Crown Mining Corp. is pleased to announce it has staked an additional 35 new federal mining claims adjacent to the Engels Mine in the Light's Creek Copper District, in Plumas County, northern California. These claims were staked to cover potential extensions to the high-grade ore that was mined as an underground operation in the early 1900's . Crown's decision to expand its tenement position was prompted by reviews of [...]
Crown Mining Corp. is pleased to announce that it has completed a non-brokered private placement previously announced on December 14, 2018 for aggregate gross proceeds of $160,000. The Private Placement involved the issuance of 1,600,000 units at a price of $0.10 per Unit for gross proceeds of $160,000. Each Unit consists of one common share in the capital stock the Company and one warrant. Each warrant will entitle the [...]
Crown Mining Corp. announces a proposed non-brokered private placement for aggregate gross proceeds of up to $100,000 comprised of up to 1,000,000 units at a price of $0.10 per unit . Each warrant will entitle the holder to purchase one common share for $0.16 at any time within 2 years after closing subject to an acceleration clause. All securities issued pursuant to this private placement will be subject to a four month [...]
Crown Mining Corp. is pleased to announce that it has completed a non-brokered private placement previously announced on September 24, 2018 for aggregate gross proceeds of $100,000. The Private Placement involved the issuance of 1,000,000 units at a price of $0.10 per Unit for gross proceeds of $100,000. Each Unit consists of one common share in the capital stock the Company and one warrant. Each warrant will entitle the [...]
Crown Mining Corp. announces a proposed non-brokered private placement for aggregate gross proceeds of up to $100,000 comprised of up to 1,000,000 units at a price of $0.10 per unit . Each warrant will entitle the holder to purchase one common share for $0.20 at any time within 2 years after closing subject to an acceleration clause. All securities issued pursuant to this private placement will be subject to a four month [...]
Crown Mining is pleased to announce that it has filed a National Instrument 43-101 technical report for its 100% owned Moonlight-Superior Project titled "Technical Report and Preliminary Economic Assessment for the Moonlight Deposit, Moonlight-Superior Copper Project, California, USA" with an effective date of March 2, 2018 and a release date of April 12, 2018. The Preliminary Economic Assessment Study was prepared by [...]
Crown Mining is pleased to announce that it has exercised its option to acquire and completed the purchase of a 100% undivided right, title and interest in its Moonlight property located in Plumas County in northeast California. The option agreement was entered into with Canyon Copper in February 2016 providing the Company with the option to acquire the Property at any time on or before the 36-month anniversary of the [...]
Crown Mining is pleased to report strong results of the Preliminary Economic Assessment completed by Tetra Tech, regarding the Company's Moonlight Copper Project located in Plumas County. Highlights of the PEA Include: Pre-tax Net Present Value : US$ 237M at 8% discount rate Pre-Tax Internal Rate of Return : 16.4% Pre-tax Payback Period: 4.8 years After-tax NPV of US$179M and after tax IRR of 14.6% for the base case [...]
Crown Mining Corp., is pleased to announce that it has completed a non-brokered private placement previously announced on February 8, 2018 for aggregate gross proceeds of $919,200. The Private Placement involved the issuance of 4,596,000 units at a price of $0.20 per Unit for gross proceeds of $919,200. Each Unit consists of one common share in the capital stock the Company and one half of one warrant. Each whole warrant [...]
Crown Mining announces a proposed non-brokered private placement for aggregate gross proceeds of up to $800,000 comprised of up to 4,000,000 units at a price of $0.20 per unit. Each whole warrant will entitle the holder to purchase one common share for $0.25 at any time within 2 years after closing subject to an acceleration clause. All securities issued pursuant to this private placement will be subject to a four month [...]
Crown Mining Corp. is pleased to announce test results from its initial metallurgical testing of mineralized samples from its Moonlight and Superior copper sulfide deposits located in the Light's Creek Copper District, Plumas County, northern California. The metallurgical test work for the Moonlight deposit resulted in a copper recovery of 88% with a concentrate grade of 32.1% copper. The table below provides additional [...]
Crown Mining Corp. is pleased to announce that Peter McRae has been appointed to the Board of Directors, effective immediately. Mr. McRae is a Chartered Professional Accountant and a graduate of the Director's Education Program of the Institute of Corporate Directors with an ICD.D designation. He is currently the Chairman of the board of Freedom International Brokerage Company, Canada's largest inter-dealer broker, and [...]