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About Big Ridge Gold Corp. (OTCQB: ALVLF)
Big Ridge Gold Corp. is a Canadian-based exploration and development company committed to advancing high-potential gold mining projects with a focus on creating long-term value for stakeholders. The company operates within the precious metals mining industry, specializing in gold exploration and development across Canada. With a disciplined and experienced management team, Big Ridge is dedicated to employing industry best practices and fostering strong relationships with local communities.
Flagship Project: Hope Brook Gold Project
The Hope Brook Gold Project, located on the southwest coast of Newfoundland and Labrador, is Big Ridge’s flagship asset. This advanced-stage project has a rich history, having produced over 750,000 ounces of gold from 1987 to 1997. Currently, the project boasts an indicated resource of 1.2 million ounces of gold at a grade of 2.32 g/t and an inferred resource of 231,000 ounces at a grade of 3.25 g/t. The deposit also includes significant copper mineralization, adding economic value to the resource. Hope Brook benefits from well-maintained infrastructure, including a 28-person camp, a 1,100-meter airstrip, an ice-free docking facility, and a connection to the provincial electrical power grid. The site’s exploration potential extends across its 24,000-hectare concession, with recent studies identifying new drill targets southwest of the current resource area.
Additional Projects
Oxford Gold Project
Located in Manitoba, the Oxford Gold Project is a 100%-owned property with significant exploration potential. The project hosts the Rusty Gold Deposit, a historical resource of 154,000 ounces of gold at an average grade of 6 g/t, making it a compelling target for further exploration.
Destiny Gold Project
Big Ridge also owns the Destiny Gold Project in Quebec, which has been optioned to Caprock Mining Corp. Under the terms of the agreement, Caprock is conducting exploration to unlock the project’s potential, while Big Ridge retains a 1% net smelter return royalty, ensuring future value creation.
Strategic Focus and Competitive Advantages
Big Ridge distinguishes itself through its disciplined approach to project development, emphasizing environmental stewardship and the use of advanced technologies such as ore sorting and gold deportment studies. The company’s ability to renegotiate key agreements, such as increasing its ownership in Hope Brook to 80% while reducing required expenditures, highlights its financial acumen and commitment to shareholder value. Additionally, its community-focused initiatives and adherence to regulatory compliance strengthen its social license to operate, a critical factor in the mining industry.
Exploration and Development Expertise
Big Ridge’s experienced team of geologists and mining professionals employs cutting-edge exploration techniques to identify and expand gold resources. Recent geophysical surveys and fieldwork at Hope Brook have revealed several kilometers of new drill targets, underscoring the project’s growth potential. The company’s robust exploration pipeline positions it as a significant player in Canada’s gold mining sector.
Commitment to Sustainability
Big Ridge is dedicated to sustainable mining practices, integrating environmental baseline studies and community engagement into its project development strategies. The company’s proactive approach to environmental and social governance (ESG) ensures that its projects align with industry standards and local expectations, fostering trust and long-term partnerships.
With its strategic focus, advanced-stage projects, and commitment to best practices, Big Ridge Gold Corp. is well-positioned to capitalize on the growing demand for gold while delivering value to its stakeholders.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has provided a corporate update highlighting key achievements in 2024 and objectives for the Hope Brook Gold Project (HBGP) in Newfoundland and Labrador. The company successfully finalized an 80% earn-in at HBGP while reducing required project expenditures by approximately $6 million.
Key accomplishments include completing environmental baseline work, initiating ore sorting and copper/gold deportment studies, and conducting field programs on the southwest extensions of the Main and 240 Zones. Geophysical results established several kilometers of new drill targets southwest of the current resource estimate.
Future steps include releasing exploration results from the 2024 field program, finalizing drill targets on newly defined extensions, providing updates on ore sorting and deportment study results, and completing the Environmental Baseline Report.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) announces its reliance on CSA Coordinated Blanket Order 51-931 for exemption from sending proxy-related materials for its upcoming Annual General Meeting on December 23, 2024. This decision comes due to the ongoing Canadian Union of Postal Workers strike that began November 15, 2024.
Meeting materials are available on SEDAR+ and the company's website. Shareholders can access materials online or contact CFO Jim Kirke for electronic copies. The meeting will vote on: setting five directors, electing directors, and appointing Davidson & Company LLP as auditors.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has entered into a binding Option Agreement with Caprock Mining Corp for its Destiny gold property in Quebec. Under the agreement, Caprock can earn 100% interest through:
- 8,000,000 common shares issuance by April 2, 2025
- Staged cash payments totaling $750,000
- Share issuances worth $1.3 million
- Exploration expenditures of $1.95 million over three years
Big Ridge will retain a 1% net smelter return royalty, which Caprock can buy back for $1.0 million. The property is located 75km northeast of Val d'Or, Quebec.
Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) has announced that due to the ongoing Canadian postal strike, materials for its upcoming Annual General Meeting on December 23, 2024, are available on www.sedarplus.ca and the company's website. Shareholders can access materials online or contact the CFO for electronic copies. The company's transfer agent, Computershare, will email voting instructions to registered shareholders. Both Non-Objecting and Objecting Beneficial Shareholders can obtain voting materials through specified channels. Additionally, the company announced that Board Chair Dr. Bill Williams will not seek re-election.
Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) has provided an update on its exploration activities at the Hope Brook Gold Project (HBGP) in Southern Newfoundland. The company is continuing its systematic exploration program along highly prospective gold-bearing structures southwest of the Main and 240 Zones. Key points include:
1. Geophysical interpretation of 2023 surveys, including walking magnetometer and DC Induced Polarization surveys.
2. Identification of parallel high chargeability anomalies correlating with the Hope Brook Main Deposit and 240 Zone.
3. Field reconnaissance work in July and August 2024, focusing on the Chetwynd Prospect area.
4. Preparation for a 2025 drill program, with ongoing exploration in the Hope Brook Deformation Zone.
The company aims to define robust drill targets for 2025, focusing on a 5 km section of the Cinq Cerfs Deformation Zone.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has provided an update on ongoing studies at the Hope Brook Gold Project (HBGP) in Newfoundland and Labrador. Key highlights include:
1. Completion of environmental baseline fieldwork in July to support Project Registration preparation.
2. Shipment of samples for an Ore Sorting Study to Saskatchewan Research Council (SRC).
The company expects to complete environmental baseline and ore sorting studies in Q4 2024, adding significant value to the upcoming Preliminary Economic Assessment. Environmental survey work builds on previous studies, evaluating the natural environment and current brownfield mine site condition. Ore sorting tests aim to separate 'zero grade' lithologies from mineralized ones, potentially improving mining efficiency. Additionally, SRC will conduct a gold deportment study to assess gold and copper distribution in the mineralization.
Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) has entered into a non-binding Letter of Intent (LOI) with Caprock Mining Corp. (CSE: CAPR) for the option of its 100% owned Destiny gold property in Quebec. The proposed terms include:
1. Caprock to issue 8,000,000 common shares on closing
2. Cash payments totaling $750,000 over three years
3. Share issuances worth $1,300,000 over three years
4. Exploration expenditures of $2,450,000
5. Big Ridge to retain a 1% NSR with a $1.0 million buy-back right
The agreement is subject to a definitive option agreement. Big Ridge's CEO, Mike Bandrowski, expressed excitement about the potential of the Destiny Gold Project and the timing given the recent gold price movement.
Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has closed a non-brokered private placement of 30,000,000 common shares at $0.05 per share, raising $1,500,000 in gross proceeds. The funds will be used for exploration and development of the Hope Brook Gold Project and general working capital. Notably, Michael Gentile has increased his holdings to 9.9% of the company, acquiring 12.6 million shares over the last six months. The company's market capitalization is currently $11 million. Big Ridge aims to capitalize on the strong gold price environment with the Hope Brook project, which offers regional infrastructure synergies and significant exploration potential. The company also announced the resignation of James Maxwell as a director.
Big Ridge Gold Corp. has announced its 2024 work program for the Hope Brook Gold Project in Newfoundland and Labrador. Key activities include mobilizing the team in mid-July, completing environmental baseline work, continuing ore sorting studies, and reconnaissance work for future drilling plans. Environmental studies will build on previous data to prepare for Project Registration, while ore sorting tests will assess the separation of non-mineralized rock. Preparations for a 2025 drill program will follow results from 2023 surveys. The work aims to support a Preliminary Economic Assessment and explore potential resource growth.
Big Ridge Gold Corp. (TSXV: BRAU, OTCQB: ALVLF) announced the grant of incentive stock options and share-based compensation to officers and non-executive directors effective July 1, 2024.
The company awarded 1.5 million options to its officers under their Amended and Restated Option Plan, exercisable at $0.06 per share and expiring on July 1, 2029.
Additionally, 150,000 Restricted Share Units (RSUs) were awarded to officers, vesting in equal tranches from 2025 to 2027.
Furthermore, 1.8 million Deferred Share Units (DSUs) were awarded to directors, vesting immediately under the company's cash-based DSU Plan.
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