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Cleghorn Minerals Ltd. (TSXV: CZZ) is a mineral exploration company based in Val-d'Or, Quebec. The company focuses on exploring and developing mineral properties with a primary goal of discovering high-grade gold deposits. Cleghorn recently held its annual general meeting of shareholders where four directors were elected, and various committees were reconstituted. The company has appointed Raymond Chabot Grant Thornton LLP as its auditor and re-approved a 10% rolling stock option incentive plan. For further inquiries, contact Glenn J. Mullan at 819-824-2808 or glenn.mullan@valdormining.com.
Cleghorn Minerals has reported significant channel sampling results from its Meech Lake - Matachewan Prospect in northeastern Ontario. The Phase II exploration program revealed notable findings at three main mineralized zones:
At the Kell's Showing, samples yielded 4.91% copper, 1.35% nickel, 1.53 ppm platinum and 4.49 ppm palladium over 0.5 metres. The Waterhole Showing produced 2.08 ppm Gold, 5.2 ppm Silver & 1.08% Zinc over 0.7 metres. The exploration confirmed two separate mineralized systems: the Kell's Ni-Cu-PGE Showing and the Waterhole Au-Ag-Zn Showing, defined over 45 metres and 370 metres respectively.
Cleghorn Minerals (TSXV: CZZ) held its annual general and special meeting on October 18, 2024, in Val-d'Or, Québec. Shareholders re-elected four incumbent directors and appointed Raymond Chabot Grant Thornton LLP as the company's auditor. The 10% rolling stock option incentive plan was re-approved. Shareholders also approved the creation of Glenn J. Mullan and Joseph Groia as Control Persons, subject to TSX Venture Exchange policies.
The company's articles were altered to include mandatory procedures for director nominations. Following the meeting, the Board reconstituted its committees and reappointed officers. Glenn J. Mullan was reappointed as President and CEO, while Isabelle Gauthier was named CFO and Corporate Secretary. The Board granted 950,000 incentive stock options to directors, officers, and consultants at $0.05 per share for a 5-year period.
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