O2Gold Inc. is pleased to announce that Peter Michel has been appointed as the chief financial officer of O2Gold, effective immediately. Peter Michel is a CPA, CA and obtained a Bachelor of Accounting and Financial Management from the University of Waterloo. Mr. Michel formerly served in leadership roles in both public and private companies with most recent focus in healthcare. Additionally, he worked as a Senior Manager [...]
O2Gold Inc. announced today that, in an effort to preserve cash and strengthen its financial position, it has temporarily suspended its Colombian mining operations, effective immediately for an indefinite period. Management continues in its efforts to secure additional financing and, in parallel, evaluate various strategic alternatives to maximize shareholder value. Management remains committed to restarting its Colombian [...]
This week, a director of O2Gold Inc. , Robert W. Allen, released a statement regarding historical sales of O2Gold's common shares held by Bullet Holding Corp. , a company controlled by Mr. Allen, a forthcoming transfer of additional shares held by Bullet, and his commitment to assist management in any future financings. Allen's statement and Bullet's press release can be found at [...]
O2Gold Inc. announces today the resignations from its board of directors of Fayyaz Alimohamed and Raziel Zisman, effective immediately. The board and management of the Company express their gratitude to Messrs. Alimohamed and Zisman for their efforts and extensive contributions and wish them well in their future endeavours. About O2Gold O2Gold is a mineral exploration company with activities in Colombia. The Company's [...]
O2Gold Inc. is pleased to announce that a second campaign of ground geophysics has increased the overall projected vein extensions and identified three new veins in the brownfield targets of Aparecida, Esmeralda, and Botella. The Company has completed 4,000 meters of drilling, which has yielded an average grade of 7.44 g/t Au in Aurora. Highlights Spontaneous potential ground geophysics increased the vein extensions in [...]
O2Gold Inc. is pleased to announce that Mr. Ryan Ptolemy has been appointed as the chief financial officer of O2Gold. Mr. Ptolemy is a CPA, CGA and CFA charter holder who also attained a Bachelor of Arts from Western University. Mr. Ptolemy serves as chief financial officer to many public and private companies in the resource sector, particularly development-stage companies. Mr. Ptolemy formerly served as chief financial [...]
O2Gold Inc. is pleased to provide an update on its ongoing drill campaign at the Aurora target. Highlights All holes drilled to date have crossed a continuous mineralized zone more than 450 meters in strike, where a quartz vein with sulfides shows a downdip extension of more than 150 meters. The vein's projected extension is 900 meters. So far, the results obtained in the mineralized quartz vein show an average apparent [...]
O2Gold Inc. is pleased to announce that it has begun drilling at its Aparecida brownfield area. Approximately 5 km from the Aurora tunnels, the Aparecida brownfield has been the site of artisanal production going back more than a century. The systematic exploration of the Aparecida area has indicated an anastomosed pattern, with vein mineralization in close proximity. The Company has documented five gold veins in the area [...]
O2Gold Inc. is pleased to announce that it has begun drilling at its Aparecida brownfield area. Approximately 5 km from the Aurora tunnels, the Aparecida brownfield has been the site of artisanal production going back more than a century. The systematic exploration of the Aparecida area has indicated an anastomosed pattern, with vein mineralization in close proximity. The Company has documented five gold veins in the area [...]
O2Gold Inc. is pleased to announce that the latest results from its ongoing drill program confirm the mineralized system of the main Aurora vein located at its property in Colombia at depth. Highlights AUR-21-002, located 100 meters north of hole AUR-21-001, intercepted the main Aurora vein and showed the following results: 0.7m @ 19.26 g/t Au and 10.5 g/t Ag from 23.10m to 23.80m. The gold-silver intercept of hole [...]
O2Gold Inc. is pleased to announce that the latest results from its ongoing drill program confirm the mineralized system of the main Aurora vein located at its property in Colombia at depth. Highlights AUR-21-002, located 100 meters north of hole AUR-21-001, intercepted the main Aurora vein and showed the following results: 0.7m @ 19.26 g/t Au and 10.5 g/t Ag from 23.10m to 23.80m. The gold-silver intercept of hole [...]
O2Gold Inc. is pleased to announce that it has completed its shares for debt settlement with Geominas Serviminas JV that was previously announced on September 3, 2021 . Pursuant to the Shares for Debt Settlement, the Company has issued 800,323 common shares of the Company at a deemed price of $0.22 per share in satisfaction of outstanding debt of approximately $176,000. The common shares issued pursuant to the Shares for [...]
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