Welcome to our dedicated page for EMERGENT METALS news (Ticker: EGMCF), a resource for investors and traders seeking the latest updates and insights on EMERGENT METALS stock.
EMERGENT METALS CORP (symbol: EGMCF) is a gold and base metal exploration company with a focus on Nevada and Quebec. The company's strategy involves acquiring quality assets, adding value through exploration, and monetizing them through various transactions to benefit shareholders. They have successfully divested properties like the Troilus North and East-West properties. In Nevada, their Golden Arrow Property boasts a well-defined measured and indicated resource, with plans for a major drilling program. New York Canyon is another key property with copper skarn and porphyry mineralization. The Mindora Property is under option to Lahontan Gold Corp. In Quebec, EMERGENT's Casa South Property is strategically located near Hecla Mining Corporation's Casa Berardi Mine, with exciting exploration targets. The company also has royalties in other properties in Quebec, showing a diverse and promising portfolio. For more information, visit their website or review their filings on SEDAR.
Emgold Mining Corporation has announced the completion of a UAV-MAG Survey on its Casa South Property in Quebec, which revealed 20 geophysical exploration targets. The survey included 4,388 line-km flown and identified significant magnetic anomalies related to potential mineral deposits. Following this, Mercator Geological Services has been retained to develop a drill program aimed at exploring these targets. This effort aligns with Emgold's strategy to leverage detailed geophysical data for mineral exploration in an area proximal to Hecla Mining's Casa Berardi Mine.
Emgold Mining Corporation has completed the second tranche of its flow-through private placement, raising an additional CDN$40,000. In total, the company has secured gross proceeds of CDN$840,000 from the offering, issuing 10,500,000 flow-through units at CDN$0.08 each. Each unit includes one common share and a half share purchase warrant, exercisable at CDN$0.10 for 24 months. Proceeds will support exploration on Emgold's Canadian properties. The offering awaits final approval from the TSX Venture Exchange.
Emgold Mining Corporation has achieved a significant milestone by being approved for quotation on the OTCQB, effective July 30, 2021. This enhancement in trading platform will improve visibility and accessibility to U.S. investors, aiming to increase liquidity. Emgold will continue trading under the stock symbol EGMCF and remains listed on the TSX Venture Exchange as EMR. The OTCQB marketplace ensures compliance with stringent standards, enhancing transparency and the trading experience for investors. Emgold focuses on gold and base metal exploration in Nevada and Quebec.
Emgold Mining Corporation has announced a non-brokered flow-through private placement aiming to raise up to CDN$1,000,000 by issuing up to 12,500,000 units at CDN$0.08 each. Each unit includes one common share and a half warrant, with the full warrant exercisable at CDN$0.10 for 24 months. The company completed the first tranche, raising CDN$800,000 through the issuance of 10,000,000 units. Proceeds will finance exploration in Quebec, and insiders may participate without formal valuation, exempt under MI 61-101.
Emgold Mining Corporation (EGMCF) has announced an expansion of its diamond drilling program at the New York Canyon Copper Property in Nevada, in collaboration with Kennecott Exploration Company, a subsidiary of Rio Tinto. This drilling follows positive initial results, aiming to explore the property which consists of 417 unpatented and 21 patented claims across approximately 8,700 acres. KEX can earn up to a 75% interest in the property through $22.5 million in exploration expenditures. Current exploration involves re-assessing historic data and continuing diamond core drilling.
Emgold Mining Corporation announced the commencement of diamond drilling by Kennecott Exploration Company, a subsidiary of Rio Tinto, at the New York Canyon Copper Property in Nevada. This property spans approximately 8,700 acres and features copper oxide and sulfide mineralization. Kennecott can earn a 75% interest by investing up to US$22.5 million in exploration. The initial drilling will target several exploration sites, with five diamond drill holes planned. Additional geological surveys and mapping will follow in 2021.
Emgold Mining Corporation announced that Kennecott Exploration Company (a subsidiary of Rio Tinto) is starting a drilling program at the New York Canyon Property in Nevada. KEX has the potential to earn a 75% interest by spending up to US$22.5 million on exploration. The drilling, which includes five diamond holes targeting three areas, will commence after receiving necessary permits, with an expected duration of two years. Historical drilling has indicated significant mineralization, including 0.41% Cu over substantial intervals. Emgold aims to unlock the property’s potential with this partnership.
Emgold Mining Corporation (OTC PINK:EGMCF) has announced key updates on its exploration activities in Nevada and Quebec. The Golden Arrow property now holds a measured resource of 296,500 oz Au and 4.0 million oz Ag, with ongoing geophysical surveys and soil sampling aimed at expanding resources. The New York Canyon property features a historical resource of 139.7 million lbs Cu, with drilling activities expected to commence soon. Emgold is also progressing exploration at other properties, including Mindora, Koegel Rawhide, Casa South, and East-West.
Emgold Mining Corporation (OTC PINK: EGMCF) announced a 12-month extension on the exercise period for 7,906,717 share purchase warrants initially set to expire in 2021 and 2022. This extension applies to warrants purchased in private placements from 2019, maintaining a consistent exercise price of $0.17. Additionally, Emgold has engaged Plutus Bridge Capital to enhance investor relations for a 3-month period, with a fee of $3,000 per month. The company's properties are mainly located in Nevada and Quebec, focusing on gold and base metal exploration.
Emgold Mining Corporation has contracted Zonge International Inc. for an induced polarization and resistivity ground geophysics survey at its Golden Arrow Property in Nevada. The Survey aims to identify additional exploration targets, covering areas south of known deposits. Field work, initiated on January 24, 2021, will last approximately 30 days, subject to weather and Covid-19 conditions. The data will complement previous geophysical surveys and drilling efforts, with results expected in Q1 2021.
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