South Atlantic Gold Inc. announces the completion of the trenching program of the Phase II exploration program at its Pedra Branca project, located in Ceará state, northeastern Brazil. The trenching program assayed over 200 mineralized intersections, including the highest grading intersection at surface identified so far with 3 meters grading 38 grams per tonne gold . The Relatório Final de Pesquisa report was submitted [...]
South Atlantic Gold Inc. announces that it has engaged Stratus Aeronautics Inc. , with headquarters in British Columbia, Canada and offices in Brazil, to perform a high-resolution drone magnetic survey over the Pedra Branca Project located in Ceará State, Brazil. Geophysical Program The drone magnetic survey will be conducted over the Pedra Branca gold resource reported in the NI 43-101 technical report and extending 1-2 [...]
South Atlantic Gold Inc. announces that the Phase II Exploration program is proceeding well and early results demonstrated a high-grade sample of 96.04 grams per tonne gold over 1 meter at the Barra Nova target. This assay result , among others highlighted below, are confirming mineralization along 40 kilometers of the regional strike length, and to the south of the initial Pedra Branca resource. Douglas Meirelles, CEO [...]
South Atlantic Gold Inc. is pleased to announce the commencement of a Phase II exploration program over its flagship 100% owned exploration project located in Ceará State, northeast Brazil. The Phase II program has been developed utilizing field observations from recent site visits by management and a comprehensive review of Phase I exploration results by the newly formed Technical Committee. Technical Committee [...]
South Atlantic Gold Inc. announces the creation of a Technical Committee, Compensation Committee and changes to the Audit Committee. Two new members will be joining the Board of Directors including Mr. Rick Brown and Mr. Bill O'Hara while Mr. Antenor Silva is resigning from the Board. The number of Directors will be changed to seven in total. Douglas Meirelles, CEO stated, "Following the successful financing we just [...]
Phoenix Gold Fund Limited of Kuala Lumpur, Malaysia, announces it has acquired an aggregate of 10,000,000 common shares at an average price of C$0.05 of South Atlantic Gold Inc. on December 17, 2021 pursuant to a non-brokered private placement . Phoenix acquired the common shares at a price of C$ 0.05 per share for a total purchase price of C$ 500,000. The Issuer's office is located at Landmark 3 #335-1632 Dickson Avenue [...]
South Atlantic Gold Inc. has completed the previously announced financing wherein the Company has issued today 35,000,000 common shares at a price of $0.05 for gross proceeds of $1,750,000 . Phoenix Gold Fund Limited of Kuala Lumpur, Malaysia, acquired 10,000,000 Shares for consideration of $500,000. Subsequent to the closing of the Offering Phoenix beneficially owns or controls 10,000,000 common shares of the Company [...]
South Atlantic Gold Inc. announces it has increased the previously announced financing wherein the Company has increased the Offering to 35,000,000 common shares of the Company at a price of $0.05 per share for gross proceeds of up to $1,750,000 placement . Proceeds will be used by the Company for exploration expenditures as well as general working capital and administrative purposes. To demonstrate continued support of [...]
South Atlantic Gold Inc. announces it intends to complete a non-brokered private of up to 30,000,000 common shares of the Company at a price of $0.05 per share for gross proceeds of up to $1,500,000 placement . Proceeds will be used by the Company for exploration expenditures as well as general working capital and administrative purposes. Douglas Meirelles, CEO stated, "We anticipate strong support for the Offering [...]
South Atlantic Gold Inc. announces that Mr. Adam Davidson and Mr. S. Mitchel Wasel will be joining the Company's Board of Directors as a result of their election at the 2021 Annual General Meeting held October 22, 2021. Board of Directors Mr. Adam Davidson is currently Chief Executive Officer and director of Trident Royalties PLC, a diversified mining royalty and streaming company. His past experience includes Resource [...]
South Atlantic Gold Inc. is pleased to report that Pedra Branca's Maiden Resource has been completed and is presented under National Instrument 43-101 technical report standards. The resource was completed by the consolidation of historical drilling and Phase 1 Reverse Circulation drilling results with an average depth of 41.2 meters . Highlights - Completed 100% earn-in of the Pedra Branca Project from [...]
South Atlantic Gold Inc. announces that it has conducted a review of the historical data from its 100 percent owned Big Kidd Project, a copper-gold porphyry, located 25 kilometres south of Merritt, British Columbia, Canada. The initial review was conducted to perform a re-analysis of the drilling data with consideration to increased copper prices. Analysis of the historical Induced Polarization and Diamond Drill data has [...]
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