Thursday, August 30, 2018

Gungnir Resources Inc - GUG.v

Gungnir Resources Inc - GUG.v is focused on gold and base metals in mineral-rich Sweden.

On August 27, 2018 the co released News

Gungnir Resources Inc. is pleased to report that on-going drilling at its Knaften project has intersected a new, wide zone of conglomerate-hosted sulphide mineralization including the presence of chalcopyrite. The newly discovered sulphide mineralization is located 400 metres west of the Company’s 2017 discovery of copper-nickel bearing sulphides and approximately 5 km northwest of the Knaften 300 Gold Zone.







Monday, August 27, 2018

Africa Energy Corp - AFE.v

Africa Energy Corp - AFE.v is a Canadian oil and gas company with exploration assets in South Africa and Namibia. Africa Energy is part of the Lundin Group of Companies.

On August 14, 2018 the co released News

Africa Energy Corp.  an oil and gas company with exploration assets offshore Namibia and South Africa, announces financial and operating results for the three and six months ended June 30, 2018. View PDF Version.HIGHLIGHTS
The Company achieved the following key milestones year-to-date in 2018:
  • Private Placement – Completed a private placement on May 4, 2018 for gross proceeds of approximately US$45.0 million, which funds the Company's near-term high-impact exploration drilling program;
  • Secondary Listing – Africa Energy's common shares commenced trading on Nasdaq First North Stockholm on May 4, 2018, which has increased the Company's trading liquidity and provided access to a broader investor base in Europe;
  • Namibia Exploration Renewal and Drilling Rig Contract – On Petroleum Exploration License 37 offshore Namibia ("PEL 37"), the joint venture partnership received approval from the Ministry of Mines and Energy in Namibia to enter the next two-year exploration period. In addition, PEL 37 operator Tullow Namibia Limited ("Tullow") contracted the Ocean Rig Poseidon, a sixth-generation deep water drillship, to drill the Cormorant-1 well planned for September 1, 2018; and
  • South Africa Exploration Renewal – On Block 2B offshore South Africa ("Block 2B"), the joint venture partnership received approval from the Petroleum Agency of South Africa for entry into the next two-year exploration period.






Wednesday, August 22, 2018

Great Bear Resources Ltd. - GBR.v

Great Bear Resources Ltd. - GBR.v entered an agreement to acquire the Dixie Lake mining claims in Ontario’s Red Lake gold mining district where the company is now earning a 100% interest in 49 mining claims. In November 2016, Great Bear acquired the West Madsen gold project, an on-strike extension of Pure Gold’s high-grade Madsen project.
On August 24, 2018 the co released News

Great Bear Resources Ltd. is pleased to announce it will be conducting a private placement financing of units (“Units”), priced at $1.45 per Unit, for gross proceeds of up to $10 million. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole Warrant will be exercisable into a common share of Great Bear at a price of $1.75 for a period of two years.

The Company is pleased to announce that Rob McEwen has agreed to purchase $4.8 million of the Financing and that McEwen Mining Inc. has agreed to purchase $1.2 million of the Financing for a total of $6 million. On completion of the Financing, Rob McEwen and McEwen Mining will collectively own 18.8% of Great Bear Resources on a partially diluted basis.
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On August 22, 2018 the co released News

Great Bear Resources Ltd. has confirmed a significant new high-grade gold discovery in the Hinge zone at its Dixie project located in the Red Lake district of Ontario. Drill results are provided in the attached table and include:
Drill hole DHZ-003 returned 16.35 metres of 26.91 grams per tonne gold, including separate subintervals of 5.05 metres of 51.39 g/t gold and one metre of 112.63 g/t gold.
Drill hole DHZ-004, a follow-up drill hole completed 15 metres vertically below DHZ-003, intersected higher-grade gold mineralization, returning seven metres of 44.47 g/t gold, including two metres of 143.24 g/t gold, which includes one metre of 224.03 g/t gold.

The newly reported intercepts from the Hinge zone are shallow, occurring above 110 metres vertical depth, and are open in all directions. As announced on May 23, 2018, Great Bear closed a financing and received funds from warrant exercises totalling $2.1-million. The company is fully financed to drill the remaining 5,000 metres of the current 10,000-metre drill program, which commenced in March, 2018.







Monday, August 20, 2018

Belo Sun Mining Corp. - BSX.t

Belo Sun Mining Corp. - BSX.t is focused on advancing the Volta Grande Gold Project located in Pará State, Brazil.

In March 2015, the Company issued a NI 43-101 for the Volta Grande Project which estimates average annual gold production of 205,000 ounces of gold for 17 years with a cash operating cost of $618/oz.
On July 23, 2018 the co released News

Belo Sun Mining Corp. is pleased to provide a general update on the Company’s activities and progress. Indigenous Study The indigenous study has been advancing for the Volta Grande Gold Project. The Company has been working in cooperation with FUNAI (Fundação Nacional do Índio) and the Arara da Volta Grande and Juruna-Paquiçamba Indigenous communities (see the Company’s press release dated December 6, 2017). The work is progressing positively and cooperatively. Meetings and consultations will continue as per the prescribed protocols.