Pasofino Gold Ltd. is pleased to confirm that, pursuant to its previous news release dated July 8, 2021, the Company's common shares have been consolidated at a ratio of fourteen pre-consolidation shares to one post-consolidation share. The common shares will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open on July 22, 2021. The Company now has 31,608,749 common shares issued and [...]
Pasofino Gold Ltd. is pleased to announce that it is proceeding with its previously announced share consolidation. The Company is targeting Thursday, July 22, 2021 as the date for the consolidation. Pursuant to a special resolution passed by shareholders on December 21, 2020, Pasofino will consolidate its common shares outstanding on a fourteen old for one new basis. On the opening of the market on July 22, 2021, and [...]
Pasofino Gold Ltd. is pleased to announce that it has received results from a further 22 infill holes drilled at the Dugbe F deposit including promising results for the 800 m by 100 m thickened zone, first reported in June[1]. Dugbe F is one of two deposits on the Dugbe Gold Project, in which the Company is earning a 49% economic interest. Highlights Intersections from the thickened zone include the following and are [...]
Pasofino Gold Ltd. announces that on June 24, 2021, it granted 22,650,000 incentive stock options to directors and officers. The incentive stock options have an exercise price of $0.10 per share, are valid for a 5-year period from the date of grant and are subject to regulatory approval. The Company also announces that it has agreed with the independent and non-executive directors to issue 506,737 common shares to such [...]
Pre-Tax NPV5% of USD825 million, Pre-Tax IRR of 34% and AISC of USD893/oz Steady State Average Annual Gold Production of approximately 188Koz Base Case Development Contemplates 14-Year Mine Life Pasofino Gold Ltd. is pleased to announce that it has completed a PEA on the Dugbe Gold Project, which includes both the Dugbe F and Tuzon deposits. The Company is earning a 49% economic interest in the project . HIGHLIGHTS [...]
Pasofino Gold Ltd. is pleased to announce that it has received encouraging results from the first 4 holes drilled since 2014 at the Tuzon deposit on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights 3 of the 4 holes are 'step-out' holes to test the lateral or strike extent of the relatively high-grade 'zone B' of the Tuzon deposit. All 3 have been successful [...]
Pasofino Gold Ltd. is pleased to announce that it has received results from a further 17 holes drilled at the Dugbe F deposit and recognition of an extensive thickened zone. Dugbe F is one of two deposits on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights An area of approximately 800m by 100m within the southern part of the Dugbe F deposit is evident, within which [...]
Pasofino Gold Ltd. "Pasofino" or the "Company") is pleased to announce that it has received results from a further 18 holes drilled at the Dugbe F deposit. The drill results continue to prove the consistency of the grade throughout the deposit. Dugbe F is one of two deposits on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights Of the 36 infill holes drilled within the [...]
Pasofino Gold Ltd. today announced that it has closed a transaction and pursuant to an agreement with QC Copper and Gold Inc. , whereby Pasofino sold its 50% interest in the advanced-stage Roger Gold-Copper Project , located in Quebec's prolific Abitibi Greenstone Belt, to QC Copper . Terms of the Transaction Pasofino transferred its 50% interest in the Project to QC Copper. Pasofino received $1 million in cash and [...]
Pasofino Gold Ltd. is pleased to announce that it has received positive results for trenches on strike from the Tuzon deposit at its Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . The trench results support Pasofino's view that there are opportunities to add to the existing deposits. Highlights A 6 km long Au in soil 'trend' extending south-westwards 'on-strike' from the 2 Moz [...]
Pasofino Gold Ltd. announces that it has amended the terms of the agreement with QC Copper and Gold Inc. , whereby Pasofino is selling its 50% interest in the advanced-stage Roger Gold-Copper Project , located in Quebec's prolific Abitibi Greenstone Belt, to QC Copper . Pursuant to the amendment, the total purchase price under the Transaction remains the same, however the timing for payment of some of the share [...]
Pasofino Gold Ltd. is pleased to announce that it has completed its previously announced marketed public offering of common shares in the capital of the Company , raising aggregate gross proceeds of $9,000,005. The Offering was conducted on a best-efforts agency basis by Stifel GMP as sole agent and bookrunner . Pursuant to the Offering, the Company issued 128,571,500 Offered Shares at a price of $0.07 per Offered Share [...]
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