E2GOLD INC - ETUGF STOCK NEWS

E2Gold Inc. (OTCQB:ETUGF) is advancing its exploration activities on gold and base metal targets across its Hawkins Gold Project in Ontario. The plans for 2023 include drilling in the Central Hawkins Corridor, focusing on the McKinnon Zone, where an inferred resource of 6.2 million tonnes at 1.65 g/t gold exists. The company aims to clarify structural controls affecting gold grades and identify mineable widths. The exploration also extends to other promising areas like Goldfields and Dubroy, with significant soil and IP surveys scheduled.

E2Gold Inc. (OTCQB:ETUGF) announced the appointment of Peter Bojtos to its Board of Directors, enhancing its mining expertise. The company reported promising results from its fall prospecting program at the Band-Ore Project, revealing high-grade gold samples up to 23.60 g/t over a 6 km area west of the Main Zone. Assay results remain pending from the drill program that tested the Main Zone and No. 4 Zone, which historically housed over 250,000 ounces of gold. E2Gold aims to refine future drill targets based on ongoing analyzes.

E2Gold Inc. (OTCQB:ETUGF) announced promising results from its summer sampling program at the Band-Ore project near Thunder Bay. Notable findings include 51.4 g/t Au over 1 m and 6.29 g/t Au over 2.85 m in trenches. The company completed a 1,000 m drill program with assays pending. The Main Zone and No. 4 Zone previously hosted historic resources of 706,000t @ 6.86g/t Au and 616,000t @ 4.84g/t Au, respectively. CEO Eric Owens expressed optimism about the ongoing exploration and mineralization potential.

E2Gold Inc. (OTCQB:ETUGF) has commenced its inaugural drilling program at the historic Band-Ore gold project, located in northwestern Ontario. This program targets the Main Zone and No. 4 Zone, which host significant historic resources (706,000t @ 6.86g/t Au and 616,000t @ 4.84g/t, respectively). The company is planning additional surface prospecting this fall to identify new targets. E2Gold's strategic property optioning involves a minimal upfront payment of $150,000, allowing thorough assessment for potential deposit growth.

E2Gold announces significant management changes, appointing Carmelo Marrelli as the new Chief Financial Officer and Jeff Pritchard to the Board of Directors, enhancing its corporate governance. Marrelli brings over 20 years of financial expertise, while Pritchard has over 25 years of mining industry experience, including the successful development of the El Chanate Gold Mine. The company is also progressing on its exploration activities at the Hawkins property and preparing for its first drill program at the Band-Ore Property, expected to start later this summer.

E2Gold Inc. (ETUGF) has successfully closed a private placement, raising gross proceeds of $2,531,216. The offering involved the issuance of 14,383,331 units at $0.06 each, along with flow-through units and special flow-through units. Notably, Kinross Gold's investment validates E2Gold's project activities. Funds will be allocated to Canadian exploration expenses for the Hawkins Gold project and other initiatives. Insiders acquired 3,816,665 units in the offering. E2Gold also issued 3,333,333 shares to fulfill obligations under an option agreement for its Hawkins Gold property.

E2Gold Inc. (OTCQB:ETUGF) has acquired the mineral rights to 381 new claims in the Hawkins Gold Project region of Ontario, enhancing its coverage of the Kabinakagami Greenstone Belt. The company aims to map and prospect these claims, with potential drilling targets for 2023. Additionally, E2Gold plans to issue 3,333,333 common shares at $0.06 each, fulfilling a share payment obligation worth $200,000 under an option agreement with Pavey Ark Minerals. Approval from the TSX Venture Exchange is pending.

E2Gold Inc. announced a strategic investment from Kinross Gold Corporation, intending to support the Hawkins Gold Project through a private placement. This will result in Kinross holding approximately 9.9% of E2Gold's shares following the closing of the offering, projected to raise up to C$3,000,000. Units will be priced at C$0.06, with special flow-through units at C$0.085. The funds will primarily fund exploration activities at Hawkins and the Band Ore project. The offering is scheduled to close around June 23, 2022.

E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) has successfully closed the first tranche of its private placement, raising $1,178,540 by issuing 5,615,000 units at $0.10 per unit and 5,609,454 flow-through units at $0.11 each. Proceeds will primarily support field exploration on the Hawkins project in Ontario and general corporate purposes. Insiders purchased 2,000,000 units. The offering is subject to TSX Venture Exchange approval.