shareholders and the treatment of New Placer Dome options and warrants under the Transaction; the ability of Copaur Minerals and New Placer Dome to satisfy the conditions to, and to negotiate and execute a definitive agreement and to complete, the Transaction; the anticipated timing for executing a definitive agreement; the anticipated timing of the mailing of the information circular regarding the Transaction; the timing for closing of the Transaction; analyst coverage, liquidity and access to capital markets of Copaur Minerals; length of the current market cycle and the requirements for an issuer to survive the current market cycle and future growth potential for Copaur Minerals and New Placer Dome. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: satisfaction or waiver of all applicable conditions to closing of the Transaction including, without limitation, receipt of all necessary securityholder, court, stock exchange and regulatory approvals or consents, completion of the concurrent financing and lack of material changes with respect to the parties and their respective businesses; the synergies expected from the Transaction not being realized; business integration risks; fluctuations in general macro-economic conditions; that New Placer Dome may lose or abandon its property interests or may fail to receive necessary licences and permits; the loss of key directors, employees, advisors or contractors; fluctuations in securities markets and the market price of Copaur Minerals’ and New Placer Dome’s shares; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; the impact of Covid-19 or other viruses and diseases on the ability to operate; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks and uncertainties relating to the interpretation of exploration result; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining; adverse weather or climate events; increase in costs; equipment failures; litigation; competition; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; title to properties; the failure to meet the closing conditions thereunder and the failure by counterparties to such agreements to comply with their obligations thereunder. In addition, New Placer Dome may in certain circumstances be required to pay a non-completion or other fee to Copaur Minerals, the result of which could have a material adverse effect on New Placer Dome’s financial position and results of operations and its ability to fund growth prospects and current operations. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Copaur Minerals and New Placer Dome expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Copaur Minerals or New Placer Dome’s expectations or any change in events, conditions or circumstances on which any such statement is based.

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.‘s Issuer Profile on SEDAR (www.sedar.com)

SOURCE: New Placer Dome Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/676052/Copaur-Minerals-and-New-Placer-Dome-Gold-Corp-Announce-Transaction-to-Combine-to-Advance-Properties-in-Nevada-and-British-Columbia









Continue Reading

Trending