Gold79 Mines Ltd. is pleased to announce preliminary results for the first four drill holes from its recently completed 16 hole program at the Gold Chain project in western Arizona. The four holes highlighted in this release were drilled across the northernmost exposures of the Tyro target and tested broadly mineralized surface exposures at depths from 20 to 40 meters below the surface. Results from the remaining 12 holes [...]
Gold79 Mines Ltd. is pleased to announce that it has completed a Definitive Lease and Option to Purchase Agreement for the Tyro Group patented claims and results of initial sampling from the Tyro claims. The claims, covering 57.4 acres, are immediately northeast of the Banner patented claims . The Tyro claims were subject to historical mining as recently as the 1980's and our initial work has yielded positive gold [...]
Gold79 Mines Ltd. is pleased to announce that it commenced drilling on September 17, 2021 at its Gold Chain Project in Arizona. To date, 5 holes have been completed at the Roadside Mine area and the drill is in the process of being moved to the Banner Mine area. The program is expected to comprise approximately 1,500m testing several near-surface targets. Mr. Rob Johansing, Vice President Exploration, stated, "Our drill [...]
Gold79 Mines Ltd. is pleased to announce that it expects to start drilling at its Gold Chain Project in Arizona this week as the drill rig is enroute to the project. The program is anticipated to be at least 13 holes following up on our recent sampling success on the Banner patents and the historical drilling at the Roadside mine . Mr. Derek Macpherson, President & CEO stated, "While difficulties securing a drill resulted [...]
Gold79 Mines Ltd. announces that it has completed the third anniversary payments due under the Gold Chain project option agreement with the payment of US$30,000 in cash and the issuance of 744,711 common shares at a deemed value of US$48,000 . Mr. Derek Macpherson, President, CEO and Director stated, "We continue to be excited about the Gold Chain project, as announced on June 22, 2021, our recent work has identified [...]
Gold79 Mines Ltd. is pleased to release results of reprocessed geophysics and provide a permitting update for its Jefferson Canyon Project in Nevada. The geophysics coincides well with both the results from historical drilling and the 2020 geochemical sampling program supporting the potential for Jefferson Canyon to become a significant deposit. Mr. Derek Macpherson, President and CEO states, "The work we have done over [...]
Gold79 Mines Ltd. is pleased to announce that it's common shares have commenced trading on the OTCQB Venture Market in the United States, operated by the OTC Markets Group Inc., under the stock symbol "AUSVF". The Company's common shares will also continue trading on the TSX Venture Exchange under the symbol "AUU". Mr. Derek Macpherson, President, CEO and Director stated, "Having our core projects located in the Southwest [...]
Gold79 Mines Ltd. announces the results of its annual and special shareholder meeting held on June 30, 2021. All matters submitted to the shareholders, as set out in the notice of meeting and management information circular dated May 26, 2021, were voted in favor, including the election of directors, the appointment of PricewaterhouseCoopers LLP as the auditor of the Company for the ensuing year, and ratification of the [...]
Gold79 Mines Ltd. is pleased to announce that based on the positive results from initial mapping and sampling in 2021, the Company has again significantly expanded its land package with the staking of 171 new claims. The Gold Chain project now consists of 361 Bureau of Land Management claims covering approximately 2,800 ha and five patented claims covering 37.9 ha. Highlights from the 417 samples reported in this release [...]
Gold79 Mines Ltd. announces that it intends to issue 351,337 common shares of the Company at a deemed value of CDN$0.086 per common share in connection with the US$25,000 second anniversary payment due under the terms of the Jefferson Canyon, Nevada property option agreement. The deemed value is determined by the 20-day volume-weighted average price preceding this announcement. The common shares issued will have a [...]
Gold79 Mines Ltd. is pleased to announce that it has completed a Definitive Lease and Option to Purchase Agreement for the Banner Group patented claims that further expands the Company's Gold Chain project in western Arizona. Gold79 has also made its required share payments with respect to the Purchase and Sale Agreement for the Tip Top Gold-Silver Project in Nevada. Mr. Derek Macpherson, President & CEO, stated, "Mapping [...]
Gold79 Mines Ltd. is pleased to announce that Mr. Derek Macpherson has joined the Company as a full time President and Chief Executive Officer, effective May 1, 2021. With Mr. Macpherson's appointment, Mr. Gary Thompson will assume the role of Executive Chairman, stepping down as CEO. Mr. Gary Thompson, Executive Chairman stated, "I am pleased to welcome Derek to this lead role on the Gold79 management team and was [...]
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