Gold79 Mines Ltd. announces that it has closed its non-brokered private placement financing raising gross proceeds of $2,210,000 with the issuance of a total of 27,625,000 units at $0.08 per unit . Each unit consists of one common share of the Company and one common share purchase warrant. A total of 27,625,000 warrants were issued entitling the holders to purchase one common share of the Company at a price of $0.12 per [...]
Gold79 Mines Ltd. announces that, as a result of a review by staff of the Ontario Securities Commission, the Company is issuing the following news release retracting and clarifying previous disclosure relating to the Jefferson Canyon Project. The Company's website, corporate presentation and a news release dated January 26, 2021 contained disclosure of an internal mineral resource estimate and related block model [...]
Gold79 Mines Ltd. is pleased to announce that Mr. Derek Macpherson has accepted an appointment to the role of President and Chief Executive Officer of the Company. Mr. Macpherson will formally join the Company in his new role effective May 1, 2021. Mr. Gary Thompson, Executive Chairman and current CEO stated, "I am pleased to welcome Derek to this lead role on the Gold79 management team. I am confident that his capital [...]
Gold79 Mines Ltd. is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of up to a maximum of $2,000,000, comprising 25,000,000 units, at $0.08 per unit . Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.12 per share for a period of 24 months [...]
Gold79 Mines Ltd. is pleased to announce a planned drill program at the Greyhound project located in Nunavut, Canada. In May, project operator Agnico Eagle Mines Ltd. will initiate a diamond drilling program focused on three priority target areas with the objective of identifying gold-bearing structures or veins at two targets and VMS-type mineralization at another target area. The planned drilling program will comprise [...]
Gold79 Mines Ltd. is pleased to announce results from the recent surface exploration work on its Gold Chain Project in Mohave County, Arizona. The Gold Chain project is located in a historic gold mining district in western Arizona. Several companies are advancing the exploration and development of epithermal gold deposits within and adjacent to the Oatman Mining District. Over 2 million ounces of gold have been produced [...]
Gold79 Mines Ltd. is pleased to announce changes to its board of directors with the appointment of Mr. Paul Carrêlo as an independent director effective February 12, 2021. Mr. Derek Macpherson has stepped down as a director of the Company in order to focus on his new role as Senior Vice-President, Investment Banking at Red Cloud Securities Inc. Mr. Carrêlo brings extensive resource investment, mining and investment [...]
Gold79 Mines Ltd. is pleased to provide results from its recently completed soil geochemical survey at its Tip Top Gold-Silver Project located in Nye County within the Walker Lane gold belt of southern Nevada USA. Chairman Gary Thompson stated, "Our recent exploration work at the Tip Top Project has identified a northeast-trending, multi-kilometre long gold-in-soil anomaly. This anomaly encompasses the known gold [...]
Gold79 Mines Ltd. is pleased to provide an update on its Jefferson Canyon Project located 7 km east from the Round Mountain Gold Mine in Nevada USA. Chairman & CEO Gary R. Thompson stated, "Our work at Jefferson Canyon continues to highlight the significant potential of this asset. Our recently identified 4 square kilometre gold-in-soil anomaly, along with compilation of historical data suggests that this is an advanced [...]
Gold79 Mines Ltd. is pleased to provide results from a property-wide soil geochemical survey on its Jefferson Canyon Project located 7 km east from the Round Mountain Gold Mine in Nevada USA. Chairman Gary R. Thompson stated, "We are delighted with the significant extent and intensity of the gold and silver soil anomalies at the Jefferson Canyon Project. While previous exploration in the 1980's completed geophysical [...]
Gold79 Mines Ltd. announces that Minaurum Gold Inc. and its wholly owned subsidiary, Minera Minaurum Gold SA de CV have entered into an option agreement with Fortuna Silver Mines Inc. and Fortuna's wholly owned subsidiary, Compania Minera Cuzcatlan SA de CV , pursuant to which CMC can earn up to an 80 percent interest in the Taviche silver project located in Oaxaca, Mexico. Details with respect to this option agreement [...]
Gold79 Mines Ltd. announces that it has closed its non-brokered private placement financing raising gross proceeds of $288,500 with the issuance of a total of 2,885,000 units at $0.10 per unit . Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 1,442,500 warrants were issued entitling the holders to purchase one common share of the Company at a price of $0.15 per [...]
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