Angold Resources Ltd. announces that it will be completing a non-brokered private placement of up to 10,000,000 common shares of the company at a price of $0.025 for aggregate gross proceeds of up to $250,000 . The Offering is subject to approval of the TSX Venture Exchange, and all securities issued will be subject to a four month hold period under Canadian securities laws. At this time, the Company does not propose to [...]
Angold Resources Ltd. is pleased to announce the appointment of the Company's Chairman, Galen McNamara, as Interim CEO effective immediately. In addition, Angold has today initiated a process to evaluate potential strategic alternatives to maximize the value of the Company's strongly mineralized and highly prospective gold project portfolio. The Company's board of directors will lead the Strategic Review to evaluate a [...]
Widespread gold mineralization confirmed and new high-grade zone intersected Angold Resources Ltd. is pleased to announce assay results for its 2022 drilling program at its Iron Butte Project, located approximately 60 kilometres south of Battle Mountain, Nevada. Key Highlights: Robust mineralization has been confirmed at Red Ridge with 0.81 g/t gold equivalent* over 94.5 m from surface in hole AAU22-04; A new zone [...]
Angold Resources Ltd. is pleased to announce that it has entered into an agreement with Hightest Resources, LLC , an arms-length party, pursuant to which it has been granted the right to earn a 100% undivided ownership interest in the Hope Butte Project , located in Malheur County, Oregon, USA . Highlights: Intact low-sulfidation epithermal gold system with good surface grades of ~1 g/t Au. At surface and predominantly [...]
Angold Resources Ltd. is pleased to announce the completion of the drilling program at its Iron Butte Project, located approximately 60 kilometres south of Battle Mountain, Nevada. A total of 5 holes were completed for a total of 2,152 metres. Drilling was distributed across the project area, with three holes into the Red Ridge Zone, one at the North Zone, and the remaining hole drilled into the newly identified Northern [...]
Angold Resources Ltd. is pleased to announce that it has commenced the first field work season on its Uchi Project in the Birch-Uchi Greenstone Belt, in the prolific Red Lake mining district in Ontario, Canada. The Property covers an area of approximately 6,868 hectares and was staked in 2019 and 2020. All claims are wholly owned by the Company, without royalties or other encumbrances. The Uchi project is strategically [...]
Angold Resources Ltd. is pleased to provide an update of drilling at its Iron Butte Project, located approximately 60 km south of Battle Mountain, Nevada. Drilling Highlights Drillhole AAU22-001 was stopped at 273 metres depth due to lost tooling, and has been redrilled as AAU22-001A, as PQ-HQ core; In hole AAU22-001A, the Company drilled into a shear zone, hosted by dolomitic and siliceous siltstone, with pyrite and [...]
Angold Resources Ltd. is pleased to announce that it has identified disseminated silver sulphide mineralization in the first hole of its Phase One core drilling program at Iron Butte, Nevada. The Company is drilling hole AAU22-001 in the planned Phase One program of up to a 2,926 meter, 5-hole program. For more information on planned drilling, with maps, please refer to our News Release dated April 19, 2022 on the [...]
Angold Resources Ltd. is pleased to announce that it has commenced preparation work for its upcoming drill program at Iron Butte, Nevada. Drill targets are the result of detailed coincident surface sampling, historic drilling, mapping and geophysical anomalies completed over 2021. Planned drilling will target coincident geochemical-geophysical anomalies in the newly staked Northern Extension Zone, lateral and depth [...]
Further to its news release dated April 7, 2022, Angold Resources Ltd. is pleased to announce closing of a non-brokered private placement of 5,756,386 units at a price of $0.14 per Unit for aggregate gross proceeds of $805,894 . Each Unit will consist of one common share and one common share purchase warrant of the Company . Each Warrant will be exercisable to purchase one Common Share at an exercise price of $0.20 until [...]
Angold Resources Ltd. is pleased to announce that, following the closing of its brokered placement on April 5, 2022 for total proceeds of $2.74 million, it will be completing a non-brokered private placement of up to 5,720,386 units of the Company , at a price of $0.14 per Unit for aggregate gross proceeds of up to $800,854 . Each Unit will consist of one common share of the Company and one Common Share purchase warrant [...]
Angold Resources Ltd. is pleased to announce the closing of its previously announced marketed public offering of 19,566,400 units of the Company , at a price of $0.14 per Unit for aggregate gross proceeds of $2,739,296. The Offering was conducted on a "best efforts" agency basis and was led by Research Capital Corporation and Canaccord Genuity Corp. as the co-lead agents and joint bookrunners. Each Unit is comprised of [...]
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