Pistol Bay (TSX.V-PST) has signed Confidentiality Agreements (“CAs”) with two prospective partners who have expressed interest in farming in to part or all of the 42,000-acre Confederation Lake zinc-copper project east of Red Lake, Ontario. One CA has been signed by a mid-tier producer, and the other by a junior exploration group. Pistol… Continue reading @PistolBayMining $PST Signs Confidentiality Agreements and Applies for Additional Drill Permits for Confederation Lake
Tag: exploration
@TriumphGold $TIG $NFRGF 13,000 Metre #Drill #Program Underway at #Freegold #Mountain #Project, #Yukon
Triumph Gold TSXV.TIG commenced a 13,000 metre diamond drill program at its road accessible Freegold Mountain project in the Dawson Range, Yukon. The program will test several new drill targets identified during 2016 field exploration and data review. The 2016 work focused on identifying geological controls on mineralization at the Revenue and Nucleus porphyry deposits… Continue reading @TriumphGold $TIG $NFRGF 13,000 Metre #Drill #Program Underway at #Freegold #Mountain #Project, #Yukon
@TriumphGoldCorp $TIG $NFRGF 2017 #Exploration Plans #Gold #Yukon
Triumph intends to execute a $4 million exploration program on the Freegold Mountain property, as well as smaller reconnaissance mapping and sampling projects on Tad/Toro and Severance properties in Yukon and Andalusite Peak in northern British Columbia. Exploration on the Freegold Mountain property will commence in late May and extend until early October. The work… Continue reading @TriumphGoldCorp $TIG $NFRGF 2017 #Exploration Plans #Gold #Yukon
@PistolBayMining $PST Increases Size of Confederation Lake VTEM Survey
Pistol Bay expanded the upcoming VTEM airborne electromagnetic and magnetic survey to cover almost twice the area of the original survey plan. Geotech Limited is contracted to survey the 40 km length of the Confederation Lake greenstone belt, southeast of Red Lake, Ontario. With a larger loop, more power and better signal-to-noise resolution than earlier… Continue reading @PistolBayMining $PST Increases Size of Confederation Lake VTEM Survey
@PistolBayMining $PST Executes LOI to Option Copperlode Property with Five Known Zinc-Copper Zones
Pistol Bay has the option to acquire up to an 80 percent interest in the Copperlode Property by making certain payments and share issuances. The Copperlode Property consists of four mining claims comprising 31 claim units for a total area of approximately 496 hectares or 1,225 acres. Frontline holds the claims under option from a… Continue reading @PistolBayMining $PST Executes LOI to Option Copperlode Property with Five Known Zinc-Copper Zones
@PistolBayMining $PST Closes #Financing, Extends Expiry on #Warrants
Pistol Bay $PST closed a non-brokered private placement financing for gross proceeds of $336,600, issuing 3,960,000 units at a price of $0.085 per unit, each unit comprising of one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share for a period of 18 months… Continue reading @PistolBayMining $PST Closes #Financing, Extends Expiry on #Warrants
@PistolBayMining $PST to Commence VTEM (TM) Survey, Confederation Lake Project, Northwest Ontario
Pistol Bay $PST has contracted Geotech Ltd to carry out a 1,128 line-km helicopter-borne survey of the central part of the Company’s land position in Ontario. The survey will use Geotech’s Versatile Time-Domain Electromagnetic (VTEM Plus) system, which includes a horizontal magnetic gradiometer. Pistol Bay anticipates that this survey will explore the survey area to… Continue reading @PistolBayMining $PST to Commence VTEM (TM) Survey, Confederation Lake Project, Northwest Ontario
@RioTinto to Provide $750,000 Cash Injection to @PistolBayMining $PST
Pistol Bay $PST has amended their agreement with Rio Tinto Exploration Canada with regard to the C4, 5 and 6 Uranium properties, whereby Rio Tinto will make an initial cash payment of $750,000 to Pistol Bay. Under the amending agreement, Rio Tinto will acquire an additional 25% interest in the Property (thereby increasing its aggregate… Continue reading @RioTinto to Provide $750,000 Cash Injection to @PistolBayMining $PST
@PistolBayMining $PST Acquires Additional Ground at Confederation Lake-Gold, as well as Zinc-Copper Historic Drill Holes
Pistol Bay $PST has optioned two additional claim groups in the Confederation Lake greenstone belt, Ontario which brings their land position in this belt to approximately 9,450 ha over a 53 km length of favourable volcanic geology. The two claim groups are called Lucky 7 and Moth groups. The Lucky 7 covers a number of… Continue reading @PistolBayMining $PST Acquires Additional Ground at Confederation Lake-Gold, as well as Zinc-Copper Historic Drill Holes
@TriumphGoldCorp $TIG $NFRGF Retains IR Pro Communications Inc. for Investor Relations Services
Triumph Gold $TIG $NFRGF retained IR Pro Communications Inc. for investor relations and corporate communications activities. Triumph has agreed to pay IRPC a monthly fee of C$3,500 plus GST on a one year term.