Slave Lake Zinc Announces Private Placement Financing Opportunity to Unlock O'Connor Lake's Multi-Metal Potential
Slave Lake Zinc Corp. (CSE: SLZ) has announced a private placement financing opportunity to accelerate exploration at its O'Connor Lake Project in the Northwest Territories. The financing aims to raise up to $500,000 through a combination of flow-through units (up to $350,000 at $0.06 per unit) and hard dollar units (up to $150,000 at $0.04 per unit). Each unit includes one share and a full warrant exercisable at $0.08 for two years.
Proceeds will fund a Phase One Ground Exploration Plan to verify historical assay results and locate additional mineralized zones. The company plans to use this data to prioritize areas for a 2025 drill program. Historic assays from the property have shown promising results, including high-grade gold, lead, zinc, and silver samples.
Slave Lake Zinc Corp. (CSE: SLZ) ha annunciato un'opportunità di finanziamento tramite collocamento privato per accelerare l'esplorazione del suo progetto O'Connor Lake nei Territori del Nord-Ovest. Il finanziamento mira a raccogliere fino a 500.000 dollari attraverso una combinazione di unità flow-through (fino a 350.000 dollari a 0,06 dollari per unità) e unità in dollari hard (fino a 150.000 dollari a 0,04 dollari per unità). Ogni unità include un'azione e un warrant completo esercitabile a 0,08 dollari per due anni.
I proventi finanzieranno un Piano di Esplorazione del Suolo Fase Uno per verificare i risultati storici delle analisi e localizzare ulteriori zone mineralizzate. L'azienda prevede di utilizzare questi dati per dare priorità a aree per un programma di perforazione 2025. Le analisi storiche del sito hanno mostrato risultati promettenti, inclusi campioni di oro, piombo, zinco e argento di alta qualità.
Slave Lake Zinc Corp. (CSE: SLZ) ha anunciado una oportunidad de financiación a través de colocación privada para acelerar la exploración de su proyecto O'Connor Lake en los Territorios del Noroeste. La financiación tiene como objetivo recaudar hasta 500,000 dólares a través de una combinación de unidades flow-through (hasta 350,000 dólares a 0.06 dólares por unidad) y unidades en dólares duros (hasta 150,000 dólares a 0.04 dólares por unidad). Cada unidad incluye una acción y una garantía completa que se puede ejercer a 0.08 dólares durante dos años.
Los ingresos financiarán un Plan de Exploración del Suelo Fase Uno para verificar los resultados históricos de análisis y localizar zonas mineralizadas adicionales. La empresa planea utilizar estos datos para priorizar áreas para un programa de perforación 2025. Los análisis históricos de la propiedad han mostrado resultados prometedores, incluyendo muestras de oro, plomo, zinc y plata de alta calidad.
Slave Lake Zinc Corp. (CSE: SLZ)은 북서지역의 O'Connor Lake 프로젝트에서 탐사를 가속화하기 위한 사모 배정 자금 조달 기회를 발표했습니다. 이 자금 조달은 흐름전환 유닛(최대 350,000달러, 유닛당 0.06달러)과 현금 유닛(최대 150,000달러, 유닛당 0.04달러)의 조합을 통해 최대 500,000달러를 모금하는 것을 목표로 하고 있습니다. 각 유닛에는 한 주식과 2년 동안 0.08달러에 행사할 수 있는 전체 워런트가 포함되어 있습니다.
수익금은 역사적 분석 결과를 검증하고 추가 광물이 있는 지역을 찾아내기 위한 1단계 지상 탐사 계획에 사용될 것입니다. 회사는 이 데이터를 사용하여 2025년 시추 프로그램을 위한 우선 탐사 지역을 정할 계획입니다. 해당 지역의 역사적 분석 결과는 고품질 금, 납, 아연, 은 샘플을 포함한 유망한 결과를 보여주었습니다.
Slave Lake Zinc Corp. (CSE: SLZ) a annoncé une opportunité de financement par placement privé pour accélérer l'exploration de son projet O'Connor Lake dans les Territoires du Nord-Ouest. Le financement vise à lever jusqu'à 500 000 dollars par le biais d'une combinaison d'unités flow-through (jusqu'à 350 000 dollars à 0,06 dollar par unité) et d'unités en chiffres durs (jusqu'à 150 000 dollars à 0,04 dollar par unité). Chaque unité comprend une action et un warrant complet exerçable à 0,08 dollar pendant deux ans.
Les produits financeront un Plan d'Exploration Souterraine Phase Un visant à vérifier les résultats d'analyse historiques et à localiser des zones minéralisées supplémentaires. L'entreprise prévoit d'utiliser ces données pour prioriser les zones pour un programme de forage 2025. Les analyses historiques de la propriété ont montré des résultats prometteurs, incluant des échantillons d'or, de plomb, de zinc et d'argent de haute qualité.
Slave Lake Zinc Corp. (CSE: SLZ) hat eine Private Placement Finanzierung angekündigt, um die Erkundung seines O'Connor Lake Projekts in den Nordwest-Territorien zu beschleunigen. Die Finanzierung zielt darauf ab, bis zu 500.000 Dollar durch eine Kombination aus Flow-Through-Einheiten (bis zu 350.000 Dollar zu 0,06 Dollar pro Einheit) und Hard-Dollar-Einheiten (bis zu 150.000 Dollar zu 0,04 Dollar pro Einheit) zu sammeln. Jede Einheit umfasst eine Aktie und ein volles Warrant, das für zwei Jahre zu 0,08 Dollar ausgeübt werden kann.
Die Einnahmen werden einen Phase-One-Boden-Erkundungsplan finanzieren, um historische Analyseergebnisse zu verifizieren und zusätzliche mineralisierte Zonen zu lokalisieren. Das Unternehmen plant, diese Daten zu nutzen, um Bereiche für ein Bohrprogramm im Jahr 2025 zu priorisieren. Historische Analysen des Geländes haben vielversprechende Ergebnisse gezeigt, darunter hochgradiges Gold-, Blei-, Zink- und Silberproben.
- Private placement financing of up to $500,000 to accelerate exploration efforts
- Phase One Ground Exploration Plan to verify historical assay results and locate new mineralized zones
- Historic assays show high-grade multi-metal potential (gold, lead, zinc, silver)
- 2021 airborne magnetic survey revealed significant structural disruption in the O'Connor Lake area
- Planned 2025 drill program based on Phase One exploration data
- Historical assays mentioned are not 43-101 compliant
- Exploration-stage company with no current revenue or production
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - Slave Lake Zinc Corp. (CSE: SLZ) (the "Company") is pleased to announce a private placement financing opportunity to accelerate the Company's exploration efforts at its flagship O'Connor Lake Project in the Northwest Territories. This private placement offers investors the chance to participate in the development of a project with significant large-scale multi-base and precious metal potential.
Financing Details:
- Combination financing of up to
$500,000 :- Flow-through units: up to
$350,000 - Unit price:
$0.06 - One share and full warrant:
$0.08 exercise price, expiring 2 years after closing
- Unit price:
- Flow-through units: up to
- Hard dollar units: up to
$150,000 - Unit price:
$0.04 - One share and full warrant:
$0.08 exercise price, expiring 2 years after closing
- Unit price:
Fueling Exploration and Growth:
Proceeds from this offering will be strategically allocated to two key areas:
- Phase One Ground Exploration Plan: This program will verify historical assay results returned from structurally controlled vein systems. The 2021 airborne magnetic survey has shown tremendous structural disruption within the O'Connor Lake area which lies within the Taltson Magmatic Zone. Prospecting and geophysical ground surveying will be used to locate and document additional mineralized zones. The data will be reviewed and prioritized for a drill program in 2025.
- General Working Capital: The majority of funds will support continued exploration to help build shareholder value.
Validating Valuable Historical Discoveries:
Historic assays from the O'Connor Lake property highlight its exciting potential:
- BSM Showing (north of original head frame): 0.88 g/t gold,
4.2% lead,19.4% zinc - West of O'Connor Lake: 1952 sampling revealed 30.2 g/t gold,
21% lead,6.7% zinc, 1.2 oz/t silver - MCO Sample (1965): 11.58 oz/t silver,
0.40% lead,1.1% zinc (between Frank Lake and O'Connor Lake)
*Please note that these assays are not 43-101 compliant.
Unlocking the Potential:
Phase One exploration data will be used to pinpoint the most promising areas for a strategic drilling program.
Ritch Wigham, CEO, commented: "This financing opportunity allows investors to participate in the advancement of a highly prospective project with a long history of positive exploration results. We are confident that Phase One exploration will pave the way for a successful drilling program that unlocks the true potential of the O'Connor Lake property."
QP Statement
Gary Vivian, M.Sc., P.Geo., is a consultant to Slave Lake Zinc Corp. and a qualified person (QP) pursuant to National Instrument 43-101. Mr. Vivian has reviewed and approved the scientific and technical information contained in this news release.
On Behalf of the Board of Directors,
Slave Lake Zinc Corp.
Per:
Ritch Wigham CEO & Director
Phone: 604-396-5762
Email: rwigham@zinccorp.ca
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release
Forward Looking Statement
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both Slave Lake Zinc's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "plan", "estimate", "expect", "intend", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include, without limitation, statements regarding the progress of a definitive offtake agreement, potential development and production at the Company's O'Connor Lake project, future oriented events and other statements that are not facts. Forward-looking statements are based on a few assumptions and estimates that, while considered reasonable by management based on the business and markets in which Slave Lake Zinc operates, are inherently subject to significant operational, economic, and competitive uncertainties and contingencies. Such forward-looking statements should therefore be construed in light of such factors. Although Slave Lake Zinc has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Slave Lake Zinc disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Slave Lake Zinc does not assume any liability for disclosure relating to any other company
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220517
FAQ
What is the purpose of Slave Lake Zinc's (SLZNF) private placement financing?
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