Stone Gold Inc. announces that the recently completed 952 m. diamond drill program at the Mt. Jamie North program contained no significant gold values. The initial drill program on the untested Mt. Jamie North Property consisted of 3 diamond drill holes. The highest assays encountered were in SG-21-002 where silicified and sericitized tuff contained 5% quartz veinlets with trace disseminated pyrite. This zone returned 120 [...]
Stone Gold Inc. announces the appointment of Birks Bovaird to its Board of Directors. Mr. Bovaird is a Consultant, providing advisory services to natural resource companies. For the majority of his career, Mr. Bovaird's focus has been the provision and implementation of corporate financial consulting and strategic planning services. After spending over two decades with various financial institutions, culminating in the [...]
Stone Gold Inc. is pleased to announce that it has received TSX Venture Exchange approval for the option agreement to earn a 100% interest in certain mineral claims in Batchewana Bay, Ontario making up the East Breccia property and the option agreement to earn a 100% interest in certain mineral claims in Batchewana Bay, Ontario making up the Tribag property , previously announced in the Company's March 10, 2021 news [...]
Stone Gold Inc. is pleased to announce that it has completed an initial drill program on the untested Mt. Jamie North Gold Project, located in the western extension of the prolific Red Lake Gold Camp in Ontario. This drill program consisted of 954 metres of diamond drilling that tested three targets. These targets occur in a structural-mineralization corridor within volcanic and sedimentary rocks, key ingredients for the [...]
Stone Gold Inc. is pleased to report that drilling is underway at the Company's Mt. Jamie North Gold Property, located in the western extension of the prolific Red Lake Gold Camp in Ontario, Canada. This initial drill program is designed for a minimum of 900 metres of NQ diamond drilling that will test the gold mineralization potential of three targets. These targets occur in a structural-mineralization corridor within [...]
Stone Gold Inc. is pleased to announce that, further to its news release of February 9, 2021, the Company has entered into an option agreement with current claims holders to earn a 100% interest in certain mineral claims in Batchewana Bay, Ontario making up the East Breccia project and a second option agreement with current claims holders to earn a 100% interest in certain mineral claims in Batchewana Bay, Ontario making [...]
Stone Gold Inc. is pleased to announce that it has signed a diamond drilling contract with Rodren Drilling Ltd. for the Mt. Jamie North property located in Red Lake, Ontario. The preliminary drill program is for a minimum of 900 metres NQ drilling and is expected to be completed by end of March 2021. Stone Gold President and CEO John Timmons states, "We are excited to have the opportunity to drill the untested Mt. Jamie [...]
Stone Gold Inc. is pleased to announce that it has entered into two non-binding letters of intents with current claims holders to earn a 100% interest in certain mineral claims in Batchewana Bay, Ontario making up the East Breccia property and the Tribag Mine property , respectively. The transactions contemplated by the LOIs will provide Stone Gold the option to acquire: a 100% interest in the East Breccia property, over [...]
Stone Gold Inc. is pleased to announce that it has completed the acquisition of the mineral claims in Red Lake, Ontario from EMX Royalty Corp. previously announced in the Company's January 13, 2021 news release. Under the terms of the purchase agreement, EMX received a cash payment of $10,000, the grant of a 1.5% net smelter royalty on the Claims and will be issued 30,000 common shares of Stone Gold at closing in exchange [...]
Stone Gold Inc. is pleased to announce that it has entered into an asset purchase agreement with EMX Royalty Corp. , pursuant to which the Company will acquire certain mineral claims in Red Lake, ON from EMX. Under the terms of the Agreement, EMX will receive a cash payment of $10,000, the grant of a 1.5% net smelter royalty on the Claims and will be issued 30,000 common shares of Stone Gold at closing in exchange for [...]
Stone Gold Inc. is pleased to announce that it has completed a non-brokered private placement, previously announced on December 16, 2020, for aggregate gross proceeds of $500,000 . The Offering consisted of the sale of 2,500,000 flow through units at a price of $0.20 per FT Unit. Each FT Unit consists of one common share of the Company issued on a flow-through basis within the meaning of the Income Tax Act , and one-half [...]
Stone Gold Inc. is pleased to announce that it intends to complete a non-brokered private placement of up to 2,500,000 flow-through units at a price of C$0.20 per FT Unit for gross proceeds of up to C$500,000 . The Company shall reserve the right to increase the size of the Offering by up to 25%, at its discretion. Each FT Unit will be comprised of one common share of the Company one common share of the Company issued on [...]
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