Golden Shield Resources Executive Chairman Leo Hathaway joined Steve Darling from Proactive to announce a strategic move for the company. Golden Shield Resources has entered into a non-binding letter of intent with Tucano Gold to acquire all issued and outstanding securities of Tucano Gold in exchange for securities in Golden Shield Resources.
This acquisition positions Golden Shield Resources to benefit from continued exposure to exploration opportunities at Marudi and the potential of Tucano Gold to unlock the value of a near-producing, high-grade gold asset in Brazil. Both Marudi and Tucano Gold are situated in the same geologically rich but poorly understood gold belt, providing the resultant company with significant geological knowledge, operational synergies, and strate...

TORONTO, July 24, 2024 /CNW/ - Trading resumes in: Company: Star Diamond Corp. TSX Symbol: DIAM All Issues: Yes Resumption : 11:45 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is con...

New Gold Inc. deeply regrets that early this morning, July 24th, 2024, an employee operating a piece of equipment in the open pit was fatally injured at the Rainy River Mine in northwestern Ontario. The health, safety and wellbeing of our employees is our top priority. The Company is working closely with local authorities and an investigation is underway. Operations have been voluntarily suspended. The thoughts of management are with the family, friends and colleagues who have been impacted by this tragic incident. The Company will provide additional information as appropriate. About New Gold New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The Compa...

TOTAL INDICATED: 72 MILLION CARATS, TOTAL INFERRED: 15 MILLION CARATS Stock Symbol: DIAM: TSX Star Diamond Corp. is pleased to announce a significant increase in the estimated Mineral Resources for the Star - Orion South Diamond Project . Highlights Indicated Mineral Resources on Star have increased 22 percent to 34.8 million carats and the grade has increased 20 percent to 19.4 cpht Indicated Mineral Resources on Orion South have increased 37 percent to 36.9 million carats and the grade has increased 32 percent to 17.9 cpht Star Diamond has determined that no additional bulk sampling is required on the Orion South Kimberlite for the rigorous estimation of these Mineral Resources, and this results in the savings of millions of dollars in exploration expenditures and shaves si...

TORONTO, July 24, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Star Diamond Corp. TSX Symbol: DIAM All Issues: Yes Reason: Pending News Halt Time : 10:20 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any infor...

ESGold Corp. , is pleased to announce a shift in the operating focus of the Company. ESGold's operating focus is to get the Montauban Plant into production in the near future. The Company is in a position to begin the final phase of construction on the mill. Further, the Preliminary Economic Assessment prepared last year is being updated with current market conditions and the preliminary results have demonstrated significant escalation of the Net Present Value and Internal Rate of Return of the entire Montauban Project "ESGold must take advantage of current market conditions and the rapid construction path to put the Montauban Plant into production," stated Brad Kitchen, President of ESGold Corp. "The Company has done a good job in the last couple of years to expand the futur...

Global Atomic Corp. is pleased to announce that due to significant investor demand, the Company has increased the maximum gross proceeds of its previously announced non-brokered private placement from C$15,000,000 to C$20,000,000. Under the revised Offering, the Company will sell 14,814,815 units of the Company at a price of C$1.35 per Unit. Red Cloud Securities Inc. is acting as a finder in connection with the Offering. Each Unit will consist of one common share of the Company and one common share purchase warrant . Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of C$1.80 for a period of 24 months following the issue date. The Warrants shall be subject to an acceleration clause whereby if the 10-day volume weighted average price of...

E-Power Resources Inc. announces its intention to complete a non-brokered private placement to raise gross proceeds of C$100,000 . Securities to be issued pursuant to the FT Offering shall consist of an amount of up to 1,250,000 units of the Company issued at a price of $0.08 per FT Unit, each FT Unit being comprised of one common share in the capital of the Company that will qualify as "flow-through shares" of the Income Tax Act ), and one Warrant, each Warrant entitling its holder thereof to acquire one Warrant Share at a price of $0.12 per Warrant Share for a period of 5 years from the closing date of the FT Offering. In connection with the FT Offering, the Company will pay a cash finder's fees totaling C$8,000 and will issue 8% broker warrants on portions of the FT Offeri...

Hecla Mining Company plans to release its second quarter 2024 operational and financial results after the market close on August 6, 2024. The Company plans to hold a conference call and webcast on August 7, 2024 at 10:00 a.m. Eastern Time. Details are provided below. CONFERENCE CALL AND WEBCAST Date: August 7, 2024 Time: 10:00 am Eastern Time Dial-in numbers: +1 330-2391 +1 789-2702 Conference ID: 4812168 Webcast: https://events.q4inc.com/attendee/202789141 ONE-ON-ONE CALLS After the conclusion of this call, Hecla will also give investors and others the opportunity for one-on-one calls with several members of management. Sign-up for these one-on-one calls will occur the morning of the conference call, with details provided in our earnings news release. ABOUT HECLA Founded in 18...

Great Quest Fertilizer is pleased to announce that, further to its press release dated June 10, 2024, the Company has changed its name to "Great Quest Gold Ltd." Trading in the common shares of the Company under the new name on the TSX Venture Exchange will commence at market opening on July 29, 2024. There is no change in the capitalization of the Company pursuant to the Name Change. The Common Shares will continue to trade on the TSXV with the same ticker symbol "GQ". Under the Name Change, the CUSIP number assigned to the Common Shares is 39119C109 . No action is required by existing shareholders, nor will any certificates representing Common Shares need to be exchanged. The articles of amendment concerning the Name Change are available on the Company's SEDAR+ profil...

Callinex Mines Inc. is pleased to announce the closing of its previously announced non-brokered private placement of $2,094,409 , which represents an oversubscription of $594,409 of the originally announced financing . The Financing consists of 753,412 hard dollar units at a price of C$1.25 per HD Unit for gross proceeds of up to C$941,765; and 543,700 Manitoba flow-through units at a price of C$2.12 per FT Unit for gross proceeds of up to $1,152,644. Each HD Unit consists of one common share and one-half of one transferable common share purchase warrant . Each FT Unit consists of one flow-through common share and one-half of one transferrable Warrant to be issued on a non-flow-through basis. Each Warrant is exercisable into one additional common share for two years from clos...

Doré Copper Mining Corp. completed two drill holes totaling 1,392 meters which successfully extended the Southwest Zone of the former Cedar Bay copper-gold mine located in the Chibougamau mining camp, approximately 5 kilometers by road from its Copper Rand mill. The Southwest Zone is located 300 meters to the southwest of the Cedar Bay mine Main Zone and was partially developed in late 1960s by Campbell Chibougamau Mines Limited on two levels right to the property limit with Patino Mining. The best results of Campbell's drilling campaign in the Southwest Zone included 5.2 meters of 2.56% Cu and 3.9 meters of 2.22% Cu and 1.3 g/t Au1. The potential extension of the Cedar Bay Southwest Zone along strike to the southeast was never tested by Patino Mining and subsequent companies...

PTX Metals Inc. is pleased to provide partial drill results from the 1,544 metre diamond drill program, on its 100% owned W2 Cu-Ni-PGE Project which is covering the whole layered Lansdowne House Igneous Complex , located in the "Ring of Fire" region of Northwestern Ontario. This drilling program did not include drilling of the recently acquired claims which include the historical resource area known primarily as the Inco Area Zones nor the previously defined W2 Cu-Ni-PGE Deposit . The drill holes included both geophysical targets as well as new targets identified from in-house geological and geophysical interpretations. The exploration holes were designed to test the expansion potential of the W2 near surface mineralization trend , as well as an associated EM geophysical trend...