Gold79 Mines is pleased to announce that it has commenced drilling at its Gold Chain Project. This next phase of drilling is expected to consist of seven core holes totaling approximately 1,000m. Derek Macpherson, Executive Chairman, CEO and Director stated, "We are excited to continue drilling at Gold Chain following up on the drilling success from 2023. Importantly, the first hole of this new program will test below [...]
Gold79 Mines Ltd. is pleased to announce that Quentin Mai has been appointed President of Gold79 and Brodie Sutherland has been appointed to the board of directors, effective October 15, 2024, subject to TSXV approval. In conjunction, with these appointments, Derek Macpherson has become Executive Chairman and remains Chief Executive Officer and Gary Thompson has stepped-down as Executive Chairman. Both Mr. Macpherson and [...]
Gold79 Mines Ltd. is pleased to announce the closing of a first tranche of its previously announced $4,000,000 non-brokered private placement financing , raising gross proceeds of $2,190,000 through the issuance of 8,760,000 units at $0.25 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 4,380,000 whole warrants were issued, with each warrant entitling [...]
Gold79 Mines Ltd. is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of $4,000,000 . Gold79 is pursuing the Offering in connection with its previously announced proposed amalgamation agreement with its wholly-owned subsidiary and Bullet Exploration Inc. to acquire all of the issued and outstanding shares of Bullet . The Transaction and the Offering are expected to create a [...]
Gold79 Mines and Bullet Exploration are excited to have entered into a definitive amalgamation agreement dated September 3, 2024, whereby Gold79 has agreed to acquire all of the issued and outstanding common shares of Bullet. The Transaction will create a well-funded gold exploration company focused on the southwest United States. The Company will be focused on delivering a maiden resource at its Gold Chain project in [...]
Gold79 Mines Ltd. has received an Acceptance Letter from the United States Forest Service for its Plan of Operations to explore the Jefferson Canyon Project in Nevada. The Acceptance Letter indicates that the USFS believes that the POO submitted is acceptable based upon studies and documentation submitted to date. The next steps include consultation with both the public and state heritage agency, along with other reviews [...]
Gold79 Mines announces that the Company intends to issue 306,396 common shares of the Company in connection with a US$48,000 share payment due under the option agreement covering a portion of the Company's landholdings for the Gold Chain project. The common shares issued will have a statutory hold period of four months and one day from the date of issuance. This shares-for-debt transaction remains subject to TSX-V [...]
Gold79 Mines is pleased to announce that it has received the assay results from its recently completed trenching program along the Tyro Main Zone which has confirmed our understanding of the geology, added new potential high-grade targets for the next drill campaign and extended the zone along strike to the northeast. Highlights from the program include: Confirmed the geologic model where the White Spar Fault intersects [...]
Gold79 Mines announces with great sadness the passing last week of the Company's longest standing Director, Dr. James M. Franklin. Dr. Franklin, or Jim to his many colleagues across academia and the minerals industry, served as a Director of Gold79 and its predecessor Aura Resources, from its inception in 2003. In 1996, Jim was elected a Fellow of the Royal Society of Canada's Academy of Science and in 2019 he was [...]
Gold79 Mines is pleased to announce that it has completed a trenching program along the Tyro Main vein including mapping and sampling as announced on May 2, 2024. A total of 15 trenches were completed over 358 m. Results are pending from the 217 samples taken. Assay results are expected in 4 to 6 weeks. Preliminary results from the work completed include: Three trenches were cut at or a little south of the intersection of [...]
Gold79 Mines is pleased to announce that it has made the final acquisition payment of US$25,000 to the vendor of the Tip Top project. Gold79 now owns 100% of the Tip Top Project in Nevada. Derek Macpherson, President and CEO stated, "When I joined Gold79 three years ago, my view was that any one of our projects could justify our market capitalization at that time. This included the Tip Top project where the 154 historical [...]
Gold79 Mines is pleased to announce the closing of a first tranche of its non-brokered private placement financing, raising gross proceeds of $718,250 through the issuance of 2,873,000 units at $0.25 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 1,436,500 whole warrants were issued, with each warrant entitling the holder to purchase one common share [...]