Archean Star Resources announces that it has completed a diamond drill program on its Gnaweeda Gold Project in Western Australia. On completion of the drill program, the Company has also completed AUD$3,201,550 in exploration expenditures on Gnaweeda. The diamond drill program, which was co-funded by the Western Australia Department of Mines and Petroleum, was conducted at the Far East and Bunarra zones, and consisted of [...]
Archean Star Resources announces that it will be holding its annual and special meeting of shareholders on Friday, August 30th, 2013. The meeting will be held at 4:00 p.m. Vancouver time in order to allow shareholders based in Australia to attend the meeting by video conference. At the meeting, shareholders will be asked to approve the appointment of the following directors: Graeme O'Neill, John Pegg, Clay Conway and [...]
Archean Star Resources is pleased to announce that the Company's Board of Directors has adopted an Advance Notice Policy in order to provide shareholders, directors and management of the Company with a fair and transparent procedure for nominating directors and to establish an orderly and efficient process for electing directors at annual or, if applicable, special meetings of the Company. Among other things, the Policy [...]
Archean Star reports that a diamond drill program has commenced at the Far East Gold Prospect on the pronounced SAM conductivity anomaly that is virtually coincident with the N-S trend of gold anomalies at the Gnaweeda Gold Project in the well endowed Murchison Gold Field in Western Australia. The key highlights are:
Archean Star is pleased to announce that, subject to the approval of the TSX Venture Exchange, Mr. Bernie Sostak, B.Sc. P.Geol, Diploma Business, MAusIMM, has consented to act as a non-executive director to the Company. With over 20 years experience in the mining industry, including five years with Barrick Gold Mr Sostak brings to the Board his extensive knowledge of mining, which includes mine geology, resource [...]
Archean Star announces that, subject to the approval of the TSX Venture Exchange, it has closed a C$2 million dollar non-brokered private placement consisting of 10 million common shares of the Company at C$0.20 cents per share. The net proceeds of the Financing, that is priced at a 25% premium to the Company's last traded market price are to be used for exploration work on, and to earn an 80% interest in, the Monitor [...]
Archean Star announces that the size of the Monitor Property in the Coeur D'Alene Mining District, Idaho has increased from 20 claims to 105 claims or 2,100 acres (approximately 840 ha) by staking. The newly staked claims are within the Monitor Agreement Area of Interest under which the Company is including the claims into the Agreement. In summary;
Archean Star announces that it has advised Teck Australia and Chalice Gold Mines that Archean has completed the 2012 - 2013 Joint Venture expenditure on the Gnaweeda Gold Project. Under the terms of the underlying Joint Venture Agreement between Teck and Chalice, and the current Option Agreement between Archean and Teck, Archean is the Operator of the Joint Venture.
Archean Star announces that it has entered into an exclusive Financing Agreement with Element Capital Partners of Hong Kong for 25 million common shares of the Company at AUD$0.20 cents a share for gross proceeds of AUD$5 million dollars). This Financing, which is priced at a 100% premium to the last traded market price, is to ensure the Company will meet the minimum listing requirements of the Australian Stock Exchange [...]
Archean Star announces that, subject to acceptance by the TSX Venture Exchange, it has entered into an Option/Joint Venture Agreement with American Cordillera Mining Corp, a US Listed Company, and Northern Adventures LLC whereby it can earn 80% of AMCOR's 100% Leasehold Interest in a Purchase Option Mining Lease Agreement between AMCOR and NALLC on the Monitor Copper Gold Silver Property (the "Monitor Property").
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