Gold79 Mines announces with great sadness the passing last week of the Company's longest standing Director, Dr. James M. Franklin. Dr. Franklin, or Jim to his many colleagues across academia and the minerals industry, served as a Director of Gold79 and its predecessor Aura Resources, from its inception in 2003. In 1996, Jim was elected a Fellow of the Royal Society of Canada's Academy of Science and in 2019 he was [...]
Gold79 Mines is pleased to announce that it has completed a trenching program along the Tyro Main vein including mapping and sampling as announced on May 2, 2024. A total of 15 trenches were completed over 358 m. Results are pending from the 217 samples taken. Assay results are expected in 4 to 6 weeks. Preliminary results from the work completed include: Three trenches were cut at or a little south of the intersection of [...]
Gold79 Mines is pleased to announce that it has made the final acquisition payment of US$25,000 to the vendor of the Tip Top project. Gold79 now owns 100% of the Tip Top Project in Nevada. Derek Macpherson, President and CEO stated, "When I joined Gold79 three years ago, my view was that any one of our projects could justify our market capitalization at that time. This included the Tip Top project where the 154 historical [...]
Gold79 Mines is pleased to announce the closing of a first tranche of its non-brokered private placement financing, raising gross proceeds of $718,250 through the issuance of 2,873,000 units at $0.25 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 1,436,500 whole warrants were issued, with each warrant entitling the holder to purchase one common share [...]
Gold79 Mines Lis pleased to announce that it has finalized the design for its systematic trenching program along the Tyro Main Zone to follow-up the high-grade drill intercepts from 2023 and better understand the gold distribution along strike. Work is expected to start the week of May 6, 2024. The key objectives of this program are: Better understand the intersection of the Whitespar Fault and Tyro Main Zone where 2023 [...]
Gold79 Mines Ltd. announces that further to its news release dated April 11, 2024, Gold79 has received approval from the TSX Venture Exchange for its one-for-10 share consolidation. The consolidation will be effective at market open on April 22, 2024. The Company name will be unchanged and its common shares will continue to trade under the symbol AUU on the TSX Venture Exchange and under the symbol AUSVF on the OTC [...]
Gold79 Mines Ltd. is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of up to $1,000,000, comprising 4,000,000 post-consolidation units , at $0.25 per Unit . Each Unit will consist of one post-consolidation common share of the Company and one-half post-consolidation common share purchase warrant, each whole warrant will entitle the holder to purchase one common share of the [...]
Gold79 Mines Ltd. is pleased to announce that it has defined an exploration target at the Tyro Main Zone, the first potential resource area, on the Gold Chain Project in Arizona . Gold79 believes that the Tyro Main Zone has the potential for 15.6 to 31.2 Mt grading 1.5 to 2.5 g/t Au. This is based on previous exploration on the property, including 685.7 metres of drilling along with surface sampling , sampling of [...]
Gold79 Mines Ltd. is pleased to provide an update on the permitting process at its Jefferson Canyon project, in Nevada. The original Plan of Operations for Jefferson Canyon was submitted in July 2021 and the cultural and biological studies were completed and submitted in Q2 2022. Gold79 received feedback on the proposed areas of disturbance relative to identified cultural sites in March 2023. After multiple revisions to [...]
Gold79 Mines Ltd. announces that it has issued 2,062,548 common shares of the Company in connection with a US$48,000 share payment due under the option agreement covering a portion of the Company's landholdings for the Gold Chain project in Arizona. The common shares issued have a statutory hold period until December 15, 2023. About Gold79 Mines Ltd. Gold79 Mines Ltd. is a TSX Venture listed company focused on building [...]
Gold79 Mines Ltd. is pleased to announce the closing of a second final tranche of its non-brokered private placement financing, raising gross proceeds of $249,314 through the issuance of 8,310,457 units at $0.03 per unit. In total, including the first tranche of the placement, 15,310,457 units were issued for gross proceeds of $459,314. Each unit consists of one common share of the Company and one whole common share [...]
Gold79 Mines Ltd. is pleased to announce that it has entered into an amending agreement with respect to one of its option agreements for the Gold Chain, Arizona project which reduces cash payments in the near-term. This amending agreement relates to 107 unpatented mining claims forming part of the Gold Chain project. In total, the Gold Chain project consists of 379 unpatented mining claims covering approximately 3,058 [...]
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