First Mining partners with Big Ridge on Newfoundland gold project
Barge drilling at Springhole. Credit: First Mining Gold
First Mining Gold (TSXV: FF; US-OTC: FFMGF) has entered into a definitive agreement with
Big Ridge Gold (TSXV: BRAU), allowing the explorer to earn up to an 80% stake in the past-producing Hope Brook gold project in southwestern Newfoundland.
Big Ridge may earn up to 80% in Hope Brook through a two-stage, five-year earn in that calls for a total of $20 million in spending on the project, the issue of 36.5 million of its shares to the vendor and a $2 million payment to First Mining at the start of commercial production. First Mining will keep a 1.5% net smelter return (NSR) royalty on the property and have its interest carried for free through to a feasibility study.
First Mining Gold forms partnership to advance Hope Brook gold project 7 April 2021 (Last Updated April 7th, 2021 12:01)
First Mining Gold has forged a partnership with Big Ridge Gold to advance the Hope Brook gold project in the Canadian province of Newfoundland.
The Hope Brook Gold Project produced more than 752,000oz of gold. Credit: Albert Hyseni on Unsplash.
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First Mining Gold has forged a partnership with Big Ridge Gold to advance the Hope Brook gold project in the Canadian province of Newfoundland.
Located 85km east of Port aux Basques, the project produced more than 752,000oz of gold from 1987 to 1997, as well as a copper concentrate from 1993 to 1997.
First Mining partners with Big Ridge on Newfoundland gold project April 6, 2021
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First Mining Gold (TSXV: FF) has entered into a definitive agreement with
Big Ridge Gold (TSXV: BRAU), allowing the explorer to earn up to an 80% stake in the past-producing Hope Brook gold project in southwestern Newfoundland.
Big Ridge may earn up to 80% in Hope Brook through a two-stage, five-year earn-in that calls for a total of $20 million in spending on the project, the issue of 36.5 million of its shares to the vendor and a $2-million payment to First Mining at the start of commercial production. First Mining would keep a 1.5% net smelter return (NSR) royalty on the property and have its interest carried for free through to a feasibility study.
Clarity” or the “
Company”) (CSE: CLAR, OTC: CLGCF, FSE: 27G) is pleased to announce that, further to its news release dated January 11, 2021, it has made a cash payment of $450,000 and issued 685,391 common shares (each, a “
Share”) in the capital of the Company at a deemed price of $1.46 per Share for an aggregate deemed value of $1,000,000 to Big Ridge Gold Corp. (“
Big Ridge”) (TSX-V: BRAU) on January 26, 2021 as the first payment under the Option Agreement dated November 27, 2020.
The Shares issued under to Big Ridge are subject to a hold period expiring four months and one day from the date of issuance of the Shares.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Clarity Gold Prepares for 2021 Exploration at Destiny, Compiles Historic Data Showing 25% of .
Clarity Gold Corp.January 15, 2021 GMT
VANCOUVER, British Columbia, Jan. 15, 2021 (GLOBE NEWSWIRE) Clarity Gold Corp. (“Clarity” or the “Company”) (CSE: CLAR, OTC: CLGCF, FSE: 27G) is pleased to report on progress from a recent site visit by Clarity personnel as part of 2021 exploration planning, and a summary of ongoing data interpretation and compilation where 25% of the 172 drill holes from previous operators on the whole project area intercepted visible gold, as noted in drill logs of the newly optioned Destiny Project located 75 km northeast of Val d’Or, Quebec within the prolific Abitibi Greenstone Gold Belt.