Mayo Lake Minerals Inc. today announced the resignation of Mr. Tyrell Sutherland as a director effective immediately in order to accommodate demands on his time in combination with the Company's planned realignment of its board in contemplation of its merger with WestMountain Gold Inc. as announced on August 17, 2023 https://www.mayolakeminerals.com/news.html. Mr. Sutherland will remain in the position of Vice-President [...]
Mayo Lake Minerals Inc. is pleased to announce that it has entered into a non-binding letter of intent dated August 2, 2023 with WestMountain Gold Inc. . The LOI outlines the proposed terms and conditions of a possible transaction pursuant to which Mayo and WestMountain would negotiate to seek to effect a three-cornered amalgamation of a wholly-owned subsidiary of Mayo and WestMountain that would result in Mayo indirectly [...]
$1,400,000 Private Placement Term Sheet Dr. Vern Rampton, President & CEO of Mayo Lake Minerals Inc. is pleased to provide the particulars of the Company's 2023 exploration plans on three of its top tier properties situated in the Yukon's Tombstone Gold Belt to be funded by a private placement of up to $1,400,000 . "We see a great opportunity to increase shareholder value with the drilling of two priority gold in soil [...]
Mayo Lake Minerals Inc. is pleased to announce a Private Placement on a 'best efforts' basis consisting of any combination of common share units and flow-through units totaling $1,400,000 with a proposed closing date of on or about May 15 subject to the discretion of the directors. Each CS Unit is comprised of one common share and one-half Common Share purchase warrant . Each whole CS Warrant is exercisable into one [...]
Mayo Lake Minerals Inc. is pleased to announce a Private Placement of up to 7,000,000 common share units at $0.06 per CS Unit for up to $420,000 in gross proceeds on a 'best efforts' basis with a proposed closing date of on or about March 16th subject to the discretion of the directors. Each CS Unit will be comprised of one common share and one whole Common Share purchase warrant . Each whole CS Warrant is exercisable [...]
This press release corrects and replaces certain information in a press release disseminated December 16, 2022 at 11:35am. EST Mayo Lake Minerals Inc. is pleased to announce the results of the Company's 2022 summer diamond drill program at its Carlin-Roop silver discovery in the Keno Hill Silver District, Yukon. The 2022 results, in combination with results of earlier exploration and diamond drill holes from 2020 and [...]
Mayo Lake Minerals Inc. is pleased to announce the results of the Company's 2022 summer diamond drill program at its Carlin-Roop silver discovery in the Keno Hill Silver District, Yukon. The 2022 results, in combination with results of earlier exploration and diamond drill holes from 2020 and 2021, have intersected structures containing above background silver in combination with evidence of fracturing, faulting [...]
Mayo Lake Minerals Inc. announces that following receipt of the complete results from its 2022 exploration program, it has identified multiple meritorious exploration targets to be addressed in 2023. Highly prospective targets for drilling and trenching have been identified at its Carlin-Roop silver project; for drilling throughout the Anderson Gold Trend in the eastern part of its Anderson-Davidson claim group; and for [...]
Assays Anticipated Mid-November through December Mayo Lake Minerals Inc. is pleased to review its early summer diamond drill hole program at its 45 square kilometre Carlin-Roop Silver Project in the Keno Hill Silver District of the Yukon. A total of 1,070 metres of diamond drilling was completed in eight DDHs. They were targeted on the Carlin West Zone as delineated from prospecting, detailed geochemistry and geophysics [...]
4 Separate Projects and Properties Multiple Drill Results at Carlin-Roop anticipated November through December Mayo Lake Minerals Inc. has received the results for 1,621 geochemical samples collected from its Carlin-Roop Silver Project; its Anderson-Davidson Gold and Trail-Minto gold properties; as well as 136 soil gas samples from its Edmonton gold-base metal property. Drilling Update: cutting and logging of all core [...]
Mayo Lake Minerals Inc. is pleased to provide the results of its Annual & Special Meeting for the 2021 fiscal year held at 110 Westhunt Drive, Unit 2, Carp, Ontario. The Meeting was chaired by Dr. Vern Rampton, President & CEO and attended by its directors, officers, and staff while Covid restrictions limited attendance by shareholders via a telephone conference. There were 92,537,897 shares outstanding and eligible to [...]
Property Acquisition Mayo Lake Minerals Inc. is pleased to report the closing of its previously announced adjunct private placement in the amount of 1,433,340 flow through Units for a total of $215,001, slightly over the maximum limit of $200,000 originally set by the Company. Each FT Unit was priced at $0.15 and consisted of one common share qualifying as a flow through share under the Income Tax Act ; and one half of a [...]
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