Pasofino Gold Ltd. "Pasofino" or the "Company") is pleased to announce that it has received results from a further 18 holes drilled at the Dugbe F deposit. The drill results continue to prove the consistency of the grade throughout the deposit. 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 Of the 36 infill holes drilled within the [...]
Pasofino Gold Ltd. today announced that it has closed a transaction and pursuant to an agreement with QC Copper and Gold Inc. , whereby Pasofino sold its 50% interest in the advanced-stage Roger Gold-Copper Project , located in Quebec's prolific Abitibi Greenstone Belt, to QC Copper . Terms of the Transaction Pasofino transferred its 50% interest in the Project to QC Copper. Pasofino received $1 million in cash and [...]
Pasofino Gold Ltd. is pleased to announce that it has received positive results for trenches on strike from the Tuzon deposit at its Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . The trench results support Pasofino's view that there are opportunities to add to the existing deposits. Highlights A 6 km long Au in soil 'trend' extending south-westwards 'on-strike' from the 2 Moz [...]
Pasofino Gold Ltd. announces that it has amended the terms of the agreement with QC Copper and Gold Inc. , whereby Pasofino is selling its 50% interest in the advanced-stage Roger Gold-Copper Project , located in Quebec's prolific Abitibi Greenstone Belt, to QC Copper . Pursuant to the amendment, the total purchase price under the Transaction remains the same, however the timing for payment of some of the share [...]
Pasofino Gold Ltd. is pleased to announce that it has completed its previously announced marketed public offering of common shares in the capital of the Company , raising aggregate gross proceeds of $9,000,005. The Offering was conducted on a best-efforts agency basis by Stifel GMP as sole agent and bookrunner . Pursuant to the Offering, the Company issued 128,571,500 Offered Shares at a price of $0.07 per Offered Share [...]
Pasofino Gold Ltd. provides an update today that it has received a receipt for a final short form prospectus filed in each of the provinces of Canada, except for Québec, in connection with the previously announced marketed offering of common shares of the Company . The Prospectus provides that the Company will issue and sell 128,571,500 Offered Shares for aggregate gross proceeds of $9,000,005. The Offering is being [...]
Pasofino Gold Ltd. is pleased to announce that it has entered into an agreement to sell its 50% interest in the advanced-stage Roger Gold-Copper Project located in Quebec's prolific Abitibi Greenstone Belt to QC Copper & Gold . The purchase price under the Transaction is $2,250,000, payable as $1,000,000 in cash and $1,250,000 in shares of QC Copper & Gold. The closing of the transaction is subject to, among other things [...]
Pasofino Gold Ltd. provides an update today that it has filed an amended and restated preliminary short form prospectus in connection with the previously announced marketed offering of common shares of the Company . The Amended and Restated Prospectus provides that the price of the Offered Shares to be issued and sold pursuant to the Offering will be C$0.07 per Offered Share. The size of the Offering is expected to be [...]
Pasofino Gold Ltd. is pleased to announce that Hummingbird Resources Inc. has received results from a further twelve holes drilled at the Dugbe F deposit. 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 Results for intersections of the flat-to-gently dipping main mineralised layer in 12 'new' holes-Table 1, and for a previously [...]
All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. Pasofino Gold Ltd. announces that it has filed a preliminary short form prospectus with respect to a marketed offering of common shares of the Company at a price and size to be determined in the context of the market. The Offering will be conducted on a best-efforts agency basis under the terms of an agency agreement to be entered into [...]
Pasofino Gold Ltd. is pleased to provide an exploration, infrastructure and Company update at the Dugbe Gold Project in Liberia. Infrastructure highlights: Key infrastructure developments to enable the completion of the exploration and feasibility study programs: Construction of a 48 km road including 24 bridges, and the exploration camp complete. 'Geebo River Bridge' span complete, last stages of decking underway to [...]
Pasofino Gold Ltd. is pleased to announce that it has completed all conditions to earn its 50% ownership interest in the advanced-stage Roger gold-copper project located in the prolific Abitibi Greenstone Belt in Quebec from project operator SOQUEM, a subsidiary of Investissement Québec. The Project is advantageously located 5 km north of the historic mining center Chibougamau, Quebec, has an all-season road access and is [...]
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