Welcome to our dedicated page for Neworigin Gold news (Ticker: TROIF), a resource for investors and traders seeking the latest updates and insights on Neworigin Gold stock.
NewOrigin Gold Corp. (TSXV: NEWO) is a Canadian exploration company focused on drill discovery at its gold projects in the Canadian Shield. The company recently closed the sale of the remaining Kinebik mineral claims to O3 Mining Inc., as approved by disinterested shareholders. NewOrigin's management and board have extensive experience in delineating and developing gold deposits. The company trades on the TSX Venture Exchange under the ticker 'NEWO', with shareholders including O3 Mining Inc. and Osisko Mining Inc.
NewOrigin Gold Corp (TSXV: NEWO) has received the final order from the Ontario Superior Court of Justice for its business combination with Harfang Exploration. Under the arrangement, Harfang will acquire all NewOrigin shares, with shareholders receiving 0.25694426 Harfang shares for each NewOrigin share. Former NewOrigin shareholders will own approximately 20% of Harfang post-merger. The arrangement, previously approved by shareholders on October 23, 2024, is expected to complete in early November 2024, subject to TSX Venture Exchange and regulatory approvals. NewOrigin shares will be delisted from TSX Venture Exchange following closure.
NewOrigin Gold Corp. (TSXV: NEWO) shareholders have approved the business combination with Harfang Exploration Inc. The approval was overwhelming, with 99.38% of voted shares in favor, representing 51.57% of outstanding shares. Under the arrangement, NewOrigin shareholders will receive 0.25694426 Harfang shares for each NewOrigin share, resulting in former NewOrigin shareholders owning approximately 20% of Harfang. The closing is expected in early November 2024, subject to court approval. Following completion, NewOrigin shares will be delisted from TSX Venture Exchange.
NewOrigin Gold Corp. (TSXV: NEWO) has received positive results from an airborne geophysical survey at its Sky Lake gold project in Ontario. The survey, conducted by Geotech , covered 809 line km and identified new priority electromagnetic (EM) targets and magnetic features potentially associated with gold-bearing iron formation.
Key findings include:
- Numerous EM anomalies detected within 6 km east of the Koval gold deposit
- EM responses varying from short-strike length to over 1 km in strike length
- Many anomalies associated with strong to medium strength magnetic trends
The Sky Lake property covers 90 km² and extends 27 km along a well-mineralized belt. It's located near the Pickle Lake Gold District, which hosts over 3.5 million ounces of gold. The geological environment at Sky Lake is interpreted to resemble the Bousquet-LaRonde Gold District in Quebec, which has produced over 25 million ounces of gold.
NewOrigin Gold Corp. (TSXV: NEWO) has initiated an airborne geophysical survey at its Sky Lake project, located 25 km southwest of the Pickle Lake Gold Mining District in Ontario. This survey, performed by Geotech , aims to identify new drill targets east of NewOrigin's Koval gold deposit, covering an area of 18 km by 4 km. The Koval gold deposit, discovered in the 1950s, has seen minimal exploration in over 60 years. The survey will also enhance understanding of the geophysical properties, potentially leading to new discoveries. The Sky Lake property spans 90 km2, positioned between several historically productive gold mines, with NewOrigin having acquired the Koval claims from Barrick Gold in January 2022. The results of this survey will inform future drilling programs.
FAQ
What is the current stock price of Neworigin Gold (TROIF)?
What is the market cap of Neworigin Gold (TROIF)?
What is NewOrigin Gold Corp. focused on?
Who recently acquired the remaining Kinebik mineral claims from NewOrigin Gold Corp.?
On which stock exchange does NewOrigin Gold Corp. trade and under what ticker symbol?
What experience does the management and board of NewOrigin Gold Corp. have?
Who are some of the shareholders of NewOrigin Gold Corp.?
What recent transaction did NewOrigin Gold Corp. complete with O3 Mining Inc.?
When was the sale of the remaining Kinebik mineral claims approved by shareholders?
What is the hold period for the shares issued in the recent transaction with O3 Mining Inc.?
What is the focus of NewOrigin Gold Corp.'s exploration activities?
How can one contact NewOrigin Gold Corp. for further information?
