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Metalite Resources Inc. is a Canadian junior mineral exploration issuer with a focus on precious metals. The company recently announced a consolidation of its common shares, reducing the outstanding shares significantly. Metalite also entered into settlement agreements with creditors to issue common shares to settle debts. Furthermore, the company has signed a letter of intent to acquire an interest in an advanced critical metals project in Ontario. Metalite is launching a private placement to fund exploration work and has changed its auditor recently.
RooGold Inc. has finalized its acquisition of a 100% interest in Aussie Precious Metals Corp.'s Trilby and Lorne properties in New South Wales, Australia, following regulatory approval. In exchange for all outstanding shares of APMC, RooGold issued 4 million common shares to APMC's shareholders. This acquisition enhances RooGold's mineral exploration capabilities in a region rich in precious metals, expanding its portfolio to 13 gold and silver concessions covering 1,380 km² with 137 historic mines and prospects.
RooGold Inc. reported high-grade gold assays from its Gold Star project in New South Wales, Australia. Assays from rock chip sampling showed results up to 23.1 g/t Au, confirming significant gold mineralization. The sampling around historic Golden Bar and Golden Star mines indicated that modern exploration has been limited, creating opportunities for further discovery. The project covers an area with a rich history of gold mining, with previous samples indicating potential for additional high-grade gold targets. RooGold aims to continue exploration as surface access permits.
RooGold Inc. has announced promising high-grade gold assays from its Lorne project in New South Wales, Australia, with results up to 22.1 g/t Au. This initial sampling at the Brands Reef and Norton Mine confirms significant mineralization potential. The project spans 12 km along the Peel Manning fault system, known for its historical gold production, with plans to sample 26 historic mines covering a 10 km strike length. The company emphasizes its growth strategy through its portfolio of high-grade mineral properties.
RooGold Inc. has appointed Vishal Gupta to its Board of Directors, succeeding Carlos Espinosa, who remains as President and CEO. Gupta, a Professional Geoscientist, brings extensive mining and capital markets experience, having previously led Caprock Mining and California Gold Mining. RooGold, focused on mineral exploration in New South Wales, Australia, holds a portfolio of 14 gold and silver concessions covering 2,696 km² with significant historic mining activity.
RooGold Inc. has appointed Daniel Cohen to its board of directors, effective July 14, 2022. Cohen, currently the CEO of PharmaDrug Inc., brings nearly 20 years of experience in Canadian capital markets, having worked with firms such as Beacon Securities and RBC Capital Markets. RooGold, focused on mineral exploration in New South Wales, Australia, is enhancing its leadership to support its growth strategy in high-potential precious metals properties. The company commands a portfolio of 14 gold and silver concessions covering an area of 2,696 km².
RooGold Inc. has initiated a preliminary rock chip sampling program at its Arthurs Seat Project (EL 9144) in New South Wales. This project covers approximately 42 km² within the New England Orogen, a region rich in polymetallic deposits. The sampling involved the collection of 274 rock chip samples, revealing widespread low-level silver-antimony mineralization. Preliminary assay results from 159 samples show widespread silver presence, confirming a large hydrothermal mineral system. Further assay results are pending from 115 samples, highlighting the potential for future discoveries and exploration.
RooGold Inc. (CSE:ROO, OTC:JNCCF, Frankfurt: 5VHA) announced on June 22, 2022, that shareholders approved the re-appointment of directors Carlos Espinosa, Michael Singer, and Michael Mulberry during the June 21 meeting. They also sanctioned a new stock option plan, allowing for issuance of up to 10% of the company’s outstanding shares, totaling 7,255,995 shares. Post-meeting, Carlos Espinosa was reappointed as CEO, and Anup Sheopaul and Alexandra Bonner were designated as CFO and VP of Exploration, respectively. RooGold aims to expand its presence in Australia’s New South Wales mineral exploration sector.
RooGold Inc. has acquired a 100% interest in Exploration Licence EL 9390 in New South Wales, Australia, expanding its mineral exploration portfolio.
The license covers 229 km² and is strategically between RooGold's existing projects, the Lorne and Gold Belt Projects.
CEO Carlos Espinosa stated that this acquisition enhances their logistics and planning for future exploration.
RooGold aims to begin landowner access negotiations and rock sampling to identify new targets for mineralization.
RooGold Inc. has signed Land Access Agreements for its Gold Belt (EL9226) and Gold Star (EL9215) properties, crucial for its exploration efforts in New South Wales, Australia. The agreements facilitate exploration in areas with historic gold mining activities, with strategic field sampling planned shortly. CEO Carlos Espinosa emphasized that this access marks a significant advancement in the company's exploration work. RooGold holds a portfolio of 13 high-grade potential gold and silver concessions across 1,380 km², showcasing its commitment to becoming a key player in the region.
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