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Canadian Gold Corp. (TSXV: CGC) is a Toronto-based mineral exploration and development company focused on expanding the high-grade gold resource at the past-producing Tartan Mine in Flin Flon, Manitoba. With a 100% interest in greenfields exploration properties in Ontario and Quebec, adjacent to major gold mines, the company is dedicated to increasing its mineral resources and exploring new potential projects. Led by President & CEO Ed Huebert, Canadian Gold Corp. benefits from a positive regulatory environment in Manitoba, and robust road access and infrastructure at the Tartan Lake project.
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Canadian Gold Corp. (TSXV: CGC) completes private placement offering, raising $2,515,750. The offering included flow through shares and units, with officers, directors, and insiders subscribing for $643,657. The company also provides an update on the ongoing Phase 2 drilling program.
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Canadian Gold Corp. (TSXV: CGC) completes second tranche closing of private placement offering, raising $1,729,997, with plans for a third tranche closing to increase the total offering to $2,557,000. The second tranche closing resulted in the issuance of flow through shares and units. Officers, directors, and insiders subscribed for a total of $643,657 of the gross proceeds, resulting in related party considerations. The company also paid finders fees to eligible finders.
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Canadian Gold Corp. (TSXV: CGC) has received a $300,000 grant from the Manitoba Mineral Development Fund to support its exploration program at the Tartan Mine near Flin Flon, Manitoba. This grant, combined with the Company's treasury and pending final tranche closing of the current financing, will increase Canadian Gold's total capital to approximately $3.5 million. The funding will help advance the ongoing 2,500 metre diamond drill program for the 2023/24 period, and the MMDF has a significant impact on mineral exploration in Manitoba, boosting economic development and regional investment across the province.
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Canadian Gold Corp. (TSXV: CGC) announces Phase 2 drilling program at Tartan Mine in Flin Flon-Snow Lake Greenstone belt, Manitoba. The program aims to test gold mineralization continuity within the Main Zone and expand high-grade mineralization, with a minimum of 2,500 meters of drilling planned.
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Canadian Gold Corp. closes first tranche of private placement offering, raising $626,753. The company issued flow-through shares and units, with the largest shareholder increasing their position. The total shares outstanding after the closing is 163,734,828.
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Canadian Gold Corp. announces completion of regional field exploration program and plans for phase 2 drill program at Tartan Mine. Recent drill results show promising gold deposits below mineral resource estimate. Exploration program identifies potential for additional zones and discoveries across the property. Exploration programs at HEES Project and Hammond Reef South Project also completed. Price of Flow Through Shares amended to $0.205 per share.
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Canadian Gold Corp. appoints Edward Huebert as President, CEO, and director, strengthening the company's presence in Manitoba and expanding its gold resources at the Tartan Mine.
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Canadian Gold Corp. announces a non-brokered private placement offering of up to $2,225,000. Rob McEwen commits to purchasing $500,000 of the Units.
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Canadian Gold Corp. announces positive drill results from Phase 1 Exploration Program at Tartan Mine, indicating potential for larger discovery and profitable mining operation. High-grade gold samples identified near the mine. Company reviewing process plant design to increase gold recoveries and lower costs. Phase 2 drilling planned to expand known mineralization and define high-grade zones. Stock price may be positively affected.
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Canadian Gold Corp. announces positive results from Phase 1 Exploration Program at Tartan Mine, increasing vertical extent of high-grade mineralization by 61% compared to resource estimate. Hole TLMZ23-26 returned 12.0 gpt gold over 8.0 metres, outlining potential for larger discovery at depth. Company advancing project's permitting and engineering to lower production costs. Geological team conducting regional prospecting with promising early results. Successful drill holes will update resource estimate and future mine planning.
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FAQ
What is the current stock price of CANADIAN GOLD (STRRF)?
The current stock price of CANADIAN GOLD (STRRF) is $0.1055 as of December 23, 2024.
What is the market cap of CANADIAN GOLD (STRRF)?
The market cap of CANADIAN GOLD (STRRF) is approximately 19.9M.
What is Canadian Gold Corp.'s main focus?
Canadian Gold Corp. is primarily focused on expanding the high-grade gold resource at the past-producing Tartan Mine in Flin Flon, Manitoba.
Who leads Canadian Gold Corp.?
Ed Huebert serves as the President & CEO of Canadian Gold Corp.
What regions does Canadian Gold Corp. operate in?
The company holds greenfields exploration properties in Ontario and Quebec, adjacent to major gold mines.
What are some advantages of Canadian Gold Corp.'s project at Tartan Lake?
The Tartan Lake project benefits from good road access, renewable electric power on-site, and significant underground infrastructure.
What regulatory environment does Canadian Gold Corp. operate in?
Manitoba offers a positive and competitive regulatory environment with attractive tax incentives, including a New Mines Tax Holiday.
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