Gold79 Mines Ltd. is excited to announce the completion of its Phase 2 drilling campaign and the analytical results from its Gold Chain project in Mojave County, Arizona. The program consisted of 12 reverse circulation drill holes totaling 956 metres testing the Tyro, Sheep Trail and Boulevard mine targets with about 50 percent of the drilling focused on the Tyro vein system. Highlights from the drilling include: GC23-23 [...]
Gold79 Mines Ltd. is pleased to announce the completion and analysis of an airborne magnetic and radiometric survey over its Gold Chain project located in Mohave Co., NW Arizona. The survey was conducted in March, 2022 by GoldSpot Discoveries Corp. over the entire Gold Chain block. Additionally, the Company is pleased to announce that it has commenced the planned 1,100m drill program at Gold Chain. Derek Macpherson [...]
Gold79 Mines Ltd. is pleased to announce that it is ready to execute a 1,100 meter drill program at its Gold Chain Project, in Arizona in early 2023. The Company has secured a drill contractor and completed site preparation to commence drilling in early 2023. The drill program will focus on following up the high-grade sampling results from Sheep Trail and demonstrating the strike extent of the Tyro vein system to the [...]
Gold79 Mines Ltd. is pleased to announce the closing of its non-brokered private placement financing, raising gross proceeds of $947,324 through the issuance of 27,066,401 units at $0.035 per unit. Each unit consists of one common share of the Company and one whole common share purchase warrant. A total of 27,066,401 warrants were issued, with each warrant entitling the holder to purchase one common share of the Company [...]
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 28,571,428 units , at $0.035 per Unit . Each Unit consists of one common share of the Company and one whole common share purchase warrant . Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.05 per share for a period of 36 months [...]
Gold79 Mines Ltd. , through its wholly-owned US subsidiary, is pleased to announce an Exploration and Option Agreement with Kinross Gold USA Inc. , a wholly-owned subsidiary of Kinross Gold Corp. on its Jefferson Canyon Gold-Silver Project located in Nye County, Nevada, approximately 7 kilometers from Kinross's Round Mountain operations. Mr. Derek Macpherson, President & CEO, stated, "We are pleased to welcome Kinross, a [...]
Gold79 Mines Ltd. is pleased to announce that it has monetized its remaining 20% interest in the Taviche Project in Mexico. Additionally, despite strong support from insiders and existing shareholders for the financing announced July 28, 2022, the Company has determined that it will not proceed with the private placement. As well certain members of management have agreed to loan the Company up to CDN$230,000. Mr. Derek [...]
Gold79 Mines Ltd. is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of up to $500,000, comprising 16,666,667 units , at $0.03 per Unit . Each Unit consists of one common share of the Company and one whole common share purchase warrant . Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.05 per share for a period of 36 months [...]
Gold79 Mines Ltd. is pleased to announce that it has completed additional mapping and sampling at the Sheep Trail Mine Area within its Gold Chain project, located in northwest Arizona. Additionally, the Company has completed a virtual tour video of the project, providing an overview of the project and its potential. Click here to start your tour . Cannot view this video? Visit: https://www.youtube.com/watch?v=jbbtqC5wmG8 [...]
Gold79 Mines Ltd. announces that it intends to issue 632,400 common shares of the Company at a deemed value of CDN$0.05 per common share in connection with the US$25,000 third anniversary payment due under the terms of the Jefferson Canyon, Nevada property option agreement with Thorsen-Fordyce Merchant Capital Inc. The common shares issued will have a statutory hold period of four months and one day from the date of [...]
Gold79 Mines Ltd. is pleased to announce that it has a completed a mapping and sampling program of the 200 foot level of the Tyro mine. Results from the chip-channel sampling returned similar grades and widths to the fall 2021 drill program, approximately 600 metres south of that drilling. Sampling highlights: 25.4m at 2.53 g/t gold 12.7m at 2.44 g/t gold Mr. Derek Macpherson, President & CEO stated, "These results [...]
Gold79 Mines Ltd. has recently obtained additional historical drill hole data for its Jefferson Canyon project in Nevada. These newly acquired results confirm the current geologic model. In addition, Gold79 is pleased to provide an update on the current permitting program for the Company's maiden drill program at Jefferson Canyon. "New" Historical Drill Hole Highlights: Angled drill holes across the B Zone are highlighted [...]
