South Atlantic Gold Inc.

Phoenix Gold Fund Limited of Kuala Lumpur, Malaysia, announces it has acquired an aggregate of 10,000,000 common shares at an average price of C$0.05 of South Atlantic Gold Inc. on December 17, 2021 pursuant to a non-brokered private placement . Phoenix acquired the common shares at a price of C$ 0.05 per share for a total purchase price of C$ 500,000. The Issuer's office is located at Landmark 3 #335-1632 Dickson Avenue [...]

South Atlantic Gold Inc. has completed the previously announced financing wherein the Company has issued today 35,000,000 common shares at a price of $0.05 for gross proceeds of $1,750,000 . Phoenix Gold Fund Limited of Kuala Lumpur, Malaysia, acquired 10,000,000 Shares for consideration of $500,000. Subsequent to the closing of the Offering Phoenix beneficially owns or controls 10,000,000 common shares of the Company [...]

South Atlantic Gold Inc. announces it has increased the previously announced financing wherein the Company has increased the Offering to 35,000,000 common shares of the Company at a price of $0.05 per share for gross proceeds of up to $1,750,000 placement . Proceeds will be used by the Company for exploration expenditures as well as general working capital and administrative purposes. To demonstrate continued support of [...]

South Atlantic Gold Inc. announces it intends to complete a non-brokered private of up to 30,000,000 common shares of the Company at a price of $0.05 per share for gross proceeds of up to $1,500,000 placement . Proceeds will be used by the Company for exploration expenditures as well as general working capital and administrative purposes. Douglas Meirelles, CEO stated, "We anticipate strong support for the Offering [...]

South Atlantic Gold Inc. announces that Mr. Adam Davidson and Mr. S. Mitchel Wasel will be joining the Company's Board of Directors as a result of their election at the 2021 Annual General Meeting held October 22, 2021. Board of Directors Mr. Adam Davidson is currently Chief Executive Officer and director of Trident Royalties PLC, a diversified mining royalty and streaming company. His past experience includes Resource [...]

South Atlantic Gold Inc. is pleased to report that Pedra Branca's Maiden Resource has been completed and is presented under National Instrument 43-101 technical report standards. The resource was completed by the consolidation of historical drilling and Phase 1 Reverse Circulation drilling results with an average depth of 41.2 meters . Highlights - Completed 100% earn-in of the Pedra Branca Project from [...]

South Atlantic Gold Inc. announces that it has conducted a review of the historical data from its 100 percent owned Big Kidd Project, a copper-gold porphyry, located 25 kilometres south of Merritt, British Columbia, Canada. The initial review was conducted to perform a re-analysis of the drilling data with consideration to increased copper prices. Analysis of the historical Induced Polarization and Diamond Drill data has [...]

South Atlantic Gold Inc. is pleased to announce that it's 75 percent earn-in on the Pedra Branca Project, located 280 kilometers southwest of Fortaleza, Ceará State, Brazil has been completed. An audit of the US$1 million in exploration expenditures by South Atlantic from its Phase 1 exploration program has been completed and Jaguar has accepted the results which completes the earn-in requirements for the 75% interest [...]

South Atlantic Gold Inc. is pleased to announce it has received additional positive assay results from its Phase I exploration program at the Mirador Target, within its Pedra Branca Project area, located 280 kilometers southwest of Fortaleza, Ceará State, Brazil. Douglas Meirelles, CEO stated, "We are pleased with the results being reported today. Our Phase 1 program focused primarily on the core targets, but towards the [...]

South Atlantic Gold Inc. is pleased to announce it has completed the Phase I exploration program at its Pedra Branca Project, located 280 kilometers southwest of Fortaleza, Ceará State, Brazil. A consolidation of the entire historical and newly acquired data from the Phase I program includes a total of 122 RC and 90 Diamond Drill holes, representing 5,022 meters of RC drilling and 8,914 m of Diamond Drilling. All drill [...]