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Val-d'Or Mining Corporation is a junior natural resource issuer actively involved in acquiring and exploring mineral property assets. The company focuses on properties in the Abitibi Greenstone Belt of NE Ontario and NW Quebec, with interests in Northern Quebec. Val-d'Or Mining excels in identifying and initiating new projects, primarily in early-stage exploration of various mineral commodities like gold, copper, nickel, PGEs, and more. The company seeks to create value in its properties and engages in partnerships for advanced exploration projects.
Val-d'Or Mining has entered into a mining option agreement for the Powell Property in Matachewan, Ontario, subsequently assigning its rights to Eldorado Gold. The agreement includes a 1.5% net smelter returns (NSR) royalty for Val-d'Or Mining if Eldorado exercises the option. Eldorado must pay $305,000 and incur $2M in expenditures within five years to acquire 100% interest.
The 32-claim Powell Property features the Golden Stinger Zone, a recently discovered gold occurrence with samples yielding up to 10.95 g/t Au. The property is located 4km north of the Young-Davidson Mine and shows promising geological characteristics with gold mineralization in Timiskaming sediments.
Val-d'Or Mining (TSXV: VZZ) held its annual general and special meeting on October 18, 2024, in Val-d'Or, Québec. Shareholders re-elected five incumbent directors and appointed McGovern Hurley LLP as the company's auditor. The 10% rolling stock option incentive plan was re-approved, and shareholders passed a special resolution to alter the company's articles, including mandatory procedures for director nominations.
The Board reconstituted its committees and appointed officers, with Glenn J. Mullan as Chair, President & CEO. The company also granted incentive stock options to directors and officers, allowing the purchase of 576,000 common shares at $0.065 per share for a 5-year period.
Val-d'Or Mining has announced the granting of incentive stock options to its key personnel, including directors, officers, employees, and consultants. A total of 2,320,000 common shares can be purchased at a price of $0.06 per share over the next five years. This strategic move aims to align the interests of the company's leadership and staff with its long-term growth objectives.
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