Pasofino Gold Ltd. is pleased to announce that it has closed its non-brokered private placement of common shares at $0.70 per share for gross proceeds of approximately US$5.2 million. Approximately US$4.5 million of the Offering has been subscribed for by ESAN, a leading Turkish mining company. ESAN has been granted the right to nominate one director to the Board of the Company and a right to maintain its shareholding [...]
Pasofino Gold Ltd. is pleased to announce a non-brokered private placement of common shares at $0.70 per share for gross proceeds of up to US$5.5 million . Approximately US$4.5 million of the Offering has been subscribed for by ESAN, a leading Turkish mining company. ESAN has been granted the right to nominate one director to the Board of the Company and a right to maintain its shareholding interest in the Company should [...]
Pasofino Gold Ltd. is pleased to announce updates to the Mineral Resource Estimates for the Dugbe F and Tuzon deposits on the Dugbe Gold Project , in which the Company has an option to earn a 49% economic interest . Highlights Using a 1.0 g/t Au cut-off, the Measured & Indicated part of the MRE model boasts 2.88 million ounces of gold contained in 56.6 million tonnes grading 1.58 grams per tonne Au in two deposits: Tuzon [...]
Pasofino Gold Ltd. is pleased to announce that it has received results from a further 12 holes drilled at the Tuzon deposit on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights 11 of the 12 holes contain gold mineralised intervals. Results for all 12 holes are provided in table 1. 10 intersections at +2 g/t gold, which is encouraging for the update to the Mineral [...]
Pasofino Gold Ltd. is pleased to announce that it has received results for a further six holes drilled at the Tuzon deposit on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights The results firm up on the increased lateral and strike extent of the higher-grade zone B at the 2Moz Tuzon deposit. 4 of the holes have significant 2 g/t+ gold intersections including: TDC040 [...]
Pasofino Gold Ltd. is pleased to confirm that, pursuant to its previous news release dated July 8, 2021, the Company's common shares have been consolidated at a ratio of fourteen pre-consolidation shares to one post-consolidation share. The common shares will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open on July 22, 2021. The Company now has 31,608,749 common shares issued and [...]
Pasofino Gold Ltd. is pleased to announce that it is proceeding with its previously announced share consolidation. The Company is targeting Thursday, July 22, 2021 as the date for the consolidation. Pursuant to a special resolution passed by shareholders on December 21, 2020, Pasofino will consolidate its common shares outstanding on a fourteen old for one new basis. On the opening of the market on July 22, 2021, and [...]
Pasofino Gold Ltd. is pleased to announce that it has received results from a further 22 infill holes drilled at the Dugbe F deposit including promising results for the 800 m by 100 m thickened zone, first reported in June[1]. Dugbe F is one of two deposits on the Dugbe Gold Project, in which the Company is earning a 49% economic interest. Highlights Intersections from the thickened zone include the following and are [...]
Pasofino Gold Ltd. announces that on June 24, 2021, it granted 22,650,000 incentive stock options to directors and officers. The incentive stock options have an exercise price of $0.10 per share, are valid for a 5-year period from the date of grant and are subject to regulatory approval. The Company also announces that it has agreed with the independent and non-executive directors to issue 506,737 common shares to such [...]
Pre-Tax NPV5% of USD825 million, Pre-Tax IRR of 34% and AISC of USD893/oz Steady State Average Annual Gold Production of approximately 188Koz Base Case Development Contemplates 14-Year Mine Life Pasofino Gold Ltd. is pleased to announce that it has completed a PEA on the Dugbe Gold Project, which includes both the Dugbe F and Tuzon deposits. The Company is earning a 49% economic interest in the project . HIGHLIGHTS [...]
Pasofino Gold Ltd. is pleased to announce that it has received encouraging results from the first 4 holes drilled since 2014 at the Tuzon deposit on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights 3 of the 4 holes are 'step-out' holes to test the lateral or strike extent of the relatively high-grade 'zone B' of the Tuzon deposit. All 3 have been successful [...]
Pasofino Gold Ltd. is pleased to announce that it has received results from a further 17 holes drilled at the Dugbe F deposit and recognition of an extensive thickened zone. Dugbe F is one of two deposits on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights An area of approximately 800m by 100m within the southern part of the Dugbe F deposit is evident, within which [...]
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