Goldflare Exploration Inc. announces an update about the exploration work on its Goldfields property. The property contains a high density of historic drilled gold showings, hosted in the extension of the Porcupine-Destor fault. The company Iamgold Corporation is currently carrying out pit development of the Fayolle zone, located approximately 700 meters east of Goldflare's drilling program. On May 31st, the Company [...]
Goldflare Exploration Inc. announces the start of a second phase of drilling on the Goldfields project following a first high-grade result of 15.36 g/t over 7.05 meters including an interval of 103.86 g/t over 1 meter from the hole AIG-23-13. The Company provides an update on the work in progress on the Goldfields and Condor projects and is preparing to advance these two projects located in the extension of the [...]
Goldflare Exploration Inc. announces that its board of directors has approved a new "rolling 10%" stock option plan subject to approval of the Company's shareholders. The New Plan has been conditionally approved by the TSX Venture Exchange and will be submitted to the Company's shareholders for approval at its 2023 annual meeting of shareholders. The New Plan will replace the Company's "fixed number" stock option plan [...]
Goldflare Exploration Inc. announces the closing of a flow-through private placement of $324,000 offered to eligible investors at a price of $0.08 per common share. The offering totals 4,050,000 flow-through shares. No insider participated to this placement and $18,000 intermediary fees were engaged. The offering is subject to final approval from the TSX Venture Exchange. The securities to be issued will be subject to a [...]
Goldflare Exploration Inc. announces the grant of 100,000 stock options to directors, officers, and employees. These stock options are granted in accordance with the terms of the stock option plan of the Corporation. Each option entitles the holder thereof to purchase one common share of the Corporation at a price of $0.09 per common share for a period of ten years from June 7, 2023. Goldflare currently has 96,939,291 [...]
Goldflare Exploration Inc. announces the results of three drill holes from a seven drill hole program totaling 1,816 meters on the Goldfields property, 100% owned by the company. The property is located 35km northeast of the city of Rouyn-Noranda, Quebec. The objective of the program was to validate historical grades and to understand the geometry of known mineralization . The Goldfields property contains a high density [...]
Goldflare Exploration Inc. announces that it has completed its 2023 winter drilling program on the Goldfields property; adjacent to the Condor property and located 35 km northeast of the city of Rouyn-Noranda. The property is wholly owned by Goldflare and has 6 mining claims totalling 254 hectares. The Company wanted a quick repositioning on the property considering that Iamgold has recently started the construction and [...]
Goldflare Exploration Inc. announces that it has completed a winter drilling program on the Condor project located 35km northeast of the city of Rouyn-Noranda. The results obtained confirm the extent of the gold anomaly associated with the Condor-1 showing over more than one kilometer. The Syenite Condor project, 100% owned by Goldflare, is located along the extension of the Porcupine-Destor fault in a geological context [...]
Goldflare Exploration Inc. announces the first results of its second phase of drilling on the Syenite Condor property located 35 km north-east of the town of Rouyn-Noranda. Assay results from the first six holes totaling 997 meters have been received with best results of 0.97 g/t over 4.9 meters, followed by 0.7 g/t over 5.9 meters from hole CDR-22- 14. . The new mineralized hole is located about 200 metres northwest from [...]
Goldflare Exploration Inc. announces the closing of a flow-through private placement of $450,000 offered to eligible investors at a price of $0.08 per common share. The offering totals 5,625,000 flow-through shares. No insider participated to this placement and $27,000 intermediary fees were engaged. The offering is subject to final approval from the TSX Venture Exchange. The securities to be issued will be subject to a [...]
Goldflare Exploration Inc. is pleased to announce the appointment of Ms. Sara Pedneault to the Board of Directors of the Company, as an independent director. Ms. Pedneault thus replaces Mr. Martin Bourgoin, independent director for Goldflare since April 21, 2021, who resigned from his position for personal reasons. All members of management and the Board of Directors would like to thank Mr. Bourgoin for the services he [...]
Goldflare Exploration Inc. announces the second phase of drilling on its Condor property was completed with 1,639 metres drilled in ten holes. The Condor property, located at 35 km north-east of the town of Rouyn-Noranda, is centered on the Clericy syenite pluton. Following targeting , 13 blind targets were identified, coherent with a series of structures spaced 200 to 500 metres apart following general north-west [...]