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Sabre Gold Mines Corp. announced a 23% increase in gold ounces at its Copperstone gold project in Arizona. The updated resource includes a 53% rise in Measured Resources to 196,000 gold ounces at an average grade of 7.6 g/t, and a 45% increase in Inferred Resources to 212,000 gold ounces at 5.9 g/t. The resource estimate was made at a gold price of $1,700 per ounce, with a slight reduction when calculated at $1,600. The report is supported by 152 new drill holes and shows continuity in mineralization.
Sabre Gold Mines Corp. has announced the commencement of trading under its new name and symbol, SGLD, on the Toronto Stock Exchange effective September 8, 2021. This change follows its acquisition of Golden Predator Mining Corp., enhancing its portfolio as a diversified near-term gold producer in North America. The company owns the fully permitted Copperstone mine in Arizona and the Brewery Creek mine in Yukon, with plans to restart production and a preliminary economic assessment due in Q4 2021.
Sabre Gold Mines Corp. has successfully completed the acquisition of Golden Predator Mining Corp. through a statutory plan of arrangement. This acquisition, effective September 2, 2021, results in the delisting of Golden Predator's shares from the TSX Venture Exchange. The combined entity will operate as a diversified gold producer with full ownership of the Copperstone mine in Arizona and the Brewery Creek mine in Yukon, boasting a total resource base of 2.6 million ounces of gold, with significant exploration potential over 230 square kilometers.
Sabre Gold Mines Corp. (formerly Arizona Gold Corp.) has successfully finalized its acquisition of Golden Predator Mining Corp. through a court-approved arrangement. Shareholders overwhelmingly supported the transaction, with a significant exchange ratio of 1.65 Sabre Shares for each Golden Share. The effective date of the arrangement is set for September 2, 2021, with Golden Predator shares being halted from trading. The combined entity will own approximately 1.1 million ounces of measured and indicated gold resources and further exploration potential across both Copperstone and Brewery Creek mines.
Arizona Gold Corp. and Golden Predator Mining Corp. have secured overwhelming shareholder approval for Arizona's acquisition of Golden Predator through a plan of arrangement, scheduled for completion on September 2, 2021. The agreement mandates an exchange of 1.65 Arizona shares for each Golden Predator share. After the merger, Arizona shareholders will hold 55% of the combined entity, while Golden Predator shareholders will hold 45%. Arizona plans to rebrand as Sabre Gold Mines Corp., trading under the new symbol 'SGLD' on the TSX.
Arizona Gold Corp. and Golden Predator Mining Corp. have filed a joint management information circular to inform shareholders about their upcoming meetings on August 25, 2021, regarding Arizona's acquisition of Golden Predator. This acquisition aims to create a diversified gold producer in North America, leveraging assets like the Copperstone mine in Arizona and Brewery Creek mine in the Yukon. Arizona expects to change its name to Sabre Gold Mines Corp. upon completion.
Shareholder support is crucial, with agreements already in place covering 36.20% and 22.03% of Arizona and Golden Predator shares, respectively.
Arizona Gold Corp. and Golden Predator Mining Corp. have announced a definitive merger agreement to create a new North American gold producer. The merger combines the Copperstone mine in Arizona and the Brewery Creek mine in Yukon.
The Agreement specifies an Exchange Ratio of 1.65 Arizona shares for each Golden Predator share. Following the merger, Arizona shareholders will hold approximately 55% and Golden Predator shareholders 45% of the new company. This strategic consolidation is set to enhance operational efficiencies and investors' visibility.
Arizona Gold Corp. announced significant underground drilling results at its Copperstone gold project in Arizona. The latest results from an in-fill delineation core drilling program show mineralization where modelled, enhancing confidence in the resource model. Key highlights include:
- Drill Hole AZG-21-P3B-04C: 11.8 m at 8.8 g/t Au, including 1.1 m at 53.5 g/t Au.
- Drill Hole AZG-21-P2B-02C: 3.3 m at 11.4 g/t Au, including 1.1 m at 17.9 g/t Au.
- Drill Hole AZG-21-P2G-07C: 3.2 m at 11.3 g/t Au, including 1.7 m at 20.3 g/t Au.
Arizona Gold Corp. (AGAUF) announced promising underground drilling results at its Copperstone gold project in Arizona. The recent drilling program confirmed the continuity of several mineralized zones with notable grades and thicknesses. Key highlights included drill hole AZG-21-P3C-06C reporting 10.8 m at 8.2 g/t Au, and AZG-21-P3A-02C showing 2.3 m at 10.6 g/t Au. The company plans to commence reverse circulation in-fill drilling in May to facilitate final mine design. Arizona Gold aims to optimize its resource potential and economics for a planned restart of production.
Arizona Gold Corp. (OTCQB: AGAUF) announced updates on its Copperstone gold project in Arizona, revealing significant underground drilling results. Recent drill holes showed strong gold grades, with highlights including 1.5 m at 22.07 g/t Au, 4.7 m at 2.34 g/t Au, and 15.2 m at 3.27 g/t Au. The company is moving forward with infill drilling for final stope designs and anticipates an updated resource estimate following the current drilling phase. The Copperstone mine has previously produced over 500,000 ounces of gold, indicating its potential for further resource expansion.
