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 [...]
New Break Resources Ltd. is pleased to announce the voting results from the Company's annual general meeting of shareholders held in Toronto on August 24, 2023 . A total of 29,052,820 common shares were represented in person or by proxy at the 2023 AGM, representing 61.07% of the Company's outstanding common shares as at the record date of July 24, 2023. Shareholders voted in favour of all matters brought before the [...]
New Break Resources Ltd. is pleased to announce that the Company has further increased the land position at its Moray property to 8,311 hectares from 5,354 hectares. Moray is located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Since March 1, 2023, New Break has increased its property position at Moray by 6,455 hectares through staking and [...]
New Break Resources Ltd. announces that, further to its news release of June 8, 2023, the Company has successfully completed its common share purchase warrant exercise incentive program . Pursuant to the Incentive Program, holders of certain Warrants with an exercise price of $0.15 and expiring on June 23, 2023 who exercised part or all of their Subject Warrants on or prior to the Expiry Date, would be granted one common [...]
New Break Resources Ltd. announces the repricing of 1,730,000 common share purchase warrants with an exercise price of $0.20 and an expiry date of June 23, 2023 , to $0.15, effective immediately . Following the Warrant Repricing, the Company will have an aggregate of 6,274,200 outstanding warrants, having an exercise price of $0.15 and an expiry date of June 23, 2023 . The Company's management considers the Warrant [...]
New Break Resources Ltd. is pleased to announce that it has closed the acquisition of an additional 2,460 hectares of mineral claims contiguous with 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 acquisition, which increases the Company's land position at Moray to approximately 5,354 hectares, closed on May 23 [...]
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