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Pasofino Gold Limited - EFRGF STOCK NEWS

Welcome to our dedicated page for Pasofino Gold news (Ticker: EFRGF), a resource for investors and traders seeking the latest updates and insights on Pasofino Gold stock.

Overview of Pasofino Gold Limited

Pasofino Gold Limited (symbol: EFRGF) is a Canadian-based mineral exploration company, with a core focus on gold exploration through advanced drilling technologies and comprehensive geological surveying. Operating primarily in West Africa, the Company leverages cutting-edge diamond core drilling and reverse circulation techniques to explore significant gold potential within its extensive Dugbe Gold Project in Liberia. The exploration efforts are firmly rooted in technical excellence and a deep understanding of local geological structures, making Pasofino a credible subject for detailed market analysis and investment research.

Exploration and Operational Methodology

Pasofino integrates a range of sophisticated methods to target gold mineralisation. Detailed geological mapping and ground magnetic surveys play a pivotal role in identifying structural controls such as east-west trending fold axes. The Company’s drilling campaigns are meticulously planned based on historical artisanal mining data and previous exploration programs, ensuring that every drill hole is positioned to maximize the probability of intercepting high-grade zones. This multi-disciplinary approach is not only a demonstration of scientific rigor, but also reinforces the Company's position as a knowledgeable operator in the complex field of mineral exploration.

Project Significance and Historical Context

The Dugbe Gold Project, encompassing thousands of square kilometers in southern Liberia, is situated within the revered Birimian Supergroup—a geological formation known for its prolific gold deposits. The project area has a rich history of artisanal gold mining dating back several decades, and recent technical surveys have revealed that significant mineralisation extends along well-defined structural features such as fold closures and synforms. These factors contribute to the Company’s robust exploration strategy that is designed to balance modern exploration technologies with historical data insights, ensuring a comprehensive evaluation of the resource potential.

Technical Excellence and Quality Assurance

At the heart of Pasofino’s operations is a stringent adherence to quality assurance and control protocols. The Company employs internationally recognized techniques and rigorous sampling procedures to validate its exploration results. With an emphasis on diamond core drilling, the detailed logging of geological structures, and high standards in laboratory analyses, Pasofino ensures that every exploration data point is accurate, reliable, and prepared in accordance with industry standards. These practices play a crucial part in bolstering investor confidence and establishing the Company’s credibility in the mining and exploration sector.

Community Engagement and Strategic Developments

Beyond technical precision, Pasofino Gold Limited demonstrates a strong commitment to community engagement and local infrastructure improvements. Prior to the initiation of its drilling campaigns, the Company invests in necessary logistical enhancements—such as road and bridge repairs—that not only support exploration activities but also nurture positive relationships with local communities. This proactive engagement with stakeholders exemplifies a broader strategy that integrates operational efficiency with corporate social responsibility, ensuring that project development is both sustainable and mutually beneficial.

Market Position and Operational Insight

In an industry characterized by evolving technical challenges and inherent exploration risks, Pasofino Gold Limited positions itself as a participant with deep technical expertise and a well-structured approach to mineral exploration. Leveraging a blend of historical artisanal insights with modern geological survey data, the Company is able to refine its drilling programs to target high-grade gold zones effectively. This balanced and methodical approach enables analysts and researchers to gain a clear view of the underlying factors driving the Company’s exploration efforts, thereby supporting informed, non-speculative market research rather than direct investment advice.

Conclusion

Overall, Pasofino Gold Limited represents an insightful case study within the gold exploration arena. Its dynamic integration of modern exploration techniques, adherence to high quality standards, and strong local community engagement practices collectively underpin its ongoing exploration initiatives. With a thorough focus on technical excellence and a nuanced understanding of regional geology, the Company remains an informative subject for those seeking to understand the complexities and potential of mineral exploration in West Africa.

Rhea-AI Summary

Pasofino Gold has announced the appointment of Warren Greenslade as interim CEO, replacing Dr. Daniel Limpitlaw. Dr. Limpitlaw will remain as a consultant, focused on providing technical support for the Dugbe Project. Greenslade, currently the Country Manager for Liberia, brings 15 years of project and operational management experience, including roles in Bosnia, the Middle East, and Africa. His previous experience includes positions with Chevron Oil and managing mining projects in Ghana, DRC, Guinea, and Gabon. The company aims to appoint a permanent CEO with a strong mine development track record as the Dugbe Project progresses.

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Pasofino Gold (EFRGF) announces the start of drilling at Bukon Jedeh, a priority target for gold exploration in Liberia. The drilling program will test historic results, artisanal mine-sites, and new targets in a gold-rich zone. Pasofino has completed ground magnetic surveying and geological mapping to inform drilling locations. The community leaders have welcomed the company's work, and Pasofino is focusing on optimizing the 2022 Feasibility Study. CEO Daniel Limpitlaw expressed excitement about the drilling campaign, highlighting the potential for new gold deposits in the region.
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Pasofino Gold Limited announces the commencement of exploration at Bukon Jedeh, a target area at the Dugbe gold project in Liberia. The area shows potential for high-grade gold deposits, with drilling expected to start in March 2024. Community support, historical data, and geological mapping indicate promising prospects for new discoveries.
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Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) notes an announcement made by its majority shareholder, Hummingbird Resources plc (AIM: HUM), confirming the passing of resolutions proposed at its General Meeting and the closing of its Open Offer. HB PLC has announced an intention to dedicate approximately $2 million to the Dugbe Gold project, subject to commercial terms and necessary approvals.
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Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) notes an announcement made by its majority shareholder, Hummingbird Resources plc (AIM: HUM), confirming the passing of all resolutions proposed to shareholders at its General Meeting and the closure of its Open Offer. HB PLC has announced an intention to dedicate approximately $2 million to the Dugbe Gold project, subject to commercial terms and necessary approvals.
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Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) notes an announcement made by its majority shareholder, Hummingbird Resources plc (AIM: HUM), regarding a proposed Share Placement expected to close on 10th January 2024. Approximately $2 million of the proceeds will be dedicated to progressing the Dugbe Gold Project in Liberia, bringing this highly valuable asset closer to production. The funds will be used to optimize the 2022 Definitive Feasibility Study through FY-2024 and further progress the Project.
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Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) and Hummingbird Resources plc (AIM: HUM) have completed the consolidation of the Dugbe Gold Project. Pasofino now owns 100% of the project, with HB PLC becoming a control person of Pasofino. As consideration, Pasofino issued 54,027,783 common shares to HB PLC. The board and management of Pasofino have undergone changes, with new directors appointed and previous ones resigning.
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Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) has closed in escrow the consolidation of its ownership interest, now owning 100% of the Dugbe Gold Project. This was pursuant to Pasofino's exercise of its right under the option agreement to cause HB PLC to sell its 51% interest in Hummingbird Resources (Liberia) Inc. to Pasofino. As consideration, Pasofino issued 54,027,783 common shares to HB PLC, making HB PLC a 'control person' of Pasofino. The completion of the consolidation is subject to TSXV approval of the Personal Information Form filed by HB PLC.
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Pasofino Gold announces gold mineralisation at the Dugbe Shear Zone target, supporting the potential for additional deposits. Trench results indicate a significant mineralised zone. Drilling is the next step to test the grade and thickness of the zone.
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Pasofino Gold Limited announces the departure of Neil Herbert from the board of directors.
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FAQ

What is the current stock price of Pasofino Gold (EFRGF)?

The current stock price of Pasofino Gold (EFRGF) is $0.382 as of March 31, 2025.

What is the market cap of Pasofino Gold (EFRGF)?

The market cap of Pasofino Gold (EFRGF) is approximately 38.6M.

What is the primary focus of Pasofino Gold Limited?

The Company is primarily engaged in gold exploration using advanced drilling methods and geophysical surveys to identify and develop high-potential gold deposits.

How does Pasofino approach its exploration activities?

Pasofino employs rigorous geological mapping, magnetic surveys, and both diamond core drilling and reverse circulation techniques to strategically target gold mineralisation zones.

What is significant about the Dugbe Gold Project?

Located in southern Liberia within the Birimian Supergroup, the Dugbe Gold Project is notable for its extensive area and rich history of artisanal mining, combined with modern exploration data that underscores its potential.

How does the Company ensure quality and reliability in its exploration data?

By utilizing detailed sampling procedures, strict quality assurance protocols, and internationally recognized laboratory standards, Pasofino ensures that its exploration data is accurate and reliable.

What role does community engagement play in Pasofino's strategy?

The Company invests in local infrastructure, active communication, and stakeholder engagement to foster positive community relationships and support sustainable project development.

How does Pasofino differentiate itself from other exploration companies?

Through a combination of modern drilling technologies, precise geological mapping, integration of historical artisanal data, and stringent quality controls, the Company offers a disciplined, multi-faceted approach to uncovering gold deposits.

What are the potential risks acknowledged by Pasofino in its exploration efforts?

Key risks include the technical challenges of drilling in complex geological settings, regulatory changes, and the inherent uncertainties associated with mineral exploration.
Pasofino Gold Limited

OTC:EFRGF

EFRGF Rankings

EFRGF Stock Data

38.61M
38.19M
67.37%
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