Rapidly advancing Company's South Cariboo District Gold Project Karus Gold Corp. is pleased to announce that is has completed the first phase of drilling at its Gold Creek project and has commenced drilling at its FG Gold project in the South Cariboo Gold District in British Columbia . A total of 1,374.6 meters in five diamond drill holes were [...]
Karus Gold Corp. is pleased to announce that it has entered into an agreement with Eight Capital in connection with a private placement of up to 5,385,000 units at a price of $0.65 per unit and up to 7,472,000 charity flow through units at $0.87 per charity flow through unit for aggregate gross proceeds of up to C$10,000,890 . Each Unit will [...]
15,000 Meter Drill Program Planned to Expand Known Corridors and Discover New Corridors at Depth and Along Strike Karus Gold Corp. announces that detailed interpretation of the 2020 drill program validates the Company's exploration thesis that structural controls generate repeating higher-grade gold vein corridors within the previously defined [...]
Karus Gold Corp. announces additional high-grade gold drill results including 5.3 m of 10.2 g/t gold and 10 m of 5.5 g/t gold in the Upper Zone of the FG Gold Project, part of the Company's 1,000 square km South Cariboo Gold District in BC. Karus Gold CEO, Andrew Kaip, comments, "Results from the 2020 drilling program continue to expand FG Gold [...]
Karus Gold Corp. advises that as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify disclosure pursuant to the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects regarding the historical resource at the FG Gold project, part of the 100% owned [...]
Karus Gold Corp. announces details on its planned 2021 exploration program on the 1,000 square km South Cariboo Gold District in BC. Karus Gold is planning a multi-staged program to realize the following objectives. Karus Gold CEO Andrew Kaip comments, "Our 2021 exploration program is designed to unlock value of the South Cariboo Gold District and [...]
Karus Gold Corp. announces additional high-grade gold drill results including 12.4 m of 4.3 g/t gold in hole FG-20-376, starting at 239.4 m downhole in the Lower Zone of the FG Gold Project, part of the 1,000 square km South Cariboo Gold Property in BC. Additionally, hole FG-20-376 which intercepted 62.3 m of 1.7 g/t gold, confirms broad [...]
Karus Gold Corp. is pleased to announce that the rights offering previously announced February 1, 2021 for 26,556,228 common shares with gross proceeds of CDN$3,983,434 has closed. Karus Gold remains on track for a TSX Venture exchange listing in Q2 2021. Karus Gold CEO Andrew Kaip commented, "The rights offering saw strong support from our [...]
Karus Gold Corp. is pleased to announce the appointment of Mr. Andrew Kaip as President and CEO effective immediately. As CEO, Mr. Kaip has also been appointed to the Board of Directors. Karus has also appointed Mr. David Whittle as Director and Chairman of the Audit Committee. Karus founder and Executive Chairman, James Hynes, commented, "On [...]
Karus Gold Corp. is pleased to announce that it will be conducting a rights offering to holders of its common shares at the close of business on the record date of Feb 8, 2021. The offering will be for 26,556,228 common shares to raise gross proceeds of CDN$3,983,434. The Rights Offering is being undertaken to provide funds for exploration [...]
Kore Mining Ltd. and Karus Gold Corp. are pleased to announce that they have closed the plan of arrangement previously announced on December 16, 2020, pursuant to which KORE has spun-out its Canadian assets to Karus Gold effective as of 12:01 a.m. on January 25, 2021. KORE CEO and Karus Gold Director, Scott Trebilcock commented, "Karus Gold is well [...]
Kore Mining Ltd. is pleased to announce that with respect to its special meeting of shareholders held today, all of the resolutions were duly passed, including the special resolution to approve the proposed plan of arrangement pursuant to which KORE will spin-out its British Columbia exploration assets to Karus Gold Corp. KORE CEO Scott Trebilcock [...]
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