New Break Resources Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement offering, through the issuance of 6,106,000 units at a price of $0.075 per Unit, for gross proceeds of $457,950 . Each Unit consists of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder thereof, to purchase one additional Common Share of the [...]
New Break Resources Ltd. is pleased to announce that it has commenced an Induced Polarization survey at its Moray property, located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. The high-resolution Gradient Array IP survey is intended to test for high chargeability sulfides that may be associated with the gold mineralization, and high [...]
New Break Resources Ltd. is pleased to announce that it intends to undertake a non-brokered private placement offering of up to 8,000,000 units at $0.075 per Unit for gross proceeds of up to $600,000 . Each Unit consists of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder thereof, to purchase one additional Common Share of the Company at a price of $0.12 for a [...]
New Break Resources Ltd. announces that it intends to close a non-brokered private placement with a greater than 10% security holder, on July 18, 2024 . The Offering consists of the sale of 1,500,000 flow-through units at a price of $0.11 per FT Unit, for gross proceeds of $165,000. Each FT Unit consists of one common share that will qualify as a "flow-through share" of the Income Tax Act and one common share purchase [...]
New Break Resources Ltd. is pleased to discuss the critical minerals potential of the Moray property, in light of significant developments with respect to contiguous properties. The 8,483-hectare Moray property is located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. . While the principal focus to date at the Moray property has been to [...]
New Break Resources Ltd. is pleased to report that the results of field work comprising the 2023 exploration program on the northern portion of the Moray Project, has yielded numerous prospective gold assays from both grab and channel samples from multiple locations as follows: Table 1: Grab Sampling Program Assays - Trench 8 and Kitchiming Lake West Areas Sample Number Grade Location Program H724806 9.86 TR8 June 2023 [...]
New Break Resources Ltd. announces that it intends to close the non-brokered private placement first announced on December 7, 2023 by February 29, 2024. The Offering consists of the sale of up to 3,750,000 non-flow-through units at $0.08 per Unit for gross proceeds of up to $300,000 and 7,000,000 flow-through units at a price of $0.10 per FT Unit, for gross proceeds of up to $700,000, on the terms as set forth in the news [...]
New Break Resources Ltd. is extremely pleased to announce the addition of Mr. Gord Morrison, B.Sc., to the Company's Board of Directors. Having been an integral part of the discovery of 13 major polymetallic and precious metal deposits, 6 of which are producing mines, with 4 others at the feasibility stage, Gord joins New Break as one of Canada's most successful mine finders and a leader in the mining industry with a deep [...]
New Break Resources is pleased to announce that, further to its news release dated December 7, 2023, it has closed the first tranche of the previously announced non-brokered private placement of flow-through units at a price of $0.10 per FT Unit and non-flow-through units at a price of $0.08 per Unit. The closing of the first tranche of the Offering consisted of 1,250,000 FT Units for gross proceeds of $125,000 and [...]
New Break Resources Ltd. is pleased to announce that it intends to undertake a non-brokered private placement offering of up to 3,750,000 non-flow-through units at $0.08 per Unit for gross proceeds of up to $300,000 and 7,000,000 flow-through units at a price of $0.10 per FT Unit, for gross proceeds of up to $700,000 . The Company will make a provision for an over-allotment option to allow the purchase of up to 1,250,000 [...]
New Break Resources Ltd. is pleased to report that the results from rock chip and grab samples taken from the Sundog Gold Project in Kivalliq Region, Nunavut have identified new gold bearing structures on the property, with half of the eight samples taken grading over 7.5 grams per tonne gold as shown in the following table: Table 1: 2023 Sundog Sample Highlights Sample ID Type Description and Location Grade 211954 Rock [...]
New Break Resources Ltd. is pleased to report that in September 2023, a New Break field team comprised of famed Canadian prospector Ken Reading, Shaun Parent, P. Geo. of Superior Exploration Ltd. and a field assistant, accessed the Sundog Gold Project in Kivalliq Region, Nunavut by float plane from Thompson, Manitoba. The team performed a reconnaissance site visit to confirm access to the project area, assess the impact [...]
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